Heritage Bank in Loose Creek, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 08, 1997

Heritage Bank in Loose Creek, Missouri (MO)
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Heritage Bank - Overview

General
FDIC Certificate #: 1649
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Legends Bank (#12616)
Federal Reserve ID: 889849
Date Established: April 28, 1905
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 1084
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 08, 1997
Last Structure Change Process Date: December 31, 1997
Last Data Update: December 31, 1997
Data Source Date: April 05, 2012
Location
Address: Main Street, Loose Creek, MO 65054
County: Osage
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Columbia Mo
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Jefferson City, MO (#27620)
CBSA Metro Statistical Area: Jefferson City, MO (#27620)
Financial Summary
Total assets: $31.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$15Total assets
$32,619Cash and due from depository institutions
$1,149Interest-bearing balances
$0Securities
$14,417Federal funds sold & reverse repurchase agreements
$971Net loans & leases
$15,683Loan loss allowance
$136Trading account assets
$0Bank premises and fixed assets
$75Other real estate owned
$32Goodwill and other intangibles
$292Life insurance assets
$0All other assets
$0Total liabilities and capital
$32,619Total liabilities
$28,619Total deposits
$28,218Interest-bearing deposits
$23,937Deposits held in domestic offices
28218.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$401Total equity capital
$401Total bank equity capital
$4,000Perpetual preferred stock
$0Common stock
$60Surplus
$144Undivided profits
Memoranda
$3,796Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$21Income earned, not collected on loans
$118Earning assets
$31,071Long-term assets (5+ years)
$923Average Assets, year-to-date
$31,600Average Assets, quarterly
$33,057Volatile liabilities
$4,692Insider loans
$55FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$675Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,990Total risk weighted assets
$13,568Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$2,228Total interest expense
$1,105Net interest income
$1,123Provision for loan and lease losses
$0Total noninterest income
$124Fiduciary activities
$0Service charges on deposit accounts
$99Trading account gains & fees
$0Additional noninterest income
$25Total noninterest expense
$797Salaries and employee benefits
$571Premises and equipment expense
$94Additional noninterest expense
$132Pre-tax net operating income
$450Securities gains (losses)
$0Applicable income taxes
$127Income before extraordinary items
$323Extraordinary gains - net
$0Net income attributable to bank
$323Net charge-offs
-$7Cash dividends
$2Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.43%Cost of funding earning assets
3.69%Net interest margin
3.75%Noninterest income to earning assets
0.41%Noninterest expense to earning assets
2.66%Net operating income to assets
1.02%Return on assets (ROA)
1.02%Pretax return on assets
1.42%Return on equity (ROE)
8.42%Retained earnings to average equity (YTD only)
8.37%Net charge-offs to loans
-0.04%Credit loss provision to net charge-offs
0.00%Efficiency ratio
63,913Assets per employee
2.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.62%Loss allowance to loans
0.86%Loss allowance to noncurrent loans
647.62%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.13%Net loans and leases to deposits
55.58%Net loans and leases to core deposits
66.66%Equity capital to assets
12.26%Core capital (leverage) ratio
12.60%Tier 1 risk-based capital ratio
29.41%Total risk-based capital ratio
Memoranda
$30Average assets
$31,600Average earning assets
$3,835Average equity
$29,986Average loans

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