Vitals
  • Total Assets
    54.6M -2.7 %
  • Total Deposits
    51.1M -3.5 %
  • Total Net Loans
    29.8M -17.7 %
  • Net Income
    -1312000.0000 -16.6 %
  • Book Value
    3.4M 11.0 %
  • Book Value x2
    6.8M 11.0 %
  • Book Value x3
    10.2M 11.0 %
ROAA

-3.201

ROAE

-52.14

Efficiency Ratio

115.259

Net Interest Margin

3.745

Balance Sheet Highlights
Financial Highlights Heritage First Bank All Insured Commercial Banks in Alabama
Balance Sheet $(000)
Total Assets 54,607 212,359
Total Net Loans 29,800 118,893
Total Deposits 51,051 176,736
Total Equity 3,390 23,842
Profitability
Net Income -1,312 955
Return on Average Assets -3.201 .597
Return on Average Equity -52.14 5.372
Net Interest Margin 3.745 4.025
Efficiency Ratio 115.259 71.333
Noninterest Income/Revenue 3.695 11.081
Balance Sheet Ratios
Loan-to-Deposit 58.373 64.746
Securities/Assets .063 .238
Total Equity/Total Assets .062 .112
Tangible Equity/Tangible Assets .062 .111
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 3,224 22,188
Tier 2 Capital 419 1,641
Total Capital 3,643 23,885
Total Risk Weighted Assets 32,799 137,334
Leverage Ratio 5.99 10.857
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 9.83 17.525
Total Capital Ratio 11.11 18.724

Timeline for Heritage First Bank

Merchants & Marine Bank

Heritage First Bank was acquired by Merchants & Marine Bank 12 years

View Profile Dec 10 2011

Heritage First Bancshares, Inc.

Heritage First Bancshares, Inc. became a new parent organization for Heritage First Bank.

View Profile Aug 31 2005

Dekalb Bancshares, Inc.

Dekalb Bancshares, Inc. became a new parent organization for Heritage First Bank.

View Profile Feb 02 1982

Heritage First Bank

Heritage First Bank was established 60 years ago and is currently headquartered in Gulf Shores, AL.

Feb 14 1964
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Merchants & Marine Bank Buyer 558,332 Acquisition Discontinued 12/10/2011
Relationships Role Relationship Start Relationship End
Heritage First Bancshares, Inc. Parent 8/31/2005 12/9/2011
Dekalb Bancshares, Inc. Parent 12/31/1984 8/30/2005
Dekalb Bancshares, Inc. Parent 12/31/1983 12/30/1984
Dekalb Bancshares, Inc. Parent 2/2/1982 12/30/1983
Similar Organizations
Organization City State Total Assets
Breda Savings Bank
 		Breda IA 54.8M
Basile State Bank
 		Basile LA 54.3M
Brighton Bank
 		Brighton TN 53.5M
Community Bank Owatonna
 		Owatonna MN 53.2M
The Kansas State Bank Overbrook Kansas
 		Overbrook KS 54.4M
Kansasland Bank
 		Quinter KS 54.3M
Sicily Island State Bank
 		Sicily Island LA 55.0M
Community Bank
 		Avon SD 52.7M
First State Bank
 		Valliant OK 54.4M
First City Bank
 		Columbus OH 54.6M