Heritage Bank
Topeka, KS FDIC 57548 $100M-$500M
Quarter Ended
Q1'26
Data as of March 31, 2026
Quarterly Snapshot
Metric Q1'26 YoY Δ Q1'25
Profitability
Return on Assets (%) 1.79% +0.39 1.40%
Return on Equity (%) 16.75% +1.54 15.21%
Net Interest Margin (%) 4.35% +0.42 3.93%
Efficiency Ratio (%) 51.46% -3.00 54.46%
Pre-Provision Profit ($M) $2 +1.01 $1
Cost of Funds (%) 1.83% -1.17 3.01%
Balance Sheet
Total Assets ($M) $336 +186.26 $150
Gross Loans ($M) $235 +104.29 $131
Loan Growth YoY (%) 94.77% -6.13 100.90%
Total Deposits ($M) $245 +116.78 $128
Shareholders Equity ($M) $35 +21.43 $14
Tang. Book Value ($M) $30 +15.89 $14
TBV excl. AOCI ($M)** $32 +18.11 $14
Loan / Deposit Ratio (%) 94.77% -6.13 100.90%
Credit Quality
NPA / Total Assets (%) 0.33% +0.33 0.00%
Allowance / Loans (%) 1.33% 0.06% 1.27%
Net Charge-Off Ratio (%) 0.48% +0.48 0.00%
Capital
Tier 1 Capital Ratio (%) 11.19% +0.43 10.76%
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
Metric Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26
▆▄▃▁▄▃██ Net Interest Margin (%) 4.20% 4.10% 4.07% 3.93% 4.11% 4.08% 4.36% 4.35%
▄▄▁▄▅▁▁█ Return on Assets (%) 1.40% 1.39% 1.16% 1.40% 1.52% 1.16% 1.14% 1.79%
▆▆█▃▂▃▄▁ Efficiency Ratio (%) 56.6% 57.1% 59.5% 54.5% 53.2% 54.1% 55.3% 51.5%
▅███▇▁▂▁ Cost of Funds (%) 2.66% 3.16% 3.06% 3.01% 3.00% 1.91% 2.01% 1.83%
▁▁▁▁▁█▁▃ NPA / Assets (%) 0.00% 0.00% 0.00% 0.00% 0.00% 0.98% 0.03% 0.33%
▁▁▁▁▁█▁▃ Net Charge-Off Ratio (%) 0.00% 0.00% 0.00% 0.00% 0.00% 1.30% 0.04% 0.48%
▁▁▁▁▁███ Tang. Book Value ($M) $13 $13 $13 $14 $14 $28 $28 $30
▁▁▂▂▂███ Gross Loans ($M) $108 $113 $124 $131 $139 $220 $235 $235
▁▁▁▂▂███ Total Deposits ($M) $104 $115 $120 $128 $131 $234 $235 $245
Portfolio Composition — Q1'26
Loan Mix%
Real Estate75%
C&I / Commercial16%
Consumer8%
Deposit Mix%
Nonint.-Bearing Demand21%
Interest-Bearing (core)73%
Brokered / Other6%
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