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Heartland BancCorp

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Industry Banks - Regional
Employees 51-200
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FY2014 Annual Report · Heartland BancCorp
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After 20 Years of Service, we thank and honor
Executive Vice President and Chief Financial Officer, George R. Smith,
for his dedication, leadership and wisdom. 
Good luck in your upcoming retirement!

2014

Annual Report

Heartland BancCorp

Parent Company of Heartland Bank

A message from the
President

G. Scott McComb

April 2, 2015

Dear Fellow Shareholders,
Great teams win together!

I am pleased to report that 2014 was another banner year for Heartland 
BancCorp as assets, profitability, our branch system, and dividends all 
grew. We  continue  to  tell  the  Heartland  Story  and  garner  support  of 
yOur  communities  through  the  promotion  of  HLAN  BancCorp  stock 
as an investment in the local capital. Our local economy continues to 
grow following job creation and the natural benefits found in the great 
state of Ohio. We continued growth of our team of community bankers 
from within and are gaining national and local accolades for our results. 
This year we honor and thank George Smith for his dedication and loyal 
service to our company as he enters retirement.

The  central  Ohio  economy  has  continued  to  expand  through 
revitalization, the creation of new jobs, a bustling service economy, and 
the  continued  success  of  the  region.  Retaining  more  of  Ohio’s  young 
adults has led to expansion of businesses inside the city’s core, sparking 
growth in formerly underdeveloped areas of town. The addition of jobs 
in the shale oil and natural gas industries in eastern Ohio has produced 
increased cash flow for residents who in turn make Columbus’ economy 
thrive.  Logistics  activities  and  the  Fortune  1000  companies  in  the 
area  have  had  another  good  year  boding  well  for  the  local  economy. 
This  creates  an  environment  for  growth  and  opportunity  to  cultivate 
relationships,  which  we  have  been  successful  in  capitalizing  on  this 
year.  Asset  growth  of  18%,  profit  growth  of  13%,  deposit  growth  of 
9%  and  dividend  growth  of  5%  made  for  a  great  year. The  bank  also 
continued its branch expansion with the establishment of a facility in 
Pickerington  which  opened  in  early  2015.  More  financial  information 
and performance ratios can be found on the next page.

Even a third string quarterback can be a superstar when you surround 
him  with  talent  -  just  ask  anyone  in  the  nation  after  our  Buckeyes’ 
performance in the National Championship game last year. Our team’s 
continued  ability  to  grow  talent  from  within  is  paying  dividends 
while retaining and growing customers. Heartland was honored to be 
recognized as one of “Central Ohio’s Best Places to Work” by Columbus 
Business First Magazine. We also continued a four year presence in the 

nation’s Top 200 Community Banks and Thrifts List by American Banker 
Magazine, coming in at #86.

Our  bankers  call  it  the “Heartland  Way”  and  strive  hard  to  hold  one 
another  accountable  for  quality  and  excellence  in  their  daily  duties. 
Our people are our core strength and working together, they are a very 
effective community bank team. Each knows their role, that we are in 
this  together,  that  together  we  all  achieve  more,  and  our  clients  and 
shareholders come first.

Until  now,  the  bank’s  Founder, Tiney  M.  McComb,  has  been  the  only 
person  featured  on  the  cover  of  this  annual  report.    I  thought  it  very 
appropriate to honor George R. Smith on the cover of this 2014 Annual 
Report  as  he  enters  retirement  after  20  years  of  service  to  Heartland 
Bank.  All those years ago, Tiney needed a partner he could count on to 
lead the entire operations and accounting areas of the bank.  He needed 
someone who would work hard and selflessly serve the shareholders, 
manage risk and costs, as well as provide the analytical counterpart to 
complement Tiney’s sales, growth and marketing acumen. George has 
served us with an impeccable record of accuracy and professionalism, 
a revered style of diplomacy and tact, and compassion for his team. On 
behalf of Heartland Bank and Heartland BancCorp, thank you George 
and Lynne Smith.

As our Buckeyes have taught us, we can lose a key player and still be 
on  top  if  the  team  believes  in  itself  and  acts  in  concert  as  one.  Next 
community banker up.

Thank  you  for  investing  in  yOur  community  and  for  your  continued 
patronage and support.

Sincerely,

G. Scott McComb
Chairman, President and CEO

THE YEAR IN REVIEW

75%

Deposit Growth in
Downtown Market

2014 Best
Places to Work List
by Columbus Business First Magazine 

Commercial 
Loan Production

#86 on 2014 Top 200
Community Banks & 
Thrifts List

State of Ohio
Ranking

#5

SBA Production List
504 & 7A Loans

Opened second satellite 
office at Worthington 
Christian Village

Launched Mobile
Deposit

Make Deposits Anytime.
Anywhere.
Sign. Snap. Deposit from any mobile 
phone.

Named

#2Fastest Growing Bank

(year over year by Deposit Growth Percentage)

by Columbus Business
First Magazine 

Bauer 5-Star
Superior Rating
Highest ranking for financial 
strength and security.

SBA 504 Bank 
of the Year
Economic 
Development
For Fiscal Year 2014
for their support of Small 
Business Lending and the U.S. 
SBA 504 Loan program

CCDC

Community
Capital
Development
Corporation

$140 M

$120 M

$100 M

$80 M

$60 M

$40 M

$20 M

2012

2013

2014

Downtown 
Branch 
Relocation

101 South High Street 

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2014 FINANCIAL REVIEW
This  past  year  marked  an  unequaled  period  of 
operations in which Heartland BancCorp  earned 
near record levels of net income and earnings per 
common share. Net income for the year increased 
17% to $6.1 million or $3.87 per diluted share, an 
increase of $.53 or 16% from $3.34 per share in the 
prior year.  Return on average assets and average 
equity  were  .99%  and  10.57%  respectively  for 
the year and compare to .91% and 9.54% for the 
prior  year.  The  improved  operating  results  were 
further driven by continued improvement in asset 
quality, resulting in the reduction of the loan loss 
provision expense by $715 thousand, down 36% 
compared to the previous year.  The year ended 
with  strong  liquidity  and  exceeded  all  levels  of 
regulatory  capital  requirements.  Capital  levels 
were  further  strengthened  during  2014  as  the 
result of these higher earnings.

Overview of Operations:
Net  interest  income  (before  provision  for  loan 
loss) for the year ended December 31, 2014 was 
$22.8  million,  up  10%  or  $2.1  million  compared 
to  2013.  Interest  income  of  $25.7  million  for 
2014  increased  $1.8  million  or  8%  while  interest 
expense  on  deposits  and  borrowings  declined 
$249  thousand  or  8%  in  2014  compared  to 
2013.    The  8%  decline  in  interest  expense  in 
2014,  compared  to  2013,  results  from  changing 
our  deposit  mix  to  a  higher  level  of  transaction 
accounts, resulting in lower cost deposits coupled 
with favorable deposit pricing in a lower sustained 
interest rate environment, reducing both deposit 
and  borrowing  costs.    The  expectation  of  an 
improving  economy  and  continuing  lower  level 
of non-accrual loans, combined with the need to 
establish reserves for loan growth, led Heartland 
Bank  to  record  a  provision  for  loan  loss  of  $1.3 
million  in  2014.  The  addition  to  our  allowance 
for  loan  loss,  less  $581  thousand  of  net  loan 
charge-offs,  resulted  in  a  net  increase  of  $674 
thousand to the allowance which ended the year 
at  $5.4  million.  The  allowance  as  a  percent  of 
loans outstanding was 1.07% at the end of 2014 
representing  a  decline  of  4%  from  1.11%  at  the 

end  of  2013.  Net  interest  income  after  provision 
for loan loss totaled $21.6 million, up $2.8 million 
or  15%  in  2014  compared  to  2013  as  a  result  of 
the combined factors noted above.

Noninterest  income  of  $3.1  million  for  2014 
declined  $541  thousand  or  15%  compared  to 
2013.   The  lower  level  of  non-interest  income  in 
2014  was  due  primarily  to  net  gains  realized  on 
the sale of available-for-sale investment securities 
from  the  Bank’s  investment  portfolio  totaling 
$687 thousand in 2013, which was $550 thousand 
higher  than  gains  from  the  sales  of  securities  of 
$137 thousand in 2014.

