# HERITAGE BANK OF ST TAMMANY
COVINGTON, LA · FDIC certificate 29577 · asset band <$300M · latest filing 2026-03 · 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 | $167.9M | |
| Deposits | $149.8M | |
| Loans and leases | $142.1M | |
| Total equity | $16.7M | |
| Loans / deposits | 93.99% (p87 of band) | 72.28% |
| Liquid assets / assets | 9.33% (p2 of band) | |
| Uninsured deposits / deposits | 10.26% (p16 of band) | 19.31% |
| Brokered deposits | 0.60% | |
| Wholesale funding | 1.31% (p58 of band) | |
| FHLB advances / assets | 0.71% | |
| Tier 1 leverage | 9.65% (p21 of band) | 11.62% |
| Unrealized securities loss / equity | -7.56% (p49 of band) | -7.15% |
| AOCI / equity | -0.30% (p56 of band) | |
| ROA (annualized) | -6.91% (p1 of band) | 1.12% |
| Net interest margin | 3.25% (p21 of band) | 3.86% |
| Efficiency ratio | 304.78% (p99 of band) | |
| Noncurrent loans | 1.01% (p71 of band) | 0.34% |
| Net charge-offs (annualized) | 0.02% (p77 of band) | |
| Reserve coverage of noncurrent | 89.76% | |
| Real estate % of loans | 98% | |
| Construction % of loans | 69.90% (p87 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 | -2.4% | |
| Employees | 25 | |

## Flags firing in the latest filing

- **liquid assets <10%** (`liq_thin`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 1 |  | wholesale funding >15% |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 8 | capital falling, losing money, expense ratio p90, noncurrent p90, charge-offs p90, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 6 |  | capital falling, uninsured deposits leaving |
| 2012-09 | 6 |  |  |
| 2012-12 | 8 | deposits shrinking, uninsured deposits leaving |  |
| 2013-03 | 5 |  | losing money, expense ratio p90, uninsured deposits leaving |
| 2013-06 | 5 |  |  |
| 2013-09 | 7 | losing money, expense ratio p90 |  |
| 2013-12 | 4 |  | charge-offs p90, assets shrinking, deposits shrinking |
| 2014-03 | 4 | charge-offs p90, uninsured deposits leaving | losing money, expense ratio p90 |
| 2014-06 | 3 |  | charge-offs p90 |
| 2014-09 | 2 |  | uninsured deposits leaving |
| 2014-12 | 1 |  | noncurrent p90 |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 3 | capital falling, uninsured deposits leaving |  |
| 2016-06 | 2 |  | uninsured deposits leaving |
| 2016-09 | 1 |  | capital falling |
| 2016-12 | 1 | loans exceed deposits | reserve under noncurrent |
| 2017-03 | 2 | wholesale funding >15% |  |
| 2017-06 | 1 | capital falling | loans exceed deposits, wholesale funding >15% |
| 2017-09 | 1 | loans exceed deposits | capital falling |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 4 | capital falling, deposits shrinking, uninsured deposits leaving |  |
| 2018-09 | 2 |  | deposits shrinking, uninsured deposits leaving |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 3 | wholesale funding >15% |  |
| 2019-09 | 3 | reserve under noncurrent | wholesale funding >15% |
| 2019-12 | 1 |  | capital falling, reserve under noncurrent |
| 2020-03 | 2 | reserve under noncurrent |  |
| 2020-06 | 3 | capital falling |  |
| 2020-09 | 1 |  | loans exceed deposits, reserve under noncurrent |
| 2020-12 | 1 | reserve under noncurrent | capital falling |
| 2021-03 | 0 |  | reserve under noncurrent |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | capital falling |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 4 | loans exceed deposits, wholesale funding >15%, uninsured deposits leaving |  |
| 2023-09 | 5 | expense ratio p90 |  |
| 2023-12 | 4 | losing money | wholesale funding >15%, expense ratio p90 |
| 2024-03 | 4 | expense ratio p90, NIM <2.5%, assets shrinking | capital falling, loans exceed deposits, uninsured deposits leaving |
| 2024-06 | 5 | loans exceed deposits |  |
| 2024-09 | 5 |  |  |
| 2024-12 | 6 | capital falling, construction >100% equity | assets shrinking |
| 2025-03 | 2 |  | losing money, expense ratio p90, NIM <2.5%, loans exceed deposits |
| 2025-06 | 1 |  | capital falling |
| 2025-09 | 0 |  | construction >100% equity |
| 2025-12 | 0 |  |  |
| 2026-03 | 5 | liquid assets <10%, losing money, expense ratio p90, reserve under noncurrent, assets shrinking |  |

