Heritage Bank, National Association in Phoenix, Arizona (AZ)
| Heritage Bank, National Association | |
|---|---|
| General | FDIC Certificate #: 58416 Status: Active Federal Reserve ID: 3453867 Bank Holding Company (Regulatory Top Holder): Ameri-National Corporation (RSSDID: 2772990, Location: Overland Park, KS) Date Established: September 18, 2006 WWW: http://www.heritagebankaz.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: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 451203 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: September 18, 2006 Last Structure Change Effective Date: September 20, 2006 Last Structure Change Process Date: September 20, 2006 Last Data Update: September 20, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 4222 East Camelback Road, Suite J200, Phoenix, AZ 85018 County: Maricopa Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Kansas City FDIC Field Office: Phoenix Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200) Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060) CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060) |
| History of Changes | Change in Geographic Region/Area/Territory/Field Office |
| Financial Summary | Total assets: $103.6 mil Equity capital: $12.1 mil Deposits held in domestic offices: $80.2 mil Return on assets (ROA): -2.66% (-$2.8 mil) Quarterly return on assets: -2.87% (-$3.0 mil) Return on Equity (ROE): -22.75% (-$2.7 mil) Quarterly return on equity: -24.52% (-$2.9 mil) Net income: -$3.1 mil Quarterly Net income: -$0.8 mil Pretax return on assets: -2.66% (-$2,755.1 mil) Quarterly Pretax return on assets: -2.87% (-$2,972.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 25 |
| Total assets | $103,577 |
| Cash and due from depository institutions | $8,183 |
| Interest-bearing balances | $7,929 |
| Securities | $15,179 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $75,807 |
| Loan loss allowance | $2,089 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $79 |
| Other real estate owned | $1,064 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,265 |
| Life insurance assets | $103,577 |
| Total liabilities and capital | $91,444 |
| Total liabilities | $80,170 |
| Total deposits | $65,591 |
| Interest-bearing deposits | $80,170 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $10,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,274 |
| All other liabilities | $12,133 |
| Total equity capital | $12,133 |
| Total bank equity capital | $12,133 |
| Perpetual preferred stock | $0 |
| Common stock | $22,813 |
| Surplus | $29,813 |
| Undivided profits | $-40,493 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $1,131 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $366 |
| Average Assets, year-to-date | $98,915 |
| Average Assets, quarterly | $18,419 |
| Volatile liabilities | $115,681 |
| Insider loans | $107,358 |
| FHLB advances | $67,136 |
| Loans and leases held for sale | $108,572 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $11,628 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $6,866 |
| Derivatives | $1,614 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $5,723 |
| Total interest expense | $1,630 |
| Net interest income | $4,093 |
| Provision for loan and lease losses | $1,250 |
| Total noninterest income | $513 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $198 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $315 |
| Total noninterest expense | $6,432 |
| Salaries and employee benefits | $2,142 |
| Premises and equipment expense | $417 |
| Additional noninterest expense | $3,873 |
| Pre-tax net operating income | -$3,076 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$3,076 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$3,076 |
| Net charge-offs | $0 |
| Cash dividends | -$3,076 |
| Sale, conversion, retirement of capital stock, net | $1,635 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.28% |
| Cost of funding earning assets | 1.50% |
| Net interest margin | 3.78% |
| Noninterest income to earning assets | 0.47% |
| Noninterest expense to earning assets | 5.94% |
| Net operating income to assets | -2.66% |
| Return on assets (ROA) | -2.66% |
| Pretax return on assets | -2.66% |
| Return on equity (ROE) | -22.75% |
| Retained earnings to average equity (YTD only) | -22.75% |
| Net charge-offs to loans | 1.94% |
| Credit loss provision to net charge-offs | 76.45% |
| Efficiency ratio | -1.12% |
| Assets per employee | $139,644 |
| Cash dividends to net income (YTD only) | 4.14% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.68% |
| Noncurrent assets plus other real estate owned to assets | 184.70% |
| Noncurrent loans to loans | 2.12% |
| Net loans and leases to deposits | 1.45% |
| Net loans and leases to core deposits | 94.56% |
| Equity capital to assets | 97.22% |
| Core capital (leverage) ratio | 11.71% |
| Tier 1 risk-based capital ratio | 10.71% |
| Total risk-based capital ratio | 17.32% |
| Memoranda | |
| Average assets | $19 |
| Average earning assets | $115,681 |
| Average equity | $13,524 |
| Average loans | $108,340 |
| 2 Arizona Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 451203 | Heritage Bank, National Association | 4222 East Camelback Road, Suite J200, Phoenix, AZ 85018 | September 18, 2006 | Full Service Brick and Mortar |  |
| 5 | 254874 | Broadway Branch | 1333 Broadway, Tempe, AZ 85282 | November 22, 1993 | Full Service Brick and Mortar |  |
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