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Heartland State Bank

$100M-$1B Specialty: Agricultural SD FDIC cert 9007

Redfield, SD

4 branches across SD

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 2,643 banks in the $100M-$1B peer group nationwide — 1 of 24 in SD.
  • Deposits +9.9% year over year ($135.1M on the books).
  • Delinquency rate 0.00%.
  • Return on assets 2.43%.
  • Efficiency ratio 53.60% vs a 64.48% peer average.
  • Loan-to-deposit ratio 89.85% vs a 77.95% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

2643 banks in the $100M-$1B peer group nationally 24 in SD
View $100M-$1B leaderboard (SD) →

Heartland State Bank has 6 strengths but faces 1 concern

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Revenue Diversifier: Top 36.9% in tier
  • + Deposit Franchise: Top 61.5% in tier
  • + Return on Assets 1.10% above tier average
  • + Delinquency Rate 0.92% below tier average
  • + Nonperforming Asset Ratio 0.67% below tier average
  • + Efficiency Ratio 10.88% below tier average

Key Concerns

Areas that may need attention

  • - Capital Thin: Bottom 30.9% in tier
Get updates when Heartland State Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (SD) National Avg Tier Percentile
Total Assets ? $154.0M
+4.1% YoY -1.3% QoQ
-$232.5M $386.6M
+1.2% YoY
$70.4B
+8.4% YoY
$6.3B
+7.7% YoY
15%
Total Loans ? $121.4M
+16.0% YoY +3.6% QoQ
-$137.0M $258.3M
+1.7% YoY
$31.5B
+10.3% YoY
$3.2B
+9.4% YoY
26%
Total Deposits ? $135.1M
+9.9% YoY +0.3% QoQ
-$191.7M $326.7M
+0.7% YoY
$56.5B
+10.5% YoY
$4.9B
+7.3% YoY
17%
Return on Assets ? 2.43%
-1.3% YoY +10.1% QoQ
+1.10% 1.32%
+10.8% YoY
1.40%
+6.8% YoY
1.30%
+12.1% YoY
Top 5.6% in tier
Net Interest Margin ? 5.25%
+4.9% YoY +2.6% QoQ
+1.26% 3.99%
+5.0% YoY
4.26%
+1.1% YoY
3.95%
+4.9% YoY
Top 5.0% in tier
Efficiency Ratio ? 53.60%
+7.3% YoY -5.0% QoQ
-10.88% 64.48%
-3.2% YoY
60.99%
-4.4% YoY
70.05%
+2.5% YoY
75%
Delinquency Rate ? 0.00% -0.92% 0.92%
+15.7% YoY
0.78%
+47.6% YoY
0.98%
+16.3% YoY
Top 0.1% in tier
Loan-to-Deposit Ratio ? 89.85%
+5.6% YoY +3.3% QoQ
+11.90% 77.95%
+1.0% YoY
73.26%
-0.6% YoY
79.03%
+2.3% YoY
26%
Non-Interest-Bearing Deposit Share ? 27.69%
+1.2% YoY -20.7% QoQ
+5.66% 22.03%
-0.6% YoY
23.46%
+3.2% YoY
21.98%
-0.6% YoY
75%
Nonperforming Asset Ratio ? 0.00% -0.67% 0.67%
+16.4% YoY
0.54%
+39.8% YoY
0.69%
+15.8% YoY
Top 0.1% in tier
Tier 1 Capital Ratio ? 9.93%
-15.0% YoY -8.5% QoQ
-5.98% 15.91%
+1.4% YoY
15.80%
+1.0% YoY
17.09%
+0.8% YoY
Bottom 9.7% in tier
Non-Interest Income / Assets ? 0.32%
+19.9% YoY +108.1% QoQ
-0.25% 0.57%
+7.6% YoY
0.54%
-0.1% YoY
0.66%
+5.2% YoY
75%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (SD) National Avg Tier Percentile
Noninterest-Bearing 27.7%
+0.3pp YoY
-7.2pp QoQ
 +5.5pp 22.1% 23.5% 22.2% 75%
Brokered Deposits 6.9%
-2.4pp YoY
+2.4pp QoQ
 -1.0pp 7.9% 8.7% 8.5% 63%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (SD) National Avg Tier Percentile
C&I 4.4%
-0.6pp YoY
+0.5pp QoQ
 -7.2pp 11.6% 14.1% 12.5% 16%
CRE n/a n/a 39.5% 31.5% 41.4% n/a
1-4 Family 0.8%
-0.1pp YoY
-0.1pp QoQ
 -31.8pp 32.6% 14.9% 31.3% 1%
Consumer 1.3%
-0.1pp YoY
+0.1pp QoQ
 -2.8pp 4.1% 8.5% 5.0% 35%

Capital

Metric Current vs Tier Tier Avg State Avg (SD) National Avg Tier Percentile
CET1 Ratio n/a n/a 18.8% 17.6% 19.7% n/a
Leverage Ratio 9.9%
+0.1pp YoY
+0.1pp QoQ
 -2.2pp 12.2% 11.9% 12.6% 29%
Total Capital Ratio n/a n/a 19.9% 18.8% 20.8% n/a

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (SD) National Avg Tier Percentile
Full-Time Employees 25
+2 (+8.7%) YoY
0 QoQ
 -34 58 6,279 482 19%
Assets per Employee ($) $6.2M
-4.2% YoY
-1.3% QoQ
 -$1.4M $7.5M $8.1M $8.8M 36%
Branch Count 4
0 YoY
0 QoQ
 -1 4 92 18 42%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (SD) National Avg Tier Percentile
Past Due 90+ Days n/a n/a 0.3% 0.2% 0.4% n/a
Nonaccrual n/a n/a 0.9% 1.0% 1.0% n/a
Allowance Coverage n/a n/a 24.15x 96.54x 20.23x n/a
Net Charge-off Rate (YTD) -0.0%
0.0pp YoY
0.0pp QoQ
 -0.2pp 0.1% 0.7% 0.2% 21%

Profitability

Metric Current vs Tier Tier Avg State Avg (SD) National Avg Tier Percentile
ROE 26.6%
-1.7pp YoY
+2.2pp QoQ
 +14.4pp 12.2% 12.4% 11.6% 97%
Cost of Funds (YTD) 1.3%
-0.1pp YoY
0.0pp QoQ
 -0.4pp 1.7% 1.7% 1.7% 26%
Net Income ($, YTD) $1.9M
+3.1% YoY
— QoQ
 -$675K $2.6M $418.8M $40.4M 50%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (2)

Revenue Diversifier

growth
#245 of 661 • Top 36.9% in tier

Top-quartile non-interest income relative to assets. Revenue less dependent on spread - more resilient to rate cycles.

Why this signature
Noninterest Income / Assets: 0.32%
(Tier: 0.57%, National: 0.66%)
but worse than tier avg
Return on Assets: 2.43%
(Tier: 1.32%, National: 1.30%)
better than tier avg
661 of 661 Community banks match · 923 nationally
→ Stable

Deposit Franchise

growth
#172 of 278 • Top 61.5% in tier

Top-quartile non-interest-bearing deposits AND top-quartile NIM. A premium deposit franchise translating into above-peer spread.

Why this signature
Noninterest-Bearing Deposit Share: 27.69%
(Tier: 22.03%, National: 21.98%)
better than tier avg
Net Interest Margin: 5.25%
(Tier: 3.99%, National: 3.95%)
better than tier avg
278 of 278 Community banks match · 368 nationally
→ Stable -1 banks QoQ | QoQ rank declining

Concerns (1)

Capital Thin

risk
#205 of 661 • Bottom 30.9% in tier

Tier 1 capital ratio in the bottom quartile of peers. Capital cushion thin relative to peers - regulator-watching cohort.

Why this signature
Tier 1 Capital Ratio: 9.93%
(Tier: 15.91%, National: 17.09%)
worse than tier avg
661 of 661 Community banks match · 923 nationally
→ Stable | QoQ rank improving

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 2643 peers in $100M-$1B

Top Strengths (7 metrics)

1
Delinquency Rate
credit_quality
Value: 0.00%
Peer Median: 0.92%
#1 of 2633 Top 0.1% in $100M-$1B
1
Nonperforming Asset Ratio
credit_quality
Value: 0.00%
Peer Median: 0.67%
#1 of 2643 Top 0.1% in $100M-$1B
132
Net Interest Margin
profitability
Value: 5.25%
Peer Median: 3.99%
#132 of 2643 Top 5.0% in $100M-$1B
148
Return on Assets
profitability
Value: 2.43%
Peer Median: 1.32%
#148 of 2643 Top 5.6% in $100M-$1B
653
Non-Interest-Bearing Deposit Share
funding
Value: 27.69%
Peer Median: 22.03%
#653 of 2643 Top 24.7% in $100M-$1B
653
Non-Interest Income / Assets
revenue_mix
Value: 0.32%
Peer Median: 0.57%
#653 of 2643 Top 24.7% in $100M-$1B
654
Efficiency Ratio
profitability
Value: 53.60%
Peer Median: 64.48%
#654 of 2643 Top 24.7% in $100M-$1B

Top Weaknesses (3 metrics)

2388
Tier 1 Capital Ratio
capital
Value: 9.93%
Peer Median: 15.91%
#2388 of 2643 Bottom 9.7% in $100M-$1B
2242
Total Assets
size
Value: $154.03M
Peer Median: $386.57M
#2242 of 2643 Bottom 15.2% in $100M-$1B
2200
Total Deposits
size
Value: $135.07M
Peer Median: $326.73M
#2200 of 2643 Bottom 16.8% in $100M-$1B
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