Heritage Bank of the South in Albany, Georgia (GA), FL
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Heritage Bank of the South in Albany, Georgia (GA), FL
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Heritage Bank of the South - Overview

  • General
  • FDIC Certificate #: 50028
    Status: Active
    Federal Reserve ID: 764982
    Date Established: January 01, 1955
    WWW: http://www.eheritagebank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 22 (Domestic: 22, Interstate: Yes)
    OTS Docket #: 17495
    FDIC's unique #: 114423
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: July 02, 2001
    Last Structure Change Effective Date: August 19, 2011
    Last Structure Change Process Date: August 22, 2011
    Last Data Update: August 22, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 721 North Westover Boulevard, Albany, GA 31707
    County: Dougherty
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Albany Ga
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Albany, GA (#120)
    Core Based Statistical Area (CBSA): Albany, GA (#10500)
    CBSA Metro Statistical Area: Albany, GA (#10500)
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,086.7 mil
    Equity capital: $99.9 mil
    Deposits held in domestic offices: $905.6 mil
    Return on assets (ROA): 0.45% ($4.9 mil)
    Quarterly return on assets: 0.52% ($5.7 mil)
    Return on Equity (ROE): 4.72% ($4.7 mil)
    Quarterly return on equity: 5.70% ($5.7 mil)
    Net income: $4.4 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 0.60% ($6,520.0 mil)
    Quarterly Pretax return on assets: 0.53% ($5,759.3 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
  • 327Total employees (full-time equivalent)
  • $1,086,660Total assets
  • $77,363Cash and due from depository institutions
  • $43,100Interest-bearing balances
  • $259,017Securities
  • $21,753Federal funds sold & reverse repurchase agreements
  • $560,598Net loans & leases
  • $7,494Loan loss allowance
  • $0Trading account assets
  • $30,162Bank premises and fixed assets
  • $13,409Other real estate owned
  • $4,848Goodwill and other intangibles
  • $1,086,660Life insurance assets
  • $119,510All other assets
  • $986,767Total liabilities and capital
  • $905,616Total liabilities
  • $805,364Total deposits
  • $905,616Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 35049.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $35,000Trading liabilities
  • $0Other borrowed funds
  • $11,102Subordinated debt
  • $99,893All other liabilities
  • $99,893Total equity capital
  • $99,893Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $87,585Surplus
  • $12,307Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $7,471Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,043Income earned, not collected on loans
  • $0Earning assets
  • $4,689Long-term assets (5+ years)
  • $884,468Average Assets, year-to-date
  • $311,518Average Assets, quarterly
  • $964,350Volatile liabilities
  • $1,092,829Insider loans
  • $542,309FHLB advances
  • $1,072,732Loans and leases held for sale
  • $15,610Unused loan commitments
  • $13,514Tier 1 (core) risk-based capital
  • $92,656Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,096Total unused commitments
  • $82,165Restructured Loans and leases
  • $11,978Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $39,434Total interest income
  • $10,350Total interest expense
  • $29,084Net interest income
  • $2,895Provision for loan and lease losses
  • $16,398Total noninterest income
  • $0Fiduciary activities
  • $4,777Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11,621Additional noninterest income
  • $37,400Total noninterest expense
  • $20,393Salaries and employee benefits
  • $4,245Premises and equipment expense
  • $12,762Additional noninterest expense
  • $5,187Pre-tax net operating income
  • $640Securities gains (losses)
  • $1,456Applicable income taxes
  • $4,371Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,371Net income attributable to bank
  • $0Net charge-offs
  • $4,371Cash dividends
  • $3,699Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.64%Net interest margin
  • 2.05%Noninterest income to earning assets
  • 4.68%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 4.72%Return on equity (ROE)
  • 4.72%Retained earnings to average equity (YTD only)
  • 0.72%Net charge-offs to loans
  • 78.26%Credit loss provision to net charge-offs
  • 2.18%Efficiency ratio
  • 80,709Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 106.40%Noncurrent assets plus other real estate owned to assets
  • 1.88%Noncurrent loans to loans
  • 1.24%Net loans and leases to deposits
  • 61.90%Net loans and leases to core deposits
  • 66.53%Equity capital to assets
  • 9.19%Core capital (leverage) ratio
  • 8.64%Tier 1 risk-based capital ratio
  • 17.09%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $964,350Average earning assets
  • $92,579Average equity
  • $799,711Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    8454183Ocala Branch4726 Sw College Rd, Ocala, FL 34474August 08, 2006Full Service Brick and Mortar
    10493014Ocala Boulevard Branch1409 Silver Springs Blvd, Ocala, FL 34470July 07, 2008Full Service Brick and Mortar
    13358537West Duval Branch463 West Duval Street, Lake City, FL 32055June 30, 1990Full Service Brick and Mortar
  • 19 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0114423Heritage Bank Of The South721 North Westover Boulevard, Albany, GA 31707January 01, 1955Full Service Brick and Mortar
    1432343East Albany Branch200 Loftus Drive, Albany, GA 31705July 02, 2001Full Service Brick and Mortar
    5432347Sylvester Branch504 North Main Street, Sylvester, GA 31791July 02, 2001Full Service Brick and Mortar
    7443122Downtown Branch310 West Oglethorpe Boulevard, Albany, GA 31701January 27, 2003Full Service Brick and Mortar
    117677Heritagebank Branch104 West Main Street, Reidsville, GA 30453October 22, 1900Full Service Brick and Mortar
    12461387Collins Branch204 Sw Main Street, Collins, GA 30421March 01, 2007Full Service Brick and Mortar
    14510558Valdosta Roosevelt Drive Branch103 Roosevelt Drive, Valdosta, GA 31602July 05, 2010Full Service Brick and Mortar
    1510801Adel Branch301 West Fourth Street, Adel, GA 31620January 01, 1948Full Service Brick and Mortar
    1642164Baxley Branch198 East Parker Street, Baxley, GA 31513January 01, 1934Full Service Brick and Mortar
    17274593Hazlehurst Branch22 East Jarman Street, Hazlehurst, GA 31539January 01, 1934Full Service Brick and Mortar
    1846861Statesboro Branch335 South Main Street, Statesboro, GA 30458Febuary 20, 1991Full Service Brick and Mortar
    19289436Northside Office726 Northside Drive East, Statesboro, GA 30458October 16, 1995Full Service Brick and Mortar
    2060766Springfield Branch802 South Laurel Street, Springfield, GA 31329September 08, 1998Full Service Brick and Mortar
    21290732Rincon Branch600 South Columbia Avenue, Rincon, GA 31326November 02, 1998Full Service Brick and Mortar
    22441698Guyton Office Branch109 W. Central Blvd, Guyton, GA 31312June 13, 2005Full Service Brick and Mortar
    23479337Port Wentworth Branch7224 Highway 21, Port Wentworth, GA 31407July 15, 2007Full Service Brick and Mortar
    24520801Valdosta Inner Perimeter Road3277 Inner Perimeter Road, Valdosta, GA 31604June 20, 2011Full Service Brick and Mortar
    25522053Lee County Branch104 Heritage Lane, Leesburg, GA 31763August 08, 2011Full Service Brick and Mortar
    26359917Statesboro Branch201 South Main Street, Statesboro, GA 30459Febuary 05, 2002Full Service Brick and Mortar

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