Bank · FDIC insured
First Heritage Bank
A $72.1M bank headquartered in Shenandoah, IA, with 2 branches in Iowa.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: rates are not published online. Auto loans: no rates found on its website. Credit cards: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all).
- Savings660.05%0.95% with extra requirementsSavings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First Heritage Bank
Founded in Farragut in 1873, First Heritage Bank is an independent, locally owned community bank serving Southwest Iowa, Northwest Missouri, and Southeast Nebraska with locations in Farragut and Shenandoah, Iowa.
Chartered as a National bank in 1903, the bank built a Shenandoah office in 1996 and transitioned to a State charter under its current name in 2012.
- Headquarters
- 801 S Fremont St, Shenandoah, IA 51601
- FDIC certificate
- 4457 ↗
Branches
2 branches in Iowa
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Iowa
2 branches
Shenandoah area · 1
- First Heritage BankMain office801 S Fremont St, Shenandoah, IA 51601Directions
Farragut area · 1
- Farragut Branch612 Hartford Ave, Farragut, IA 51639Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.21% | 12.77% | 16.04% or more |
| Troubled loansNoncurrent | 0.00% | 0.46% | 0.00% or less |
| ProfitabilityReturn on assets | 1.82% | 0.99% | 1.52% or more |
| LendingLoans per $100 deposited | $93 | $67 | — |
- CapitalLeverage ratio10.21%Peers’ middle 12.77% · Top 25% 16.04%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.46% · Top 25% ≤0.00%
- ProfitabilityReturn on assets1.82%Peers’ middle 0.99% · Top 25% 1.52%+
- LendingLoans per $100 deposited$93Peers’ middle $67
Compared with the 546 banks with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of First Heritage Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.