Call reports 2023
HERITAGE BANK OF COMMERCE — 2023
What HERITAGE BANK OF COMMERCE 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 | 5,538,878,000 | 5,314,170,000 | 5,402,837,000 | 5,190,829,000 |
| Total loans | 3,264,707,000 | 3,291,920,000 | 3,286,302,000 | 3,352,583,000 |
| Allowance for loan losses | 47,273,000 | 47,803,000 | 47,702,000 | 47,958,000 |
| Securities available for sale | 491,751,000 | 486,058,000 | 457,194,000 | 442,636,000 |
| Securities held to maturity | 698,244,000 | 682,108,000 | 664,694,000 | 650,577,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,465,787,000 | 4,520,903,000 | 4,595,136,000 | 4,396,938,000 |
| Interest-bearing deposits | 2,975,456,000 | 3,180,928,000 | 3,331,956,000 | 3,085,973,000 |
| Noninterest-bearing deposits | 1,490,331,000 | 1,339,975,000 | 1,263,180,000 | 1,310,965,000 |
| Equity capital | 664,163,000 | 670,836,000 | 679,644,000 | 690,918,000 |
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 | 56,296,000 | 114,673,000 | 175,519,000 | 234,498,000 |
| Interest expense | 6,479,000 | 17,988,000 | 32,869,000 | 48,923,000 |
| Net interest income | 49,817,000 | 96,685,000 | 142,650,000 | 185,575,000 |
| Noninterest income | 2,743,000 | 4,781,000 | 6,943,000 | 8,798,000 |
| Noninterest expense | 24,502,000 | 48,541,000 | 72,735,000 | 97,283,000 |
| Provision for loan losses | 32,000 | 292,000 | 460,000 | 749,000 |
| Pretax income | 28,026,000 | 52,633,000 | 76,398,000 | 96,341,000 |
| Income tax | 8,094,000 | 15,240,000 | 22,134,000 | 27,693,000 |
| Net income | 19,932,000 | 37,393,000 | 54,264,000 | 68,648,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 502,735,000 | 512,818,000 | 522,611,000 | 529,836,000 |
| Total capital | 545,172,000 | 555,750,000 | 565,450,000 | 572,907,000 |
| Risk-weighted assets | 3,712,410,000 | 3,747,692,000 | 3,761,812,000 | 3,835,419,000 |