Commercial National Financial Corporation (CEFC)

Heartland Financial USA Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	55	55.59	32.94	61.07	28.71	42.77
Investment Securities	81.84	58.8	86.35	103.09	96.06	66.33
Mortgage-Backed Securities	-	21.79	8.73	4.94	4.09	1.57
Total Investments	81.84	80.59	95.08	108.03	100.15	67.9
Gross Loans	383.77	395.65	417.4	411.29	451.57	409.11
Allowance for Loan Losses	-3.43	-3.48	-3.57	-4.15	-3.82	-4.22
Net Loans	380.34	392.17	413.83	407.14	447.75	404.89
Property, Plant & Equipment	9.86	10.04	9.25	8.8	8.48	8.15
Goodwill	-	3.1	3.1	3.1	3.1	3.1
Other Intangible Assets	-	0.15	0.23	0.3	0.38	0.46
Accrued Interest Receivable	-	2.17	2.17	1.96	1.73	1.18
Other Real Estate Owned & Foreclosed	-	0.23	-	-	-	0.11
Other Long-Term Assets	25.06	18.89	18.83	19.63	16.32	15.04
Total Assets	552.09	566.64	579.16	613.75	610.8	547.78
Accrued Expenses	-	2.54	3.16	3.17	2.91	2.48
Interest Bearing Deposits	484.98	365.45	363.26	387.39	379.62	319.26
Institutional Deposits	-	27.54	24.78	18.34	12.13	12.87
Non-Interest Bearing Deposits	-	105.51	113.61	133.01	123.31	118.76
Total Deposits	484.98	498.51	501.65	538.73	515.06	450.9
Current Portion of Long-Term Debt	-	3	-	-	-	-
Current Portion of Leases	-	0.04	-	-	-	-
Federal Home Loan Bank Debt, Long-Term	4	1	14	19	34.4	39.48
Long-Term Leases	-	0.6	-	-	-	-
Trust Preferred Securities	7.31	10.31	13.4	13.4	13.4	13.4
Other Long-Term Liabilities	3.42	0.12	0.15	0.13	0.14	0.18
Total Liabilities	499.71	516.11	532.35	574.44	565.91	506.44
Common Stock	52.39	20.52	20.52	20.52	20.52	20.52
Retained Earnings	-	37.91	34.26	30.01	24.15	20
Comprehensive Income & Other	-	-7.89	-7.97	-11.22	0.23	0.81
Shareholders' Equity	52.39	50.53	46.81	39.31	44.89	41.34
Total Liabilities & Equity	552.09	566.64	579.16	613.75	610.8	547.78
Total Debt	11.31	14.95	27.4	32.4	47.8	52.88
Net Cash (Debt)	45.19	42.38	11	40.05	5.8	17.85
Net Cash Growth	52.03%	285.34%	-72.54%	591.00%	-67.52%	-
Net Cash Per Share	11.42	10.69	2.77	10.10	1.46	4.50
Filing Date Shares Outstanding	3.92	3.97	3.97	3.97	3.97	3.97
Total Common Shares Outstanding	3.92	3.97	3.97	3.97	3.97	3.97
Book Value Per Share	13.37	12.74	11.80	9.91	11.32	10.42
Tangible Book Value	52.39	47.28	43.48	35.91	41.41	37.78
Tangible Book Value Per Share	13.37	11.92	10.97	9.06	10.44	9.53

Source: S&P Global Market Intelligence. Banks template. Financial Sources.