Heritage Bank, National Association in Jonesboro, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

Heritage Bank, National Association - Overview

  • General
  • FDIC Certificate #: 16983
    Status: Active
    Federal Reserve ID: 416348
    Bank Holding Company (Regulatory Top Holder): First National Security Company (RSSDID: 1426755, Location: Hot Springs, AR)
    Date Established: August 20, 1934
    WWW: http://www.heritagebankark.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 9771
    FDIC's unique #: 11057
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 08, 1934
    Last Structure Change Effective Date: July 01, 2010
    Last Structure Change Process Date: July 08, 2010
    Last Data Update: July 08, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2009 Browns Lane, Jonesboro, AR 72403
    County: Craighead
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Jonesboro, AR (#3700)
    Combined Statistical Area (CSA): Jonesboro-Paragould, AR (#308)
    Core Based Statistical Area (CBSA): Jonesboro, AR (#27860)
    CBSA Metro Statistical Area: Jonesboro, AR (#27860)
  • History of Changes
  • Name Change
    Change in Supervisory Agency
    Change in Chartering Agent
  • Financial Summary
  • Total assets: $241.9 mil
    Equity capital: $40.9 mil
    Deposits held in domestic offices: $193.8 mil
    Return on assets (ROA): 0.82% ($2.0 mil)
    Quarterly return on assets: 0.92% ($2.2 mil)
    Return on Equity (ROE): 4.96% ($2.0 mil)
    Quarterly return on equity: 5.46% ($2.2 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.29% ($3,120.5 mil)
    Quarterly Pretax return on assets: 1.45% ($3,507.6 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
  • 71Total employees (full-time equivalent)
  • $241,902Total assets
  • $10,073Cash and due from depository institutions
  • $49Interest-bearing balances
  • $23,017Securities
  • $8,204Federal funds sold & reverse repurchase agreements
  • $174,170Net loans & leases
  • $3,552Loan loss allowance
  • $0Trading account assets
  • $9,952Bank premises and fixed assets
  • $303Other real estate owned
  • $11,831Goodwill and other intangibles
  • $241,902Life insurance assets
  • $4,352All other assets
  • $200,973Total liabilities and capital
  • $193,818Total liabilities
  • $161,002Total deposits
  • $193,818Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,840Trading liabilities
  • $0Other borrowed funds
  • $1,315Subordinated debt
  • $40,929All other liabilities
  • $40,929Total equity capital
  • $40,929Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $38,477Surplus
  • $2,452Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,133Income earned, not collected on loans
  • $0Earning assets
  • $1,284Long-term assets (5+ years)
  • $205,440Average Assets, year-to-date
  • $17,828Average Assets, quarterly
  • $247,294Volatile liabilities
  • $246,522Insider loans
  • $173,732FHLB advances
  • $232,402Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $28,574Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,690Restructured Loans and leases
  • $438Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,192Total interest income
  • $1,915Total interest expense
  • $10,277Net interest income
  • $1,613Provision for loan and lease losses
  • $1,324Total noninterest income
  • $0Fiduciary activities
  • $864Service charges on deposit accounts
  • $0Trading account gains & fees
  • $460Additional noninterest income
  • $6,808Total noninterest expense
  • $3,630Salaries and employee benefits
  • $1,150Premises and equipment expense
  • $2,028Additional noninterest expense
  • $3,180Pre-tax net operating income
  • $7Securities gains (losses)
  • $1,155Applicable income taxes
  • $2,032Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,032Net income attributable to bank
  • $0Net charge-offs
  • $2,032Cash dividends
  • $253Sale, conversion, retirement of capital stock, net
  • $1,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.69%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 4.80%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 4.96%Return on equity (ROE)
  • 1.30%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 637.55%Credit loss provision to net charge-offs
  • 18.94%Efficiency ratio
  • 57,340Assets per employee
  • 3.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 73.82%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 313.50%Noncurrent assets plus other real estate owned to assets
  • 0.59%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 89.86%Net loans and leases to core deposits
  • 99.58%Equity capital to assets
  • 16.92%Core capital (leverage) ratio
  • 12.30%Tier 1 risk-based capital ratio
  • 16.45%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $247,294Average earning assets
  • $40,983Average equity
  • $214,092Average loans

List of branches

  • 8 Arkansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011057Heritage Bank, National Association2009 Browns Lane, Jonesboro, AR 72403August 20, 1934Full Service Brick and Mortar
    1245943Kentucky Street BranchKentucky Street, Caraway, AR 72419Febuary 24, 1993Full Service Brick and Mortar
    2239877Monette Branch301 East Drew Avenue, Monette, AR 72447July 01, 1996Full Service Brick and Mortar
    3239878Leachville Branch110-111 Main Street, Leachville, AR 72438June 10, 1998Full Service Brick and Mortar
    4239879South Caraway Road Branch1223 South Caraway Road, Jonesboro, AR 72401November 03, 1998Full Service Brick and Mortar
    5361846Downtown Branch319 East Street, Jonesboro, AR 72401Febuary 12, 2001Full Service Brick and Mortar
    6363700Manila Branch709 W. Fleeman, Manila, AR 72442March 25, 2002Full Service Brick and Mortar
    7461723Southwest Drive Branch3101 Southwest Drive, Jonesboro, AR 72404March 29, 2007Full Service Brick and Mortar

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