Call reports 2024
HERITAGE BANK MINNESOTA — 2024
What HERITAGE BANK MINNESOTA 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 | 101,927,000 | 101,613,000 | 103,302,000 | 102,606,000 |
| Total loans | 79,193,000 | 80,156,000 | 80,896,000 | 81,165,000 |
| Allowance for loan losses | 698,000 | 745,000 | 758,000 | 739,000 |
| Securities available for sale | 12,246,000 | 12,223,000 | 11,498,000 | 11,097,000 |
| Securities held to maturity | 566,000 | 567,000 | 568,000 | 569,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 83,838,000 | 84,399,000 | 90,181,000 | 86,909,000 |
| Interest-bearing deposits | 66,800,000 | 66,522,000 | 69,222,000 | 66,751,000 |
| Noninterest-bearing deposits | 17,038,000 | 17,877,000 | 20,958,000 | 20,158,000 |
| Equity capital | 6,149,000 | 6,237,000 | 6,754,000 | 6,368,000 |
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 | 1,282,000 | 2,625,000 | 3,988,000 | 5,369,000 |
| Interest expense | 504,000 | 1,033,000 | 1,550,000 | 2,041,000 |
| Net interest income | 778,000 | 1,592,000 | 2,438,000 | 3,328,000 |
| Noninterest income | 70,000 | 163,000 | 234,000 | 287,000 |
| Noninterest expense | 623,000 | 1,301,000 | 1,977,000 | 2,758,000 |
| Provision for loan losses | 36,000 | 72,000 | 108,000 | 304,000 |
| Pretax income | 189,000 | 382,000 | 587,000 | 553,000 |
| Income tax | 9,000 | 9,000 | 9,000 | 21,000 |
| Net income | 180,000 | 373,000 | 578,000 | 532,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,072,000 | 8,100,000 | 8,267,000 | 8,220,000 |
| Total capital | 8,770,000 | 8,845,000 | 9,025,000 | 8,959,000 |
| Risk-weighted assets | 69,422,000 | 74,309,000 | 76,133,000 | 77,794,000 |