Noninterest  expense  was  $16.3  million  for  2014, 
up  $752  thousand  or  5%  over  non-interest 
expense  of  $15.6  million  in  the  prior  year.   Total 
salary  and  employee  benefit  expense  increased 
$937  thousand  or  11.2%  in  2014  compared  to 
2013.    The  higher  employee  related  expense 
increased  staffing 
was  due  substantially  to 
in  the  lending  area  supporting  the  18%  total 
loan  growth  in  2014.  State  of  Ohio  Financial 
Institutions taxes totaling $373 thousand in 2014 
declined  $246  thousand  or  40%  reflecting  the 
change  from  the  former  State  of  Ohio  Franchise 
taxes which totaled $620 thousand in 2013. FDIC 
insurance  premiums  declined  $137  thousand 
or  29%  reflecting  improved  loan  quality  in  2014 
versus 2013.  

Financial Condition:
Total  assets  outstanding  increased  significantly 
during  2014,  ending  the  year  at  $649.7  million, 
up $69.3 million or 12% over December 31, 2013 
assets  of  $580.4  million.    Net  Loans  outstanding 
as  of  December  31,  2014  were  $498.6  million 
up  $75.7  million  or  18%  from  $423.0  million  at 
loans 
December  31,  2013.  Total  Commercial 
increased $74.6 million, up 24% as of December 
31,  2014.  Commercial  (non-real  estate)  loans 
totaled  $45.7  million,  up  16%,  while  commercial 
real  estate  loans  of  $333.4  million  increased 
26%  during  2014.    Retail  loans  outstanding  at 
December  31,  2014  totaled  $124.9  million,  an 

increase of 2% over 2013.  Residential real estate 
loans of $91.1 million at December 31, 2013 grew 
3%  during  2014  compared  to  growth  of  $11.2 
million or 11% in 2013 reflecting a lower level of 
refinance activity in 2014 compared to 2013.

Overall asset quality continued to improve during 
2014  with  non-performing  assets  declining  to 
.82%,  down  48  basis  points  from  1.30%  as  of 
December 31, 2013.

Heartland  funds  earning  asset  growth  through 
its  branch  network’s  ability  to  generate  deposit 
relationships,  while  borrowings  have  historically 
been  maintained  at  insignificant  levels.    Total 
deposits  at  December  31,  2014  were  $556.2 
million, up 13% from $490.8 million at December 
31,  2013.  A  key  element  of  Heartland’s  deposit 
strategy  continues  to  be  focused  on  growing 
commercial and retail transaction accounts while 
continuing to reduce our dependence on public 
funds  and  larger  non-core  certificate  of  deposit 
accounts.

Shareholders’ Equity:
Total  shareholders’  equity  remained  strong, 
growing 12% to $60.7 million from $54.2 million 
at year-end 2013. Based upon shares outstanding, 
the book value of Shareholders’ equity increased 
12% from $35.00 at year-end 2013 to $39.05 per 
share at December 31, 2014. Among the financial 
strengths  of  Heartland  BancCorp  is  its  capital 
position, which exceeds regulatory guidelines and 
compares favorably to our peers and other Ohio 
based banks.  Tier 1 leverage, Tier 1 risk based and 
Total risk based capital ratios were 9.11%, 12.71%, 
and 13.86% respectively as of December 31, 2014.  
Regulatory  requirements  for  a  “well-capitalized 
bank”  are  5%,  6%,  and  10%  for  Tier  1  leverage; 
Tier 1 risk based and Total risk based capital ratios 
respectively.  In 2014, Heartland BancCorp paid a 
dividend of $1.40 per share, representing a yield 
of 3.60% on the weighted average market price of 
$38.93 per share for 2014. Dividends paid resulted 
in a dividend payout ratio of 36.21% for 2014.

