Call reports 2011
HERITAGE BANK — 2011
What HERITAGE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 54,036,000 | 56,069,000 | 60,529,000 | 65,282,000 |
| Total loans | 34,613,000 | 40,693,000 | 44,414,000 | 47,485,000 |
| Allowance for loan losses | 419,000 | 465,000 | 520,000 | 576,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 300,000 | 300,000 | 300,000 | 300,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,897,000 | 44,830,000 | 49,300,000 | 53,792,000 |
| Interest-bearing deposits | 31,721,000 | 33,617,000 | 36,621,000 | 38,889,000 |
| Noninterest-bearing deposits | 11,176,000 | 11,213,000 | 12,679,000 | 14,903,000 |
| Equity capital | 11,077,000 | 11,065,000 | 11,075,000 | 11,343,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 491,000 | 1,079,000 | 1,833,000 | 2,582,000 |
| Interest expense | 91,000 | 193,000 | 289,000 | 387,000 |
| Net interest income | 400,000 | 886,000 | 1,544,000 | 2,195,000 |
| Noninterest income | 32,000 | 69,000 | 142,000 | 201,000 |
| Noninterest expense | 723,000 | 1,421,000 | 2,080,000 | 2,705,000 |
| Provision for loan losses | 25,000 | 80,000 | 137,000 | 194,000 |
| Pretax income | -316,000 | -546,000 | -531,000 | -503,000 |
| Income tax | -107,000 | -185,000 | -180,000 | -170,000 |
| Net income | -209,000 | -361,000 | -351,000 | -333,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,439,000 | 8,349,000 | 8,367,000 | 7,900,000 |
| Total capital | 8,858,000 | 8,814,000 | 8,887,000 | 8,476,000 |
| Risk-weighted assets | 38,135,000 | 45,604,000 | 49,997,000 | 51,388,000 |