Heritage Financial Group is a holding company. The Company operates through its wholly owned subsidiary, HeritageBank of the South (the Bank). The principal business of the Bank consists of attracting retail and commercial deposits from the general public and investing those funds primarily in permanent loans secured by first mortgages on owner-occupied, one- to four-family residences, multi-family residences and commercial property and a variety of consumer and commercial business loans. Revenues from this business are derived principally from interest on loans and securities and fee income. The Bank offers a variety of deposit accounts having a range of interest rates and terms, which generally include savings accounts, money market deposit and term certificate accounts and checking accounts. It solicits deposits in its market areas and, to a lesser extent, from brokered deposits.