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

- 2026-04-01 [HERITAGE NOLA BANCORP, INC. ANNOUNCES COMPLETION OF PURCHASE AND ASSUMPTION TRANSACTION BETWEEN HERITAGE BANK OF ST. TAMMANY AND ONPATH FEDERAL CREDIT UNION - Yahoo Finance](https://news.google.com/rss/articles/CBMiogFBVV95cUxOVjk1ekNWNmFXbTlvQnctRzFfdkFuVGdzbVJCR01jY2RCdjJqYWtEODlMTEJqM1JVN3BoYm5LWjlvRkMwT3FqME56NlJhSERKSFJKS0gweDBnWER4X3h6aXoyc0U4MXFKX05aX2xyeXdtR0MycGVPM3h1d0FvRlRTNWhPaVoxaVk5OER6clQwZk9Qc253clFSWkx6SExkbkxVU2c?oc=5) · Yahoo Finance
- 2025-07-25 [Louisiana credit union to buy in-state bank - Banking Dive](https://news.google.com/rss/articles/CBMitAFBVV95cUxNWDNSX0lLTU5PYVZKa3B6bXdyb2l2ZFhaWENfQW1XM2hQTzVLaW5zMHVNS2M2NEdZM0NsWlRXM1lld1VKejJtWVNpblNaUFJvWTJEYVMtemdQNmlNbVBmUng1UmhldC1adUFJZ1psZTFTYmFFaGJobk5FWGFGNnFiYWRlMDRxaldSTmpvTl9SMlNQZ1BTT0VQRU1VOVlCTVVPV1hvekE1a2lkMENOSnJhTnF3Q0U?oc=5) · Banking Dive
- 2025-07-24 [OnPath Credit Union Expands Footprint - Biz New Orleans](https://news.google.com/rss/articles/CBMickFVX3lxTFBONGRTVDdtMVptcjNQd3VEQV9CeUd2SjAtUFJvYUgtYWNvVWxkQzlreVFWc1dxcl9kX0ZuM2doVEtiVVNya3V4YUNGOWRoR2p5TmpmbWp0QTlZeFBseEJyNFZyV2hucXd0d3RYM1h3Xzk2QQ?oc=5) · Biz New Orleans
- 2024-07-15 [Celebrating a Century of Service — Heritage Bank of St. Tammany - newswire.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxQcFh2YVNzSWpfY2I2N09xS3VEUklsYWEwU2o1LUhCWTRDcU5ySlNqUUtGX0I5cEpVeGlpX2ppcXJDMjQydm12eTB4OHlwQjI3a2xpS2RPMjUtQVNpbDgxN2FfTTlkRkFfUlZkM0QtaHVOanR0UmtLb2ZJQ3BubWlBX0Y5RE4ybEdMeHlMdWNVZERBZmtzaVpoU3hDdUt0QVVS?oc=5) · newswire.com
- 2025-07-25 [OnPath Federal Credit Union acquires century-old bank in Covington - New Orleans CityBusiness](https://news.google.com/rss/articles/CBMilAFBVV95cUxNRnIyUndXMTVsUWxwUnh3anFZYkpHOFZ6dDYwXzRzWkhXNm9EZkduRUk4blg4d1NCcEU4SFRnSGV1WmM5am5ZalNyWWYwQVEwb3JWY2JSQk1Vb3I3UERoNjZHcUdUZXNiR0ExVUtnVU8xeEhOSUFPRTRPMnpnSU1YcHQzLUFyb1hwVHEwNWhqNEFkclk0?oc=5) · New Orleans CityBusiness
- 2023-07-07 [M C Bank to acquire Covington-based Heritage Bank of St. Tammany - theadvocate.com](https://news.google.com/rss/articles/CBMi4gFBVV95cUxNTzd2a3duMWROXzI1SVNLMTQ5VHJMU2ltbHpLVkZ1cG5iRXJBRFQ3aVlCZ0Z4c3hBVjU1V29VTU5MUkgwcU1WMldCWDJ0LVpLVUwzVV9rY0VhVy1sTzItMmNRTndlZENxQ0p3V0xrekMxWHotdDZGdGQ0NzBPLThxYXJlaUJrMy1oS2RHSndhWm9WbUtOc0Y0TVNlWlhJM3NRNGVlYm1VeFAyaUlpdE83TWhQZ01BM0VFaHk0eDVEX1RtajZDTVhLYTBWc1NhVFlWY0plQTktNWVJaFNWaFFqQTBB?oc=5) · theadvocate.com
- 2025-07-24 [Credit Unions in Louisiana & California Plan to Complete Bank Acquisitions in 2026 - CUTimes](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPOFFjNXdCcTlERWVDcUR1MXd4a2R2VVk0X2U0S1A2eko5R0JaSTlwN0VRa3VsTEg3SHJyRFUtQUtJcHBOUHU5UUF0b21VZzYyWG5GMjRQbWV2RmxNc2MyLUNyQU9kUU9kQnFYNFNhWUQ3Z1ZobnUxOUVyS01NbHJPRHhNdjF0MlU5bl9acXdpVzlpZ2FQcEIwNFl0RVZFNjQ5WFRSQmU1S1pEOXpHYlF5NnJHTDVHbjU3?oc=5) · CUTimes
- 2023-07-07 [MC Bancshares to Acquire Heritage NOLA Bancorp - Biz New Orleans](https://news.google.com/rss/articles/CBMifkFVX3lxTE5yTl9KZGV0RDc3QXd6YzZkVTFPUDJMbjFPWDQxREJ4Z3FqaXpDNVJYTE1LN21HcHpRcW1icWNQNmxjYVJUbFdzWG1uaFV5aHA0QlNOVS01RXFLVVc3b0xFa0lHakc0TVFPZUdVejlLdEUtR0o2WEwzWjVVVDNFZw?oc=5) · Biz New Orleans

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29577 (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/9.json (key "29577", 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