# HERITAGE BANK NATIONAL ASSN
SPICER, MN · FDIC certificate 19254 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 8 (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 | $361.1M | |
| Deposits | $286.3M | |
| Loans and leases | $308.2M | |
| Total equity | $37.9M | |
| Loans / deposits | 105.65% (p94 of band) | 82.04% |
| Liquid assets / assets | 11.32% (p7 of band) | |
| Uninsured deposits / deposits | 12.65% (p8 of band) | 25.97% |
| Brokered deposits | 3.80% | |
| Wholesale funding | 12.64% (p83 of band) | |
| FHLB advances / assets | 8.84% | |
| Tier 1 leverage | 10.81% (p50 of band) | 10.81% |
| Unrealized securities loss / equity | -3.94% (p68 of band) | -8.10% |
| AOCI / equity | -0.37% (p48 of band) | |
| ROA (annualized) | -0.02% (p3 of band) | 1.28% |
| Net interest margin | 3.78% (p42 of band) | 3.91% |
| Efficiency ratio | 106.18% (p98 of band) | |
| Noncurrent loans | 3.84% (p96 of band) | 0.43% |
| Net charge-offs (annualized) | 0.04% (p74 of band) | |
| Reserve coverage of noncurrent | 48.44% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 9.62% (p14 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -19.9% | |
| Employees | 89 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 0 |  | reserve under noncurrent |
| 2011-09 | 1 | reserve under noncurrent |  |
| 2011-12 | 3 | brokered >10%, wholesale funding >15% |  |
| 2012-03 | 3 | capital falling | reserve under noncurrent |
| 2012-06 | 3 | reserve under noncurrent | capital falling |
| 2012-09 | 2 |  | reserve under noncurrent |
| 2012-12 | 2 |  |  |
| 2013-03 | 4 | deposits shrinking, assets shrinking |  |
| 2013-06 | 5 | reserve under noncurrent, uninsured deposits leaving | wholesale funding >15% |
| 2013-09 | 5 | wholesale funding >15% | uninsured deposits leaving |
| 2013-12 | 3 |  | deposits shrinking, assets shrinking |
| 2014-03 | 4 | capital falling |  |
| 2014-06 | 2 |  | wholesale funding >15%, capital falling |
| 2014-09 | 3 | wholesale funding >15%, deposits shrinking | brokered >10% |
| 2014-12 | 4 | brokered >10% |  |
| 2015-03 | 3 | capital falling | reserve under noncurrent, deposits shrinking |
| 2015-06 | 3 |  |  |
| 2015-09 | 3 | reserve under noncurrent | capital falling |
| 2015-12 | 3 | assets shrinking, uninsured deposits leaving | wholesale funding >15%, reserve under noncurrent |
| 2016-03 | 3 | wholesale funding >15%, charge-offs p90 | assets shrinking, uninsured deposits leaving |
| 2016-06 | 1 | assets shrinking | brokered >10%, wholesale funding >15%, charge-offs p90 |
| 2016-09 | 2 | loans exceed deposits, wholesale funding >15% | assets shrinking |
| 2016-12 | 0 |  | loans exceed deposits, wholesale funding >15% |
| 2017-03 | 2 | expense ratio p90, deposits shrinking |  |
| 2017-06 | 1 | loans exceed deposits | expense ratio p90, deposits shrinking |
| 2017-09 | 3 | capital falling, noncurrent p90, reserve under noncurrent | loans exceed deposits |
| 2017-12 | 2 | loans exceed deposits | noncurrent p90, reserve under noncurrent |
| 2018-03 | 4 | noncurrent p90, reserve under noncurrent |  |
| 2018-06 | 5 | expense ratio p90, charge-offs p90 | loans exceed deposits |
| 2018-09 | 4 |  | charge-offs p90 |
| 2018-12 | 4 |  |  |
| 2019-03 | 5 | charge-offs p90, uninsured deposits leaving | capital falling |
| 2019-06 | 4 |  | charge-offs p90 |
| 2019-09 | 2 |  | expense ratio p90, uninsured deposits leaving |
| 2019-12 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving | noncurrent p90 |
| 2020-03 | 6 | expense ratio p90, noncurrent p90, charge-offs p90 | uninsured deposits leaving |
| 2020-06 | 5 | loans exceed deposits, wholesale funding >15% | assets shrinking, expense ratio p90, charge-offs p90 |
| 2020-09 | 3 |  | deposits shrinking, noncurrent p90 |
| 2020-12 | 1 |  | loans exceed deposits, wholesale funding >15% |
| 2021-03 | 2 | charge-offs p90 |  |
| 2021-06 | 3 | assets shrinking |  |
| 2021-09 | 2 |  | reserve under noncurrent |
| 2021-12 | 1 |  | assets shrinking |
| 2022-03 | 3 | deposits shrinking, assets shrinking |  |
| 2022-06 | 3 | loans exceed deposits | assets shrinking |
| 2022-09 | 3 |  |  |
| 2022-12 | 4 | uninsured deposits leaving |  |
| 2023-03 | 3 | losing money, noncurrent p90 | deposits shrinking, loans exceed deposits, uninsured deposits leaving |
| 2023-06 | 6 | loans exceed deposits, liquid assets <10%, capital falling |  |
| 2023-09 | 7 | brokered >10%, wholesale funding >15% | noncurrent p90 |
| 2023-12 | 8 | construction >100% equity, uninsured deposits leaving | liquid assets <10% |
| 2024-03 | 5 |  | losing money, loans exceed deposits, uninsured deposits leaving |
| 2024-06 | 5 | loans exceed deposits | capital falling |
| 2024-09 | 9 | noncurrent p90, reserve under noncurrent, deposits shrinking, assets shrinking, uninsured deposits leaving | construction >100% equity |
| 2024-12 | 8 |  | loans exceed deposits |
| 2025-03 | 7 |  | charge-offs p90 |
| 2025-06 | 9 | expense ratio p90, charge-offs p90 |  |
| 2025-09 | 8 |  | uninsured deposits leaving |
| 2025-12 | 8 |  |  |
| 2026-03 | 6 | losing money | brokered >10%, wholesale funding >15%, charge-offs p90 |
| 2026-06 | 8 | loans exceed deposits, uninsured deposits leaving |  |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=19254 (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/54.json (key "19254", 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