Heritage Bank
Cedar Rapids, IA·RSSD 225942·FDIC 18463·bank:225942·CBLR opted in
- #73 of 227Total assets in Iowa
- 4offices
- 788employees
- Top 1%Cost of deposits vs. peers
- #2 of 3,695Lowest cost of deposits in the U.S.
- Top 1%Fee income vs. peers
Performance over time
23 available quarters · Gaps indicate missing data · Reported period-end total assets; consolidated for FFIEC 031.
Inside the balance sheet
FDIC reported categories · Shares of reported gross loans. Missing components are not treated as zero.
What stands out at Heritage Bank
13 of 20 FORFI signals stand out against 1437 similar banks, based on FDIC data for the quarter.
Leverage capital ratio rising faster than peersStrength: Capital61.62%peers 10.81%+50.8 pp
Heritage Bank's leverage ratio rose 52.8 percentage points over the past year to 61.62%. Among 1437 similar banks, the median rose 0.2 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Leverage ratio | ||
| 61.62% | 10.81% | +50.8 pp |
| 12-month change | ||
| +52.8 pp | +0.2 pp | +52.6 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. Heritage Bank itself is left out of every peer median and percentile. How signals work
Deposit costs among the lowest of similar banksStrength: Funding-0.72%peers 1.80%-252 bps
Heritage Bank's cost of all deposits was -0.72%, compared with a median of 1.80% among 1432 similar banks: the lowest of them.
| This institution | Peer median | Difference |
|---|---|---|
| Cost of all deposits | ||
| -0.72% | 1.80% | -252 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. Heritage Bank itself is left out of every peer median and percentile. How signals work
Lending absorbing more of the deposit base as cash fallsWorth a look: Liquidity461.7%+405.6 pp in 12 months
Heritage Bank's loans rose to 461.7% of deposits, 405.6 percentage points higher than a year earlier, while cash fell to 5.9% of assets. The median change in the loan-to-deposit ratio among 1435 similar banks was +0.9 pp.
| Observed | Change |
|---|---|
| Loans / deposits | |
| 461.7% | +405.6 pp in 12 months |
| Cash / assets | |
| 5.9% | -10.2 pp in 12 months |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. Heritage Bank itself is left out of every peer median and percentile. How signals work
Return on assets falling while the peer median risesWorth a look: Earnings-3.86%peers 1.32%-517 bps
Heritage Bank's annualized return on assets fell 356 bps over the past year to -3.86%. Among 1433 similar banks, the median rose 14 bps.
| This institution | Peer median | Difference |
|---|---|---|
| Annualized return on assets | ||
| -3.86% | 1.32% | -517 bps |
| 12-month change | ||
| -356 bps | +14 bps | -371 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. Heritage Bank itself is left out of every peer median and percentile. How signals work
Efficiency ratio rising while the peer median fallsWorth a look: Efficiency134.6%peers 60.8%+73.8 pp
Heritage Bank's efficiency ratio rose 23.9 percentage points over the past year to 134.6%. Among 1432 similar banks, the median fell 2.1 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Efficiency ratio | ||
| 134.6% | 60.8% | +73.8 pp |
| 12-month change | ||
| +23.9 pp | -2.1 pp | +26.0 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. Heritage Bank itself is left out of every peer median and percentile. How signals work
8 more observations
- Deposit costs falling faster than peersFunding
- Unrealized securities position improving faster than peersCapital
- Borrowed funding rising while the peer median holds steadyFunding
- Reliance on CDs falling faster than peersFunding
- Fee and other noninterest income among the highest of similar banksEarnings
- Net interest margin narrowing while the peer median widensEarnings
- Noninterest-bearing deposit share falling faster than peersFunding
- Balance sheet jumped in a single quarterGrowth
Key facts
- Heritage Bank is a bank headquartered in Cedar Rapids, Iowa. It reported $450 million in total assets for the quarter ended June 30, 2026.
- Deposits totaled $56.1 million, up 64.6% from a year earlier, and loans totaled $259 million, up 1252.6%.
- Its net interest margin was 1.69% and its annualized return on assets was -3.86% for the quarter.
- Its cost of all deposits was -0.72%, compared with a median of 1.80% among 1432 similar banks with $300 million to $1 billion in assets.
Scorecard against peers
Capitalization
Liquidity & funding
Margin & yield
Income & expense
Asset quality
Charge-offs & allowance
Arrows show whether the value sits above or below the peer median. Colour shows whether that side is favourable for the measure: green favourable, red unfavourable, grey where neither side is (for example, a lower loan-to-core-deposit ratio is favourable, so a negative gap is green). Peer medians cover the same source, form, period, institution type and asset band, and count this institution in its own cohort. The peer line on every chart reads the same cohort. Regulatory definitions differ from FORFI quarterly estimates.
Watch items
Screening prompts computed from this filing only. Thresholds follow common review conventions and interagency concentration references; they are not supervisory ratings or predictions.
Public filings show what changed. Internal data shows why.
With Heritage Bank's own data, FORFI would look at: Which balance-sheet segments consume or release capital, relationship by relationship.
Analysis workspaces
Sources and identifiers
- Institution
- Heritage Bank · Bank
- Federal Reserve RSSD
- 225942
- FDIC certificate
- 18463
- Reporting period
- Peer group
- 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. Heritage Bank itself is left out of every peer median and percentile.
Figures are FORFI calculations from public regulatory filings, shown as reported. Signals are descriptive screening rules, not supervisory ratings, credit opinions or forecasts. Methodology
Income & calculation basis
FDIC · 2026-04-01 through 2026-06-30 · Annualization factor 4.010989 applies to ROA and margin only.
| Measure | FORFI calculation | FDIC published reference |
|---|---|---|
| -$2.35M | — | |
| $857K | — | |
| $39K | — | |
| $818K | — | |
| $4.44M | — | |
| $7.08M | — | |
| $1.49M | — | |
| $1.49M | — | |
| -3.86% | -3.95%ROAQ · Quarter | |
| 1.69% | 2.21%NIMYQ · Quarter | |
| 134.60% | 133.88%EEFFQR · adjusted · Quarter |
Credit-quality reconciliation · Source components agree. NALNLS (nonaccrual) + P9LNLS (90+ days accruing) = NCLNLS (noncurrent).
How to interpret differences
Flows cover the selected income window. Balance-sheet amounts, members and staffing are as of the filing date.
Published FDIC references use the regulator's own averaging, annualization and adjustments; the convention selector changes FORFI calculations only. Source-provided averages are used when available; endpoint fallbacks are labeled estimates.
Missing inputs remain unavailable. Credit-union margins use average assets and are not comparable with bank margins over earning assets.
AFS + HTM securities exclude deposits at other institutions. Broader investment totals may overlap cash; do not add them to cash without reconciling components.
Regulatory source definitionsFiling imported 2026-09-25T00:32:31.073937+00:00. Separate reference provenance is included in the export.