Call reports 2023
HERITAGE BANK, NATIONAL ASSOCIATION — 2023
What HERITAGE BANK, NATIONAL ASSOCIATION 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 | 465,101,000 | 505,868,000 | 555,703,000 | 577,771,000 |
| Total loans | 389,726,000 | 444,027,000 | 490,325,000 | 481,573,000 |
| Allowance for loan losses | 7,107,000 | 8,587,000 | 5,776,000 | 8,010,000 |
| Securities available for sale | 37,130,000 | 35,601,000 | 33,564,000 | 33,188,000 |
| Securities held to maturity | 3,032,000 | 3,032,000 | 3,031,000 | 3,030,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 390,362,000 | 417,566,000 | 440,579,000 | 461,042,000 |
| Interest-bearing deposits | 304,114,000 | 334,202,000 | 363,203,000 | 383,049,000 |
| Noninterest-bearing deposits | 86,248,000 | 83,364,000 | 77,376,000 | 77,993,000 |
| Equity capital | 42,635,000 | 39,146,000 | 37,975,000 | 38,107,000 |
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 | 6,731,000 | 14,300,000 | 22,766,000 | 31,314,000 |
| Interest expense | 1,534,000 | 3,576,000 | 6,547,000 | 10,232,000 |
| Net interest income | 5,197,000 | 10,724,000 | 16,219,000 | 21,082,000 |
| Noninterest income | 302,000 | 591,000 | 746,000 | 680,000 |
| Noninterest expense | 3,782,000 | 8,044,000 | 12,505,000 | 16,506,000 |
| Provision for loan losses | 2,120,000 | 6,988,000 | 8,792,000 | 11,961,000 |
| Pretax income | -403,000 | -3,717,000 | -4,332,000 | -6,705,000 |
| Income tax | 12,000 | 24,000 | 36,000 | 48,000 |
| Net income | -415,000 | -3,741,000 | -4,368,000 | -6,753,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,071,000 | 41,745,000 | 41,118,000 | 40,233,000 |
| Total capital | 50,079,000 | 46,900,000 | 46,452,000 | 45,397,000 |
| Risk-weighted assets | 398,551,000 | 408,965,000 | 426,233,000 | 410,325,000 |