# HERITAGE STATE BANK
LAWRENCEVILLE, IL · FDIC certificate 29224 · asset band <$300M · latest filing 2020-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (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 | $79.2M | |
| Deposits | $70.0M | |
| Loans and leases | $59.5M | |
| Total equity | $9.2M | |
| Loans / deposits | 83.34% (p71 of band) | 72.51% |
| Liquid assets / assets | 22.79% (p23 of band) | |
| Uninsured deposits / deposits | 16.06% (p44 of band) | 17.44% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p20 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.52% (p59 of band) | 10.85% |
| Unrealized securities loss / equity | 0.00% (p10 of band) | 2.55% |
| AOCI / equity | 0.00% (p12 of band) | |
| ROA (annualized) | -0.35% (p4 of band) | 0.95% |
| Net interest margin | 4.22% (p84 of band) | 3.57% |
| Efficiency ratio | 68.09% (p46 of band) | |
| Noncurrent loans | 7.51% (p99 of band) | 0.49% |
| Net charge-offs (annualized) | 2.86% (p100 of band) | |
| Reserve coverage of noncurrent | 26.99% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 0.00% (p8 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -3.1% | |
| Employees | 11 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | uninsured deposits leaving |  |
| 2012-06 | 1 | liquid assets <10% | uninsured deposits leaving |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 | charge-offs p90 | liquid assets <10% |
| 2013-06 | 1 |  |  |
| 2013-09 | 0 |  | charge-offs p90 |
| 2013-12 | 1 | deposits shrinking |  |
| 2014-03 | 0 |  | deposits shrinking |
| 2014-06 | 3 | liquid assets <10%, capital falling, charge-offs p90 |  |
| 2014-09 | 0 |  | liquid assets <10%, capital falling, charge-offs p90 |
| 2014-12 | 1 | liquid assets <10% |  |
| 2015-03 | 2 | uninsured deposits leaving |  |
| 2015-06 | 0 |  | liquid assets <10%, uninsured deposits leaving |
| 2015-09 | 3 | loans exceed deposits, liquid assets <10%, capital falling |  |
| 2015-12 | 2 |  | capital falling |
| 2016-03 | 2 |  |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 | capital falling | loans exceed deposits |
| 2016-12 | 3 | loans exceed deposits |  |
| 2017-03 | 2 |  | capital falling |
| 2017-06 | 3 | charge-offs p90 |  |
| 2017-09 | 4 | capital falling |  |
| 2017-12 | 3 |  | loans exceed deposits |
| 2018-03 | 4 | noncurrent p90, reserve under noncurrent, uninsured deposits leaving | charge-offs p90, capital falling |
| 2018-06 | 8 | loans exceed deposits, charge-offs p90, deposits shrinking, assets shrinking |  |
| 2018-09 | 7 |  | charge-offs p90 |
| 2018-12 | 5 | charge-offs p90 | uninsured deposits leaving, loans exceed deposits, assets shrinking |
| 2019-03 | 7 | capital falling, losing money, assets shrinking | liquid assets <10% |
| 2019-06 | 7 | liquid assets <10% | capital falling |
| 2019-09 | 6 |  | liquid assets <10% |
| 2019-12 | 6 |  |  |
| 2020-03 | 6 |  |  |
| 2020-06 | 4 |  | deposits shrinking, assets shrinking |
| 2020-09 | 4 |  |  |

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

