Heritage Bank, Inc. in Erlanger, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Heritage Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 33119
    Status: Active
    Federal Reserve ID: 1469677
    Bank Holding Company (Regulatory Top Holder): Commonwealth Holdings, L.L.c. (RSSDID: 2332536, Location: Burlington, KY)
    Date Established: September 04, 1990
    WWW: http://www.heritagebank-ky.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 9950
    FDIC's unique #: 46353
    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: September 04, 1990
    Last Structure Change Effective Date: September 03, 2010
    Last Structure Change Process Date: September 03, 2010
    Last Data Update: September 03, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 456 Commonwealth Avenue, Erlanger, KY 41018
    County: Kenton
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Lexington
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Cincinnati, OH-KY-IN (#1640)
    Consolidated Metropolitan Statistical Area (CMSA): Cincinnati-Hamilton, OH-KY-IN (#21)
    Combined Statistical Area (CSA): Cincinnati-Middletown-Wilmington, OH-KY-IN (#178)
    Core Based Statistical Area (CBSA): Cincinnati-Middletown, OH-KY-IN (#17140)
    CBSA Metro Statistical Area: Cincinnati-Middletown, OH-KY-IN (#17140)
  • Financial Summary
  • Total assets: $397.1 mil
    Equity capital: $39.4 mil
    Deposits held in domestic offices: $338.6 mil
    Return on assets (ROA): 0.99% ($3.9 mil)
    Quarterly return on assets: 1.04% ($4.1 mil)
    Return on Equity (ROE): 10.26% ($4.0 mil)
    Quarterly return on equity: 10.39% ($4.1 mil)
    Net income: $3.8 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.48% ($5,877.6 mil)
    Quarterly Pretax return on assets: 1.55% ($6,155.6 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
  • 80Total employees (full-time equivalent)
  • $397,136Total assets
  • $9,696Cash and due from depository institutions
  • $193Interest-bearing balances
  • $49,712Securities
  • $17,463Federal funds sold & reverse repurchase agreements
  • $302,051Net loans & leases
  • $4,423Loan loss allowance
  • $0Trading account assets
  • $8,682Bank premises and fixed assets
  • $4,705Other real estate owned
  • $0Goodwill and other intangibles
  • $397,136Life insurance assets
  • $4,827All other assets
  • $357,768Total liabilities and capital
  • $338,619Total liabilities
  • $299,733Total deposits
  • $338,619Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 4600.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,000Trading liabilities
  • $0Other borrowed funds
  • $2,549Subordinated debt
  • $39,368All other liabilities
  • $39,368Total equity capital
  • $39,368Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $16,000Surplus
  • $21,368Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,115Income earned, not collected on loans
  • $0Earning assets
  • $1,386Long-term assets (5+ years)
  • $369,419Average Assets, year-to-date
  • $40,056Average Assets, quarterly
  • $388,399Volatile liabilities
  • $388,909Insider loans
  • $305,917FHLB advances
  • $405,324Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $38,888Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,301Restructured Loans and leases
  • $381Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,783Total interest income
  • $3,637Total interest expense
  • $16,146Net interest income
  • $1,368Provision for loan and lease losses
  • $955Total noninterest income
  • $0Fiduciary activities
  • $1,229Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$274Additional noninterest income
  • $9,986Total noninterest expense
  • $4,767Salaries and employee benefits
  • $1,006Premises and equipment expense
  • $4,213Additional noninterest expense
  • $5,747Pre-tax net operating income
  • $8Securities gains (losses)
  • $1,914Applicable income taxes
  • $3,841Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,841Net income attributable to bank
  • $0Net charge-offs
  • $3,841Cash dividends
  • $1,693Sale, conversion, retirement of capital stock, net
  • $505Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.48%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 4.47%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • 0.99%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.48%Pretax return on assets
  • 10.26%Return on equity (ROE)
  • 8.91%Retained earnings to average equity (YTD only)
  • 0.56%Net charge-offs to loans
  • 80.80%Credit loss provision to net charge-offs
  • 4.20%Efficiency ratio
  • 58,394Assets per employee
  • 4.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 13.15%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 72.33%Noncurrent assets plus other real estate owned to assets
  • 2.72%Noncurrent loans to loans
  • 2.00%Net loans and leases to deposits
  • 89.20%Net loans and leases to core deposits
  • 101.95%Equity capital to assets
  • 9.91%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 12.71%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $388,399Average earning assets
  • $37,440Average equity
  • $361,109Average loans

List of branches

  • 10 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046353Heritage Bank, Inc.456 Commonwealth Avenue, Erlanger, KY 41018September 04, 1990Full Service Brick and Mortar
    1289233Florence Branch7434 U.S. Highway 42, Florence, KY 41042September 24, 1993Full Service Brick and Mortar
    2289234Union Branch8751 U.S. Highway 42, Union, KY 41091July 10, 1996Full Service Brick and Mortar
    3289235Burlington Branch1818 Florence Pike, Burlington, KY 41005September 09, 1996Full Service Brick and Mortar
    4289236Fort Wright Branch1911 Dixie Highway, Fort Wright, KY 41011September 28, 1998Full Service Brick and Mortar
    5357588Hebron Branch2101 Medical Arts Drive, Hebron, KY 41048January 15, 2000Full Service Brick and Mortar
    6419716Cold Spring Branch4929 Alexandria Pike, Cold Spring, KY 41076April 01, 2003Full Service Brick and Mortar
    8442639Crescent Springs Branch612 Buttermilk Pike, Crescent Springs, KY 41017March 01, 2005Full Service Brick and Mortar
    9469178Walton Branch235 Mary Grubbs Highway, Walton, KY 41094October 03, 2007Full Service Brick and Mortar
    10510617Dry Ridge Branch48 Broadway, Dry Ridge, KY 41035December 01, 2009Full Service Brick and Mortar

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