PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First Heritage Bank

Shenandoah, IA · Cert 4457 · First National Bcorp

State charter, Fed member · FED · 2 branches

Q2 2026

$72.1MAssets
$55.9MLoans
$59.9MDeposits
$7.0MEquity
Loan mix
82%RE $37.7M14%C&I $6.6M3%Consumer $1.4MQ3 2024Q2 2026
Deposit mix
80%Interest-bearing $47.9M20%Noninterest $12.0MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.46%, up 24 bps year over year; NIM at 4.11%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.21%, up 71 bps from a year ago.
  • Funding: loans stand at 93.35% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.46%+24 bps YoY

Net Interest Margin (quarter, annualized)

4.11%+39 bps YoY

Efficiency Ratio (quarter, annualized)

52.65%-405 bps YoY

Tier 1 Leverage Ratio

10.21%+71 bps YoY

NIM

5.09%Q2 ’245.60%Q2 ’255.85%Q2 ’26+17%+10%

Non-interest income vs. expense

2.35%Q2 ’242.18%Q2 ’252.23%Q2 ’26-6%+2%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.00%0.80%1.07%1.22%1.47%1.27%1.51%1.46%+24 bps
Return on Equity12.15%9.62%13.06%14.20%16.03%13.36%15.72%15.09%+89 bps
Net Interest Margin3.38%3.41%3.32%3.72%3.86%4.00%4.07%4.11%+39 bps
Efficiency Ratio61.59%69.59%59.21%56.69%50.58%59.40%51.00%52.65%-405 bps
Non-Interest Burden2.03%2.33%1.92%2.06%1.89%2.32%2.00%2.10%+5 bps
Growth
Asset Growth (YoY)-0.13%8.39%10.14%8.32%7.07%1.93%3.31%3.79%-453 bps
Loan Growth (YoY)18.07%14.47%11.15%10.38%6.96%6.65%5.03%5.96%-442 bps
Deposit Growth (YoY)6.62%7.39%10.77%-0.32%0.63%0.49%2.13%3.15%+347 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.09%1.11%1.14%1.13%1.15%1.18%1.24%1.23%+10 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.49%9.15%9.03%9.50%9.89%9.85%10.20%10.21%+71 bps
Total Risk-Based Capital13.48%13.38%9.03%9.50%9.89%9.85%10.20%10.21%+71 bps
Equity / Assets8.60%8.07%8.37%8.80%9.50%9.54%9.67%9.66%+86 bps
Liquidity & Funding
Loans / Deposits88.72%87.92%86.95%90.88%94.31%93.31%89.42%93.35%+247 bps
Liquid Assets / Assets0.70%1.97%1.31%1.79%0.22%0.22%0.22%0.23%-156 bps
CRE / Total Capitaln/an/an/an/a172.63%158.09%146.40%n/an/a