# HERITAGE BANK
NORFOLK, VA · FDIC certificate 22411 · asset band $300M-1B · latest filing 2015-12 · 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 | $313.0M | |
| Deposits | $269.9M | |
| Loans and leases | $211.7M | |
| Total equity | $34.9M | |
| Loans / deposits | 77.72% (p39 of band) | 82.78% |
| Liquid assets / assets | 27.50% (p56 of band) | |
| Uninsured deposits / deposits | 35.63% (p87 of band) | 20.30% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 2.10% (p27 of band) | |
| FHLB advances / assets | 1.60% | |
| Tier 1 leverage | 10.56% (p59 of band) | 10.05% |
| Unrealized securities loss / equity | -0.93% (p13 of band) | 0.46% |
| AOCI / equity | -0.56% (p31 of band) | |
| ROA (annualized) | 0.72% (p33 of band) | 0.91% |
| Net interest margin | 3.07% (p17 of band) | 3.59% |
| Efficiency ratio | 69.50% (p52 of band) | |
| Noncurrent loans | 0.00% (p2 of band) | 0.71% |
| Net charge-offs (annualized) | 0.00% (p26 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 82% | |
| Construction % of loans | 34.36% (p48 of band) | |
| Auto loans | $32,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $1.8M (5% of equity) (p94 of band) | |
| Deposits YoY | 1.0% | |
| Employees | 38 | |

## Flags firing in the latest filing

- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 1 | capital falling |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 0 |  | capital falling |
| 2012-06 | 0 |  |  |
| 2012-09 | 1 | capital falling |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 0 |  | capital falling |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 2 | deposits shrinking, assets shrinking |  |
| 2014-03 | 0 |  | deposits shrinking, assets shrinking |
| 2014-06 | 1 | capital falling |  |
| 2014-09 | 0 |  | capital falling |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | capital falling |  |
| 2015-06 | 0 |  | capital falling |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | assets shrinking |  |

## 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
- 2026-05-18 [What to Know for Journey: Final Frontier Tour Setlist - Ticketmaster Blog](https://news.google.com/rss/articles/CBMiWkFVX3lxTE55bVdKcGNVcFc2WnJSQVV3YU9wU0dMQy1mTkhTeURaWmh5LURCVG5PcnJpSEVHZlR6RTNSWmhkVmtOWEd5X1d0c293V1Y3aGxTN3RxNjBfNTJRUQ?oc=5) · Ticketmaster Blog
- 2020-10-25 [Former Heritage and Monarch bank leaders power through pandemic to start new Hampton Roads bank - The Virginian-Pilot](https://news.google.com/rss/articles/CBMi0AFBVV95cUxQQ0ZlV3RjNnNFU3RyRUlOLUItRFNQRFpYTXRLNGhXZWxfbW1fbG00VFJ1aTRVM3JURUZwZkJHMHg1d1hMT0YtYkZGNDVjZWZMS2cwRGZxM3ktRzZaaVlhSXF6MXpsRjhMenlMaE5VOVkyN0RPUnpHRkh5TTFiMnE1QVB0MGRsSlVzV1c1TEs4ZlVvYm9Md1g0OGNqWGphYTNTRWZ1aVRTaEZpMTdYWXdBVXZSUjVtekt2cWtKdGo0WU1CVjNQeWprREk0YU9TNFUy?oc=5) · The Virginian-Pilot
- 2017-01-31 [Keller to manage Heritage Bank’s Damonte Ranch location - Northern Nevada Business Weekly](https://news.google.com/rss/articles/CBMikwFBVV95cUxQMG1vRnRjR0thRXJLNlpxRlNvWDczMmlJUXd3MHYzbTZ0aks1N18tWmEzUkhkbi1uaGF4NmdIRV9pMi1wamlfeGs5MkxKSzBZa3BPT2VxTnFBTlJoRXVycU5MckhBdlMtUUJQMGRjTV9BQVpqNHlfOElFT2tNeUNJOTlJUmlfMkZyYVk0QkUyZWVsaW8?oc=5) · Northern Nevada Business Weekly
- 2014-03-15 [Heritage Bank: New home, same neighborhood - Reno Gazette Journal](https://news.google.com/rss/articles/CBMirAFBVV95cUxObDRNWEJoNU5fLUhpdDFfVEZfRXA0VmdZblVwcW5aWnE3c05EWlNqS3lydjhpN3lZNXRtSTFQQmZrVnl4RUZCMFlQM19OQ0IyYkNGck9VaVliMFN6UVQ4VjFEU21fN0hlNUJQMzdWQjRTNFNIQ2JOcGNMVkFJeEpoQ2lhS0tjWXV4MEE5eXpLQW1tNlF1M0VsRjBBQlQwR2JxbmtuWThFWTVHNV8y?oc=5) · Reno Gazette Journal
- 2020-04-08 [Heritage Bank CEO Christopher B. Caddell, 53, has died; he started as a teller, loved serving people - Northern Kentucky Tribune](https://news.google.com/rss/articles/CBMixwFBVV95cUxOWExrZV9CZTVoYTIxTVRFVUVRT2ZBYXZvVGlLOVBZY1lma0R1bVR3MzFsUnZ1T1U0MHhkQzdjM2p1bFEwWXBjUW9EQjhHVUdEOXU0dXktejJCQlpjMUptSFFsUTRYSldyREFuNG9qbld0MFJWNHhUZW1Oc3haN1VBTWFGY0h0cUUtN2NjNUp6R1Fxak5kTmJ5Z2k3M2l2T0xDTGNUbGNrOUE2djFsQjJlVnVVal9ObXVHbDVGOTRXRnFQa0pLMC1R?oc=5) · Northern Kentucky Tribune
- 2016-11-16 [Chris Brockett Named President of MainStreet Bank - PR Newswire](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOemFETmpJUVQwUWJuRmJkUFhCeVZHdnE4RWZTME5JclNnX2tMNTFuRmZ4aXFHRzVBN2Y1RERiaGw2SWVPMkYzVWNWTW9QUlBsa01fdWtGYzlBZ0VFV3NJSGs5YmZncUxfd0Q0ZDNMSk1xN2V2SXRwU2hzVmtBaFNIRjYzcExjR2lsWGltMW5BS1NkYVdtXzNUUktHbnJTSUJSb2dCQzBKMEM?oc=5) · PR Newswire
- 2024-06-04 [Mike Trueba – Senior Vice President – Commercial Team Leader – Heritage Bank - Idaho Business Review](https://news.google.com/rss/articles/CBMitAFBVV95cUxQTl83VDVjSEc0WUgyQzZkNjF3M294UnRieXYwNTBmazhrS1RPaU93MF9JNHRvcHNwUFZBTUZOWjNqRmdsSVJwcVdpZWJIaEQ4aUZUYkw5ejhFTk04RFJ0d2lxZlREV0VHazh6SkpBNmQ5NXY0aWZxMDE1Ti1hVjNiVTN6Qm9lYkRETWtSQ0hDbUpsZXBMN1VWQlU1U1FVV2tIWWdUUV9IWjFmZ1pYSXVCUXhDdXU?oc=5) · Idaho Business Review

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=22411 (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/11.json (key "22411", 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