The Heritage Bank in Lucama, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Heritage Bank - Overview

  • General
  • FDIC Certificate #: 8939
    Status: Active
    Federal Reserve ID: 376125
    Bank Holding Company (Regulatory Top Holder): Heritage Bancshares, Inc. (RSSDID: 2856340, Location: Lucama, NC)
    Date Established: September 01, 1914
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Domestic: 14, Interstate: No)
    FDIC's unique #: 5707
    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: March 31, 2006
    Last Structure Change Process Date: July 11, 2011
    Last Data Update: July 11, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 106 South Main Street, Lucama, NC 27851
    County: Wilson
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Wilson, NC (#48980)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $265.5 mil
    Equity capital: $30.1 mil
    Deposits held in domestic offices: $228.1 mil
    Return on assets (ROA): 0.34% ($0.9 mil)
    Quarterly return on assets: 0.34% ($0.9 mil)
    Return on Equity (ROE): 3.04% ($0.9 mil)
    Quarterly return on equity: 3.01% ($0.9 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.49% ($1,301.2 mil)
    Quarterly Pretax return on assets: 0.59% ($1,566.7 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
  • 87Total employees (full-time equivalent)
  • $265,542Total assets
  • $24,563Cash and due from depository institutions
  • $18,687Interest-bearing balances
  • $98,892Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $131,193Net loans & leases
  • $2,661Loan loss allowance
  • $0Trading account assets
  • $6,148Bank premises and fixed assets
  • $1,978Other real estate owned
  • $0Goodwill and other intangibles
  • $265,542Life insurance assets
  • $2,768All other assets
  • $235,464Total liabilities and capital
  • $228,061Total liabilities
  • $185,386Total deposits
  • $228,061Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 3747.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $430Trading liabilities
  • $0Other borrowed funds
  • $3,226Subordinated debt
  • $30,078All other liabilities
  • $30,078Total equity capital
  • $30,078Total bank equity capital
  • $0Perpetual preferred stock
  • $155Common stock
  • $5,000Surplus
  • $24,923Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,900Income earned, not collected on loans
  • $0Earning assets
  • $1,020Long-term assets (5+ years)
  • $248,772Average Assets, year-to-date
  • $63,337Average Assets, quarterly
  • $266,219Volatile liabilities
  • $266,730Insider loans
  • $141,132FHLB advances
  • $261,073Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $28,016Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,911Restructured Loans and leases
  • $5,105Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,512Total interest income
  • $1,582Total interest expense
  • $8,930Net interest income
  • $1,911Provision for loan and lease losses
  • $1,537Total noninterest income
  • $0Fiduciary activities
  • $1,369Service charges on deposit accounts
  • $0Trading account gains & fees
  • $168Additional noninterest income
  • $9,428Total noninterest expense
  • $5,336Salaries and employee benefits
  • $1,056Premises and equipment expense
  • $3,036Additional noninterest expense
  • -$872Pre-tax net operating income
  • $2,173Securities gains (losses)
  • $407Applicable income taxes
  • $894Income before extraordinary items
  • $0Extraordinary gains - net
  • $894Net income attributable to bank
  • $0Net charge-offs
  • $894Cash dividends
  • $1,471Sale, conversion, retirement of capital stock, net
  • $350Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.23%Yield on earning assets
  • 0.64%Cost of funding earning assets
  • 3.59%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 3.79%Noninterest expense to earning assets
  • -0.23%Net operating income to assets
  • 0.34%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 3.04%Return on equity (ROE)
  • 1.85%Retained earnings to average equity (YTD only)
  • 1.07%Net charge-offs to loans
  • 129.91%Credit loss provision to net charge-offs
  • 0.71%Efficiency ratio
  • 90,074Assets per employee
  • 3.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.15%Loss allowance to loans
  • 1.99%Loss allowance to noncurrent loans
  • 54.31%Noncurrent assets plus other real estate owned to assets
  • 2.59%Noncurrent loans to loans
  • 3.66%Net loans and leases to deposits
  • 57.53%Net loans and leases to core deposits
  • 59.01%Equity capital to assets
  • 11.33%Core capital (leverage) ratio
  • 10.73%Tier 1 risk-based capital ratio
  • 19.85%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $266,219Average earning assets
  • $29,416Average equity
  • $248,468Average loans

List of branches

  • 13 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05707The Heritage Bank106 South Main Street, Lucama, NC 27851September 01, 1914Full Service Brick and Mortar
    1219196Bailey Branch6174 Main Street, Bailey, NC 27807April 01, 1939Full Service Brick and Mortar
    2219197Kenly Branch101 West Second Street, Kenly, NC 27542April 12, 1935Full Service Brick and Mortar
    3219198Sims Branch6501 U. S. Highway 264a, Sims, NC 27880October 02, 1972Full Service Brick and Mortar
    5219200Middlesex Branch11438 East Finch Avenue, Middlesex, NC 27557Febuary 06, 1984Full Service Brick and Mortar
    6219201Fremont Branch100 Wilson Street, Fremont, NC 27830December 28, 1984Full Service Brick and Mortar
    7219202Wilson Branch2300 Nash Street North, Wilson, NC 27896May 21, 1990Full Service Brick and Mortar
    8275733Pikeville Branch100 West Main Street, Pikeville, NC 27863December 01, 1935Full Service Brick and Mortar
    9219203Forest Hills Branch1701 Forest Hills Road West, Wilson, NC 27893April 05, 1999Full Service Brick and Mortar
    1241333Tarboro Branch422 Main Street, Tarboro, NC 27886June 30, 1986Full Service Brick and Mortar
    137080Pine Level Branch109 Peedin Avenue, Pine Level, NC 27568January 01, 1907Full Service Brick and Mortar
    14223963Smithfield Branch1360 North Bright Leaf Boulevard, Smithfield, NC 27577December 29, 1986Full Service Brick and Mortar
    16456810Wayne Memorial Drive Branch2301 Wayne Memorial Drive, Goldsboro, NC 27530December 04, 2006Full Service Brick and Mortar

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