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Heritage Bank of Nevada

Reno, NV · Cert 34072

FDIC · 8 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 of Nevada

Reno, NV · Cert 34072

FDIC · 8 branches

Q2 2019

$842.3MAssets
$612.0MLoans
$724.7MDeposits
$112.4MEquity
Loan mix
92%RE $363.1M8%C&I $32.2M0%Consumer $0.4MQ2 2018Q2 2019
Deposit mix
60%Interest-bearing $434.1M40%Noninterest $290.6MQ2 2018Q2 2019

NIM

4.06%Q2 ’174.22%Q2 ’184.63%Q2 ’19+2%+8%

Non-interest income vs. expense

1.70%Q2 ’171.64%Q2 ’181.63%Q2 ’19-3%+1%

Market Position · Reno, NV · 2019 SOD (annual) · 5.8% share · #6 of 16 inst. · $0.6B of $9.9B

5.8% Washoe
5.4% Carson City
5.9% Douglas

Executive Summary

  • Earnings: ROA of 2.62%, up 41 bps year over year; NIM at 4.31%.
  • Asset quality: problem loans at 0.17% of loans (-3 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 13.39%, up 163 bps from a year ago.
  • Funding: loans stand at 84.46% of deposits as of Q2 2019.

Financial Results

Return on Assets (YTD, annualized)

2.62%+41 bps YoY

Net Interest Margin (YTD, annualized)

4.31%+32 bps YoY

Efficiency Ratio (YTD, annualized)

35.37%-270 bps YoY

Tier 1 Leverage Ratio

13.39%+163 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2018Q3 2018Q4 2018Q1 2019Q2 2019YoY ΔTrend
Earnings
Return on Assets2.21%2.30%2.31%2.36%2.62%+41 bps
Return on Equity19.98%20.33%19.96%18.41%20.16%+19 bps
Net Interest Margin3.98%4.11%4.06%4.30%4.31%+32 bps
Efficiency Ratio38.07%38.01%37.35%35.44%35.37%-270 bps
Non-Interest Burden1.31%1.37%1.33%1.37%1.33%+1 bps
Growth
Asset Growth (YoY)7.10%1.56%0.79%1.16%3.48%-362 bps
Loan Growth (YoY)2.16%5.02%9.54%7.25%9.64%+748 bps
Deposit Growth (YoY)6.62%0.22%-1.30%-1.34%1.43%-519 bps
Asset Quality
Nonperforming Loans / Loans0.20%0.19%0.18%0.18%0.17%-3 bps
Net Charge-Offs / Loans-0.06%-0.05%-0.04%0.00%-0.01%+5 bps
Allowance / Loans1.41%1.27%1.26%1.27%1.23%-18 bps
Allowance Coverage of NPLs7.0x6.6x6.9x7.1x7.3x+0.3x
Capital
Tier 1 Leverage Ratio11.76%12.40%12.54%13.15%13.39%+163 bps
Total Risk-Based Capital16.01%16.21%16.64%17.48%17.22%+121 bps
Equity / Assets11.58%12.02%12.55%13.05%13.35%+176 bps
Liquidity & Funding
Loans / Deposits78.13%80.44%82.67%81.36%84.46%+633 bps
Liquid Assets / Assets12.08%10.77%10.66%12.80%10.14%-194 bps
CRE / Total Capitaln/an/an/an/an/an/an/a