Heritage Bank in Spencer, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Heritage Bank - Overview

  • General
  • FDIC Certificate #: 12513
    Status: Active
    Federal Reserve ID: 114149
    Bank Holding Company (Regulatory Top Holder): Spencer Bancorporation, Inc. (RSSDID: 1206407, Location: Spencer, WI)
    Date Established: June 13, 1908
    WWW: http://www.heritagebankwi.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 10502
    FDIC's unique #: 7961
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 West Clark Street, Spencer, WI 54479
    County: Marathon
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Eau Claire
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Wausau, WI (#8940)
    Combined Statistical Area (CSA): Wausau-Merrill, WI (#554)
    Core Based Statistical Area (CBSA): Wausau, WI (#48140)
    CBSA Metro Statistical Area: Wausau, WI (#48140)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $102.3 mil
    Equity capital: $9.7 mil
    Deposits held in domestic offices: $86.2 mil
    Return on assets (ROA): 0.79% ($0.8 mil)
    Quarterly return on assets: 0.76% ($0.8 mil)
    Return on Equity (ROE): 8.27% ($0.8 mil)
    Quarterly return on equity: 7.90% ($0.8 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.13% ($1,156.5 mil)
    Quarterly Pretax return on assets: 1.07% ($1,095.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $102,343Total assets
  • $14,568Cash and due from depository institutions
  • $12,297Interest-bearing balances
  • $12,468Securities
  • $1,515Federal funds sold & reverse repurchase agreements
  • $67,615Net loans & leases
  • $1,079Loan loss allowance
  • $0Trading account assets
  • $2,638Bank premises and fixed assets
  • $108Other real estate owned
  • $0Goodwill and other intangibles
  • $102,343Life insurance assets
  • $3,431All other assets
  • $92,684Total liabilities and capital
  • $86,190Total liabilities
  • $71,822Total deposits
  • $86,190Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 5629.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $865Subordinated debt
  • $9,659All other liabilities
  • $9,659Total equity capital
  • $9,659Total bank equity capital
  • $0Perpetual preferred stock
  • $450Common stock
  • $1,450Surplus
  • $7,759Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $266Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $670Income earned, not collected on loans
  • $0Earning assets
  • $276Long-term assets (5+ years)
  • $93,895Average Assets, year-to-date
  • $8,402Average Assets, quarterly
  • $96,167Volatile liabilities
  • $99,140Insider loans
  • $69,884FHLB advances
  • $99,143Loans and leases held for sale
  • $2,327Unused loan commitments
  • $1,135Tier 1 (core) risk-based capital
  • $9,348Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,192Total unused commitments
  • $7,086Restructured Loans and leases
  • $653Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,321Total interest income
  • $934Total interest expense
  • $3,387Net interest income
  • $400Provision for loan and lease losses
  • $424Total noninterest income
  • $0Fiduciary activities
  • $277Service charges on deposit accounts
  • $0Trading account gains & fees
  • $147Additional noninterest income
  • $2,324Total noninterest expense
  • $1,386Salaries and employee benefits
  • $396Premises and equipment expense
  • $542Additional noninterest expense
  • $1,087Pre-tax net operating income
  • $0Securities gains (losses)
  • $325Applicable income taxes
  • $762Income before extraordinary items
  • $0Extraordinary gains - net
  • $762Net income attributable to bank
  • $0Net charge-offs
  • $762Cash dividends
  • $185Sale, conversion, retirement of capital stock, net
  • $90Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 2.64%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 8.27%Return on equity (ROE)
  • 7.29%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 216.22%Credit loss provision to net charge-offs
  • 8.04%Efficiency ratio
  • 60,981Assets per employee
  • 4.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.81%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 161.04%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 0.98%Net loans and leases to deposits
  • 78.45%Net loans and leases to core deposits
  • 80.48%Equity capital to assets
  • 9.44%Core capital (leverage) ratio
  • 9.43%Tier 1 risk-based capital ratio
  • 13.38%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $96,167Average earning assets
  • $9,212Average equity
  • $87,864Average loans

List of branches

  • 2 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07961Heritage Bank201 West Clark Street, Spencer, WI 54479June 13, 1908Full Service Brick and Mortar
    1227286Marshfield Branch909 North Central, Marshfield, WI 54449May 16, 1994Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Heritage Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents