The Heritage Bank in Hinesville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Heritage Bank in Hinesville, Georgia (GA)
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The Heritage Bank - Overview

  • General
  • FDIC Certificate #: 193
    Status: Active
    Federal Reserve ID: 507330
    Bank Holding Company (Regulatory Top Holder): Liberty Shares, Inc. (RSSDID: 1086748, Location: Hinesville, GA)
    Date Established: November 15, 1911
    WWW: http://www.the-heritage-bank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 32 (Domestic: 32, Interstate: No)
    FDIC's unique #: 155
    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: January 01, 1934
    Last Structure Change Effective Date: June 12, 2009
    Last Structure Change Process Date: July 27, 2009
    Last Data Update: July 27, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 South Main Street, Hinesville, GA 31313
    County: Liberty
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Savannah-Hinesville-Fort Stewart, GA (#496)
    Core Based Statistical Area (CBSA): Hinesville-Fort Stewart, GA (#25980)
    CBSA Metro Statistical Area: Hinesville-Fort Stewart, GA (#25980)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Office Purchased
  • Financial Summary
  • Total assets: $865.2 mil
    Equity capital: $33.1 mil
    Deposits held in domestic offices: $792.7 mil
    Return on assets (ROA): -1.36% (-$11.8 mil)
    Quarterly return on assets: -3.90% (-$33.7 mil)
    Return on Equity (ROE): -29.85% (-$9.9 mil)
    Quarterly return on equity: -90.80% (-$30.0 mil)
    Net income: -$12.4 mil
    Quarterly Net income: -$8.6 mil
    Pretax return on assets: -1.34% (-$11,593.7 mil)
    Quarterly Pretax return on assets: -3.90% (-$33,742.9 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
  • 331Total employees (full-time equivalent)
  • $865,202Total assets
  • $186,274Cash and due from depository institutions
  • $169,098Interest-bearing balances
  • $77,512Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $528,604Net loans & leases
  • $22,943Loan loss allowance
  • $0Trading account assets
  • $25,332Bank premises and fixed assets
  • $21,647Other real estate owned
  • $3,110Goodwill and other intangibles
  • $865,202Life insurance assets
  • $22,723All other assets
  • $832,119Total liabilities and capital
  • $792,701Total liabilities
  • $694,920Total deposits
  • $792,701Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $37,000Trading liabilities
  • $0Other borrowed funds
  • $2,418Subordinated debt
  • $33,083All other liabilities
  • $33,083Total equity capital
  • $33,083Total bank equity capital
  • $0Perpetual preferred stock
  • $390Common stock
  • $78,904Surplus
  • $-46,211Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $80,600Income earned, not collected on loans
  • $1,225Earning assets
  • $3,847Long-term assets (5+ years)
  • $775,214Average Assets, year-to-date
  • $134,460Average Assets, quarterly
  • $915,980Volatile liabilities
  • $880,127Insider loans
  • $566,329FHLB advances
  • $894,134Loans and leases held for sale
  • $10,774Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,693Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,774Total unused commitments
  • $50,164Restructured Loans and leases
  • $11,599Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $35,027Total interest income
  • $11,077Total interest expense
  • $23,950Net interest income
  • $18,770Provision for loan and lease losses
  • $13,059Total noninterest income
  • $0Fiduciary activities
  • $10,052Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,007Additional noninterest income
  • $32,549Total noninterest expense
  • $13,357Salaries and employee benefits
  • $5,119Premises and equipment expense
  • $14,073Additional noninterest expense
  • -$14,310Pre-tax net operating income
  • $2,072Securities gains (losses)
  • $196Applicable income taxes
  • -$12,434Income before extraordinary items
  • $0Extraordinary gains - net
  • -$12,434Net income attributable to bank
  • $0Net charge-offs
  • -$12,434Cash dividends
  • $25,951Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.26%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 2.91%Net interest margin
  • 1.59%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • -1.58%Net operating income to assets
  • -1.36%Return on assets (ROA)
  • -1.34%Pretax return on assets
  • -29.85%Return on equity (ROE)
  • -29.85%Retained earnings to average equity (YTD only)
  • 4.34%Net charge-offs to loans
  • 72.33%Credit loss provision to net charge-offs
  • 0.17%Efficiency ratio
  • 85,071Assets per employee
  • 2.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.16%Loss allowance to noncurrent loans
  • 28.47%Noncurrent assets plus other real estate owned to assets
  • 11.82%Noncurrent loans to loans
  • 14.61%Net loans and leases to deposits
  • 66.68%Net loans and leases to core deposits
  • 78.75%Equity capital to assets
  • 3.82%Core capital (leverage) ratio
  • 3.32%Tier 1 risk-based capital ratio
  • 5.24%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $915,980Average earning assets
  • $41,656Average equity
  • $822,141Average loans

Bank Assets Sold and Securitized (December 31, 2011)

  • Dollar figures in thousands

List of branches

  • 32 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0155The Heritage Bank300 South Main Street, Hinesville, GA 31313November 15, 1911Full Service Brick and Mortar
    1181340Fort Stewart Branch32 Wurzburg St, Fort Stewart, GA 31314November 07, 1968Full Service Brick and Mortar
    2181341Midway Branch248 Butler Avenue, Midway, GA 31320July 10, 1981Full Service Brick and Mortar
    3181342Oglethorpe Hwy Branch555 Oglethorpe Highway West, Hinesville, GA 31313July 26, 1993Full Service Retail
    5181344Px Mall Branch112 Vilseck Rd. Bldg 119, Fort Stewart, GA 31314March 18, 1996Full Service Retail
    7191472Jesup Branch292 South Macon Street, Jesup, GA 31545June 27, 1990Full Service Brick and Mortar
    915755Ludowici Branch32 Mcdonald Street, Ludowici, GA 31316January 02, 1968Full Service Brick and Mortar
    10181346Northside Branch1100 North First Street, Jesup, GA 31545September 16, 1998Full Service Retail
    11181347Fort Stewart Commissary Branch200 Vilseck Rd Bldg 421, Fort Stewart, GA 31314January 12, 1999Full Service Retail
    12181348Ford Avenue Branch9701 Ford Avenue, Richmond Hill, GA 31324September 23, 1999Full Service Retail
    13358889Hunter Army Airfield Branch6020 Haley Ave, Savannah, GA 31409November 20, 2000Full Service Retail
    14359704Savannah 204/Wal-Mart 635 Branch6000 Ogeechee Road, Savannah, GA 31419March 14, 2001Full Service Retail
    15360087Southside Branch751 W. Oglethorpe Hwy., Hinesville, GA 31313July 19, 2000Full Service Retail
    1677679St Marys Branch392 Charlie Smith, Sr. Highway, Saint Marys, GA 31558October 01, 1999Full Service Brick and Mortar
    17428585Rincon Walmart Branch434 South Columbia Avenue, Rincon, GA 31326May 19, 2004Full Service Retail
    18429524Wal-Mart #754 Branch730 Northside Drive East, Statesboro, GA 30458Febuary 09, 2004Full Service Retail
    20429774Kingsland Winn Dixie Branch1315 E Boone Ave, Kingsland, GA 31548April 05, 2004Full Service Retail
    21432349Brunswick Branch150 Altama Connector, Brunswick, GA 31525September 07, 2004Full Service Retail
    22439455Kroger Supermarket-Abercorn Street B14010 Abercorn Street, Savannah, GA 31419March 21, 2005Full Service Retail
    23442356Truman Parkway Walmart Branch1955 E Montgomery Crossroads, Savannah, GA 31406July 21, 2004Full Service Retail
    24444364Pembroke Branch16 Railroad Street East, Pembroke, GA 31321August 29, 2005Full Service Brick and Mortar
    25445461Waycross Branch2425 Memorial Drive, Waycross, GA 31503September 12, 2005Full Service Retail
    26446297Kroger Supermarket - Berwick And 175720 Ogeechee Road, Savannah, GA 31405November 10, 2005Full Service Retail
    27452547Downtown Statesboro Branch58b East Main Street, Statesboro, GA 30458March 22, 2006Full Service Retail
    28466030Darien Office Branch1142 North Way, Darien, GA 31305November 27, 2006Full Service Brick and Mortar
    2910658Blackshear BranchMain Street, Blackshear, GA 31516July 13, 1946Full Service Brick and Mortar
    30270440Waycross Branch810 Plant Avenue, Waycross, GA 31501January 01, 1933Full Service Brick and Mortar
    3110459Homerville Branch56 East Dame Avenue, Homerville, GA 31634January 01, 1934Full Service Brick and Mortar
    32362270Nahunta Branch113 East Cleveland Street, Nahunta, GA 31553November 20, 2001Full Service Brick and Mortar
    33418445Brunswick Branch103 Scranton Connector, Brunswick, GA 31525Febuary 03, 2003Full Service Brick and Mortar
    34446262St. Simons Branch106 Retreat Plaza, Saint Simons Island, GA 31522August 01, 2005Full Service Brick and Mortar
    35494462Stephenson Avenue Branch620 Stephenson Avenue, Savannah, GA 31405September 02, 2008Full Service Retail

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