Call reports 2024
HERITAGE BANK, INC. — 2024
What HERITAGE BANK, INC. 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 | 1,771,784,000 | 1,739,081,000 | 1,755,374,000 | 1,881,712,000 |
| Total loans | 1,034,555,000 | 1,090,518,000 | 1,124,801,000 | 1,148,131,000 |
| Allowance for loan losses | 12,370,000 | 11,564,000 | 11,962,000 | 12,204,000 |
| Securities available for sale | 486,522,000 | 478,985,000 | 488,938,000 | 472,898,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,639,049,000 | 1,607,490,000 | 1,611,384,000 | 1,734,878,000 |
| Interest-bearing deposits | 1,170,546,000 | 1,119,873,000 | 1,125,402,000 | 1,193,341,000 |
| Noninterest-bearing deposits | 468,503,000 | 487,617,000 | 485,982,000 | 541,537,000 |
| Equity capital | 93,390,000 | 94,858,000 | 110,559,000 | 103,485,000 |
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 | 21,214,000 | 42,906,000 | 65,452,000 | 89,057,000 |
| Interest expense | 11,190,000 | 22,172,000 | 32,966,000 | 43,401,000 |
| Net interest income | 10,024,000 | 20,734,000 | 32,486,000 | 45,656,000 |
| Noninterest income | 1,930,000 | 3,975,000 | 6,844,000 | 10,829,000 |
| Noninterest expense | 9,540,000 | 17,942,000 | 27,599,000 | 37,388,000 |
| Provision for loan losses | -1,541,000 | -1,868,000 | -1,160,000 | -607,000 |
| Pretax income | 3,955,000 | 8,635,000 | 13,068,000 | 19,922,000 |
| Income tax | 790,000 | 1,684,000 | 2,540,000 | 3,237,000 |
| Net income | 3,165,000 | 6,951,000 | 10,528,000 | 16,685,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 141,583,000 | 144,563,000 | 148,141,000 | 152,238,000 |
| Total capital | 153,953,000 | 157,407,000 | 161,378,000 | 165,676,000 |
| Risk-weighted assets | 1,306,493,000 | 1,380,579,000 | 1,400,854,000 | 1,435,656,000 |