- 2026-07-21 [Fed bans former Illinois bank exec - Banking Dive](https://news.google.com/rss/articles/CBMigAFBVV95cUxOcmpUc0Zka0diQlVqY0lEMDNWLU9XQVBrUVJURkpSOU11OWh6TmtKeHQ3TVM1TUFBS2NCcm55Q3lZdXNSWWszNVJZRUtHR3VUZ1VjZ0xSUVVFMk9YQ05Xd0JjZHYyOV9rUmFrbldaN1BDNndzRzlXelJVMEsxSFNiUQ?oc=5) · Banking Dive
- 2026-07-16 [Fed bans former Illinois banker for using inflated appraisals - American Banker](https://news.google.com/rss/articles/CBMingFBVV95cUxQX0RtcE5qSnhabmozWm9McmdXZjA4VVp4eWZTSTlpVjJCTEw5MVhydmNFRkxGUTczak13Wjh1TUlaa0hIbXdfZGN0S3JNdzRZTnhvLTV2bUo3ODZBTXVodjItVmpncnhRR2RSWjJCSThOc1laRkg2N2U0RnJNeWdNQnZkUERkTlE1UEVmak9HWkliX1plTjg5R2x1UmMxQQ?oc=5) · American Banker
- 2026-07-17 [Fed Takes Action Against Ex-Lending Officer at Heritage Bank - Mirage News](https://news.google.com/rss/articles/CBMiigFBVV95cUxQdGdMckRJVlE2d3ZrNE5YU3lIVFZfaGZxLWpONmw5VElCOWp2T3V0c1ltbXVkM0FQZmFPeGJLN2s0RlVBdl9yZlVQc2lPeTJ6WXRKLXVQS0ctbGNqSXJTX1ZkZE41ZmJaeXNQbkFlbjdWNlhEUjlNVV9TY21IRWZGSVo3N2htZi1UeWc?oc=5) · Mirage News
- 2020-09-24 [First Bank to Acquire Heritage State Bank: Illinois-Based Community Banks Announce Plans to Join Forces. - WRUL-FM](https://news.google.com/rss/articles/CBMi0AFBVV95cUxPLVNrc1BYbzZ3RE4ydGMzS0E0U1haSkdXdV9XVUVXRlpNZTlsTG9hcmtIZ1ZZXzRhaG5qRENweHdfY1Fya28wR25pVWdtLUlESWV2cGpMWlQzQUItUEhJcmpwNFVGQm9KMklGeDdrS2tvY1B0S3d4ZVhWQU81d1Bqam9yTmI0dW51enlzbzNGZDc3M2J0Vkw0NkxfVnJ6ZEFqOE5uaWM5WGF1d0E5Rmw2UE5XVFFIaGoxUi0zNG42MU9LaHpUellHNm9lalloM2tm?oc=5) · WRUL-FM
- 2021-03-16 [First Bank Expands Footprint with Completed Acquisition of Heritage State Bank - WRUL-FM](https://news.google.com/rss/articles/CBMisAFBVV95cUxOc2xKWDhheW1MaUl6M01UWUxDb2Y2eFg3eFFnTHJLdHF0UVhmMGV6cWVqOThYQkM4TktwU1NyZ2FBMEhoWmFBa192b0ktdUJIMVJadEVhNkZWbE5zUkFjSFhDVlUyU18yZUh4RTZCaktsbkNBTXZoY2Zwb1RFZjh0UG9lTjBseURsLUxCRThUVWt0N1BrNkh5bmxIdEl5SDN2UHBvWmhHY01rX1JseFdmYQ?oc=5) · WRUL-FM
- 2024-07-01 [Top executives at collapsed crypto bank Silvergate hit with SEC charges - American Banker](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPMExZbTBDbzhDaUJ6NUZPODcxcWpudEVSSWtNQ0JVcjg3eXJCTmRld0hNTGRCcHNkaFJELVUwU2owUTYyV216dTRiZ0pBTmM4YnluMlUtYk5DVjY5aW5mMEpWMkVzVjNQdElDZWVNa1ZKdFFNNjh4d01VcEhKX21tbVRuYXMxMk5jbFlYMjd4ZUoyODNseWV6SUtHSnBYZHhIWmptQ3RTVEV0ekk?oc=5) · American Banker
- 2018-11-12 [Democrat on House banking panel wins Arizona Senate race - American Banker](https://news.google.com/rss/articles/CBMijAFBVV95cUxNTndkX2x2aF9pYVhIeUdTYXFvd1FOeWJNNENzX1Y0azVzMElHRlpNTFNVRjZRdlZQZVN5VUNzRlVfdW53UDVmSGJXLVcwTV9VQ1Q3N09nZUoyaC1CMXAxMU5jaXhVQVVrMnd2MDhSMk1YV1ZVRG9CLV9XVk9MNXM3amsxSWgwejAxMHpZWQ?oc=5) · American Banker
- 2026-07-17 [Fed Bans Former Bank Lending Chief Over Altered Property Appraisals - financefeeds.com](https://news.google.com/rss/articles/CBMimAFBVV95cUxPM3JWSkR5enRjZ3dqZVN4SExTemtEWHlLNFJId2FPeGNCc1VMWV9XdTg5MnptNlI4emFYSUdzLUVIdVp0QVpHWVlBNDFsdmRGSENMRWxyVVJmZGRXbmgteG9rUzYzV3JvejRLeU9uZnNLUGtNQWtkYW9WVDlLZVVmeW9mZDJpVXRNRHNXUzVCeTBialNpQ2VDTw?oc=5) · financefeeds.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29224 (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/40.json (key "29224", 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