PackageTrendsPeer
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Heritage Bank

Saint George, UT · Cert 28665

FDIC · 1 branch

Q3 2015

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: Q3 2015, the quarter ended September 30, 2015, 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

Saint George, UT · Cert 28665

FDIC · 1 branch

Q3 2015

$14.6MAssets
n/aLoans
n/aDeposits
$14.4MEquity
Deposit mix
100%Interest-bearing $00%Noninterest $0Q3 2014Q3 2015

NIM

1.97%Q3 ’132.30%Q3 ’143.50%Q3 ’15+6%+27%

Non-interest income vs. expense

1.18%Q3 ’131.13%Q3 ’140.86%Q3 ’15+2%-69%

Market Position · St. George, UT · 2015 SOD (annual) · 0.1% share · #9 of 9 inst. · $0.0B of $1.9B

Executive Summary

  • Earnings: ROA of 3.12%, up 248 bps year over year; NIM at 1.72%.
  • Capital: tier 1 leverage ratio of 32.48%.

Financial Results

Return on Assets (YTD, annualized)

3.12%+248 bps YoY

Net Interest Margin (YTD, annualized)

1.72%+37 bps YoY

Efficiency Ratio (YTD, annualized)

37.72%-3,773 bps YoY

Tier 1 Leverage Ratio

32.48%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.64%0.55%0.28%0.75%3.12%+248 bps
Return on Equity5.04%4.14%1.55%3.81%12.66%+762 bps
Net Interest Margin1.35%1.45%1.21%1.47%1.72%+37 bps
Efficiency Ratio75.44%78.25%45.77%61.03%37.72%-3,773 bps
Non-Interest Burden0.98%1.10%0.09%0.69%0.31%-68 bps
Growth
Asset Growth (YoY)-4.94%-4.34%-25.02%-47.71%-83.27%-7,833 bps
Loan Growth (YoY)-22.75%20.13%1.24%-17.80%-100.00%-7,725 bps
Deposit Growth (YoY)6.12%-10.13%-5.47%-95.23%-100.00%-10,612 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%n/an/a
Net Charge-Offs / Loans-0.48%-0.28%0.00%-10.58%0.00%+48 bps
Allowance / Loans16.53%11.57%14.64%16.53%n/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a16.55%19.94%32.48%n/a
Total Risk-Based Capital61.57%63.91%72.98%99.95%345%+28,384 bps
Equity / Assets15.34%16.59%19.13%25.27%98.76%+8,342 bps
Liquidity & Funding
Loans / Deposits4.22%6.69%4.54%50.82%n/an/a
Liquid Assets / Assets0.29%0.31%0.44%0.45%2.52%+222 bps
CRE / Total Capitaln/an/an/an/an/an/an/a