Heritage Bank in Saint George, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Heritage Bank in Saint George, Utah (UT)
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Heritage Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    041499Heritage Bank95 E Tabernacle St Ste 201, Saint George, UT 84770January 01, 1917Full Service Brick and Mortar

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