Heritage First Bank in Rome, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Heritage First Bank in Rome, Georgia (GA)
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Heritage First Bank - Overview

  • General
  • FDIC Certificate #: 20761
    Status: Active
    Federal Reserve ID: 318947
    Date Established: January 01, 1904
    WWW: http://www.heritagefirstbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 17927
    FDIC's unique #: 14339
    Numeric code: 33
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 12, 1972
    Last Structure Change Effective Date: Febuary 29, 2012
    Last Structure Change Process Date: March 02, 2012
    Last Data Update: March 02, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1700 Turner Mccall Boulevard, Rome, GA 30161
    County: Floyd
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Rome, GA (#40660)
    CBSA Metro Statistical Area: Rome, GA (#40660)
  • Financial Summary
  • Total assets: $96.9 mil
    Equity capital: $8.6 mil
    Deposits held in domestic offices: $88.1 mil
    Return on assets (ROA): -0.54% (-$0.5 mil)
    Quarterly return on assets: -0.33% (-$0.3 mil)
    Return on Equity (ROE): -7.00% (-$0.6 mil)
    Quarterly return on equity: -3.75% (-$0.3 mil)
    Net income: -$0.6 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.54% (-$523.2 mil)
    Quarterly Pretax return on assets: -0.33% (-$319.7 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
  • 33Total employees (full-time equivalent)
  • $96,882Total assets
  • $21,261Cash and due from depository institutions
  • $20,620Interest-bearing balances
  • $3,061Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $66,195Net loans & leases
  • $585Loan loss allowance
  • $0Trading account assets
  • $3,605Bank premises and fixed assets
  • $2,024Other real estate owned
  • $0Goodwill and other intangibles
  • $96,882Life insurance assets
  • $736All other assets
  • $88,248Total liabilities and capital
  • $88,112Total liabilities
  • $77,378Total deposits
  • $88,112Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $136Subordinated debt
  • $8,634All other liabilities
  • $8,634Total equity capital
  • $8,634Total bank equity capital
  • $0Perpetual preferred stock
  • $857Common stock
  • $14,185Surplus
  • $-6,408Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,293Income earned, not collected on loans
  • $0Earning assets
  • $335Long-term assets (5+ years)
  • $89,876Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $102,319Volatile liabilities
  • $95,727Insider loans
  • $60,061FHLB advances
  • $96,845Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,597Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,910Restructured Loans and leases
  • $3,044Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,836Total interest income
  • $1,111Total interest expense
  • $3,725Net interest income
  • $997Provision for loan and lease losses
  • $497Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $497Additional noninterest income
  • $3,782Total noninterest expense
  • $1,816Salaries and employee benefits
  • $390Premises and equipment expense
  • $1,576Additional noninterest expense
  • -$557Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$557Income before extraordinary items
  • $0Extraordinary gains - net
  • -$557Net income attributable to bank
  • $0Net charge-offs
  • -$557Cash dividends
  • $1,565Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.95%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 4.01%Noninterest expense to earning assets
  • -0.54%Net operating income to assets
  • -0.54%Return on assets (ROA)
  • -0.54%Pretax return on assets
  • -7.00%Return on equity (ROE)
  • -7.00%Retained earnings to average equity (YTD only)
  • 2.18%Net charge-offs to loans
  • 63.71%Credit loss provision to net charge-offs
  • 0.28%Efficiency ratio
  • 89,578Assets per employee
  • 2.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 25.51%Noncurrent assets plus other real estate owned to assets
  • 4.46%Noncurrent loans to loans
  • 3.43%Net loans and leases to deposits
  • 75.13%Net loans and leases to core deposits
  • 81.09%Equity capital to assets
  • 8.91%Core capital (leverage) ratio
  • 8.88%Tier 1 risk-based capital ratio
  • 14.31%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $102,319Average earning assets
  • $7,959Average equity
  • $94,200Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    014339Heritage First Bank1700 Turner Mccall Boulevard, Rome, GA 30161January 01, 1904Full Service Brick and Mortar
    1445605West Rome Branch522 Shorter Avenue, Rome, GA 30165December 16, 2002Full Service Brick and Mortar
    4496010Armuchee Branch2950 Martha Berry Boulevard Ne, Rome, GA 30165November 17, 2008Full Service Brick and Mortar

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