Heritage Community Bank in Hartsville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


Heritage Community Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 30Total employees (full-time equivalent)
  • $103,652Total assets
  • $6,639Cash and due from depository institutions
  • $205Interest-bearing balances
  • $7,575Securities
  • $5,422Federal funds sold & reverse repurchase agreements
  • $74,018Net loans & leases
  • $854Loan loss allowance
  • $0Trading account assets
  • $4,658Bank premises and fixed assets
  • $1,879Other real estate owned
  • $0Goodwill and other intangibles
  • $103,653Life insurance assets
  • $3,461All other assets
  • $92,730Total liabilities and capital
  • $89,438Total liabilities
  • $75,393Total deposits
  • $89,438Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $792Subordinated debt
  • $10,923All other liabilities
  • $10,923Total equity capital
  • $10,923Total bank equity capital
  • $0Perpetual preferred stock
  • $4,301Common stock
  • $5,324Surplus
  • $1,298Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $461Income earned, not collected on loans
  • $0Earning assets
  • $476Long-term assets (5+ years)
  • $87,220Average Assets, year-to-date
  • $11,989Average Assets, quarterly
  • $103,931Volatile liabilities
  • $102,529Insider loans
  • $82,566FHLB advances
  • $103,000Loans and leases held for sale
  • $1,577Unused loan commitments
  • $1,577Tier 1 (core) risk-based capital
  • $10,767Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,673Restructured Loans and leases
  • $6,059Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,900Total interest income
  • $865Total interest expense
  • $4,035Net interest income
  • $109Provision for loan and lease losses
  • $369Total noninterest income
  • $0Fiduciary activities
  • $502Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$133Additional noninterest income
  • $3,874Total noninterest expense
  • $1,841Salaries and employee benefits
  • $578Premises and equipment expense
  • $1,455Additional noninterest expense
  • $421Pre-tax net operating income
  • $0Securities gains (losses)
  • $70Applicable income taxes
  • $351Income before extraordinary items
  • $0Extraordinary gains - net
  • $351Net income attributable to bank
  • $0Net charge-offs
  • $351Cash dividends
  • $373Sale, conversion, retirement of capital stock, net
  • $125Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.51%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 4.54%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 4.36%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.34%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 3.27%Return on equity (ROE)
  • 2.10%Retained earnings to average equity (YTD only)
  • 0.49%Net charge-offs to loans
  • 29.22%Credit loss provision to net charge-offs
  • 1.42%Efficiency ratio
  • 87,965Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.61%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 185.25%Noncurrent assets plus other real estate owned to assets
  • 2.26%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 82.76%Net loans and leases to core deposits
  • 89.72%Equity capital to assets
  • 10.54%Core capital (leverage) ratio
  • 10.45%Tier 1 risk-based capital ratio
  • 13.04%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $103,931Average earning assets
  • $10,747Average equity
  • $88,934Average loans

List of branches

  • 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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