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 | 579,059,000 | 572,589,000 | 583,079,000 | 580,110,000 |
| Total loans | 182,426,000 | 187,714,000 | 206,229,000 | 223,702,000 |
| Allowance for loan losses | 2,009,000 | 2,009,000 | 2,009,000 | 2,134,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 378,151,000 | 355,741,000 | 345,649,000 | 324,936,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 430,735,000 | 420,015,000 | 404,421,000 | 407,775,000 |
| Interest-bearing deposits | 334,447,000 | 339,275,000 | 330,287,000 | 333,693,000 |
| Noninterest-bearing deposits | 96,288,000 | 80,739,000 | 74,134,000 | 74,082,000 |
| Equity capital | 108,901,000 | 112,303,000 | 114,613,000 | 117,973,000 |
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 | 6,802,000 | 13,650,000 | 20,984,000 | 28,428,000 |
| Interest expense | 1,388,000 | 2,947,000 | 4,683,000 | 6,333,000 |
| Net interest income | 5,414,000 | 10,703,000 | 16,301,000 | 22,095,000 |
| Noninterest income | 840,000 | 2,093,000 | 3,081,000 | 4,172,000 |
| Noninterest expense | 2,170,000 | 4,393,000 | 6,571,000 | 9,139,000 |
| Provision for loan losses | 0 | 0 | 0 | 120,000 |
| Pretax income | 4,084,000 | 8,403,000 | 12,811,000 | 17,008,000 |
| Income tax | 921,000 | 2,056,000 | 3,833,000 | 3,693,000 |
| Net income | 3,163,000 | 6,347,000 | 8,978,000 | 13,315,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 111,722,000 | 114,906,000 | 117,235,000 | 120,473,000 |