Call reports 2024
HERITAGE BANK — 2024
What HERITAGE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 7,087,265,000 | 7,055,270,000 | 7,148,305,000 | 7,102,467,000 |
| Total loans | 4,428,165,000 | 4,532,615,000 | 4,679,479,000 | 4,802,123,000 |
| Allowance for loan losses | 49,736,000 | 51,219,000 | 51,391,000 | 52,468,000 |
| Securities available for sale | 996,510,000 | 931,248,000 | 852,779,000 | 764,394,000 |
| Securities held to maturity | 734,006,000 | 727,342,000 | 719,400,000 | 703,285,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,534,560,000 | 5,519,246,000 | 5,709,767,000 | 5,689,346,000 |
| Interest-bearing deposits | 3,895,216,000 | 3,916,285,000 | 4,026,273,000 | 4,029,658,000 |
| Noninterest-bearing deposits | 1,639,344,000 | 1,602,961,000 | 1,683,494,000 | 1,659,688,000 |
| Equity capital | 863,710,000 | 864,841,000 | 890,897,000 | 877,952,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 74,353,000 | 150,935,000 | 230,752,000 | 309,712,000 |
| Interest expense | 22,279,000 | 47,214,000 | 73,534,000 | 98,222,000 |
| Net interest income | 52,074,000 | 103,721,000 | 157,218,000 | 211,490,000 |
| Noninterest income | 7,394,000 | 14,938,000 | 24,005,000 | 31,498,000 |
| Noninterest expense | 39,038,000 | 76,749,000 | 114,727,000 | 152,713,000 |
| Provision for loan losses | 1,704,000 | 3,174,000 | 5,879,000 | 6,983,000 |
| Pretax income | 9,065,000 | 27,356,000 | 42,558,000 | 61,251,000 |
| Income tax | 1,606,000 | 3,950,000 | 6,067,000 | 10,991,000 |
| Net income | 7,459,000 | 23,406,000 | 36,491,000 | 50,260,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 690,954,000 | 692,322,000 | 691,806,000 | 690,779,000 |
| Total capital | 740,051,000 | 742,703,000 | 742,092,000 | 742,221,000 |
| Risk-weighted assets | 5,345,348,000 | 5,396,310,000 | 5,496,694,000 | 5,625,029,000 |