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Heritage Bank of the Ozarks

Lebanon, MO · Cert 57576 · Cornerstone Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$424.0MAssets
$329.4MLoans
$376.9MDeposits
$37.4MEquity
Loan mix
94%RE $292.3M4%C&I $12.0M2%Consumer $6.9MQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $311.7M17%Noninterest $65.2MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.18%, down 22 bps year over year; NIM at 3.71%.
  • Asset quality: problem loans at 2.74% of loans (+253 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.64%, up 2 bps from a year ago.
  • Funding: loans stand at 87.38% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.18%-22 bps YoY

Net Interest Margin (YTD, annualized)

3.71%-2 bps YoY

Efficiency Ratio (YTD, annualized)

61.27%+566 bps YoY

Tier 1 Leverage Ratio

9.64%+2 bps YoY

NIM

5.57%Q2 ’245.94%Q2 ’255.86%Q2 ’26+12%-1%

Non-interest income vs. expense

2.74%Q2 ’242.50%Q2 ’252.66%Q2 ’26-13%+17%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.01%1.08%1.22%1.39%1.35%1.27%1.13%1.18%-22 bps
Return on Equity13.30%13.95%14.87%16.84%16.26%15.28%13.27%13.67%-317 bps
Net Interest Margin3.27%3.25%3.66%3.74%3.63%3.60%3.61%3.71%-2 bps
Efficiency Ratio65.33%63.91%59.75%55.61%55.09%55.30%61.33%61.27%+566 bps
Non-Interest Burden1.88%1.83%1.92%1.73%1.67%1.68%2.00%2.03%+30 bps
Growth
Asset Growth (YoY)20.43%14.95%18.54%14.44%13.92%17.26%11.89%8.23%-621 bps
Loan Growth (YoY)17.31%15.14%15.82%14.48%14.01%14.52%13.23%11.27%-320 bps
Deposit Growth (YoY)20.31%16.16%17.62%12.45%13.76%19.80%12.17%9.78%-266 bps
Asset Quality
Nonperforming Loans / Loans0.16%0.19%0.25%0.22%0.21%2.28%3.43%2.74%+253 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.01%0.03%0.00%0.01%+1 bps
Allowance / Loans1.12%1.11%1.15%1.17%1.27%1.40%1.42%1.45%+28 bps
Allowance Coverage of NPLs7.0x6.0x4.6x5.4x6.1x0.6x0.4x0.5x-4.9x
Capital
Tier 1 Leverage Ratio8.75%9.22%9.49%9.62%9.32%9.31%9.38%9.64%+2 bps
Total Risk-Based Capital8.75%9.22%9.49%9.62%9.32%9.31%9.38%9.64%+2 bps
Equity / Assets7.67%8.17%8.22%8.44%8.41%8.33%8.67%8.83%+39 bps
Liquidity & Funding
Loans / Deposits83.35%87.88%86.10%86.20%83.53%84.01%86.91%87.38%+117 bps
Liquid Assets / Assets7.07%5.36%4.73%6.85%6.65%5.74%5.93%4.15%-270 bps
CRE / Total Capitaln/an/an/an/a372%368%359%n/an/a