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Heritage Bank, The

Lucama, NC · Cert 8939

FDIC

Q2 2013

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 2013, the quarter ended June 30, 2013, 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, The

Lucama, NC · Cert 8939

FDIC

Q2 2013

$266.5MAssets
$122.2MLoans
$231.8MDeposits
$27.0MEquity
Loan mix
83%RE $92.5M12%C&I $13.5M4%Consumer $4.8MQ2 2012Q2 2013
Deposit mix
78%Interest-bearing $180.5M22%Noninterest $51.3MQ2 2012Q2 2013

NIM

4.12%Q2 ’113.56%Q2 ’123.13%Q2 ’13-11%-8%

Non-interest income vs. expense

3.62%Q2 ’113.38%Q2 ’124.21%Q2 ’13-6%+36%

Executive Summary

  • Earnings: ROA of -0.63%, down 100 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.28%.
  • Funding: loans stand at 52.74% of deposits as of Q2 2013.

Financial Results

Return on Assets (YTD, annualized)

-0.63%-100 bps YoY

Net Interest Margin (YTD, annualized)

2.85%-26 bps YoY

Efficiency Ratio (YTD, annualized)

120.80%+3,330 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.36%0.32%10.24%1-0.34%-0.63%-100 bps
Return on Equity3.23%2.86%2.19%-3.14%-5.96%-919 bps
Net Interest Margin3.11%3.11%3.04%2.85%2.85%-26 bps
Efficiency Ratio87.50%93.85%99.80%102.66%120.80%+3,330 bps
Non-Interest Burden2.63%2.87%3.03%2.94%3.58%+95 bps
Growth
Asset Growth (YoY)-1.51%1.55%0.57%-1.55%0.64%+215 bps
Loan Growth (YoY)-6.69%-12.42%-10.66%-8.70%-4.07%+262 bps
Deposit Growth (YoY)-0.16%2.90%1.10%-1.44%1.61%+178 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.54%0.66%0.90%0.59%0.28%-26 bps
Allowance / Loans1.86%1.90%1.73%1.83%1.77%-9 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 Capital22.23%22.43%22.04%22.24%20.91%-132 bps
Equity / Assets11.40%11.15%10.98%10.81%10.12%-128 bps
Liquidity & Funding
Loans / Deposits55.86%51.16%51.86%50.44%52.74%-313 bps
Liquid Assets / Assets2.93%4.63%4.16%5.97%4.80%+187 bps
CRE / Total Capitaln/an/an/an/an/an/an/a