# HERITAGE FIRST BANK
GULF SHORES, AL · FDIC certificate 19023 · asset band <$300M · latest filing 2011-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $54.6M | |
| Deposits | $51.1M | |
| Loans and leases | $31.0M | |
| Total equity | $3.4M | |
| Loans / deposits | 58.37% (p26 of band) | 71.39% |
| Liquid assets / assets | 28.38% (p38 of band) | |
| Uninsured deposits / deposits | 4.45% (p27 of band) | 8.02% |
| Brokered deposits | 5.70% | |
| Wholesale funding | 5.70% (p67 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 5.99% (p4 of band) | 9.99% |
| Unrealized securities loss / equity | 3.39% (p48 of band) | 3.72% |
| AOCI / equity | 0.41% (p32 of band) | |
| ROA (annualized) | -3.16% (p2 of band) | 0.72% |
| Net interest margin | 3.78% (p45 of band) | 3.86% |
| Efficiency ratio | 115.26% (p94 of band) | |
| Noncurrent loans | 3.05% (p73 of band) | 1.48% |
| Net charge-offs (annualized) | 2.27% (p97 of band) | |
| Reserve coverage of noncurrent | 122.80% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 79.00% (p89 of band) | |
| Auto loans | $1.1M (3.43% of loans; DQ 1.41%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | – | |
| Employees | 19 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | leverage <7%, losing money, expense ratio p90, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 4 | charge-offs p90 | noncurrent p90, reserve under noncurrent |
| 2011-09 | 5 | capital falling |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2021-01-21 [First National Community Bank to merge with Heritage First - The Rome News-Tribune](https://news.google.com/rss/articles/CBMihAJBVV95cUxPV1FJWDJZeHc1VGNNbHo0dU5GMW9rRURDV2s0MmdrVE53QlZzOHVKU1MxS1lERHJ2VkhiYjlNT2RvV19jRXFSYXY2NTNkTWdBV09tT1FvYzhabDlBSHJ0WVZUV3M1LVUzaXpvdWdzR0JQbThpeEIyTGk2MGc2Y0JVYTA2Z2NQMGVsT3lCaHFuZXZCcG9uYkdiR21vczItNDhxY2ZfVjNVVFlueUhKUGZwemxCMk1oNVl4dGhmZVRZb2VBc0d5UEFFRHV4alhPUDJlU21Bak5WaGdiTkF5LUV0Q1VBSU5tYXczRFZxQ0FMUXVucEk1R0VsMzFHckZiSkNPOUlFRg?oc=5) · The Rome News-Tribune
- 2024-08-07 [Riding a strong regional economy, a Georgia bank plans more branches - American Banker](https://news.google.com/rss/articles/CBMipgFBVV95cUxOa3FvQkFxb250elFBemYwWG5FYzUwVWV4bUtENVF1SlliWmZKZFcwYUZ1SlFwU0wwbWgyZ1g3S2ZORkFNN0puUFlVbmtwOXV5R2RMNXVvT1hoOVFyN2J4bzlqakdWMnZTUFYwUDE3Qmh2QUtmN0FoU0hJZTdmcXRKendpQkxQZDlfVTFfdUEtS3Q0VXRJNjdVM3pyT1I2bWY2a3V6LWJB?oc=5) · American Banker
- 2010-06-07 [Crossville bank robbery under investigation - gadsdentimes.com](https://news.google.com/rss/articles/CBMiswFBVV95cUxPOTUyWVVNZHYwZGN2UWdwRDB0eFBKejVIUDNNUGN0WGlWaklRWWN3UWFUMV9NYjl6NHlWUlIxSDhfbnRSRnpkdGZ0ZDYzNV9yamVNbUtyOENwOElTVjlxODZXWjE0dnV6YllTOFBIVDdwRWd6NXRWaDF5c0NfaWVPd3JkT3pVektsLVFzQldqVjRDaHVlMlZOZl9EVEhVWWJPR0ZMS3JmNEV1Z0lkX2lZa3NUdw?oc=5) · gadsdentimes.com
- 2018-10-02 [Here are all of the banks that currently support Apple Pay - iMore](https://news.google.com/rss/articles/CBMid0FVX3lxTE9ZY3JkQUdrNTNjWmMzVFk2QXBlWExaRnI3bjVsQ28wVlFRWUc5TEVWMm5TWkZ6RmtKTTNZRUhKbExyS25yb2pnRTc5VklBeW13Mzk0aU9MWVNGbHpiMDJUM1pfOVFvdFhCdGpNLUJQVG9ybXYzNlc4?oc=5) · iMore
- 2010-06-05 [DeKalb County authorities search for Crossville bank robbery suspects - WAFF](https://news.google.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?oc=5) · WAFF
- 2026-09-06 [Milan Man Used Another Person’s Identity to Walk Away With $12,700 from Rome Bank - Coosa Valley News](https://news.google.com/rss/articles/CBMitgFBVV95cUxOb25CTmRHQW5rZ2tEVkpNdVNObDYzS1IwQ0cxc3E1c2sxVjlDX3pDcmZPN05PV1NHek9rTWd5S1IyM2ZSdjdyVS1VNks4aWNtNmZLeHVNNFJtWXJXZk8tLWxYdFpfRXZreWNRUWNVaVhHVTlwSUkwM0dWZ3piSHBJblRncy15QVFiaWZERHA2LUhtZ1ZPaEhnZWF6WjRyYUlfY09nMlVrNVR6UnFlQXN0THdDNXpBZw?oc=5) · Coosa Valley News
- 2013-12-18 [Ty Wilkes joins Heritage First Bank as vice president and lender - The Rome News-Tribune](https://news.google.com/rss/articles/CBMihAJBVV95cUxNOVdYcGZZQlFRQldqUm5zLTB1QVFEVUM0czdEUkpybW0xbUtqaFRKMVp0YTU2WjF3Q3ZSSjNQNEpWMlVnMWU0T3ZoSFBhTnI1b3NaeDRvZ19fY2k5RGNlUDNwektMZ0J4MEY5N2VZUmJMWjMycVF0bWxvVDZBdDFrdHI1U1NacDZnalFkV1VsMHM2TndsYnRkS1dkdnh5OEd5dE9sYThtNlU1VnlPNXNFRng3MnZDaWZyc2VORXktUnNDbElUVGZZZkd3OFIzRGVheGJXY3hIS2VtR19GWXJXNXJqUm1pemhXMEsxeTJSblgxZUt6d3BiUnZEcklHN1hJVFVncA?oc=5) · The Rome News-Tribune
- 2026-04-15 [Rome Woman Jailed for Bank Robbery - Coosa Valley News](https://news.google.com/rss/articles/CBMie0FVX3lxTE5xc1dYSmEzaHFKVDFnY1Vqc245QWU0WG13eW9mWG9tRm5CRVgyNW9FMmk3ZFJkd0h0TU5wQVJVeWJYdlE2dXZhRXhZMEM5UENlQlBybDdwbUtXbGd1UWt5SnhhNGtWMDQwb3pPMnFwTGM1cWhSUzcwa0xlRQ?oc=5) · Coosa Valley News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=19023 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/15.json (key "19023", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide