HOW HEALTHY IS THIS BANK?
Heritage Bank of the South
This bank acquired Frontier Bank, headquartered in Lagrange, GA, after it failed on March 8, 2013.
This bank acquired First Southern National Bank, headquartered in Statesboro, GA, after it failed on Aug. 19, 2011.
This bank acquired Citizens Bank of Effingham, headquartered in Springfield, GA, after it failed on Feb. 18, 2011.
(Only bank failures since Jan. 1, 2010 are listed)
The troubled asset ratio
1. A "troubled asset ratio" compares the sum of troubled assets with the sum of Tier 1 Capital plus Loan Loss Reserves. Generally speaking, higher values in this ratio indicate that a bank is under more stress caused by loans that are not paying as scheduled. Each bank graphic is on it's own scale: use caution when comparing two banks.
2. The graphs are for comparing this bank to the national median troubled asset ratio. Because the ratio varies so widely among banks across the nation, the scale is not consistent from bank to bank and the graphs should not be used to compare banks to one another.
Financial details for Heritage Bank of the South
NA means the bank did not exist or did not report on the date given. This could be because a merger created a new bank, or because the bank came into existence in the given year.
Note: The Federal Deposit Insurance Corp. insures deposit accounts up to $250,000. The "troubled asset ratio" is not an FDIC statistic. It is derived by adding the amounts of loans past due 90 days or more, loans in non-accrual status and other real estate owned (primarily properties obtained through foreclosure) and dividing that amount by the bank's capital and loan loss reserves. It is reported as a percentage. For example, a bank with $100,000 in "troubled assets" and $1,000,000 in capital would have a "troubled asset ratio" of 10 percent. For a fuller explanation, see our methodology.