# HERITAGE BANK
HINESVILLE, GA · FDIC certificate 193 · asset band $300M-1B · latest filing 2019-06 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (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 | $584.1M | |
| Deposits | $522.3M | |
| Loans and leases | $383.9M | |
| Total equity | $59.0M | |
| Loans / deposits | 72.48% (p23 of band) | 85.79% |
| Liquid assets / assets | 25.93% (p60 of band) | |
| Uninsured deposits / deposits | 10.55% (p9 of band) | 21.31% |
| Brokered deposits | 0.41% | |
| Wholesale funding | 0.41% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.00% (p14 of band) | 10.63% |
| Unrealized securities loss / equity | -2.43% (p3 of band) | 0.67% |
| AOCI / equity | 4.26% (p78 of band) | |
| ROA (annualized) | 0.86% (p30 of band) | 1.11% |
| Net interest margin | 4.26% (p80 of band) | 3.74% |
| Efficiency ratio | 73.86% (p74 of band) | |
| Noncurrent loans | 0.92% (p70 of band) | 0.53% |
| Net charge-offs (annualized) | 0.28% (p94 of band) | |
| Reserve coverage of noncurrent | 152.31% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 86.76% (p86 of band) | |
| Auto loans | $1.4M (0.36% of loans; DQ 1.25%, NCO 0.00%) | |
| Loans to nondepository financials | $1.0M (2% of equity) (p91 of band) | |
| Deposits YoY | 6.8% | |
| Employees | 183 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 10 | brokered >10%, wholesale funding >15%, leverage <7%, leverage <5%, losing money, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 10 |  |  |
| 2011-09 | 10 |  |  |
| 2011-12 | 11 | capital falling |  |
| 2012-03 | 15 | expense ratio p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 14 |  | wholesale funding >15% |
| 2012-09 | 14 |  |  |
| 2012-12 | 14 |  |  |
| 2013-03 | 10 |  | losing money, capital falling, expense ratio p90, uninsured deposits leaving |
| 2013-06 | 9 |  | brokered >10% |
| 2013-09 | 11 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2013-12 | 11 |  |  |
| 2014-03 | 8 |  | charge-offs p90, AOCI drag >20% of equity, securities losses >30% of equity |
| 2014-06 | 8 |  |  |
| 2014-09 | 6 |  | leverage <5% |
| 2014-12 | 7 | charge-offs p90 |  |
| 2015-03 | 8 | losing money |  |
| 2015-06 | 9 | leverage <5%, capital falling | deposits shrinking, assets shrinking |
| 2015-09 | 6 |  | leverage <5%, capital falling |
| 2015-12 | 6 |  |  |
| 2016-03 | 5 |  | losing money |
| 2016-06 | 5 | losing money, deposits shrinking | leverage <7%, construction >100% equity |
| 2016-09 | 5 | expense ratio p90 | deposits shrinking |
| 2016-12 | 4 |  | losing money |
| 2017-03 | 2 |  | charge-offs p90, expense ratio p90 |
| 2017-06 | 2 |  |  |
| 2017-09 | 5 | losing money, expense ratio p90, charge-offs p90 |  |
| 2017-12 | 6 | capital falling |  |
| 2018-03 | 3 | assets shrinking, uninsured deposits leaving | noncurrent p90, losing money, expense ratio p90, charge-offs p90, capital falling |
| 2018-06 | 5 | construction >100% equity, deposits shrinking |  |
| 2018-09 | 2 |  | reserve under noncurrent, assets shrinking, deposits shrinking |
| 2018-12 | 2 | reserve under noncurrent | uninsured deposits leaving |
| 2019-03 | 4 | capital falling, charge-offs p90 |  |
| 2019-06 | 1 |  | construction >100% equity, reserve under noncurrent, capital falling |

