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229-878-2047
721 N. Westover Boulevard
Albany, GA 31707

Heritage Bank of the South is headquartered in Albany and is the 12st largest bank in the state of Georgia. It is also the 491st largest bank in the nation. It was established in 1955 and as of December of 2013, it had grown to 426 employees at 27 locations. Heritage Bank of the South has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Heritage Bank of the South had $19.73 million in non-current loans and owned real-estate with $119.91 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank of the South a Texas Ratio of 16.45% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Heritage Bank of the South decreased dramatically from 27.12% as of December 31, 2012 to 16.45% as of December 31, 2013, resulting in a positive change of 39.34%.This indicates that the balance sheet and financial strength for Heritage Bank of the South has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Heritage Bank of the South has increased its total deposits by $203.15 million, resulting in 23% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Heritage Bank of the South has shown is excellent.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Heritage Bank of the South has $1.38 billion in assets with $119.91 million in equity, resulting in a capitalization level of 8.71%, which is average.

Institution Statistics

Overall
FDIC Certificate #50028
Year Established1955
Employees426
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.38 billion
Loans$900.47 million
Deposits$1.09 billion
Equity Capital$110.95 million
Loan Loss Allowance$8.96 million
Unbacked Noncurrent Loans$16.24 million
Real Estate Owned$3.48 million
Historic Data - December 2012
Assets$1.09 billion
Equity Capital$104.02 million
Loan Loss Allowance$9.06 million
Unbacked Noncurrent Loans$16.24 million
Real Estate Owned$3.24 million
Profit Margin - Quarterly
Net Interest Margin5.22%
Return on Assets0.92%
Return on Equity10.94%
Interest Income$65.65 million
Rates

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Locations

Heritage Bank of the South has 29 locations. Click to view all Heritage Bank of the South locations.