Overview / Commentary
First Heritage Bank (IA) is headquartered in SHENANDOAH and is the 219th largest bank in the state of Iowa. It is also the 4,247th largest bank in the nation. It was established in 1903 and as of June of 2023, it had grown to 9 employees at 2 locations. First Heritage Bank (IA) has a B health rating.
Health
B
Data as of Q2 2023
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. First Heritage Bank (IA) has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4457 |
| Year Established | 1903 |
| Employees | 9 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.6% |
| Return on Equity - YTD | 8.67% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $62.6MM$58.8MM |
| Loans | Q2 2023vs Q2 2022 | $40.1MM$34.8MM |
| Deposits | Q2 2023vs Q2 2022 | $52.2MM$54.7MM |
| Equity Capital | Q2 2023vs Q2 2022 | $4.3MM$4.1MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $532.00K$500.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $2.00K$5.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |