719731--3/26/2010--HERITAGE_BANKSHARES_INC

related topics

{loss, insurance, financial}

{competitive, industry, competition}

{condition, economic, financial}

{stock, price, share}

{regulation, change, law}

{loan, real, estate}

{personnel, key, retain}

U.S. credit markets and economic conditions could adversely affect our liquidity, financial condition and profitability. Our need to comply with extensive and complex government regulation could have an adverse effect on our business. We rely heavily on our management team and on our ability to attract and retain key personnel. We depend on the profitability of the Bank. We may incur losses if we are unable to successfully manage interest rate risk. We may be adversely affected by economic conditions in our market area. Our loans secured by real estate may increase our credit losses, which would adversely affect our financial results. If our allowance for loan losses becomes inadequate, our results of operations may be adversely affected. We may suffer losses in the Bank s loan portfolio despite our underwriting practices; we could be adversely impacted by declines in credit quality. Our future success is dependent on our ability to compete effectively in the highly competitive banking industry. The costs of being a public bank holding company are proportionately higher for small companies like us. Our ability to operate profitably may be affected by our ability to implement technologies into our operations. There is a limited trading market for our common stock; it may be difficult to sell our shares after you have purchased them. Our participation in the TARP Capital Purchase Program may adversely affect the value of our common stock and the rights of our common stockholders.

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719731--3/26/2010--HERITAGE_BANKSHARES_INC_/VA