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Heritage Bank, The

Hinesville, GA · Cert 193

FDIC · 16 branches

Q2 2019

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: Q2 2019, the quarter ended June 30, 2019, 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, The

Hinesville, GA · Cert 193

FDIC · 16 branches

Q2 2019

$584.1MAssets
$383.9MLoans
$522.3MDeposits
$59.0MEquity
Loan mix
82%RE $251.5M15%C&I $47.5M3%Consumer $9.3MQ2 2018Q2 2019
Deposit mix
74%Interest-bearing $389.0M26%Noninterest $133.4MQ2 2018Q2 2019

NIM

3.11%Q2 ’173.81%Q2 ’184.25%Q2 ’19+25%+7%

Non-interest income vs. expense

3.92%Q2 ’174.20%Q2 ’184.20%Q2 ’19+18%-4%

Market Position · Hinesville, GA · 2019 SOD (annual) · 44.4% share · #1 of 6 inst. · $228.1M of $514.2M

43.3% Liberty
27.9% Pierce
16.2% Wayne
4.0% Ware

Executive Summary

  • Earnings: ROA of 0.86%, down 9 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 0.92% of loans (-74 bps YoY), with net charge-offs at 0.42%.
  • Capital: tier 1 leverage ratio of 9.00%, up 49 bps from a year ago.
  • Funding: loans stand at 73.51% of deposits as of Q2 2019.

Financial Results

Return on Assets (YTD, annualized)

0.86%-9 bps YoY

Net Interest Margin (YTD, annualized)

3.82%+25 bps YoY

Efficiency Ratio (YTD, annualized)

73.86%-364 bps YoY

Tier 1 Leverage Ratio

9.00%+49 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2018Q3 2018Q4 2018Q1 2019Q2 2019YoY ΔTrend
Earnings
Return on Assets0.95%1.01%2.51%0.69%0.86%-9 bps
Return on Equity12.45%13.01%31.18%7.24%8.87%-358 bps
Net Interest Margin3.57%3.69%3.71%3.84%3.82%+25 bps
Efficiency Ratio77.50%76.92%76.62%72.86%73.86%-364 bps
Non-Interest Burden2.37%2.43%2.43%2.24%2.27%-10 bps
Growth
Asset Growth (YoY)-7.03%-1.10%8.06%4.05%9.53%+1,656 bps
Loan Growth (YoY)22.45%20.16%21.86%20.40%14.73%-772 bps
Deposit Growth (YoY)-6.60%-1.61%6.09%1.28%6.76%+1,336 bps
Asset Quality
Nonperforming Loans / Loans1.66%0.94%1.61%1.70%0.92%-74 bps
Net Charge-Offs / Loans0.14%0.20%0.21%0.76%0.42%+28 bps
Allowance / Loans1.50%1.46%1.44%1.47%1.40%-10 bps
Allowance Coverage of NPLs0.9x1.6x0.9x0.9x1.5x+0.6x
Capital
Tier 1 Leverage Ratio8.51%8.88%8.87%8.74%9.00%+49 bps
Total Risk-Based Capital12.55%12.70%12.48%12.48%12.49%-6 bps
Equity / Assets7.88%8.13%9.13%9.86%10.09%+222 bps
Liquidity & Funding
Loans / Deposits68.40%70.82%67.24%72.12%73.51%+510 bps
Liquid Assets / Assets4.07%3.01%8.47%4.08%5.09%+102 bps
CRE / Total Capitaln/an/an/an/an/an/an/a