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Q2 2026 · read from the 30 June 2026 Call Report · United States · South Central · Kentucky, the state note

Heritage Bank Inc

Burlington, Kentucky · $1.99B in assets · beside the 11 other Kentucky banks between $1B and $3B

The filing

67.9%
Loans / deposits
1st of 12
7.2%
Equity / assets
12th of 12
47.0%
CRE / loans
12th of 12

Heritage Bank Inc is the third largest of the 12 Kentucky banks between $1B and $3B, with $1.99B in assets at 30 June 2026. Loans are 67.9% of deposits, the lowest in the cohort against a median of 80.1%, and equity is 7.2% of assets, the lowest in the cohort. Loans grew +2.8% in the year, 7th of 12, and deposits grew 8.1%; the cohort's median loan growth is +4.0%.

Noncurrent loans are 0.47% of the book, 11th of 12 against a median of 0.28%; 0.14% is 30 to 89 days past due, and the allowance covers them 2.5 times. Net charge-offs are 0.12% of loans, 11th of 12. Commercial real estate is 47.0% of loans, the highest in the cohort against a median of 33.1%, and 295% of capital, below the 300% screen, with construction at 84% against the 100% screen.

Return on assets is 1.05%, 8th of 12 against a median of 1.22%, on an efficiency ratio of 63.8%, 9th of 12. Five years ago it was 1.05%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.

Commercial real estate, share of loansKY banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median 33.1% CF Community Finl Services Bank 13.6% FS First Southern National Bank 27.2% WB Whitaker Bank 30.5% ES Edmonton State Bank 31.4% PB Paducah Bank & Trust Co. 31.7% FB Forcht Bank National Association 32.8% CB Cecilian Bank 33.4% MB Monticello Banking Co. 37.1% SC South Central Bank Inc 37.9% TB Traditional Bank Inc 44.8% PB Planters Bank Inc 45.1% HB Heritage Bank Inc 47.0%
Loans, year over yearKY banks $1B to $3B · 30 June 2026 · no better direction, largest first
median +4.0% SC South Central Bank Inc +11.9% ES Edmonton State Bank +10.4% PB Paducah Bank & Trust Co. +8.4% TB Traditional Bank Inc +6.8% WB Whitaker Bank +6.2% FS First Southern National Bank +5.1% HB Heritage Bank Inc +2.8% CB Cecilian Bank +2.3% FB Forcht Bank National Association +1.6% CF Community Finl Services Bank -0.8% PB Planters Bank Inc -3.2% MB Monticello Banking Co. -8.0%

SBA 7(a), FY2008 to FY2026

Heritage Bank Inc is the 197th largest 7(a) lender into Texas of 706, with $25M across 47 loans, 0.1% of everything approved in the state (Live Oak Banking Company leads with $2.53B). Every market on its book has had an approval since FY2023.

Where it lends in Texas, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Philadelphia, PA$11M35th of 1470.9%thin
Kenton, KY$10M5th of 524.9%+5.7 pts
Boone, KY$8M5th of 625.2%+9.3 pts
Los Angeles, CA$8M140th of 3080.0%thin
Williamson, TX$6M49th of 1810.5%thin
Harris, TX$6M126th of 3140.1%thin
Salt Lake, UT$6M53rd of 1640.2%thin
Hamilton, OH$5M34th of 1220.4%+1.5 pts
Cobb, GA$5M70th of 1820.3%thin
Floyd, IN$5M6th of 406.3%thin
Orange, FL$5M79th of 2010.2%thin
New York, NY$5M77th of 2080.2%thin
Broward, FL$5M88th of 2090.2%thin
273 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Accommodation & food services76$46M15.9%0.06%237th of 2,596
Health care & social assistance67$36M12.4%0.08%171st of 2,172
Other services56$31M10.7%0.09%177th of 2,248
Retail trade72$29M10.1%0.05%260th of 2,589
Construction66$28M9.7%0.09%182nd of 2,063
7(a) lenders into Texas, share of approvals since FY2008706 lenders on record; the ten largest and Heritage Bank Inc
LO Live Oak Banking Company 5.8% $2.53B · 1,820 loans TH The Huntington National Bank 5.2% $2.28B · 3,585 loans WF Wells Fargo Bank National Associa… 4.6% $2.02B · 7,244 loans PB PNC Bank, National Association 3.9% $1.70B · 8,154 loans JC JPMorgan Chase Bank, National Ass… 3.4% $1.49B · 7,339 loans WB Wallis Bank 3.2% $1.41B · 1,134 loans CB Celtic Bank Corporation 2.0% $879M · 1,359 loans Bo Bank of Hope 1.7% $741M · 1,359 loans RL Readycap Lending, LLC 1.7% $728M · 1,216 loans EB Enterprise Bank & Trust 1.6% $717M · 569 loans HB Heritage Bank Inc 0.1% $25M · 47 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 4 CBLR filers; owner-occupied excluded; bold marks a screen met
Heritage Bank IncRankCohort median
Total CRE against capital, the 300% screen295%12th of 12238%
Construction against capital, the 100% screen84%10th of 1269%
Construction and land development, share of loans13.4%9th of 1210.4%
Non-owner-occupied nonfarm nonresidential, share of loans27.3%12th of 1217.7%
Total CRE, the guidance definition, share of loans47.0%12th of 1233.1%
CRE growth over 36 months, the third prong+13.7%6th of 12+16.6%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Traditional Bank Inc$2.44B1.2%53.2%0.25%0.03%1.0%78.3%8.8%
South Central Bank Inc$2.26B1.4%53.1%0.30%0.00%1.0%90.6%9.0%
Heritage Bank Inc$1.99B1.0%63.8%0.47%0.12%1.2%67.9%7.2%
Planters Bank Inc$1.96B1.3%51.1%0.11%0.01%1.4%85.9%11.8%
Whitaker Bank$1.93B1.4%60.8%0.21%0.06%1.5%68.3%11.5%
Forcht Bank National Association$1.65B0.7%75.2%0.05%0.01%1.2%76.0%8.9%
Cecilian Bank$1.59B1.6%50.6%0.40%0.01%1.1%80.4%10.3%
Community Finl Services Bank$1.37B1.0%67.4%0.42%0.23%1.3%79.8%8.3%
First Southern National Bank$1.28B0.8%62.4%0.61%0.05%1.7%71.0%11.6%
Edmonton State Bank$1.15B2.5%49.4%0.32%0.01%1.1%92.8%12.0%
Monticello Banking Co.$1.07B1.0%69.8%0.11%0.01%1.2%83.8%8.7%
Paducah Bank & Trust Co.$1.07B2.2%54.7%0.19%0.02%1.5%95.9%10.0%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Heritage Bank IncCohort median
20212026Change20212026Change
Loans$769M$1.24B+61%$823M$1.09B+32%
Deposits$1.25B$1.83B+46%$1.17B$1.41B+20%
NPA / loans0.13%0.47%+0.33 pts0.52%0.28%-0.24 pts
Efficiency59.8%63.8%+4.0 pts59.8%57.8%-2.1 pts
ROA1.05%1.05%-0.00 pts1.07%1.22%+0.15 pts

This read was prepared for Heritage Bank Inc's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Heritage Bank Inc is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort KY banks $1B to $3B
Institution www.ourheritage.bank

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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