# HERITAGE BANK INC
BURLINGTON, KY · FDIC certificate 33119 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 2 (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 | $1.99B | |
| Deposits | $1.83B | |
| Loans and leases | $1.24B | |
| Total equity | $144.2M | |
| Loans / deposits | 67.06% (p13 of band) | 87.10% |
| Liquid assets / assets | 33.53% (p81 of band) | |
| Uninsured deposits / deposits | 35.34% (p62 of band) | 30.76% |
| Brokered deposits | 2.76% | |
| Wholesale funding | 2.95% (p35 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.01% (p13 of band) | 10.50% |
| Unrealized securities loss / equity | -34.01% (p7 of band) | -7.75% |
| AOCI / equity | 0.11% (p84 of band) | |
| ROA (annualized) | 1.03% (p33 of band) | 1.26% |
| Net interest margin | 3.54% (p40 of band) | 3.70% |
| Efficiency ratio | 62.67% (p62 of band) | |
| Noncurrent loans | 0.47% (p47 of band) | 0.51% |
| Net charge-offs (annualized) | 0.07% (p70 of band) | |
| Reserve coverage of noncurrent | 252.72% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 115.58% (p93 of band) | |
| Auto loans | $2.1M (0.17% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $4.2M (3% of equity) (p80 of band) | |
| Deposits YoY | 8.1% | |
| Employees | 245 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 2 | charge-offs p90 |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 3 | capital falling |  |
| 2015-03 | 1 |  | charge-offs p90, capital falling |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 2 | capital falling |  |
| 2016-03 | 1 |  | capital falling |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | reserve under noncurrent |
| 2016-12 | 1 | capital falling |  |
| 2017-03 | 1 | charge-offs p90 | capital falling |
| 2017-06 | 0 |  | charge-offs p90 |
| 2017-09 | 1 | construction >100% equity |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 0 |  | construction >100% equity |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | capital falling |  |
| 2019-03 | 0 |  | capital falling |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | capital falling |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 3 | construction >100% equity |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 2 |  | AOCI drag >20% of equity |
| 2023-06 | 2 |  |  |
| 2023-09 | 3 | AOCI drag >20% of equity |  |
| 2023-12 | 2 |  | AOCI drag >20% of equity |
| 2024-03 | 4 | capital falling, NIM <2.5% |  |
| 2024-06 | 3 |  | capital falling |
| 2024-09 | 2 |  | NIM <2.5% |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |
| 2026-06 | 2 |  |  |

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

- 2026-08-10 [Heritage Bank Dry Ridge Ky - Oma Erto](https://news.google.com/rss/articles/CBMiZEFVX3lxTE0yNzhSeHp5blhvcHdvYnZScGlibmxjSTJkRkhqUldDV3hFYV8yZUtpX1FzLXdhSjVqTlNQTWg0VmhUUnBmV0wyNnRLZTEzemxEOWs3SlJfWGhlc3FjRk5FYXVQeVk?oc=5) · Oma Erto
- 2020-12-04 [As new Heritage CEO, Wallace will maintain Caddell leadership ethos - The Business Journals](https://news.google.com/rss/articles/CBMijAFBVV95cUxPY3pSZldNNFoyNVNERjdBd1dfX2ZRVlRLS2RWaEM4MVBrSnhEZ1JkY0pSWW14MFotVjdTNEVWTW4zSU80QUJFcXJ6R0N2X2RLVEN3SFIzZXVJRlRyelc2ckl3OTBhZTktZ0stX3A4bHlvZDRzZ0NaZUZQVjFfdUEyYS1WdEdJZkZxSlp5Qw?oc=5) · The Business Journals
- 2018-09-07 [NKY Chamber names Jim Parsons Board Chair; announces incoming board members, leadership - Northern Kentucky Tribune](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQNDE5S01BclVKZHdqenhtcExLRWJ2bEhWeFFtSHRtWGFOaXJpZWFGVEM1cW1laTNGUmVFQkdzZjd5QnpzYU96TDlWMld0OWc2M3lhVVJ5a1pUYTdwcUxPclVDdE0zR192NE9jUkVMZmVxWWMwcUtaQWo1akFDaUpodVB6b1lKd1VtQWNYRXAwZUFyaVo3LW9ZZ3c4YWFmQ1RHVkRwYkcxVzhJLUZrbkpJb2d5Z2Z5bDFj?oc=5) · Northern Kentucky Tribune
- 2024-11-08 [$1.095 million Oakley home sale among the week's top property transfers - Cincinnati Enquirer](https://news.google.com/rss/articles/CBMi2AFBVV95cUxPSHJUeW11aHZ4LWY5SG1QaTZXY2VHamZMcFV4R0d4NVhBT2hXSndWcFRCTlA1ZGpsR0ZobHhtRU9NRGR3X0I3NDg1eUoxczRwWVRmZ3oxVEI2ZnBIbWw0WFJ2dFVPM1RBYng3ZjVQZlY4MDQ1dk0yZ0xicEtsbE9jWlpTMVZOZzZZS0ZkWUo1a0ZZUGY3Z2p0T2s2cXJiLUs3Y2NwLTZpeDhPcWVaNGhlU3dYVUtlSDc0Nm5oMUNXLUhGVkl4bjlyMmFmVHN2YXU4ZGQ0YW51WEU?oc=5) · Cincinnati Enquirer

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=33119 (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/31.json (key "33119", 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