Call reports 2024
HERITAGE BANK OF COMMERCE — 2024
What HERITAGE BANK OF COMMERCE 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 | 5,254,044,000 | 5,260,499,000 | 5,548,577,000 | 5,641,646,000 |
| Total loans | 3,338,048,000 | 3,381,692,000 | 3,411,885,000 | 3,494,312,000 |
| Allowance for loan losses | 47,888,000 | 47,954,000 | 47,819,000 | 48,953,000 |
| Securities available for sale | 404,474,000 | 273,043,000 | 237,612,000 | 256,274,000 |
| Securities held to maturity | 636,261,000 | 621,190,000 | 604,205,000 | 590,028,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,464,683,000 | 4,463,159,000 | 4,747,657,000 | 4,836,934,000 |
| Interest-bearing deposits | 3,202,601,000 | 3,257,290,000 | 3,457,394,000 | 3,605,839,000 |
| Noninterest-bearing deposits | 1,262,082,000 | 1,205,869,000 | 1,290,263,000 | 1,231,095,000 |
| Equity capital | 694,543,000 | 697,964,000 | 704,585,000 | 709,379,000 |
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 | 57,624,000 | 116,755,000 | 178,283,000 | 243,022,000 |
| Interest expense | 16,920,000 | 36,003,000 | 56,989,000 | 76,899,000 |
| Net interest income | 40,704,000 | 80,752,000 | 121,294,000 | 166,123,000 |
| Noninterest income | 1,975,000 | 4,196,000 | 6,347,000 | 8,425,000 |
| Noninterest expense | 26,461,000 | 53,555,000 | 80,038,000 | 109,082,000 |
| Provision for loan losses | 184,000 | 655,000 | 808,000 | 2,139,000 |
| Pretax income | 16,078,000 | 30,821,000 | 46,906,000 | 63,434,000 |
| Income tax | 4,740,000 | 9,065,000 | 13,473,000 | 18,114,000 |
| Net income | 11,338,000 | 21,756,000 | 33,433,000 | 45,320,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 531,736,000 | 534,916,000 | 539,386,000 | 543,872,000 |
| Total capital | 577,519,000 | 580,727,000 | 585,034,000 | 590,658,000 |
| Risk-weighted assets | 3,829,097,000 | 3,846,732,000 | 3,872,418,000 | 3,914,648,000 |