PackageTrendsPeer
Letter portraitLegal landscape

Heritage Bank of North Florida

Orange Park, FL · Cert 26680

FDIC

Q1 2013

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: Q1 2013, the quarter ended March 31, 2013, 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 of North Florida

Orange Park, FL · Cert 26680

FDIC

Q1 2013

$104.0MAssets
$81.0MLoans
$106.3MDeposits
$-3276KEquity
Loan mix
93%RE $46.3M6%C&I $2.9M1%Consumer $0.4MQ1 2012Q1 2013
Deposit mix
93%Interest-bearing $99.1M7%Noninterest $7.2MQ1 2012Q1 2013

NIM

4.52%Q1 ’114.15%Q1 ’123.20%Q1 ’13+2%-20%

Non-interest income vs. expense

1.43%Q1 ’113.18%Q1 ’125.30%Q1 ’13+138%+72%

Executive Summary

  • Earnings: ROA of -20.29%, down 2,039 bps year over year; NIM at 2.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 9.51%.
  • Funding: loans stand at 76.16% of deposits as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

-20.29%-2,039 bps YoY

Net Interest Margin (YTD, annualized)

2.63%-67 bps YoY

Efficiency Ratio (YTD, annualized)

190.86%+9,991 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.09%-0.71%-0.99%-1.48%-20.29%-2,039 bps
Return on Equity2.94%-22.96%-33.47%-53.41%4037%+403,410 bps
Net Interest Margin3.30%3.39%3.38%3.46%2.63%-67 bps
Efficiency Ratio90.95%99.78%94.22%96.71%190.86%+9,991 bps
Non-Interest Burden2.99%3.38%3.17%3.34%5.15%+216 bps
Growth
Asset Growth (YoY)0.00%-9.48%-7.95%-16.34%-22.91%-2,291 bps
Loan Growth (YoY)-10.37%-10.88%-13.90%-15.31%-16.82%-645 bps
Deposit Growth (YoY)1.26%-8.56%-7.34%-15.32%-18.39%-1,965 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.80%1.28%1.19%3.22%9.51%+671 bps
Allowance / Loans4.03%4.62%5.67%4.58%8.40%+437 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 Capital4.97%4.68%4.30%3.51%-4.05%-902 bps
Equity / Assets3.15%2.98%2.47%1.98%-3.15%-630 bps
Liquidity & Funding
Loans / Deposits74.72%77.76%72.51%79.64%76.16%+143 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a