Heritage Bank
Louisville, CO — Domestic Branch of a Domestic Bank
Acquired Mar 2007
Vitals
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Total Assets435.0M -4.7 %
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Total Deposits370.9M 5.1 %
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Total Net Loans309.6M -3.9 %
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Net Income
-
Book Value34.3M 0.5 %
-
Book Value x268.7M 0.5 %
-
Book Value x3103.0M 0.5 %
Balance Sheet Highlights
| Financial Highlights | Heritage Bank | All Insured Commercial Banks in Colorado |
| Balance Sheet $(000) | ||
| Total Assets | 435,050 | 221,630 |
| Total Net Loans | 309,634 | 155,503 |
| Total Deposits | 370,924 | 190,023 |
| Total Equity | 34,331 | 20,748 |
| Profitability | ||
| Net Income | — | 4,049 |
| Return on Average Assets | — | 1.458 |
| Return on Average Equity | — | 15.817 |
| Net Interest Margin | 4.404 | 4.671 |
| Efficiency Ratio | 93.609 | 63.647 |
| Noninterest Income/Revenue | 2.535 | 14.033 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 83.476 | 71.295 |
| Securities/Assets | .158 | .524 |
| Total Equity/Total Assets | .079 | .094 |
| Tangible Equity/Tangible Assets | .079 | -.022 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 35,096 | 18,558 |
| Tier 2 Capital | 4,086 | 2,022 |
| Total Capital | 39,182 | 20,210 |
| Total Risk Weighted Assets | 364,582 | 149,239 |
| Leverage Ratio | 7.99 | 9.044 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 9.63 | 13.733 |
| Total Capital Ratio | 10.75 | 14.728 |
Timeline for Heritage Bank
First Community Bank
Heritage Bank was acquired by First Community Bank 17 years
View Profile Mar 01 2007
Front Range Capital Corporation
Front Range Capital Corporation became a new parent organization for Heritage Bank.
View Profile May 21 1987
Heritage Bank
Heritage Bank was established 51 years ago and is currently headquartered in Louisville, CO.
May 21 1973| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| First Community Bank | Buyer | 2,188,154 | Acquisition | Discontinued | 3/1/2007 |
| Relationships | Role | Relationship Start | Relationship End |
| Front Range Capital Corporation | Parent | 5/21/1987 | 2/28/2007 |
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