Columbia, TN · Cert 58220 · Heritage Financial Corp.
State charter, non-member · FDIC · 4 branches
Q2 2026
Market Position · Nashville-Davidson--Murfreesboro--Franklin, TN · 2026 SOD (annual) · 0.3% share · #35 of 62 inst. · $0.3B of $107.8B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.69% | 0.94% | 0.63% | 0.68% | 1.05% | 1.10% | 1.55% | 1.02% | +34 bps | |
| Return on Equity | 9.45% | 13.01% | 8.83% | 9.39% | 14.00% | 14.28% | 19.84% | 12.90% | +351 bps | |
| Net Interest Margin | 3.68% | 3.65% | 3.64% | 3.84% | 3.90% | 3.82% | 3.82% | 3.85% | 0 bps | |
| Efficiency Ratio | 72.90% | 73.21% | 75.29% | 75.07% | 66.44% | 67.70% | 60.99% | 69.62% | -545 bps | |
| Non-Interest Burden | 2.50% | 2.49% | 2.59% | 2.76% | 2.26% | 2.38% | 1.74% | 2.47% | -28 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 9.52% | 7.12% | 8.16% | 5.89% | 6.28% | 5.08% | 3.71% | 6.91% | +102 bps | |
| Loan Growth (YoY) | 9.84% | 8.52% | 8.86% | 8.99% | 12.07% | 14.49% | 15.90% | 16.86% | +787 bps | |
| Deposit Growth (YoY) | 11.83% | 10.10% | 10.52% | 5.83% | 4.58% | 2.79% | 1.19% | 5.95% | +12 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.10% | 1.01% | 0.73% | 0.52% | 0.44% | 0.41% | 0.40% | 0.36% | -16 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.40% | 0.32% | 0.02% | 0.02% | 0.00% | 0.01% | -31 bps | |
| Allowance / Loans | 1.96% | 1.92% | 1.84% | 1.78% | 1.77% | 1.69% | 1.66% | 1.62% | -16 bps | |
| Allowance Coverage of NPLs | 18.9x | 1.9x | 2.5x | 3.5x | 4.0x | 4.1x | 4.1x | 4.5x | +1.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.43% | 8.51% | 8.50% | 8.38% | 8.33% | 8.31% | 8.42% | 8.48% | +10 bps | |
| Total Risk-Based Capital | 11.97% | 11.70% | 11.53% | 11.46% | 11.42% | 11.21% | 11.37% | 11.50% | +3 bps | |
| Equity / Assets | 7.31% | 7.11% | 7.09% | 7.40% | 7.58% | 7.81% | 7.79% | 8.00% | +61 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 83.12% | 85.17% | 82.47% | 86.33% | 89.08% | 94.86% | 94.46% | 95.22% | +889 bps | |
| Liquid Assets / Assets | 5.48% | 4.02% | 6.46% | 4.53% | 4.65% | 0.25% | 2.56% | 1.35% | -318 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 414% | 469% | 461% | n/a | n/a | |