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 | 120,359,000 | 128,650,000 | 134,585,000 | 142,302,000 |
| Total loans | 97,902,000 | 107,816,000 | 113,480,000 | 124,149,000 |
| Allowance for loan losses | 1,196,000 | 1,271,000 | 1,346,000 | 1,556,000 |
| Securities available for sale | 5,681,000 | 5,395,000 | 5,463,000 | 5,158,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 101,326,000 | 103,920,000 | 114,853,000 | 119,801,000 |
| Interest-bearing deposits | 86,178,000 | 85,633,000 | 98,943,000 | 105,593,000 |
| Noninterest-bearing deposits | 15,148,000 | 18,287,000 | 15,910,000 | 14,208,000 |
| Equity capital | 12,174,000 | 12,605,000 | 13,113,000 | 13,208,000 |
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 | 1,842,000 | 3,865,000 | 6,138,000 | 8,511,000 |
| Interest expense | 701,000 | 1,555,000 | 2,619,000 | 3,709,000 |
| Net interest income | 1,141,000 | 2,310,000 | 3,519,000 | 4,802,000 |
| Noninterest income | 54,000 | 95,000 | 134,000 | 178,000 |
| Noninterest expense | 668,000 | 1,362,000 | 2,087,000 | 2,962,000 |
| Provision for loan losses | 120,000 | 195,000 | 270,000 | 495,000 |
| Pretax income | 407,000 | 848,000 | 1,296,000 | 1,523,000 |
| Income tax | 0 | 0 | 0 | 40,000 |
| Net income | 407,000 | 848,000 | 1,296,000 | 1,483,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,212,000 | 12,629,000 | 13,053,000 | 13,217,000 |
| Total capital | 13,408,000 | 13,900,000 | 14,399,000 | 14,738,000 |
| Risk-weighted assets | 101,216,000 | 110,805,000 | 111,569,000 | 121,708,000 |