Heartland BancCorp
Consolidated Balance Sheets
December 31, 2014 and 2013

Heartland BancCorp
Consolidated Statements of Income
Years Ended December 31, 2014 and 2013

Assets 

Cash and cash equivalents 

  Available-for-sale securities 

  Held-to-maturity securities, fair value  

$6,914,217 and $6,928,702 at December 31, 2014 
 and 2013, respectively 

Loans, net of allowance for loan losses of 

$5,350,637 and $4,676,231 at December 31, 2014  
and 2013, respectively 

Premises and equipment 

  Nonmarketable equity securities 

Foreclosed assets held for sale 

Interest receivable 

  Goodwill 

  Deferred income taxes 

  Other   

Total assets 

Liabilities and Shareholders’ Equity

Liabilities

  Deposits

  Demand 

2014 

2013

Interest Income 

$  22,561,068  

$  15,943,266

  101,479,692 

   112,421,722

Loans  

Securities

Taxable 

Tax-exempt 

 6,454,963 

 6,626,777

  Other   

  498,585,125 

  422,967,223

12,653,144 

11,969,597

2,655,439 

108,082 

1,803,108 

417,353 

1,881,258 

1,083,056 

1,889,950

1,616,294

1,807,632

417,353

2,600,821

2,097,943

$  649,682,288 

$  580,358,578

Total interest income 

Interest Expense

  Deposits 

Borrowings 

Total interest expense 

Net Interest Income 

Provision for Loan Losses 

Net Interest Income After Provision for Loan Losses 

Noninterest income

Service charges 

  Net Gains and commissions on loan sales  

  Net realized gains on sales of available-for-sale securities 

  Net realized gain/(loss) on sales of foreclosed assets 

$  108,394,566 

$  82,076,014

  Other    

2014 

2013

$ 22,767,132 

$  20,600,599

  1,256,494 

  1,626,882 

47,837 

  1,454,271

  1,792,899

42,375

  25,698,345 

  23,890,144

  2,834,757 

  2,868,355

16,601 

232,171

  2,851,358  

  3,100,526  

  22,846,987 

  1,255,000 

  21,591,987 

  20,789,618

  1,970,000

  18,819,618

  1,980,529 

  1,949,909

121,695 

136,701 

209,901 

657,126 

70,045

687,248

(29,129)

968,914

Saving, NOW and money market 

  203,367,315 

  188,825,641

Total noninterest income 

  3,105,952 

  3,646,987

Time 

Total deposits 

Short-term borrowings 

Interest payable and other liabilities 

Total liabilities 

  244,394,645 

  219,921,798

  556,156,526 

  490,823,453

28,395,316 

4,421,322 

31,136,220

4,152,059

  588,973,164 

  526,111,732

Shareholders’ Equity

Common stock, without par value; authorized 
5,000,000 shares;  issued 2014 - 1,554,457 
shares, 2013 - 1,549,922 shares 

Retained earnings 

  Accumulated other comprehensive income (expense) 

Total shareholders’ equity 

23,558,806 

36,160,565 

989,753 

60,709,124 

23,355,806

32,287,838

(1,396,798)

54,246,846

Total liabilities and shareholders’ equity 

$  649,682,288 

$  580,358,578

  Book value per share 

$ 

39.05 

$ 

35.00 

Noninterest Expense

Salaries and employee benefits 

  Net occupancy and equipment expense 

  Data processing fees 

Professional fees 

  Marketing expense 

Printing and office supplies 

State financial institution tax 

FDIC Insurance premiums 

  Other   

Total noninterest expense 

Income before Income Tax 

Provision for Income Taxes 

Net Income 

Basic Earnings Per Share 

Diluted Earnings Per Share 

  9,294,269 

  1,706,778 

  1,018,464 

772,812 

598,036 

165,248 

373,224 

342,089 

  2,060,441 

  16,331,361 

  8,366,578 

  2,285,364 

$   6,081,214 

$ 

$ 

3.92 

3.87 

  8,357,754

  1,780,983

926,392

785,666

346,260

161,958

619,566

478,982

  2,121,609

  15,579,170

  6,887,435

  1,671,275

$   5,216,160

$ 

$ 

3.38

3.34 

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TAKING STOCK IN HEARTLAND
When you buy shares in Heartland BancCorp, you’re supporting an entire community and a trusted institution that shares your values of hard work, 
personal commitment, community support and sound financial practices.

KEEPING YOUR COMMUNITY SMILING

Joyce Strong
Joyce Strong Ministries

“I opened my ministry account at Heartland Bank as soon as we moved here in 2000. Heartland immediately 
became my ‘banking family’. The bank is not only a respectful and professional business partner, but a good 
friend. Banking at Heartland is hassle-free! The staff members at the Gahanna branch sort out the foreign wires 
I have to send to support the orphanage in Kenya as well as pay for book translations and printing in Africa and 
Russia. Even though my ministry is small, Heartland places high value on me and my needs as a client. I could not 
ask for a more pleasant, professional and personal place to do my banking!”

