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Heartland State Bank

Edgeley, ND · Cert 3919 · JBS Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$75.6MAssets
$29.4MLoans
$68.3MDeposits
$6.8MEquity
Loan mix
76%RE $13.6M12%C&I $2.1M12%Consumer $2.2MQ3 2024Q2 2026
Deposit mix
70%Interest-bearing $47.7M30%Noninterest $20.6MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.53%, down 7 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 3.36% of loans (+60 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 9.75%, down 75 bps from a year ago.
  • Funding: loans stand at 43.10% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.53%-7 bps YoY

Net Interest Margin (YTD, annualized)

2.69%-41 bps YoY

Efficiency Ratio (YTD, annualized)

78.40%+65 bps YoY

Tier 1 Leverage Ratio

9.75%-75 bps YoY

NIM

5.29%Q2 ’244.78%Q2 ’254.18%Q2 ’26-14%-13%

Non-interest income vs. expense

3.19%Q2 ’242.59%Q2 ’252.27%Q2 ’26-19%-13%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.63%0.61%0.40%0.60%0.62%0.64%0.36%0.53%-7 bps
Return on Equity7.12%6.91%4.52%6.77%6.88%7.01%4.07%5.95%-82 bps
Net Interest Margin3.76%3.74%3.09%3.10%3.15%3.14%2.66%2.69%-41 bps
Efficiency Ratio79.51%80.13%84.30%77.74%76.56%76.29%82.35%78.40%+65 bps
Non-Interest Burden2.93%2.94%2.57%2.36%2.36%2.34%2.15%2.06%-30 bps
Growth
Asset Growth (YoY)-4.72%-8.58%7.69%11.00%9.22%13.22%10.25%6.36%-464 bps
Loan Growth (YoY)-3.39%-2.95%-1.13%-4.67%-15.03%-14.21%-14.39%-13.13%-846 bps
Deposit Growth (YoY)1.02%-3.18%7.92%11.29%10.18%14.43%10.39%6.41%-488 bps
Asset Quality
Nonperforming Loans / Loans2.59%2.43%2.78%2.76%3.22%3.01%3.46%3.36%+60 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.02%+2 bps
Allowance / Loans1.18%1.13%1.32%1.33%1.38%1.32%1.53%1.52%+19 bps
Allowance Coverage of NPLs0.5x0.5x0.5x0.5x0.4x0.4x0.4x0.5x0.0x
Capital
Tier 1 Leverage Ratio11.66%11.37%10.75%10.50%10.82%10.40%9.86%9.75%-75 bps
Total Risk-Based Capital11.66%11.37%10.75%10.50%10.82%10.40%9.86%9.75%-75 bps
Equity / Assets10.02%9.01%8.62%9.02%9.64%9.11%8.59%9.05%+3 bps
Liquidity & Funding
Loans / Deposits68.16%69.79%53.49%52.79%52.56%52.32%41.48%43.10%-969 bps
Liquid Assets / Assets3.26%0.73%16.30%12.86%11.92%10.96%24.68%20.29%+743 bps
CRE / Total Capitaln/an/an/an/a28.53%28.96%28.27%n/an/a