Heritage Bank of Nevada in Reno, Nevada (NV)



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Heritage Bank of Nevada routing number info

Table of contents:
Heritage Bank of Nevada
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Corrections
Financial SummaryTotal 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)
Total employees (full-time equivalent)65
Total assets$489,732
Cash and due from depository institutions$71,925
Interest-bearing balances$67,937
Securities$69,827
Federal funds sold & reverse repurchase agreements$975
Net loans & leases$323,105
Loan loss allowance $6,220
Trading account assets$0
Bank premises and fixed assets$6,017
Other real estate owned$4,514
Goodwill and other intangibles$0
All other assets$13,369
Life insurance assets$489,732
Total liabilities and capital$444,573
Total liabilities$441,744
Total deposits$336,210
Interest-bearing deposits$441,744
Deposits held in domestic offices$82
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,829
All other liabilities $45,159
Total equity capital$45,159
Total bank equity capital$45,159
Perpetual preferred stock$0
Common stock$20
Surplus$17,304
Undivided profits $27,835
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,447
Income earned, not collected on loans $8,900
Earning assets $205
Long-term assets (5+ years) $1,690
Average Assets, year-to-date $461,844
Average Assets, quarterly $176,919
Volatile liabilities $465,970
Insider loans $484,856
FHLB advances $321,017
Loans and leases held for sale $487,239
Unused loan commitments $5,740
Tier 1 (core) risk-based capital $5,740
Tier 2 risk-based capital $43,917
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $25,414
Derivatives$5,098
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $22,421
Total interest expense $2,300
Net interest income $20,121
Provision for loan and lease losses $4,426
Total noninterest income $1,113
Fiduciary activities $0
Service charges on deposit accounts $777
Trading account gains & fees $0
Additional noninterest income $336
Total noninterest expense $10,936
Salaries and employee benefits $5,606
Premises and equipment expense $1,052
Additional noninterest expense $4,278
Pre-tax net operating income $5,872
Securities gains (losses) $128
Applicable income taxes $1,974
Income before extraordinary items $4,026
Extraordinary gains - net $0
Net income attributable to bank $4,026
Net charge-offs $0
Cash dividends $4,026
Sale, conversion, retirement of capital stock, net $3,968
Net operating income $3,694
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.12%
Cost of funding earning assets 0.53%
Net interest margin 4.60%
Noninterest income to earning assets 0.25%
Noninterest expense to earning assets 2.50%
Net operating income to assets 0.85%
Return on assets (ROA) 0.86%
Pretax return on assets 1.29%
Return on equity (ROE) 9.11%
Retained earnings to average equity (YTD only) 0.75%
Net charge-offs to loans 1.23%
Credit loss provision to net charge-offs 111.54%
Efficiency ratio2.60%
Assets per employee$51,502
Cash dividends to net income (YTD only)7.53%
Condition Ratios (%)
Loss allowance to loans 91.75%
Loss allowance to noncurrent loans 1.89%
Noncurrent assets plus other real estate owned to assets 69.89%
Noncurrent loans to loans 2.74%
Net loans and leases to deposits2.70%
Net loans and leases to core deposits 73.14%
Equity capital to assets 77.29%
Core capital (leverage) ratio 9.22%
Tier 1 risk-based capital ratio 9.01%
Total risk-based capital ratio 13.68%
Memoranda
Average assets$15
Average earning assets$465,970
Average equity $44,204
Average loans $437,569
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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
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