Invest in 
    yOur  
        community.

Heartland BancCorp
Total Return Performance

Heartland BancCorp
Total Return Performance

Heartland BancCorp
SNL Bank Pink >$500 M
SNL Midwest Bank

275

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225

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125

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12/2010

12/2011

12/2012

12/2013

12/2014

This graph depicts the yearly percentage change in Heartland BancCorp’s cumulative total 
shareholder  return  against  the  cumulative  return  of  the  SNL  Bank  Pink  Sheet  index  of 
banking institutions over $500 million in total assets and the SNL Midwest Bank  index over 
the last 5-year  fiscal periods.  Calculations include the reinvestment of dividends and are 
indexed to the base year measurement point (closing price on the last trading day before the 
beginning of the registrant’s fifth preceding fiscal year).

Heartland BancCorp
SNL Bank Pink >$500 M
SNL Midwest Bank

275

250

225

200

175

150

125

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12/2010

12/2011

12/2012

12/2013

12/2014

This graph depicts the yearly percentage change in Heartland BancCorp’s cumulative total 
shareholder  return  against  the  cumulative  return  of  the  SNL  Bank  Pink  Sheet  index  of 
banking institutions over $500 million in total assets and the SNL Midwest Bank  index over 
the last 5-year  fiscal periods.  Calculations include the reinvestment of dividends and are 
indexed to the base year measurement point (closing price on the last trading day before the 
beginning of the registrant’s fifth preceding fiscal year).

HLAN

Heartland BancCorp is currently quoted on the-over-the-counter (OTC) Bulletin Board Service under the symbol HLAN.

INTERESTED
IN BECOMING 
A SHARE-
HOLDER?

To learn more about Heartland BancCorp shares, please contact one of the following:

• Scott McComb, Chairman, President and CEO of Heartland Bank or
    Jennifer Eckert, Vice President, Compliance Officer and Corporate Secretary (614) 337-4600

• Your Financial Advisor

• Heartland Investment Services (614) 839-2265

HEARTLAND BANCCORP
Visit us online at ir.HeartlandBank.com

Statements made are a reflection of past performance of the bank and holding company and should not be considered a projection of future performance.  Investments involve varying degrees of risk, including 
possible loss of principal.  Funds held in corporate stock are not considered a deposit of the bank or bank holding company, not guaranteed by the bank or holding company and are not insured by the FDIC or any 
government agency and may lose value.

Claudia Foss
District Manager at
Arbonne International

Eric Bean
Owner and Brewmaster
Columbus Brewing Company 

Tom P. Halliday, DVM
Owner of Animal Care Center 
at Cherry Way 

Mark Ruff
Owner
Ruff Farms in Circleville 

“Heartland Bank was the 
perfect choice for us! Unlike 
the national banks we’ve used 
before, Heartland has a quicker 
response time and we’ve become 
dependent on the personal 
relationships we’ve developed 
with many of their employees 
and even with the President of 
the bank, Scott McComb.  We 
also like the fact that Heartland 
Bank was founded on a rural 
infrastructure and has a grass-
roots community feel.”

“We had a vision for the future 
of our company, but no plan. 
Heartland Bank helped us 
realize what was possible and 
then worked with us to make it 
happen. Heartland is not just our 
bank, they are our partners!”

“I financed my practice 
through Heartland Bank. 
Their competitive rates and 
terms, along with the excellent 
customer service, have allowed 
me to grow and improve my 
practice with the confidence 
that they are looking after my 
interests.”

“One of the things that I am very 
impressed with is the high level 
of service and products that 
are available, like that of a large 
bank, but Heartland has the feel 
of a small-town community bank 
with its personable, helpful, and 
courteous staff.  The people of 
Heartland make you feel good 
about banking there.”

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Columbus Crew SC 
Partnership
Successful launch of Crew SC branded 
debit and credit card programs

Cheer on the Crew MasterCard 
promotion with $5,000 prize awarded 
at final match of Crew SC season

Partner Activation of the Year Award

Endorsement with Crew SC Midfielder 
Wil Trapp #20, Heartland’s inaugural 
professional spokesperson

CONNECTING WITH OUR COMMUNITIES

Heartland Bank Sponsored Events

A Tradition of Giving 

Grove City Arts in the Alley

CD102.5 For The Kids

Hartford Fair

Columbus Crew Soccer Foundation

Pelotonia

Relay For Life

Johnstown Fireman’s Festival

Croton Church of Christ Food Pantry

Reynoldsburg Helping Hands Food Pantry

North Market’s Craft Brew Festival

Reynoldsburg Tomato Festival

Summer Jam at Westgate Park

Dublin Food Pantry

Faith Mission

Schilling Family Fundraiser for Juvenile Diabetes

St. Matthews Catholic Church - Gahanna

Foundation for Appalachian Ohio

Steps for Sarcoma

Westerville Music & Arts Festival

Freedom School, Croton

Susan G Komen Race For The Cure

Employee Initiatives
104.9 The River’s Mission Backpack

Gahanna Residents in Need (G.R.I.N.)

The Open Shelter

Grove City Food Pantry Emergency Services, Inc.

UNCF Walk for Education

Johnstown Food Pantry

United Way of Central Ohio

17th annual Heartland Bank Charity Golf Classic

Licking County Animal Shelter

Girl Scouts Financial Literacy

Johnstown Monroe’s Searfoss Elementary School 
4th grade Financial Literacy

8th Annual Money Matters Free Financial Summit

Tiney’s Team Pelotonia ride for cancer research

Silent Auction at annual Holiday Party to benefit 
local food banks and non-profits

LifeTown Lessons for Life 

Lutheran Social Services Food Pantry

March of Dimes - March for Babies

Masonic Learning Centers for Children with 
Dyslexia 

Ohio 4-H Celebration of Youth

PALS, A Chrysalis Health Company

Victory Ministries for Children’s Outreach 
Program

Westerville Area Resource Ministry (W.A.R.M.)

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2014 at a Glance
Episode of History Channel’s ‘America Unearthed’ 
taped at corporate office in Gahanna

Heartland Bank RV made appearances at both Ohio 
State football and Columbus Crew SC games, local 
parades and festivals, and youth soccer events in 
central Ohio

Participated in Farm Science Review in London, 
Ohio, to launch Agribusiness program

COLUMBUS CREW SC FOUNDATION 
check presentation

HEARTLAND BANK RV 
at Gahanna Lions Club Fourth of July Parade

CEREAL BOX COLLECTION
for Gahanna Residents in Need

TEACHING FINANCIAL LITERACY
at Searfoss Elementary School

FARM SCIENCE REVIEW
Agribusiness Program Kick-off

WESTERVILLE MUSIC & 
ARTS FESTIVAL

WIL TRAPP
Columbus Crew SC #20

MONEY MATTERS 
Heartland’s Free Financial Summit

75-100 MILE PELOTONIA RIDE 
to support cancer research

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HEARTLAND BANK SENIOR MANAGEMENT

Our Senior Management team represents what Heartland Bank is all about:  people and the relationships we build as a community bank.  Each member not only 
brings detailed insight, knowledge and expertise to Heartland Bank, but also a passion for helping our customers and communities plan, grow and succeed.

HEARTLAND BANCCORP AND BANK DIRECTORS

Arthur G.H. Bing M.D., Plastic & Reconstructive Surgeon (Not Pictured)

William A. Dodson, Jr., EVP/Community Relations Director, Rhema Christian Center

Steven C. Hines
EVP, Chief Operating Officer

George R. Smith
EVP, Chief Financial Officer

Carrie L. Almendinger
Senior VP, Controller

David P. Curby
Senior VP, Mortgage Lending

Jay B. Eggspuehler, Esq., Isaac Wiles

Jodi L. Garrison, CPA, Partner, Hirth, Norris & Garrsion, LLP

John R. Haines, Retired, John R. Haines Insurance Agency

David C. Kotary, Senior Vice President, Brower Insurance

Gerald K. McClain, President, The Jerry McClain Company, Inc.

G. Scott McComb, Chairman, President and CEO

Robert C. Overs, EVP & COO, Technical Rubber Company, Inc.