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

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2025-01-05 [Heritage buying five south Georgia bank branches - Albany Herald](https://news.google.com/rss/articles/CBMihgFBVV95cUxOcTdBdVlMSjBXdU14Tk43ZnZESzh5Nm5mUVVISVJqRzBPQW1CeWo4WjdtQXFrMmxaSnQtNHI3VGtCN05wSkpXaHo4YTdkR1Bkc0QwaTg2dDNKWDR0YUQwcEg3M2tEYWxZRGlRZkxvUm9Ha09BRllJS3ZOYXUzQ3V4ckFRVnUxUQ?oc=5) · Albany Herald
- 2018-03-22 [LGE Community CU To Buy Georgia Heritage Bank - cutoday.info](https://news.google.com/rss/articles/CBMiigFBVV95cUxNSjRsZXVuclFhSEdzZzcwbEprYW1uZmFlUTdtZms5WWN2c2VPMzdaaXVJenUxOEpPcVhpc01uU0dlNlB0Q08zNTJ3RXlIbF9IMzAxSWRmc0pXbWVNN1NPNmJhOXpySklHajVSVDdscU0yelB5M2VqRUw2dHlSVDN1ZGVFUUhacVNLWlE?oc=5) · cutoday.info
- 2023-01-26 [The First acquires Heritage Bank - Coastal Courier](https://news.google.com/rss/articles/CBMibkFVX3lxTFBJVVJGTy1FUFp5UEFDZVlndjBkT3NYejVUVWQtUHRtWUVFWm9UU0V2ZDYzM1BwNGpDekYySjdGUGp6VjUyNXN6Q2d1MFI4U0oxRFlqX1I3YlhvOW03T0lxUU44S0w4QTB3TkVYMDdn?oc=5) · Coastal Courier
- 2026-06-15 [GreatAmerica completes Heritage Bank acquisition, launches national bank - Corridor Business Journal](https://news.google.com/rss/articles/CBMiowFBVV95cUxOWXB3RGdfdHVlWENfLThKN3Z1OUR5ZENOd0FTZWxQcWRmbU1wZUFxUTdUVnRCekZrNVRxalNZcWRkMFJiMlJIWVVYaGF1aVd6TUF5bGJWb2Q4UmFIczRualNscFpEbTRETGlQemRfaDFsMHdLUDNieUFWVUNzOEEzS2lqMG5uNUVQbEowQWRnT1BGWEd3UlUzS2ZRR0xGMlJQYk5Z?oc=5) · Corridor Business Journal
- 2022-06-13 [Smith to Retire as President and COO of Heritage Southeast Bank - ABF Journal](https://news.google.com/rss/articles/CBMilgFBVV95cUxPSTdwVmpweFNtV041cGxnWnZMaEtwQm1CVjBpUTBWWW5kWUtFOWhxZGEtTkgzaVpncjgxZzF5eVZTT1JaRjlsUktGcGE1cFMtRW1TV3hDckxkaXpyWF9kMFhWcGFvRVRRQ3VJS0pDSTRXRXIzc3hLempQSUNWVFdEc1JqYVYwdjFKMThDT2Z5N3dCb3c4OFE?oc=5) · ABF Journal
- 2025-07-25 [Louisiana credit union to buy in-state bank - Banking Dive](https://news.google.com/rss/articles/CBMitAFBVV95cUxNWDNSX0lLTU5PYVZKa3B6bXdyb2l2ZFhaWENfQW1XM2hQTzVLaW5zMHVNS2M2NEdZM0NsWlRXM1lld1VKejJtWVNpblNaUFJvWTJEYVMtemdQNmlNbVBmUng1UmhldC1adUFJZ1psZTFTYmFFaGJobk5FWGFGNnFiYWRlMDRxaldSTmpvTl9SMlNQZ1BTT0VQRU1VOVlCTVVPV1hvekE1a2lkMENOSnJhTnF3Q0U?oc=5) · Banking Dive
- 2026-06-15 [GreatAmerica Completes Acquisition of Heritage Bank - The Cannata Report -](https://news.google.com/rss/articles/CBMieEFVX3lxTE9IRDkzdHh0VGdRUXc4bTdQNUw4OW1OMXBIaE5yYlZFZkp0MzJ3N3lkWjZHb1JXWUtXaHV6aFRaNkFMY2dTdTJjUk9JV2ZaOHRLbUs5NnotNVhXRHdNNjRyX2tkTm5obFAySXBXVnVCQzNTNklFVWpRSA?oc=5) · The Cannata Report -

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=193 (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/1.json (key "193", 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