Vitals
  • Total Assets
    313.0M -7.3 %
  • Total Deposits
    269.9M 1.0 %
  • Total Net Loans
    209.7M -6.6 %
  • Net Income
    2.3M -19.5 %
  • Book Value
    34.9M -0.4 %
  • Book Value x2
    69.8M -0.4 %
  • Book Value x3
    104.7M -0.4 %
ROAA

.712

ROAE

6.68

Efficiency Ratio

68.184

Net Interest Margin

3.09

Balance Sheet Highlights
Financial Highlights Heritage Bank All Insured Commercial Banks in Virginia
Balance Sheet $(000)
Total Assets 313,027 755,875
Total Net Loans 209,748 528,617
Total Deposits 269,882 624,380
Total Equity 34,888 84,694
Profitability
Net Income 2,343 7,197
Return on Average Assets .712 .749
Return on Average Equity 6.68 6.583
Net Interest Margin 3.09 3.821
Efficiency Ratio 68.184 73.115
Noninterest Income/Revenue 8.042 16.958
Balance Sheet Ratios
Loan-to-Deposit 77.718 83.811
Securities/Assets .104 .146
Total Equity/Total Assets .111 .112
Tangible Equity/Tangible Assets .111 .104
Capital Adequacy
Tier 1 Common Capital 35,056 77,497
Tier 1 Capital 35,056 77,570
Tier 2 Capital 1,930 5,759
Total Capital 36,986 83,398
Total Risk Weighted Assets 251,427 573,902
Leverage Ratio 10.56 10.613
Common Equity Tier 1 Capital Ratio 13.94 14.467
Tier 1 Capital Ratio 13.94 14.489
Total Capital Ratio 14.71 15.675

Timeline for Heritage Bank

Southern Bank And Trust Company

Heritage Bank was acquired by Southern Bank And Trust Company 8 years

View Profile Feb 01 2016

Sentinel Financial Group, Inc.

Sentinel Financial Group, Inc. became a new subsidiary organization for Heritage Bank.

View Profile Aug 29 1996

Heritage Bankshares, Inc.

Heritage Bankshares, Inc. became a new parent organization for Heritage Bank.

View Profile Jul 29 1983

Heritage Bank

Heritage Bank was established 47 years ago and is currently headquartered in Norfolk, VA.

Feb 07 1977
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Southern Bank And Trust Company Buyer 2,440,526 Acquisition Discontinued 2/1/2016
Relationships Role Relationship Start Relationship End
Heritage Bankshares, Inc. Parent 7/29/1983 1/31/2016
Sentinel Financial Group, Inc. Subsidary 6/30/2007 1/31/2016
Sentinel Financial Group, Inc. Subsidary 8/29/1996 6/29/2007
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