Heritage Bank National Association in Spicer, Minnesota (MN), IA
Overview, Financial Summary, Detailed Financial Reports, Branches


Heritage Bank National Association - Overview

  • General
  • FDIC Certificate #: 19254
    Status: Active
    Federal Reserve ID: 901358
    Bank Holding Company (Regulatory Top Holder): Heritage Bancshares Group, Inc. (RSSDID: 2144739, Location: Willmar, MN)
    Date Established: October 08, 1964
    WWW: http://www.heritagebankna.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: 13 (Domestic: 13, Interstate: Yes)
    OTS Docket #: 11456
    FDIC's unique #: 13069
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: October 08, 1964
    Last Structure Change Effective Date: July 01, 2011
    Last Structure Change Process Date: July 27, 2011
    Last Data Update: July 27, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 South Street West, Spicer, MN 56288
    County: Kandiyohi
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Willmar, MN (#48820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $463.2 mil
    Equity capital: $44.1 mil
    Deposits held in domestic offices: $380.6 mil
    Return on assets (ROA): 1.16% ($5.4 mil)
    Quarterly return on assets: 1.30% ($6.0 mil)
    Return on Equity (ROE): 11.19% ($4.9 mil)
    Quarterly return on equity: 11.78% ($5.2 mil)
    Net income: $4.1 mil
    Quarterly Net income: $1.3 mil
    Pretax return on assets: 1.17% ($5,419.2 mil)
    Quarterly Pretax return on assets: 1.30% ($6,021.3 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
  • 113Total employees (full-time equivalent)
  • $463,178Total assets
  • $21,642Cash and due from depository institutions
  • $2,589Interest-bearing balances
  • $176,186Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $249,269Net loans & leases
  • $4,360Loan loss allowance
  • $0Trading account assets
  • $3,977Bank premises and fixed assets
  • $584Other real estate owned
  • $1,494Goodwill and other intangibles
  • $463,178Life insurance assets
  • $10,026All other assets
  • $419,055Total liabilities and capital
  • $380,615Total liabilities
  • $303,767Total deposits
  • $380,615Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 11435.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $24,906Trading liabilities
  • $0Other borrowed funds
  • $2,099Subordinated debt
  • $44,123All other liabilities
  • $44,123Total equity capital
  • $44,123Total bank equity capital
  • $0Perpetual preferred stock
  • $970Common stock
  • $28,049Surplus
  • $15,104Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,375Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,542Income earned, not collected on loans
  • $74Earning assets
  • $2,643Long-term assets (5+ years)
  • $428,044Average Assets, year-to-date
  • $85,942Average Assets, quarterly
  • $348,856Volatile liabilities
  • $400,471Insider loans
  • $294,269FHLB advances
  • $415,033Loans and leases held for sale
  • $2,510Unused loan commitments
  • $2,510Tier 1 (core) risk-based capital
  • $41,206Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $56,716Restructured Loans and leases
  • $4,092Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,181Total interest income
  • $2,421Total interest expense
  • $13,760Net interest income
  • $1,325Provision for loan and lease losses
  • $2,930Total noninterest income
  • $0Fiduciary activities
  • $808Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,122Additional noninterest income
  • $11,267Total noninterest expense
  • $6,912Salaries and employee benefits
  • $1,322Premises and equipment expense
  • $3,033Additional noninterest expense
  • $4,098Pre-tax net operating income
  • -$2Securities gains (losses)
  • $32Applicable income taxes
  • $4,064Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,064Net income attributable to bank
  • $0Net charge-offs
  • $4,064Cash dividends
  • $1,478Sale, conversion, retirement of capital stock, net
  • $2,550Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.07%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 4.31%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 11.19%Return on equity (ROE)
  • 4.17%Retained earnings to average equity (YTD only)
  • 0.64%Net charge-offs to loans
  • 89.65%Credit loss provision to net charge-offs
  • 3.67%Efficiency ratio
  • 67,124Assets per employee
  • 4.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.75%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 95.99%Noncurrent assets plus other real estate owned to assets
  • 1.11%Noncurrent loans to loans
  • 1.79%Net loans and leases to deposits
  • 65.49%Net loans and leases to core deposits
  • 99.06%Equity capital to assets
  • 9.53%Core capital (leverage) ratio
  • 9.93%Tier 1 risk-based capital ratio
  • 14.00%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $348,856Average earning assets
  • $36,321Average equity
  • $319,136Average loans

List of branches

  • 9 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    517451Heritage Bank, National Association Branch101 North Main Street, Holstein, IA 51025June 21, 1984Full Service Brick and Mortar
    6625Aurelia Branch148 Main Street, Aurelia, IA 51005August 12, 1931Full Service Brick and Mortar
    7186742Cushing Branch200-202 Main Street, Cushing, IA 51018June 12, 1978Full Service Brick and Mortar
    816017Lytton Branch200 Main Street, Lytton, IA 50561January 01, 1915Full Service Brick and Mortar
    91023Alta Main Branch202 Main Street, Alta, IA 51002January 01, 1927Full Service Brick and Mortar
    10174Anthon Main Branch15 East Main Street, Anthon, IA 51004December 14, 1929Full Service Brick and Mortar
    1143735Sioux City Branch4530 Singing Hills Boulevard, Sioux City, IA 51106January 01, 1955Full Service Brick and Mortar
    12451649Storm Lake Branch210 East 5th Street, Storm Lake, IA 50588March 06, 2006Full Service Brick and Mortar
    134769776th Street Branch600 Pierce Street, Sioux City, IA 51101May 01, 2008Full Service Brick and Mortar
  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013069Heritage Bank National Association120 South Street West, Spicer, MN 56288October 08, 1964Full Service Brick and Mortar
    26241Pennock Branch242 1st Street, Pennock, MN 56279January 01, 1904Full Service Brick and Mortar
    3419130Willmar Branch310 1st Street Sw, Willmar, MN 56201March 24, 2003Full Service Brick and Mortar
    41051Raymond Branch202 Cofield North, Raymond, MN 56282December 07, 1912Full Service Brick and Mortar

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