Vitals
  • Total Assets
    266.5M 0.6 %
  • Total Deposits
    231.8M 1.6 %
  • Total Net Loans
    120.1M -4.0 %
  • Net Income
    -850000.0000 -275.3 %
  • Book Value
    27.0M -10.7 %
  • Book Value x2
    53.9M -10.7 %
  • Book Value x3
    80.9M -10.7 %
ROAA

-.648

ROAE

-5.965

Efficiency Ratio

120.801

Net Interest Margin

3.004

Balance Sheet Highlights
Financial Highlights The Heritage Bank All Insured Commercial Banks in North Carolina
Balance Sheet $(000)
Total Assets 266,471 1,086,003
Total Net Loans 120,073 687,303
Total Deposits 231,777 925,383
Total Equity 26,968 105,476
Profitability
Net Income -850 3,993
Return on Average Assets -.648 .497
Return on Average Equity -5.965 4.088
Net Interest Margin 3.004 3.593
Efficiency Ratio 120.801 82.122
Noninterest Income/Revenue 16.869 20.793
Balance Sheet Ratios
Loan-to-Deposit 51.805 77.419
Securities/Assets .44 .202
Total Equity/Total Assets .101 .097
Tangible Equity/Tangible Assets .101 .091
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 26,906 99,969
Tier 2 Capital 3,541 10,309
Total Capital 30,447 110,258
Total Risk Weighted Assets 145,608 735,974
Leverage Ratio 10.28 9.545
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 18.48 13.454
Total Capital Ratio 20.91 14.859

Timeline for The Heritage Bank

Southern Bank And Trust Company

The Heritage Bank was acquired by Southern Bank And Trust Company 10 years

View Profile Jul 01 2013

Pine Level Bank

Acquisition: The Heritage Bank acquired a new subsidiary, Pine Level Bank, 22 years

View Profile Sep 15 2001

Heritage Bancshares, Inc.

Heritage Bancshares, Inc. became a new parent organization for The Heritage Bank.

View Profile Jan 01 2000

First American Federal Savings Bank

Acquisition: The Heritage Bank acquired a new subsidiary, First American Federal Savings Bank, 30 years

View Profile Oct 09 1993

The Heritage Bank

The Heritage Bank was established 109 years ago and is currently headquartered in Lucama, NC.

Sep 01 1914
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Southern Bank And Trust Company Buyer 2,440,526 Acquisition Discontinued 7/1/2013
Pine Level Bank Seller 27,935 Acquisition Discontinued 9/15/2001
First American Federal Savings Bank Seller 337,628 Failure 10/9/1993
Relationships Role Relationship Start Relationship End
Heritage Bancshares, Inc. Parent 1/1/2000 6/30/2013
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