TellerScore

First Heritage Bank is a state-chartered bank (fed member) headquartered in Shenandoah, Iowa, in business for about 123 years. At the end of Q2 2026 it reported $72.1M in total assets and $59.9M in deposits, with 2 offices.

Based on its Q2 2026 filing, First Heritage Bank scores 79/100, which we describe as strong. That is higher than 63% of 546 banks with under $100 million in assets. Among 226 banks headquartered in Iowa, it ranks 68th. Its strongest component is loan quality (100/100; 0.00%), and its lowest is capital cushion (52/100; 10.21%).

TellerScore · Q2 2026

Scorecard

Capital cushion52/100
Tier 1 leverage ratio: 10.21%
Loan quality100/100
Noncurrent loans ÷ total loans: 0.00%
Earnings93/100
Return on assets (annualized): 1.82%
Funding & liquidity68/100
Loans ÷ deposits and uninsured-deposit share: 92.2% · 9.0% uninsured
Problem-loan coverage100/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 0.00%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 5 points (74 → 79), mostly because the earnings component improved by 17 points.

TellerScore
707580Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202471
Q3 202471
Q4 202470
Q1 202573
Q2 202574
Q3 202576
Q4 202576
Q1 202680
Q2 202679
Tier 1 leverage ratio
5.00%7.60%10.21%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20249.54%
Q3 20249.49%
Q4 20249.15%
Q1 20259.03%
Q2 20259.50%
Q3 20259.89%
Q4 20259.85%
Q1 202610.20%
Q2 202610.21%
Noncurrent loans
-1.00%0.00%1.00%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.00%
Q3 20240.00%
Q4 20240.00%
Q1 20250.00%
Q2 20250.00%
Q3 20250.00%
Q4 20250.00%
Q1 20260.00%
Q2 20260.00%
Return on assets
0.84%1.35%1.85%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.84%
Q3 20240.97%
Q4 20240.97%
Q1 20251.32%
Q2 20251.40%
Q3 20251.54%
Q4 20251.54%
Q1 20261.85%
Q2 20261.82%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202679$72.1M10.21%0.00%1.82%92.2%
Q1 202680$72.1M10.20%0.00%1.85%88.3%
Q4 202576$69.9M9.85%0.00%1.54%92.2%
Q3 202576$68.6M9.89%0.00%1.54%93.2%
Q2 202574$69.5M9.50%0.00%1.40%89.9%
Q1 202573$69.8M9.03%0.00%1.32%86.0%
Q4 202470$68.6M9.15%0.00%0.97%86.9%
Q3 202471$64.0M9.49%0.00%0.97%87.8%
Q2 202471$64.2M9.54%0.00%0.84%81.2%

546 peers · Under $100 million in assets

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio10.21%
21st
Total risk-based capital0.00%
27th
Problem loans0.00%
84th
Net charge-offs0.00%
58th
Return on assets1.82%
84th
Net interest margin4.33%
68th
Efficiency ratio51.8%
88th
Loans to deposits92.2%
15th
Uninsured deposits9.0%
81st
Loan-loss reserves1.23%
51st
Texas ratio0.0%
85th

Similar-size banks in Iowa

InstitutionScoreAssetsCapitalProblem loansCompare
First State BankBank Nashua, IA79 out of 100, Strong$72.5M10.7%0.00%vs
Farmers State BankBank Yale, IA90 out of 100, Very strong$72.6M12.0%0.00%vs
State BankBank Spencer, IA61 out of 100, Moderate$74.9M8.3%0.70%vs
The Farmers State BankBank Marcus, IA88 out of 100, Very strong$77.2M13.2%0.51%vs
Citizens Savings BankBank Marshalltown, IA74 out of 100, Strong$77.9M9.9%0.00%vs
Sloan State BankBank Sloan, IA53 out of 100, Below average$78.9M10.9%4.28%vs

Deposit insurance

Is my money safe at First Heritage Bank?

Yes. First Heritage Bank is an FDIC-insured institution (FDIC certificate #4457). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 9.0% of deposits ($5.4M) are above the $250,000 FDIC insurance limit, below the peer median of 16%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 10.21%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).

Check how much of your own balance is covered

2 locations

Branches

First Heritage Bank lists 2 offices in 2 cities. Most locations:

  • Farragut, IA (1)
  • Shenandoah, IA (1)

All branch addresses and map

Identity & history

Profile

Legal name
First Heritage Bank
Former names
The First National Bank of Farragut
Type
State-chartered bank (Fed member)
FDIC certificate #
4457
RSSD ID
618647
Primary regulator
FED
Holding company
First National Bcorp
Established
January 1, 1903
Headquarters
801 S Fremont St, Shenandoah, IA 51601
Employees
9

Quick answers

First Heritage Bank: common questions

Is First Heritage Bank FDIC insured?

Yes. First Heritage Bank is an FDIC-insured institution (FDIC certificate #4457). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is First Heritage Bank's TellerScore?

79 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has First Heritage Bank ever failed?

There is no failure record for FDIC certificate #4457 in the FDIC failed bank list.

How many branches does First Heritage Bank have?

2 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Shenandoah

InstitutionScoreAssetsCapitalProblem loansCompare
Cornerstone BankBank Clarinda, IA83 out of 100, Strong$42.0M15.2%0.47%vs
Glenwood State BankBank Glenwood, IA77 out of 100, Strong$352.9M12.5%1.51%vs
PCSB BankBank Clarinda, IA77 out of 100, Strong$326.1M11.1%0.25%vs
Western National BankBank Chester, NE74 out of 100, Strong$257.4M9.1%0.02%vs
First National Bank of OmahaBank Omaha, NE72 out of 100, Strong$34.2B10.8%0.78%vs
Northwest BankBank Spencer, IA70 out of 100, Strong$3.0B10.1%0.23%vs