Heritage Bank in Marion, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Heritage Bank - Overview

  • General
  • FDIC Certificate #: 18463
    Status: Active
    Federal Reserve ID: 225942
    Bank Holding Company (Regulatory Top Holder): Delhi Bancshares, Inc. (RSSDID: 1205594, Location: Marion, IA)
    Date Established: March 01, 1899
    WWW: http://www.heritagebank.net
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 14744
    FDIC's unique #: 12361
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: December 07, 1961
    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: 695 Marion Boulevard, Marion, IA 52302
    County: Linn
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Cedar Rapids, IA (#1360)
    Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
    CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $35.9 mil
    Equity capital: $3.6 mil
    Deposits held in domestic offices: $32.1 mil
    Return on assets (ROA): 0.39% ($0.1 mil)
    Quarterly return on assets: -0.14% (-$0.1 mil)
    Return on Equity (ROE): 3.80% ($0.2 mil)
    Quarterly return on equity: -1.33% (-$0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.41% ($147.1 mil)
    Quarterly Pretax return on assets: -0.14% (-$50.2 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
  • 9Total employees (full-time equivalent)
  • $35,874Total assets
  • $881Cash and due from depository institutions
  • $0Interest-bearing balances
  • $17,668Securities
  • $1,098Federal funds sold & reverse repurchase agreements
  • $15,376Net loans & leases
  • $109Loan loss allowance
  • $0Trading account assets
  • $408Bank premises and fixed assets
  • $3Other real estate owned
  • $0Goodwill and other intangibles
  • $35,874Life insurance assets
  • $440All other assets
  • $32,267Total liabilities and capital
  • $32,122Total liabilities
  • $28,026Total deposits
  • $32,122Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $145Subordinated debt
  • $3,607All other liabilities
  • $3,607Total equity capital
  • $3,607Total bank equity capital
  • $0Perpetual preferred stock
  • $588Common stock
  • $2,422Surplus
  • $597Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $215Long-term assets (5+ years)
  • $34,142Average Assets, year-to-date
  • $17,816Average Assets, quarterly
  • $34,197Volatile liabilities
  • $35,149Insider loans
  • $17,570FHLB advances
  • $35,671Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,501Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,850Restructured Loans and leases
  • $980Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,717Total interest income
  • $406Total interest expense
  • $1,311Net interest income
  • $0Provision for loan and lease losses
  • $152Total noninterest income
  • $2Fiduciary activities
  • $59Service charges on deposit accounts
  • $0Trading account gains & fees
  • $91Additional noninterest income
  • $1,362Total noninterest expense
  • $653Salaries and employee benefits
  • $345Premises and equipment expense
  • $364Additional noninterest expense
  • $101Pre-tax net operating income
  • $39Securities gains (losses)
  • $7Applicable income taxes
  • $133Income before extraordinary items
  • $0Extraordinary gains - net
  • $133Net income attributable to bank
  • $0Net charge-offs
  • $133Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 4.18%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.39%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 3.80%Return on equity (ROE)
  • 3.80%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 10.10%Efficiency ratio
  • 93,096Assets per employee
  • 3.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.70%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 47.87%Net loans and leases to core deposits
  • 47.87%Equity capital to assets
  • 10.05%Core capital (leverage) ratio
  • 9.81%Tier 1 risk-based capital ratio
  • 19.93%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $34,197Average earning assets
  • $3,502Average equity
  • $32,547Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,558Managed Assets
  • 1Number of Accounts
  • $599Personal trust and agency accounts
  • $599Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 51Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,959Other retirement accounts
  • $27Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,932Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012361Heritage Bank695 Marion Boulevard, Marion, IA 52302March 01, 1899Full Service Brick and Mortar
    1245444Delhi Branch311 Franklin, Delhi, IA 52223March 11, 1996Full Service Brick and Mortar
    2433267Hiawatha Branch2250 Blairs Ferry Road, Hiawatha, IA 52233December 06, 2004Full Service Brick and Mortar

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