Heritage Bank in Louisville, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 2007

  • Heritage Bank in Louisville, Colorado (CO)
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Heritage Bank - Overview

  • General
  • FDIC Certificate #: 90579
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Community Bank (#12261)
    Federal Reserve ID: 283054
    Date Established: May 21, 1973
    WWW: http://www.heritagebanks.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 14 (Interstate: No)
    OTS Docket #: 12000
    FDIC's unique #: 18064
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 21, 1987
    Last Structure Change Effective Date: March 01, 2007
    Last Structure Change Process Date: March 14, 2007
    Last Data Update: March 14, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1020 Century Drive, Suite 202, Louisville, CO 80027
    County: Boulder
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Boulder-Longmont, CO (#1125)
    Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Boulder, CO (#14500)
    CBSA Metro Statistical Area: Boulder, CO (#14500)
  • Financial Summary
  • Total assets: $435.1 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, 2006)

  • Dollar figures in thousands
  • 148Total employees (full-time equivalent)
  • $435,050Total assets
  • $15,911Cash and due from depository institutions
  • $771Interest-bearing balances
  • $68,823Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $309,634Net loans & leases
  • $4,086Loan loss allowance
  • $0Trading account assets
  • $11,383Bank premises and fixed assets
  • $8,853Other real estate owned
  • $0Goodwill and other intangibles
  • $8,731Life insurance assets
  • $20,446All other assets
  • $435,050Total liabilities and capital
  • $400,719Total liabilities
  • $370,924Total deposits
  • $310,085Interest-bearing deposits
  • $370,924Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $10,915Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $13,264Other borrowed funds
  • $0Subordinated debt
  • $5,616All other liabilities
  • $34,331Total equity capital
  • $34,331Total bank equity capital
  • $34,331Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $23,791Undivided profits
  • Memoranda
  • $10,040Noncurrent loans and leases
  • $66,319Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,194Earning assets
  • $0Long-term assets (5+ years)
  • $2,458Average Assets, year-to-date
  • $379,228Average Assets, quarterly
  • $70,513Volatile liabilities
  • $448,144Insider loans
  • $441,808FHLB advances
  • $98,208Loans and leases held for sale
  • $411Unused loan commitments
  • $13,264Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $66,319Total unused commitments
  • $2,330Restructured Loans and leases
  • $4,086Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $31,301Total interest income
  • $13,496Total interest expense
  • $17,805Net interest income
  • $2,457Provision for loan and lease losses
  • $814Total noninterest income
  • $0Fiduciary activities
  • $1,871Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,057Additional noninterest income
  • $17,429Total noninterest expense
  • $9,854Salaries and employee benefits
  • $2,906Premises and equipment expense
  • $4,669Additional noninterest expense
  • -$1,267Pre-tax net operating income
  • $169Securities gains (losses)
  • -$794Applicable income taxes
  • -$304Income before extraordinary items
  • $0Extraordinary gains - net
  • -$304Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,459Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.95%Yield on earning assets
  • 3.43%Cost of funding earning assets
  • 4.52%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 4.43%Noninterest expense to earning assets
  • -0.09%Net operating income to assets
  • -0.07%Return on assets (ROA)
  • -0.25%Pretax return on assets
  • -0.88%Return on equity (ROE)
  • -0.88%Retained earnings to average equity (YTD only)
  • 0.45%Net charge-offs to loans
  • 168.40%Credit loss provision to net charge-offs
  • 0.82%Efficiency ratio
  • 93,609Assets per employee
  • 2.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 97.42%Noncurrent assets plus other real estate owned to assets
  • 3.00%Noncurrent loans to loans
  • 1.34%Net loans and leases to deposits
  • 83.48%Net loans and leases to core deposits
  • 106.55%Equity capital to assets
  • 7.89%Core capital (leverage) ratio
  • 7.99%Tier 1 risk-based capital ratio
  • 9.63%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $448,144Average earning assets
  • $34,355Average equity
  • $393,621Average loans

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