Heritage Bank, National Association in Phoenix, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

Heritage Bank, National Association - Overview

  • 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)

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
  • 25Total employees (full-time equivalent)
  • $103,577Total assets
  • $8,183Cash and due from depository institutions
  • $7,929Interest-bearing balances
  • $15,179Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $75,807Net loans & leases
  • $2,089Loan loss allowance
  • $0Trading account assets
  • $79Bank premises and fixed assets
  • $1,064Other real estate owned
  • $0Goodwill and other intangibles
  • $103,577Life insurance assets
  • $3,265All other assets
  • $91,444Total liabilities and capital
  • $80,170Total liabilities
  • $65,591Total deposits
  • $80,170Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $1,274Subordinated debt
  • $12,133All other liabilities
  • $12,133Total equity capital
  • $12,133Total bank equity capital
  • $0Perpetual preferred stock
  • $22,813Common stock
  • $29,813Surplus
  • $-40,493Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,131Income earned, not collected on loans
  • $0Earning assets
  • $366Long-term assets (5+ years)
  • $98,915Average Assets, year-to-date
  • $18,419Average Assets, quarterly
  • $115,681Volatile liabilities
  • $107,358Insider loans
  • $67,136FHLB advances
  • $108,572Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,628Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,866Restructured Loans and leases
  • $1,614Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,723Total interest income
  • $1,630Total interest expense
  • $4,093Net interest income
  • $1,250Provision for loan and lease losses
  • $513Total noninterest income
  • $0Fiduciary activities
  • $198Service charges on deposit accounts
  • $0Trading account gains & fees
  • $315Additional noninterest income
  • $6,432Total noninterest expense
  • $2,142Salaries and employee benefits
  • $417Premises and equipment expense
  • $3,873Additional noninterest expense
  • -$3,076Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$3,076Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,076Net income attributable to bank
  • $0Net charge-offs
  • -$3,076Cash dividends
  • $1,635Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 1.50%Cost of funding earning assets
  • 3.78%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 5.94%Noninterest expense to earning assets
  • -2.66%Net operating income to assets
  • -2.66%Return on assets (ROA)
  • -2.66%Pretax return on assets
  • -22.75%Return on equity (ROE)
  • -22.75%Retained earnings to average equity (YTD only)
  • 1.94%Net charge-offs to loans
  • 76.45%Credit loss provision to net charge-offs
  • -1.12%Efficiency ratio
  • 139,644Assets per employee
  • 4.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.68%Loss allowance to noncurrent loans
  • 184.70%Noncurrent assets plus other real estate owned to assets
  • 2.12%Noncurrent loans to loans
  • 1.45%Net loans and leases to deposits
  • 94.56%Net loans and leases to core deposits
  • 97.22%Equity capital to assets
  • 11.71%Core capital (leverage) ratio
  • 10.71%Tier 1 risk-based capital ratio
  • 17.32%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $115,681Average earning assets
  • $13,524Average equity
  • $108,340Average loans

List of branches

  • 2 Arizona Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0451203Heritage Bank, National Association4222 East Camelback Road, Suite J200, Phoenix, AZ 85018September 18, 2006Full Service Brick and Mortar
    5254874Broadway Branch1333 Broadway, Tempe, AZ 85282November 22, 1993Full Service Brick and Mortar

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