PackageTrendsPeer
Letter portraitLegal landscape

Heritage

Madison, WI · Charter 68385

NCUA · 13 branches

Q4 2021

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 2021, the quarter ended December 31, 2021, 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: NCUA 5300 Call Report, 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

Madison, WI · Charter 68385

NCUA · 13 branches

Q4 2021

$461.3MAssets
$312.0MLoans
$377.4MShares
$51.5MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of 0.78%, up 23 bps year over year; NIM at 2.63%.
  • Asset quality: problem loans at 0.19% of loans (-17 bps YoY).
  • Capital: net worth / assets of 11.17%, up 54 bps from a year ago.
  • Funding: loans stand at 82.66% of shares as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

0.78%+23 bps YoY

Net Interest Margin (YTD, annualized)

2.63%-14 bps YoY

Efficiency Ratio (YTD, annualized)

78.54%+105 bps YoY

Net Worth / Assets

11.17%+54 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets0.55%1.15%0.99%0.94%0.78%+23 bps
Return on Equity5.15%10.77%8.86%8.43%6.95%+180 bps
Net Interest Margin2.77%2.62%2.67%2.65%2.63%-14 bps
Efficiency Ratio77.50%68.10%74.18%75.24%78.54%+105 bps
Growth
Asset Growth (YoY)15.84%11.64%3.08%4.30%2.26%-1,359 bps
Loan Growth (YoY)-4.09%-4.94%-3.31%-1.24%4.37%+846 bps
Share Growth (YoY)16.21%10.82%1.52%3.21%3.71%-1,250 bps
Asset Quality
Delinquent Loans / Loans0.37%0.27%0.21%0.19%0.19%-17 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.54%0.53%0.48%0.47%0.44%-10 bps
Capital
Risk-Based Capital10.63%10.68%11.12%11.19%11.17%+54 bps
Net Worth / Assets10.63%10.68%11.12%11.19%11.17%+54 bps
Liquidity & Funding
Loans / Shares82.13%77.84%81.71%81.49%82.66%+53 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps