PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Heritage Bank, National Association

Doniphan, NE · Cert 57106

FDIC

Q3 2002

$5.5MAssets
$5.3MLoans
$2.9MDeposits
$2.2MEquity
Loan mix
87%RE $1.9M13%C&I $0.3M0%Consumer $0.0MQ3 2001Q3 2002
Deposit mix
94%Interest-bearing $2.7M6%Noninterest $0.2MQ3 2001Q3 2002

NIM

7.74%Q1 ’018.61%Q3 ’019.50%Q3 ’02+16%+17%

Non-interest income vs. expense

3.52%Q1 ’014.74%Q3 ’015.16%Q3 ’02+42%-6%

Executive Summary

  • Earnings: ROA of 3.88%, up 852 bps year over year; NIM at 8.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 181.00% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

3.88%+852 bps YoY

Net Interest Margin (quarter, annualized)

8.19%+122 bps YoY

Efficiency Ratio (quarter, annualized)

54.78%-804 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets-4.65%2.27%2.64%3.88%3.88%+852 bps
Return on Equity-9.43%4.75%5.85%9.00%9.54%+1,898 bps
Net Interest Margin6.97%6.52%6.34%6.17%8.19%+122 bps
Efficiency Ratio62.82%68.00%62.03%45.98%54.78%-804 bps
Non-Interest Burden4.16%4.25%3.70%2.14%3.93%-23 bps
Growth
Asset Growth (YoY)n/an/a29.79%19.03%35.68%n/a
Loan Growth (YoY)n/an/a34.00%15.16%36.39%n/a
Deposit Growth (YoY)n/an/a61.64%60.74%50.91%n/a
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans2.00%2.07%1.71%1.71%1.46%-53 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 Capital52.94%55.32%47.49%49.07%42.38%-1,056 bps
Equity / Assets49.31%46.43%43.89%42.37%39.09%-1,022 bps
Liquidity & Funding
Loans / Deposits200%158.75%174.98%156.94%181.00%-1,926 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