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Heritage Bank

Decatur, AL · Cert 34015

FDIC

Q4 2004

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 2004, the quarter ended December 31, 2004, 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

Decatur, AL · Cert 34015

FDIC

Q4 2004

$540.8MAssets
$416.9MLoans
$381.0MDeposits
$45.1MEquity
Loan mix
61%RE $159.5M39%C&I $102.3M0%Consumer $0.0MQ4 2003Q4 2004
Deposit mix
93%Interest-bearing $355.3M7%Noninterest $25.7MQ4 2003Q4 2004

NIM

6.50%Q4 ’026.29%Q4 ’035.43%Q4 ’04+8%-7%

Non-interest income vs. expense

1.96%Q4 ’023.64%Q4 ’033.66%Q4 ’04+98%-14%

Executive Summary

  • Earnings: ROA of 0.02%, down 37 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.80%.
  • Funding: loans stand at 109.42% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

0.02%1-37 bps YoY

Net Interest Margin (YTD, annualized)

3.32%-24 bps YoY

Efficiency Ratio (YTD, annualized)

87.52%-484 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.39%0.63%0.78%0.63%0.02%1-37 bps
Return on Equity4.85%7.15%8.92%7.15%0.21%-464 bps
Net Interest Margin3.56%3.19%3.22%3.29%3.32%-24 bps
Efficiency Ratio92.36%90.08%82.71%80.02%87.52%-484 bps
Non-Interest Burden3.26%2.81%2.53%2.47%2.80%-46 bps
Growth
Asset Growth (YoY)-11.76%-2.63%1.85%6.70%3.74%+1,549 bps
Loan Growth (YoY)-26.91%-18.33%-11.91%1.52%6.38%+3,329 bps
Deposit Growth (YoY)-20.76%-15.51%-13.65%-10.97%-8.53%+1,223 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.75%1.10%1.14%1.46%1.80%-95 bps
Allowance / Loans3.72%3.16%2.76%2.43%2.57%-115 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 Capital11.98%11.81%12.05%11.84%11.14%-85 bps
Equity / Assets8.82%8.81%8.60%8.82%8.33%-49 bps
Liquidity & Funding
Loans / Deposits94.08%98.17%103.58%106.43%109.42%+1,534 bps
Liquid Assets / Assets0.02%0.15%0.15%0.08%0.10%+7 bps
CRE / Total Capitaln/an/an/an/an/an/an/a