Gary D. Paine, Owner, Pilot Freight Services

William J. Schottenstein, Principal, Arshot Investment Corporation

Richard A. Vincent, President & CEO, Osteopathic Heritage Foundation and Osteopathic Heritage 

Foundation of Nelsonville

DIRECTORS EMERITUS
I. Robert Amerine,  Chairman,  
American Apex Corporation

Jack J. Eggspuehler, President, Aerosafe, Inc.

Tiney M. McComb,  Founder,  

Heartland BancCorp

Cheryl C. Poulton, Executive Chairman,  

Tech International

HEARTLAND BANCCORP 
OFFICERS
G. Scott McComb, Chairman, President and CEO

Jay B. Eggspuehler, Esq., Vice Chairman 

Jodi L. Garrison, Secretary

G. Scott McComb
Chairman, President and CEO

Board of Directors ‚

George R. Smith, Executive Vice President,  

Chief Financial Officer

William A. Daily, Jr.
Senior VP, Commercial
Lending Manager

Benjamin J. Babcanec
VP, Retail Sales Manager

Joseph A. Duffey
VP, Director of
Credit Administration

Jennifer L. Eckert
VP, Compliance Officer,
Corporate Secretary

Ashley A. Trout
VP, Retail Operations Manager

Mindy N. King
AAO, Director of
Human Resources

Gretchen A. Hof
AO, Director of Marketing

Mark J. Posey
VP, Director of Investment 
Services,  Heartland;  
Investment Executive, Infinex

HEARTLAND INVESTMENT 
SERVICES
Mark J. Posey 

VP, Director of Investment Services, Heartland; 

Investment Executive, Infinex

HEARTLAND INSURANCE 
SERVICES
Agent Representation 

Brower Insurance: a Marsh & McLennan 
Agency, LLC. Company

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12 Heartland Locations to Serve You

1

2

5

14

13

INTERSTATE

71

9

7

10

4

11

8

INTERSTATE

70

6

NEWARK

3

INTERSTATE

270

12

Call Us Today 
  (1)  Croton 740-893-2191 
  (4)  Wilson Road 614-351-2100 
  (7)  Gahanna 614-337-4605 
 (10)  Stygler Road 614-475-7024 

(2)  Johnstown 740-967-6500 
(5)  Dublin 614-798-8818 
(8)  Reynoldsburg 614-416-0400 
(11)  Capitol Square 614-416-0244 

(3)  Grove City 614-875-1884
(6)  Newark 740-349-7888
(9)  Westerville 614-839-2265
(12)  Pickerington 614-321-4919

 (13)  Worthington Christian Village 614-846-6076 

(14)  Friendship Village of Dublin 614-923-0575

General Info
Heartland  BancCorp  is  a  registered  Ohio  bank  holding  company  and  the 
parent of Heartland Bank, which operates twelve full-service banking offices. 
Heartland  Bank,  founded  in  1911,  provides  full  service  commercial,  small 
business, and consumer banking services; alternative investment services; 
insurance  services;  and  other  financial  products  and  services.  Heartland 
Bank is a member of the Federal Reserve, a member of the FDIC and an Equal 
Housing Lender. 

Mission Statement
It  is  Heartland  Bank’s  mission  to  provide  the  best  personalized  financial 
services  at  competitive  prices  for  the  economic  growth  and  well  being 
of individuals and businesses within our communities. This goal shall be 
accomplished through well-trained, caring employees with unquestionable 
integrity,  who  practice  sound  and  innovative  banking  principles,  which 
will maximize bank profits and growth. 

Heartland Bank’s Shared Values
•   Superior service is our highest priority
•   Productivity is an integral part of our corporate strategy
•   Team players receive the highest rewards
•   Quality is rewarded as well as quantity
•   Rewards will include advancement, recognition and/or incentive 

compensation

•   Through access to accurate information, we will strive to keep ourselves and 

our customers informed

•   We will constantly seek to improve how we are perceived by our 

customers

•   We will empower our employees to perform their duties in a 

responsible manner

•   We will seek to know our cost of doing business
•   We encourage the exploring of new ideas
•   Our business is to provide customer satisfaction profitability
•   We value loyalty, honesty and integrity in our relationships
•   We are committed to the enrichment of our local communities through 

our involvement

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Member FDIC    I            Equal Housing Lender

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