Heritage Community Bank in Hartsville, South Carolina (SC)



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Table of contents:
Heritage Community Bank
GeneralFDIC Certificate #: 35076
Status: Active
Federal Reserve ID: 2818731
Bank Holding Company (Regulatory Top Holder): Regional Bankshares, Inc. (RSSDID: 2954415, Location: Hartsville, SC)
Date Established: June 15, 1999
WWW: http://www.heritageonline.biz
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 74651
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: June 15, 1999
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
LocationAddress: 206 South Fifth Street, Hartsville, SC 29550
County: Darlington
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Columbia Sc
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Florence, SC (#22500)
CBSA Metro Statistical Area: Florence, SC (#22500)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $103.7 mil
Equity capital: $10.9 mil
Deposits held in domestic offices: $89.4 mil
Return on assets (ROA): 0.34% ($0.4 mil)
Quarterly return on assets: 0.53% ($0.6 mil)
Return on Equity (ROE): 3.27% ($0.4 mil)
Quarterly return on equity: 5.02% ($0.6 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.41% ($425.0 mil)
Quarterly Pretax return on assets: 0.36% ($373.1 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)30
Total assets$103,652
Cash and due from depository institutions$6,639
Interest-bearing balances$205
Securities$7,575
Federal funds sold & reverse repurchase agreements$5,422
Net loans & leases$74,018
Loan loss allowance $854
Trading account assets$0
Bank premises and fixed assets$4,658
Other real estate owned$1,879
Goodwill and other intangibles$0
All other assets$3,461
Life insurance assets$103,653
Total liabilities and capital$92,730
Total liabilities$89,438
Total deposits$75,393
Interest-bearing deposits$89,438
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,500
Other borrowed funds $0
Subordinated debt $792
All other liabilities $10,923
Total equity capital$10,923
Total bank equity capital$10,923
Perpetual preferred stock$0
Common stock$4,301
Surplus$5,324
Undivided profits $1,298
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $461
Earning assets $0
Long-term assets (5+ years) $476
Average Assets, year-to-date $87,220
Average Assets, quarterly $11,989
Volatile liabilities $103,931
Insider loans $102,529
FHLB advances $82,566
Loans and leases held for sale $103,000
Unused loan commitments $1,577
Tier 1 (core) risk-based capital $1,577
Tier 2 risk-based capital $10,767
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,673
Derivatives$6,059
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,900
Total interest expense $865
Net interest income $4,035
Provision for loan and lease losses $109
Total noninterest income $369
Fiduciary activities $0
Service charges on deposit accounts $502
Trading account gains & fees $0
Additional noninterest income -$133
Total noninterest expense $3,874
Salaries and employee benefits $1,841
Premises and equipment expense $578
Additional noninterest expense $1,455
Pre-tax net operating income $421
Securities gains (losses) $0
Applicable income taxes $70
Income before extraordinary items $351
Extraordinary gains - net $0
Net income attributable to bank $351
Net charge-offs $0
Cash dividends $351
Sale, conversion, retirement of capital stock, net $373
Net operating income $125
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.51%
Cost of funding earning assets 0.97%
Net interest margin 4.54%
Noninterest income to earning assets 0.41%
Noninterest expense to earning assets 4.36%
Net operating income to assets 0.34%
Return on assets (ROA) 0.34%
Pretax return on assets 0.41%
Return on equity (ROE) 3.27%
Retained earnings to average equity (YTD only) 2.10%
Net charge-offs to loans 0.49%
Credit loss provision to net charge-offs 29.22%
Efficiency ratio1.42%
Assets per employee$87,965
Cash dividends to net income (YTD only)3.46%
Condition Ratios (%)
Loss allowance to loans 35.61%
Loss allowance to noncurrent loans 1.14%
Noncurrent assets plus other real estate owned to assets 185.25%
Noncurrent loans to loans 2.26%
Net loans and leases to deposits0.62%
Net loans and leases to core deposits 82.76%
Equity capital to assets 89.72%
Core capital (leverage) ratio 10.54%
Tier 1 risk-based capital ratio 10.45%
Total risk-based capital ratio 13.04%
Memoranda
Average assets$14
Average earning assets$103,931
Average equity $10,747
Average loans $88,934
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3 South Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
074651Heritage Community Bank206 South Fifth Street, Hartsville, SC 29550June 15, 1999Full Service Brick and Mortar
1445642Mcbee Branch7 North Seventh Street, Mc Bee, SC 29101May 28, 2003Full Service Brick and Mortar
2465193Camden Branch703 West Dekalb Street, Camden, SC 29020November 15, 2006Full Service Brick and Mortar
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User Contributions:

Debbye
Report this comment as inappropriate
Aug 8, 2012 @ 9:09 am
what is the local phone # and fax # to the hartsville branch. not listed above.

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