Heritage Bank of Nevada in Reno, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches


Heritage Bank of Nevada - Overview

  • General
  • FDIC Certificate #: 34072
    Status: Active
    Federal Reserve ID: 2349301
    Bank Holding Company (Regulatory Top Holder): Heritage Bancorp (RSSDID: 3162486, Location: Reno, NV)
    Date Established: October 09, 1995
    WWW: http://www.heritagebanknevada.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 56209
    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: October 09, 1995
    Last Structure Change Effective Date: Febuary 26, 2010
    Last Structure Change Process Date: March 02, 2010
    Last Data Update: March 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1401 South Virginia Street, Reno, NV 89502
    County: Washoe
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Phoenix
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Reno, NV (#6720)
    Combined Statistical Area (CSA): Reno-Sparks-Fernley, NV (#456)
    Core Based Statistical Area (CBSA): Reno-Sparks, NV (#39900)
    CBSA Metro Statistical Area: Reno-Sparks, NV (#39900)
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
    Corrections
  • Financial Summary
  • Total assets: $489.7 mil
    Equity capital: $45.2 mil
    Deposits held in domestic offices: $441.7 mil
    Return on assets (ROA): 0.86% ($4.2 mil)
    Quarterly return on assets: 0.19% ($0.9 mil)
    Return on Equity (ROE): 9.11% ($4.1 mil)
    Quarterly return on equity: 2.09% ($0.9 mil)
    Net income: $4.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.29% ($6,317.5 mil)
    Quarterly Pretax return on assets: 0.12% ($587.7 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
  • 65Total employees (full-time equivalent)
  • $489,732Total assets
  • $71,925Cash and due from depository institutions
  • $67,937Interest-bearing balances
  • $69,827Securities
  • $975Federal funds sold & reverse repurchase agreements
  • $323,105Net loans & leases
  • $6,220Loan loss allowance
  • $0Trading account assets
  • $6,017Bank premises and fixed assets
  • $4,514Other real estate owned
  • $0Goodwill and other intangibles
  • $489,732Life insurance assets
  • $13,369All other assets
  • $444,573Total liabilities and capital
  • $441,744Total liabilities
  • $336,210Total deposits
  • $441,744Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,829Subordinated debt
  • $45,159All other liabilities
  • $45,159Total equity capital
  • $45,159Total bank equity capital
  • $0Perpetual preferred stock
  • $20Common stock
  • $17,304Surplus
  • $27,835Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,447Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,900Income earned, not collected on loans
  • $205Earning assets
  • $1,690Long-term assets (5+ years)
  • $461,844Average Assets, year-to-date
  • $176,919Average Assets, quarterly
  • $465,970Volatile liabilities
  • $484,856Insider loans
  • $321,017FHLB advances
  • $487,239Loans and leases held for sale
  • $5,740Unused loan commitments
  • $5,740Tier 1 (core) risk-based capital
  • $43,917Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,414Restructured Loans and leases
  • $5,098Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,421Total interest income
  • $2,300Total interest expense
  • $20,121Net interest income
  • $4,426Provision for loan and lease losses
  • $1,113Total noninterest income
  • $0Fiduciary activities
  • $777Service charges on deposit accounts
  • $0Trading account gains & fees
  • $336Additional noninterest income
  • $10,936Total noninterest expense
  • $5,606Salaries and employee benefits
  • $1,052Premises and equipment expense
  • $4,278Additional noninterest expense
  • $5,872Pre-tax net operating income
  • $128Securities gains (losses)
  • $1,974Applicable income taxes
  • $4,026Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,026Net income attributable to bank
  • $0Net charge-offs
  • $4,026Cash dividends
  • $3,968Sale, conversion, retirement of capital stock, net
  • $3,694Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 0.53%Cost of funding earning assets
  • 4.60%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.50%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 9.11%Return on equity (ROE)
  • 0.75%Retained earnings to average equity (YTD only)
  • 1.23%Net charge-offs to loans
  • 111.54%Credit loss provision to net charge-offs
  • 2.60%Efficiency ratio
  • 51,502Assets per employee
  • 7.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 91.75%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 69.89%Noncurrent assets plus other real estate owned to assets
  • 2.74%Noncurrent loans to loans
  • 2.70%Net loans and leases to deposits
  • 73.14%Net loans and leases to core deposits
  • 77.29%Equity capital to assets
  • 9.22%Core capital (leverage) ratio
  • 9.01%Tier 1 risk-based capital ratio
  • 13.68%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $465,970Average earning assets
  • $44,204Average equity
  • $437,569Average loans

List of branches

  • 7 Nevada Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056209Heritage Bank Of Nevada1401 South Virginia Street, Reno, NV 89502October 09, 1995Full Service Brick and Mortar
    1290357Courier Service1401 South Virginia Street, Reno, NV 89502October 23, 1995Limited Service Messenger
    2423119Carson City Branch4222 South Carson Street, Carson City, NV 89701July 01, 2001Full Service Brick and Mortar
    3423120Damonte Branch47 Damonte Ranch Parkway, Reno, NV 89521September 01, 2002Full Service Brick and Mortar
    4423345Reno Branch1000 West Seventh Street, Reno, NV 89503September 18, 2003Full Service Brick and Mortar
    5465853Spanish Springs Branch330 Los Altos Prkwy, Sparks, NV 89436Febuary 20, 2007Full Service Brick and Mortar
    6446965Carson River Community Bank Branch951 Jacks Valley Road, Suite C, Carson City, NV 89705October 16, 2006Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Heritage Bank of Nevada.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents