Heritage Bank of North Florida in Orange Park, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Heritage Bank of North Florida - Overview

  • General
  • FDIC Certificate #: 26680
    Status: Active
    Federal Reserve ID: 139432
    Bank Holding Company (Regulatory Top Holder): Heritage Bancshares, Inc. (RSSDID: 2931582, Location: Orange Park, FL)
    Date Established: May 23, 1986
    WWW: http://www.heritagebanknfl.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 35695
    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: May 23, 1986
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 794 Blanding Boulevard, Orange Park, FL 32073
    County: Clay
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Jacksonville, FL (#3600)
    Core Based Statistical Area (CBSA): Jacksonville, FL (#27260)
    CBSA Metro Statistical Area: Jacksonville, FL (#27260)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $132.5 mil
    Equity capital: $4.2 mil
    Deposits held in domestic offices: $128.1 mil
    Return on assets (ROA): -0.93% (-$1.2 mil)
    Quarterly return on assets: -0.23% (-$0.3 mil)
    Return on Equity (ROE): -25.79% (-$1.0 mil)
    Quarterly return on equity: -7.31% (-$0.3 mil)
    Net income: -$1.3 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.93% (-$1,232.7 mil)
    Quarterly Pretax return on assets: -0.23% (-$304.9 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
  • 26Total employees (full-time equivalent)
  • $132,549Total assets
  • $1,719Cash and due from depository institutions
  • $0Interest-bearing balances
  • $10,975Securities
  • $9,146Federal funds sold & reverse repurchase agreements
  • $97,442Net loans & leases
  • $4,532Loan loss allowance
  • $0Trading account assets
  • $3,452Bank premises and fixed assets
  • $9,254Other real estate owned
  • $0Goodwill and other intangibles
  • $132,548Life insurance assets
  • $561All other assets
  • $128,363Total liabilities and capital
  • $128,069Total liabilities
  • $121,913Total deposits
  • $128,069Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $294Subordinated debt
  • $4,185All other liabilities
  • $4,185Total equity capital
  • $4,185Total bank equity capital
  • $0Perpetual preferred stock
  • $1,633Common stock
  • $10,107Surplus
  • $-7,555Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,905Income earned, not collected on loans
  • $0Earning assets
  • $350Long-term assets (5+ years)
  • $117,563Average Assets, year-to-date
  • $16,032Average Assets, quarterly
  • $136,615Volatile liabilities
  • $135,352Insider loans
  • $111,165FHLB advances
  • $134,295Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,974Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $419Restructured Loans and leases
  • $4,230Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,964Total interest income
  • $1,582Total interest expense
  • $4,382Net interest income
  • $1,728Provision for loan and lease losses
  • $534Total noninterest income
  • $0Fiduciary activities
  • $113Service charges on deposit accounts
  • $0Trading account gains & fees
  • $421Additional noninterest income
  • $4,492Total noninterest expense
  • $1,799Salaries and employee benefits
  • $180Premises and equipment expense
  • $2,513Additional noninterest expense
  • -$1,304Pre-tax net operating income
  • $34Securities gains (losses)
  • $0Applicable income taxes
  • -$1,270Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,270Net income attributable to bank
  • $0Net charge-offs
  • -$1,270Cash dividends
  • $1,939Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 3.63%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.72%Noninterest expense to earning assets
  • -0.95%Net operating income to assets
  • -0.93%Return on assets (ROA)
  • -0.93%Pretax return on assets
  • -25.79%Return on equity (ROE)
  • -25.79%Retained earnings to average equity (YTD only)
  • 1.82%Net charge-offs to loans
  • 89.12%Credit loss provision to net charge-offs
  • 0.22%Efficiency ratio
  • 91,375Assets per employee
  • 5.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.44%Loss allowance to noncurrent loans
  • 32.59%Noncurrent assets plus other real estate owned to assets
  • 17.47%Noncurrent loans to loans
  • 13.64%Net loans and leases to deposits
  • 76.09%Net loans and leases to core deposits
  • 76.43%Equity capital to assets
  • 3.16%Core capital (leverage) ratio
  • 2.96%Tier 1 risk-based capital ratio
  • 3.57%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $136,615Average earning assets
  • $4,925Average equity
  • $120,754Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035695Heritage Bank Of North Florida794 Blanding Boulevard, Orange Park, FL 32073May 23, 1986Full Service Brick and Mortar
    1363081Ponte Vedra Beach Branch100 Corridor Road South, Ponte Vedra Beach, FL 32082Febuary 11, 2002Full Service Brick and Mortar

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