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Heritage Bank

Jonesboro, AR · Cert 16983

FDIC · 10 branches

Q4 2014

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2014, the quarter ended December 31, 2014, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Heritage Bank

Jonesboro, AR · Cert 16983

FDIC · 10 branches

Q4 2014

$302.1MAssets
$229.4MLoans
$244.0MDeposits
$34.5MEquity
Loan mix
80%RE $148.2M16%C&I $29.6M4%Consumer $8.3MQ4 2013Q4 2014
Deposit mix
84%Interest-bearing $205.2M16%Noninterest $38.8MQ4 2013Q4 2014

NIM

4.49%Q4 ’123.82%Q4 ’132.66%Q4 ’14-12%-29%

Non-interest income vs. expense

2.79%Q4 ’122.78%Q4 ’131.68%Q4 ’14-1%-40%

Market Position · Jonesboro, AR · 2014 SOD (annual) · 7.9% share · #4 of 20 inst. · $0.2B of $2.5B

9.1% Craighead
4.8% Mississippi

Executive Summary

  • Earnings: ROA of 0.61%, down 11 bps year over year; NIM at 2.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 94.03% of deposits as of Q4 2014.

Financial Results

Return on Assets (YTD, annualized)

0.61%-11 bps YoY

Net Interest Margin (YTD, annualized)

2.45%-99 bps YoY

Efficiency Ratio (YTD, annualized)

58.59%-939 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets0.72%0.15%0.16%0.57%0.61%-11 bps
Return on Equity4.83%1.06%1.23%4.57%4.99%+16 bps
Net Interest Margin3.44%3.41%0.35%1.93%2.45%-99 bps
Efficiency Ratio67.98%81.33%40.95%52.15%58.59%-939 bps
Non-Interest Burden2.21%2.75%0.12%0.90%1.32%-90 bps
Growth
Asset Growth (YoY)5.73%13.90%18.50%22.69%11.36%+563 bps
Loan Growth (YoY)8.51%18.87%20.07%20.08%15.03%+652 bps
Deposit Growth (YoY)6.47%16.52%16.74%23.88%8.85%+238 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.37%-0.03%0.00%0.00%0.00%-37 bps
Allowance / Loans1.86%1.86%0.04%0.17%0.31%-156 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital15.41%14.66%11.43%12.78%13.67%-174 bps
Equity / Assets14.18%13.79%10.66%11.02%11.43%-275 bps
Liquidity & Funding
Loans / Deposits88.98%93.73%101.77%100.12%94.03%+505 bps
Liquid Assets / Assets0.02%0.18%0.01%3.64%3.63%+361 bps
CRE / Total Capitaln/an/an/an/an/an/an/a