Call reports 2023
HERITAGE BANK, INC. — 2023
What HERITAGE BANK, INC. 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 | 1,582,038,000 | 1,582,317,000 | 1,594,809,000 | 1,763,862,000 |
| Total loans | 986,715,000 | 1,002,301,000 | 1,019,105,000 | 1,036,469,000 |
| Allowance for loan losses | 13,721,000 | 13,646,000 | 13,463,000 | 13,902,000 |
| Securities available for sale | 462,412,000 | 449,100,000 | 416,630,000 | 466,453,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,387,240,000 | 1,340,013,000 | 1,474,650,000 | 1,631,821,000 |
| Interest-bearing deposits | 913,403,000 | 900,785,000 | 1,054,866,000 | 1,181,461,000 |
| Noninterest-bearing deposits | 473,837,000 | 439,228,000 | 419,784,000 | 450,360,000 |
| Equity capital | 81,204,000 | 81,077,000 | 67,142,000 | 95,044,000 |
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 | 16,432,000 | 34,249,000 | 52,981,000 | 73,666,000 |
| Interest expense | 5,032,000 | 12,103,000 | 20,450,000 | 30,601,000 |
| Net interest income | 11,400,000 | 22,146,000 | 32,531,000 | 43,065,000 |
| Noninterest income | 1,602,000 | 4,779,000 | 6,620,000 | 9,076,000 |
| Noninterest expense | 8,078,000 | 16,816,000 | 24,596,000 | 32,407,000 |
| Provision for loan losses | 152,000 | 256,000 | 156,000 | 651,000 |
| Pretax income | 4,772,000 | 9,853,000 | 14,399,000 | 19,083,000 |
| Income tax | 983,000 | 1,941,000 | 2,829,000 | 3,175,000 |
| Net income | 3,789,000 | 7,912,000 | 11,570,000 | 15,908,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 127,769,000 | 131,891,000 | 135,550,000 | 138,422,000 |
| Total capital | 141,490,000 | 145,537,000 | 149,013,000 | 152,324,000 |
| Risk-weighted assets | 1,237,668,000 | 1,242,375,000 | 1,291,108,000 | 1,301,416,000 |