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

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