PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Heritage Bank, National Association

Holstein, IA · Cert 25243

FDIC

Q2 2011

$136.8MAssets
$98.0MLoans
$114.0MDeposits
$13.9MEquity
Loan mix
72%RE $50.9M22%C&I $15.4M7%Consumer $4.8MQ3 2009Q2 2011
Deposit mix
79%Interest-bearing $89.8M21%Noninterest $24.1MQ3 2009Q2 2011

Executive Summary

  • Earnings: ROA of 0.38%, up 2 bps year over year; NIM at 4.11%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.64%.
  • Funding: loans stand at 85.95% of deposits as of Q2 2011.

Return on Assets (quarter, annualized)

0.38%+2 bps YoY

Net Interest Margin (quarter, annualized)

4.11%+11 bps YoY

Efficiency Ratio (quarter, annualized)

71.97%+1,013 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.52%Q2 ’095.24%Q2 ’104.94%Q2 ’11+5%+3%

Non-interest income vs. expense

3.58%Q2 ’093.65%Q2 ’103.99%Q2 ’11-31%+46%

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets1.29%1.39%0.94%0.36%-1.38%1.34%1.16%0.38%+2 bps
Return on Equity14.67%15.14%9.95%3.72%-14.06%13.80%11.91%3.79%+7 bps
Net Interest Margin4.04%3.96%4.03%4.01%4.29%4.29%4.41%4.11%+11 bps
Efficiency Ratio74.57%69.55%76.11%61.84%72.34%69.94%76.59%71.97%+1,013 bps
Non-Interest Burden2.74%2.28%2.88%1.75%2.79%2.57%3.20%2.56%+81 bps
Growth
Asset Growth (YoY)5.64%3.81%-6.83%1.27%-2.27%0.36%0.96%-1.66%-292 bps
Loan Growth (YoY)-6.30%-9.71%-7.33%-3.83%-2.39%-0.27%-4.26%-7.73%-390 bps
Deposit Growth (YoY)6.11%7.04%-8.40%-1.33%-1.05%0.85%3.49%1.58%+291 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.08%0.11%0.71%1.44%3.81%0.67%0.66%1.64%+20 bps
Allowance / Loans1.78%1.84%1.75%1.98%2.03%1.92%1.88%1.92%-7 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital12.86%13.00%13.70%13.54%13.45%13.58%14.80%14.99%+145 bps
Equity / Assets9.07%9.24%9.66%9.72%9.87%9.56%9.85%10.18%+46 bps
Liquidity & Funding
Loans / Deposits95.21%95.48%93.92%94.61%93.92%94.42%86.89%85.95%-867 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.71%0.72%2.41%+241 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a