Heritage Bank in Jonesboro, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Heritage Bank - Overview

  • General
  • FDIC Certificate #: 30846
    Status: Active
    Federal Reserve ID: 628178
    Bank Holding Company (Regulatory Top Holder): Ccf Holding Company (RSSDID: 2708159, Location: Jonesboro, GA)
    Date Established: January 01, 1955
    WWW: http://www.heritagebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 6005
    FDIC's unique #: 43680
    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: Febuary 09, 1956
    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: 101 North Main St, Jonesboro, GA 30236
    County: Clayton
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $367.1 mil
    Equity capital: $18.0 mil
    Deposits held in domestic offices: $329.6 mil
    Return on assets (ROA): -0.32% (-$1.2 mil)
    Quarterly return on assets: -0.05% (-$0.2 mil)
    Return on Equity (ROE): -6.76% (-$1.2 mil)
    Quarterly return on equity: -1.13% (-$0.2 mil)
    Net income: -$1.2 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.32% (-$1,174.6 mil)
    Quarterly Pretax return on assets: -0.05% (-$183.5 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
  • 79Total employees (full-time equivalent)
  • $367,074Total assets
  • $44,106Cash and due from depository institutions
  • $41,869Interest-bearing balances
  • $41,325Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $237,217Net loans & leases
  • $5,379Loan loss allowance
  • $0Trading account assets
  • $6,016Bank premises and fixed assets
  • $28,575Other real estate owned
  • $0Goodwill and other intangibles
  • $367,074Life insurance assets
  • $9,835All other assets
  • $349,121Total liabilities and capital
  • $329,612Total liabilities
  • $293,237Total deposits
  • $329,612Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 15927.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,582Subordinated debt
  • $17,953All other liabilities
  • $17,953Total equity capital
  • $17,953Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $11,882Surplus
  • $5,971Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,756Income earned, not collected on loans
  • $91Earning assets
  • $986Long-term assets (5+ years)
  • $320,411Average Assets, year-to-date
  • $83,460Average Assets, quarterly
  • $382,125Volatile liabilities
  • $373,941Insider loans
  • $261,339FHLB advances
  • $372,930Loans and leases held for sale
  • $7,030Unused loan commitments
  • $7,030Tier 1 (core) risk-based capital
  • $17,428Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,988Restructured Loans and leases
  • $3,164Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,295Total interest income
  • $3,952Total interest expense
  • $11,343Net interest income
  • $2,700Provision for loan and lease losses
  • $1,277Total noninterest income
  • $0Fiduciary activities
  • $1,059Service charges on deposit accounts
  • $0Trading account gains & fees
  • $218Additional noninterest income
  • $11,478Total noninterest expense
  • $4,976Salaries and employee benefits
  • $1,612Premises and equipment expense
  • $4,890Additional noninterest expense
  • -$1,558Pre-tax net operating income
  • $332Securities gains (losses)
  • $0Applicable income taxes
  • -$1,226Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,226Net income attributable to bank
  • $0Net charge-offs
  • -$1,226Cash dividends
  • $4,763Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.40%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • -0.41%Net operating income to assets
  • -0.32%Return on assets (ROA)
  • -0.32%Pretax return on assets
  • -6.76%Return on equity (ROE)
  • -6.76%Retained earnings to average equity (YTD only)
  • 1.87%Net charge-offs to loans
  • 56.69%Credit loss provision to net charge-offs
  • 0.24%Efficiency ratio
  • 90,951Assets per employee
  • 4.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.22%Loss allowance to noncurrent loans
  • 69.35%Noncurrent assets plus other real estate owned to assets
  • 9.90%Noncurrent loans to loans
  • 3.20%Net loans and leases to deposits
  • 71.97%Net loans and leases to core deposits
  • 82.40%Equity capital to assets
  • 4.89%Core capital (leverage) ratio
  • 4.67%Tier 1 risk-based capital ratio
  • 6.67%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $382,125Average earning assets
  • $18,148Average equity
  • $333,770Average loans

List of branches

  • 7 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043680Heritage Bank101 North Main St, Jonesboro, GA 30236January 01, 1955Full Service Brick and Mortar
    12824344895 Evans Street Branch822 Main Street, Forest Park, GA 30297January 01, 1955Full Service Brick and Mortar
    5282438Keys Ferry Branch203 Keys Ferry Street, Mcdonough, GA 30253April 21, 1997Full Service Brick and Mortar
    6282439Fayetteville Branch440 North Jeff Davis Drive, Fayetteville, GA 30214October 06, 1997Full Service Brick and Mortar
    7360438Branch Messenger Service - Clayton, Fayette, & Henry Counties242 East Stockbridge Road, Jonesboro, GA 30236April 18, 2001Limited Service Messenger
    9422897Highway 20/81 Branch860 Highway 20/81 West, Mcdonough, GA 30253August 13, 2003Full Service Brick and Mortar
    10429802Stockbridge Branch830 Eagles Landing Parkway, Suite 100, Stockbridge, GA 30281July 21, 2004Full Service Brick and Mortar

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