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Heartland Bank

Croton, OH · Cert 9443

FDIC · 23 branches

Q4 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q4 2024, the quarter ended December 31, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=259 to 265). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

54

Q2 2024Q4 2024peer median (50)

Asset Quality

51

Q2 2024Q4 2024peer median (50)

Profitability

71

Q2 2024Q4 2024peer median (50)

Liquidity

91

Q2 2024Q4 2024peer median

Efficiency

60

Q2 2024Q4 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Heartland Bank

Croton, OH · Cert 9443

FDIC · 23 branches

Q4 2024

$2.0BAssets
$1.6BLoans
$1.8BDeposits
$187.8MEquity
Loan mix
86%RE $992.0M13%C&I $152.5M1%Consumer $11.9MQ4 2023Q4 2024
Deposit mix
75%Interest-bearing $1.3B25%Noninterest $0.4BQ4 2023Q4 2024

NIM

3.89%Q4 ’224.98%Q4 ’235.38%Q4 ’24-7%-8%

Non-interest income vs. expense

2.58%Q4 ’222.43%Q4 ’232.26%Q4 ’24-8%-9%

Market Position · Columbus, OH · 2024 SOD (annual) · 1.4% share · #9 of 54 inst. · $1.5B of $105.0B

1.4% Franklin
4.6% Licking
1.5% Kenton
1.2% Boone

Executive Summary

  • Earnings: ROA of 1.18%, up 1 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.54% of loans (+41 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 9.95%, up 19 bps from a year ago.
  • Funding: loans stand at 88.40% of deposits as of Q4 2024.

Financial Results

Return on Assets (YTD, annualized)

1.18%+1 bps YoY

Net Interest Margin (YTD, annualized)

3.09%-29 bps YoY

Efficiency Ratio (YTD, annualized)

61.59%+23 bps YoY

Tier 1 Leverage Ratio

9.95%+19 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets1.16%1.16%1.16%1.15%1.18%+1 bps
Return on Equity12.67%12.36%12.37%12.13%12.39%-28 bps
Net Interest Margin3.38%3.24%3.20%3.17%3.09%-29 bps
Efficiency Ratio61.36%62.50%62.09%62.35%61.59%+23 bps
Non-Interest Burden1.84%1.80%1.76%1.75%1.67%-17 bps
Growth
Asset Growth (YoY)13.25%6.31%6.12%5.58%4.67%-858 bps
Loan Growth (YoY)10.25%4.22%2.92%2.20%0.64%-961 bps
Deposit Growth (YoY)12.65%3.71%5.34%7.79%6.49%-616 bps
Asset Quality
Nonperforming Loans / Loans0.13%0.13%0.13%0.12%0.54%+41 bps
Net Charge-Offs / Loans0.03%0.01%0.04%0.02%0.02%0 bps
Allowance / Loans1.16%1.17%1.15%1.15%1.15%-1 bps
Allowance Coverage of NPLs8.6x9.1x8.6x9.5x2.1x-6.5x
Capital
Tier 1 Leverage Ratio9.76%9.81%9.94%9.98%9.95%+19 bps
Total Risk-Based Capital12.80%13.16%13.32%13.54%14.03%+123 bps
Equity / Assets9.34%9.43%9.45%9.75%9.54%+20 bps
Liquidity & Funding
Loans / Deposits93.54%93.32%93.67%90.53%88.40%-514 bps
Liquid Assets / Assets1.06%0.92%1.64%1.68%4.42%+336 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Heartland Bank

Croton, OH · Cert 9443 · Peer group: banks $1B-$10B in assets (n=259-265)

FDIC · 23 branches

Q4 2024

$2.0BAssets
$1.6BLoans
$1.8BDeposits
$187.8MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 75% of banks $1B-$10B in assets (rank 67 of 265).
  • Widest gap: nonperforming loans / loans trails 59% of banks $1B-$10B in assets (rank 154 of 259).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.15%

Rank 67 of 265

Net Interest Margin

3.09%

Rank 99 of 265

Efficiency Ratio

61.77%

Rank 107 of 265

Equity / Assets

9.54%

Rank 141 of 265

Non-interest income vs. expense

$11.6M$44.6MINCOMEEXPENSE
Unfavorable gap of $33.0M · efficiency ratio beats 60% of banks $1B-$10B in assets
Bank 61.77%Peer median 64.6%Q2 2024Q4 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.15%0.59%0.88%1.15%Beats 75%67 / 265
Return on Equity12.00%6.61%9.35%11.95%Beats 75%65 / 265
Net Interest Margin3.09%2.50%2.88%3.37%Beats 63%99 / 265
Efficiency Ratio61.77%56.50%64.63%72.96%Beats 60%107 / 265
Asset Quality
Nonperforming Loans / Loans0.54%0.17%0.42%0.89%Beats 41%154 / 259
Net Charge-Offs / Loans0.04%0.02%0.06%0.20%Beats 60%105 / 259
Capital
Tier 1 Capital Ratio12.78%11.21%12.48%14.46%Beats 54%121 / 265
Total Risk-Based Capital Ratio14.03%12.06%13.47%15.42%Beats 61%103 / 265
Equity / Assets9.54%8.42%9.65%11.19%Beats 47%141 / 265
Liquidity & Funding
Loans / Deposits88.40%75.05%87.21%94.28%56th pctl115 / 260
Loans / Assets79.23%64.11%73.90%79.94%73rd pctl70 / 259
Brokered Deposits / Depositsn/aNot reported for this institution