Heritage Bank in Decatur, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2005

  • Heritage Bank in Decatur, Alabama (AL)
  • Show street view No street view available for this location

Heritage Bank - Overview

  • General
  • FDIC Certificate #: 34015
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Renasant Bank (#12437)
    Federal Reserve ID: 2301952
    Date Established: May 15, 1995
    WWW: http://www.heritageonline.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 14629
    FDIC's unique #: 55593
    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: May 15, 1995
    Last Structure Change Effective Date: January 01, 2005
    Last Structure Change Process Date: January 11, 2005
    Last Data Update: January 11, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 211 Lee Street, N.E., Decatur, AL 35601
    County: Morgan
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Decatur, AL (#2030)
    Combined Statistical Area (CSA): Huntsville-Decatur, AL (#290)
    Core Based Statistical Area (CBSA): Decatur, AL (#19460)
    CBSA Metro Statistical Area: Decatur, AL (#19460)
  • Financial Summary
  • Total assets: $540.8 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2004)

  • Dollar figures in thousands
  • 150Total employees (full-time equivalent)
  • $540,815Total assets
  • $5,235Cash and due from depository institutions
  • $519Interest-bearing balances
  • $94,866Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $406,177Net loans & leases
  • $10,694Loan loss allowance
  • $0Trading account assets
  • $6,505Bank premises and fixed assets
  • $1,315Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $26,717All other assets
  • $540,815Total liabilities and capital
  • $495,759Total liabilities
  • $380,998Total deposits
  • $355,306Interest-bearing deposits
  • $380,998Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $22,701Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $89,772Other borrowed funds
  • $0Subordinated debt
  • $2,288All other liabilities
  • $45,056Total equity capital
  • $45,056Total bank equity capital
  • $45,056Perpetual preferred stock
  • $0Common stock
  • $85Surplus
  • $51,629Undivided profits
  • Memoranda
  • $-6,658Noncurrent loans and leases
  • $35,339Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,210Earning assets
  • $0Long-term assets (5+ years)
  • $2,123Average Assets, year-to-date
  • $501,562Average Assets, quarterly
  • $60,652Volatile liabilities
  • $537,392Insider loans
  • $541,235FHLB advances
  • $197,550Loans and leases held for sale
  • $13,005Unused loan commitments
  • $89,772Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $21,389Total risk weighted assets
  • $35,339Total unused commitments
  • $0Restructured Loans and leases
  • $5,484Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $29,514Total interest income
  • $11,476Total interest expense
  • $18,038Net interest income
  • $3,631Provision for loan and lease losses
  • $4,710Total noninterest income
  • $0Fiduciary activities
  • $1,227Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,483Additional noninterest income
  • $19,909Total noninterest expense
  • $9,661Salaries and employee benefits
  • $2,433Premises and equipment expense
  • $7,815Additional noninterest expense
  • -$792Pre-tax net operating income
  • $597Securities gains (losses)
  • -$292Applicable income taxes
  • $97Income before extraordinary items
  • $0Extraordinary gains - net
  • $97Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $7,499Sale, conversion, retirement of capital stock, net
  • $699Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.97%Yield on earning assets
  • 2.32%Cost of funding earning assets
  • 3.65%Net interest margin
  • 0.95%Noninterest income to earning assets
  • 4.03%Noninterest expense to earning assets
  • -0.05%Net operating income to assets
  • 0.02%Return on assets (ROA)
  • -0.04%Pretax return on assets
  • 0.21%Return on equity (ROE)
  • -1.29%Retained earnings to average equity (YTD only)
  • 1.84%Net charge-offs to loans
  • 48.42%Credit loss provision to net charge-offs
  • 0.38%Efficiency ratio
  • 87,520Assets per employee
  • 3.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 720.62%Loss allowance to loans
  • 2.57%Loss allowance to noncurrent loans
  • 172.21%Noncurrent assets plus other real estate owned to assets
  • 1.39%Noncurrent loans to loans
  • 1.49%Net loans and leases to deposits
  • 106.61%Net loans and leases to core deposits
  • 153.32%Equity capital to assets
  • 8.33%Core capital (leverage) ratio
  • 7.91%Tier 1 risk-based capital ratio
  • 9.87%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $537,392Average earning assets
  • $46,617Average equity
  • $494,557Average loans

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