Heritage Federal Bank for Savings in Kingsport, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1995

  • Heritage Federal Bank for Savings in Kingsport, Tennessee (TN)
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Heritage Federal Bank for Savings - Overview

  • General
  • FDIC Certificate #: 28195
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First American National Bank (#4956)
    Federal Reserve ID: 869878
    Date Established: January 01, 1930
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1114
    FDIC's unique #: 41029
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: March 25, 1935
    Last Structure Change Effective Date: November 01, 1995
    Last Structure Change Process Date: November 17, 1995
    Last Data Update: November 17, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 East Center Street, Kingsport, TN 37660
    County: Sullivan
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Knoxville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Johnson City-Kingsport-Bristol, TN-VA (#3660)
    Combined Statistical Area (CSA): Johnson City-Kingsport-Bristol (Tri-Cities), TN-VA (#304)
    Core Based Statistical Area (CBSA): Kingsport-Bristol-Bristol, TN-VA (#28700)
    CBSA Metro Statistical Area: Kingsport-Bristol-Bristol, TN-VA (#28700)
  • Financial Summary
  • Total assets: $528.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $176Total assets
  • $523,607Cash and due from depository institutions
  • $15,642Interest-bearing balances
  • $5,127Securities
  • $179,346Federal funds sold & reverse repurchase agreements
  • $1,500Net loans & leases
  • $306,406Loan loss allowance
  • $2,288Trading account assets
  • $0Bank premises and fixed assets
  • $6,797Other real estate owned
  • $483Goodwill and other intangibles
  • $12,408Life insurance assets
  • $1,025All other assets
  • $0Total liabilities and capital
  • $523,607Total liabilities
  • $474,826Total deposits
  • $453,716Interest-bearing deposits
  • $440,430Deposits held in domestic offices
  • 453716.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $19,406Subordinated debt
  • $0All other liabilities
  • $1,704Total equity capital
  • $1,704Total bank equity capital
  • $48,781Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $15,596Undivided profits
  • Memoranda
  • $33,085Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $164Income earned, not collected on loans
  • $1,781Earning assets
  • $492,379Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $524,024Average Assets, quarterly
  • $519,058Volatile liabilities
  • $64,180Insider loans
  • $855FHLB advances
  • $18,505Loans and leases held for sale
  • $0Unused loan commitments
  • $11,198Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $49,006Total risk weighted assets
  • $218,724Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $34,767Total interest expense
  • $16,329Net interest income
  • $18,438Provision for loan and lease losses
  • $82Total noninterest income
  • $3,399Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $3,399Total noninterest expense
  • $11,274Salaries and employee benefits
  • $5,625Premises and equipment expense
  • $1,876Additional noninterest expense
  • $3,773Pre-tax net operating income
  • $10,481Securities gains (losses)
  • $0Applicable income taxes
  • $3,472Income before extraordinary items
  • $7,009Extraordinary gains - net
  • $0Net income attributable to bank
  • $7,009Net charge-offs
  • $593Cash dividends
  • $2,000Sale, conversion, retirement of capital stock, net
  • $547Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.04%Cost of funding earning assets
  • 3.31%Net interest margin
  • 3.73%Noninterest income to earning assets
  • 0.69%Noninterest expense to earning assets
  • 2.28%Net operating income to assets
  • 1.34%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 2.00%Return on equity (ROE)
  • 14.94%Retained earnings to average equity (YTD only)
  • 10.67%Net charge-offs to loans
  • 0.19%Credit loss provision to net charge-offs
  • 13.83%Efficiency ratio
  • 49,302Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.53%Loss allowance to loans
  • 0.74%Loss allowance to noncurrent loans
  • 1395.12%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 67.53%Net loans and leases to core deposits
  • 74.93%Equity capital to assets
  • 9.32%Core capital (leverage) ratio
  • 9.40%Tier 1 risk-based capital ratio
  • 22.41%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $524,024Average earning assets
  • $46,930Average equity
  • $493,745Average loans

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