FDIC Certificate #: 28665 Status: Active Federal Reserve ID: 130671 Date Established: January 01, 1917 WWW:http://www.heritagebank-stgeorge.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 2078 FDIC's unique #: 41499 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: October 25, 1963 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 95 E Tabernacle St Ste 201, Saint George, UT 84770 County: Washington Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Salt Lake City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): St. George, UT (#41100) CBSA Metro Statistical Area: St. George, UT (#41100)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $80.3 mil Equity capital: $12.8 mil Deposits held in domestic offices: $40.5 mil Return on assets (ROA): 1.31% ($1.0 mil) Quarterly return on assets: 0.81% ($0.6 mil) Return on Equity (ROE): 10.42% ($1.4 mil) Quarterly return on equity: 5.16% ($0.7 mil) Net income: $1.2 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.31% ($1,051.9 mil) Quarterly Pretax return on assets: 0.81% ($650.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$80,294Total assets
$1,948Cash and due from depository institutions
$653Interest-bearing balances
$50,767Securities
$0Federal funds sold & reverse repurchase agreements
$2,465Net loans & leases
$300Loan loss allowance
$0Trading account assets
$6Bank premises and fixed assets
$0Other real estate owned
$74Goodwill and other intangibles
$80,294Life insurance assets
$25,034All other assets
$67,515Total liabilities and capital
$40,490Total liabilities
$40,219Total deposits
$40,490Interest-bearing deposits
$40Deposits held in domestic offices
11129.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$14,831Trading liabilities
$0Other borrowed funds
$1,065Subordinated debt
$12,779All other liabilities
$12,779Total equity capital
$12,779Total bank equity capital
$0Perpetual preferred stock
$400Common stock
$9,050Surplus
$3,329Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$96Income earned, not collected on loans
$0Earning assets
$146Long-term assets (5+ years)
$53,885Average Assets, year-to-date
$0Average Assets, quarterly
$91,021Volatile liabilities
$81,715Insider loans
$16,495FHLB advances
$79,056Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$11,541Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$16Restructured Loans and leases
$109Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,999Total interest income
$775Total interest expense
$1,224Net interest income
$181Provision for loan and lease losses
$802Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$802Additional noninterest income
$1,603Total noninterest expense
$860Salaries and employee benefits
$130Premises and equipment expense
$613Additional noninterest expense
$242Pre-tax net operating income
$947Securities gains (losses)
$0Applicable income taxes
$1,189Income before extraordinary items
$0Extraordinary gains - net
$1,189Net income attributable to bank
$0Net charge-offs
$1,189Cash dividends
-$22Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.06%Yield on earning assets
1.19%Cost of funding earning assets
1.87%Net interest margin
1.23%Noninterest income to earning assets
2.45%Noninterest expense to earning assets
0.27%Net operating income to assets
1.31%Return on assets (ROA)
1.31%Pretax return on assets
10.42%Return on equity (ROE)
10.42%Retained earnings to average equity (YTD only)
-0.72%Net charge-offs to loans
-822.73%Credit loss provision to net charge-offs
0.00%Efficiency ratio
79,121Assets per employee
11.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
10.85%Loss allowance to noncurrent loans
312.50%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
3.47%Net loans and leases to deposits
6.09%Net loans and leases to core deposits
8.54%Equity capital to assets
15.92%Core capital (leverage) ratio
14.60%Tier 1 risk-based capital ratio
69.97%Total risk-based capital ratio
Memoranda
$71Average assets
$91,021Average earning assets
$11,415Average equity
$65,382Average loans
List of branches
1 Utah Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
41499
Heritage Bank
95 E Tabernacle St Ste 201, Saint George, UT 84770
January 01, 1917
Full Service Brick and Mortar
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