Call reports 2023
HERITAGE BANK — 2023
What HERITAGE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 7,233,406,000 | 7,111,481,000 | 7,146,237,000 | 7,171,501,000 |
| Total loans | 4,127,472,000 | 4,252,096,000 | 4,267,121,000 | 4,335,627,000 |
| Allowance for loan losses | 44,469,000 | 46,408,000 | 46,947,000 | 47,999,000 |
| Securities available for sale | 1,318,072,000 | 1,276,550,000 | 1,147,547,000 | 1,134,353,000 |
| Securities held to maturity | 760,163,000 | 754,276,000 | 746,845,000 | 739,442,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,800,294,000 | 5,611,189,000 | 5,649,764,000 | 5,615,623,000 |
| Interest-bearing deposits | 3,806,112,000 | 3,738,050,000 | 3,845,894,000 | 3,884,025,000 |
| Noninterest-bearing deposits | 1,994,182,000 | 1,873,139,000 | 1,803,870,000 | 1,731,598,000 |
| Equity capital | 833,335,000 | 822,193,000 | 816,829,000 | 856,460,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 66,664,000 | 136,736,000 | 210,203,000 | 284,465,000 |
| Interest expense | 6,346,000 | 20,102,000 | 37,417,000 | 57,262,000 |
| Net interest income | 60,318,000 | 116,634,000 | 172,786,000 | 227,203,000 |
| Noninterest income | 8,824,000 | 16,381,000 | 24,864,000 | 31,940,000 |
| Noninterest expense | 40,183,000 | 80,134,000 | 119,873,000 | 161,124,000 |
| Provision for loan losses | 1,713,000 | 3,701,000 | 3,066,000 | 4,736,000 |
| Pretax income | 26,848,000 | 48,861,000 | 72,695,000 | 81,508,000 |
| Income tax | 4,691,000 | 8,186,000 | 12,211,000 | 13,045,000 |
| Net income | 22,157,000 | 40,675,000 | 60,484,000 | 68,463,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 672,033,000 | 676,172,000 | 686,574,000 | 686,273,000 |
| Total capital | 715,181,000 | 721,180,000 | 731,872,000 | 732,379,000 |
| Risk-weighted assets | 5,157,955,000 | 5,265,043,000 | 5,307,299,000 | 5,310,094,000 |