Heritage Bank
Frankfort, IL — Domestic Branch of a Domestic Bank
Acquired Feb 2008
Vitals
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Total Assets343.5M 7.5 %
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Total Deposits293.2M 4.5 %
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Total Net Loans283.3M 13.6 %
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Net Income6.0M 5.0 %
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Book Value30.1M 17.9 %
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Book Value x260.1M 17.9 %
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Book Value x390.2M 17.9 %
Balance Sheet Highlights
| Financial Highlights | Heritage Bank | All Insured Commercial Banks in Illinois |
| Balance Sheet $(000) | ||
| Total Assets | 343,538 | 186,641 |
| Total Net Loans | 283,278 | 128,243 |
| Total Deposits | 293,229 | 154,752 |
| Total Equity | 30,067 | 19,247 |
| Profitability | ||
| Net Income | 5,961 | 5,195 |
| Return on Average Assets | 1.765 | 1.074 |
| Return on Average Equity | 21.865 | 10.263 |
| Net Interest Margin | 4.13 | 3.667 |
| Efficiency Ratio | 59.668 | 68.284 |
| Noninterest Income/Revenue | 8.907 | 9.333 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 96.606 | 76.655 |
| Securities/Assets | .128 | .721 |
| Total Equity/Total Assets | .088 | .103 |
| Tangible Equity/Tangible Assets | .088 | -.352 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 29,852 | 17,601 |
| Tier 2 Capital | 3,005 | 1,350 |
| Total Capital | 32,857 | 19,021 |
| Total Risk Weighted Assets | 294,444 | 140,561 |
| Leverage Ratio | 8.66 | 10.231 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 10.14 | 14.803 |
| Total Capital Ratio | 11.16 | 15.78 |
Timeline for Heritage Bank
Old Second National Bank
Heritage Bank was acquired by Old Second National Bank 16 years
View Profile Feb 09 2008
Heritagebanc, Inc.
Heritagebanc, Inc. became a new parent organization for Heritage Bank.
View Profile Dec 31 1970
Heritage Bank
Heritage Bank was established 65 years ago and is currently headquartered in Frankfort, IL.
Nov 18 1958| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Old Second National Bank | Buyer | 2,091,948 | Acquisition | Discontinued | 2/9/2008 |
| Relationships | Role | Relationship Start | Relationship End |
| Heritagebanc, Inc. | Parent | 12/31/1993 | 2/8/2008 |
| Heritagebanc, Inc. | Parent | 12/31/1984 | 12/30/1993 |
| Heritagebanc, Inc. | Parent | 12/31/1982 | 12/30/1984 |
| Heritagebanc, Inc. | Parent | 12/31/1981 | 12/30/1982 |
| Heritagebanc, Inc. | Parent | 12/31/1980 | 12/30/1981 |
| Heritagebanc, Inc. | Parent | 12/31/1978 | 12/30/1980 |
| Heritagebanc, Inc. | Parent | 12/31/1974 | 12/30/1978 |
| Heritagebanc, Inc. | Parent | 12/31/1970 | 12/30/1974 |
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