First Heritage Bank (Shenandoah, IA)
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Data as of · sourced from FFIEC call reports. How we update
First Heritage Bank is an FDIC-insured commercial bank headquartered in Shenandoah, IA, established in 1903 (FDIC certificate 4457), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $72.1M, up 3.8% from Q2 2025, the 208th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.21% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 4457
- Headquarters
- Shenandoah, IA
- Established
- 1903
- Total assets, Q2 2026
- $72.1M
- Assets vs Q2 2025
- +3.8%
- Tier 1 leverage ratio, Q2 2026
- 10.21%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 073910237
- Latest call report
- Q2 2026, FFIEC 051 · First Heritage Bank call report
- Holding company
- FIRST NATIONAL BANCORP
- Asset rank in state
- 208th of 225 in Iowa
First Heritage Bank, based in Shenandoah, Iowa, reported $72 million in assets at June 30, 2026, up 3.8% from a year earlier. It carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median 1.4%). It also returns 18.5% a year on shareholders' equity, about double the median of 8.6% for banks its size.
Net income for the quarter rose 25% from a year earlier, to $322,000. Where it has less room is capital: it funds 10.21% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 13.06%).
As of June 30, 2026, First Heritage Bank reported a return on assets of 1.80%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
First Heritage Bank ranks as the 208th largest of the 225 banks based in Iowa, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets were flat, loans rose 4.3% and deposits fell 0.1%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 38.5% of total loans, followed by farmland and other real estate loans at 16.1%. Its 2 offices in the FDIC Summary of Deposits are in Shenandoah, IA and Farragut, IA; its Shenandoah office books 88% of its branch deposits. On its Q2 2026 call report, First Heritage Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 801 S Fremont St, Shenandoah, IA 51601
- County
- Page
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1903
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 9
- Domestic deposits
- $59.9M
- Allowance for credit losses
- $688K
- Net charge-offs (YTD)
- $0
- Average total assets
- $71.4M
- Average total loans
- $55.6M
- Average interest-bearing deposits
- $47.6M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 4457
- Fed RSSD
- 618647
- Website
- www.firstheritage.bank →
- Parent Holding Company
- FIRST NATIONAL BANCORP (RSSD 2247498)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, First Heritage Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
First Heritage Bank's total assets moved between a low of $63.3M (Q4 2023) and a high of $72.1M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$72.1M total assets against $69.5M; $65.2M total liabilities against $63.4M.
$55.2M net loans and leases against $52.2M; $59.9M total deposits against $58.1M.
$11.6M securities against $11.3M; $2.5M cash and balances due against $3.2M.
$1.0M total interest income against $970K; $312K total interest expense against $326K.
$733K net interest income against $644K.
$23K total noninterest income against $21K; $398K total noninterest expense against $377K.
$23K provision for credit losses against $18K.
$322K net income against $258K.
1.80% return on assets against 1.49%; 4.24% net interest margin against 3.86%.
10.21% tier 1 leverage ratio against 9.50%.
Inside the full First Heritage Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.97% (Q4 2024) to 1.84% (Q1 2026) and its net interest margin ran from 3.53% (Q3 2024) to 4.24% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.21% | 1.80% | 0.00% | 0.00% | 4.24% |
| Q1 2026 | 10.20% | 1.84% | 0.00% | 0.00% | 4.19% |
| Q4 2025 | 9.85% | 1.54% | 0.00% | 0.00% | 4.13% |
| Q3 2025 | 9.89% | 1.79% | 0.00% | 0.00% | 4.06% |
| Q2 2025 | 9.50% | 1.49% | 0.00% | 0.00% | 3.86% |
| Q1 2025 | 9.03% | 1.29% | 0.00% | 0.00% | 3.57% |
| Q4 2024 | 9.15% | 0.97% | 0.00% | 0.00% | 3.58% |
| Q3 2024 | 9.49% | 1.22% | 0.00% | 0.00% | 3.53% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Heritage Bank (main office) | Shenandoah , IA | 51601 | $52.5M |
| Farragut Branch | Farragut , IA | 51639 | $7.4M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC)
- July 25, 2008, OCC: Formal Agreement: The First National Bank of Farragut
- Period: Most recent institution action July 25, 2008. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in IA, rank 235 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $400K approved, $400K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2009 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First Heritage Bank
What are First Heritage Bank's total assets?
As of the Q2 2026 filing, First Heritage Bank reported total assets of $72.1 million in its FFIEC call report.
Where is First Heritage Bank headquartered?
It is headquartered in Shenandoah, IA, United States.
When was First Heritage Bank founded?
It was established in 1903, per the FDIC institution directory.
Is First Heritage Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #4457). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Heritage Bank?
First Heritage Bank's primary federal regulator is the Federal Reserve.
How many branches does First Heritage Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Heritage Bank's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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