Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD

ASSETS

Cash on hand and in banks 63,816 77,117 78,293 92,704
Interest earning deposits 62,824 26,628 24,722 69,206
Cash and cash equivalents 126,640 103,745 103,015 161,910
Other interest earning deposits 6,719 NA NA NA
Investment securities available for sale, at fair value 811,869 794,645 810,530 976,095
Loans held for sale 7,682 11,662 2,288 1,555
Loans receivable, net 2,402,042 2,640,749 2,849,071 3,654,160
Allowance for loan losses (29,746) (31,083) (32,086) (35,042)
Total loans receivable, net 2,372,296 2,609,666 2,816,985 3,619,118
Other real estate owned 2,019 754 0 1,983
Premises and equipment, net 61,891 63,911 60,325 81,100
Federal Home Loan Bank stock, at cost 4,148 7,564 8,347 6,076
Bank owned life insurance 60,876 70,355 75,091 93,612
Accrued interest receivable 10,469 10,925 12,244 15,403
Prepaid expenses and other assets 58,365 79,351 99,328 98,522
Other intangible assets, net 8,789 7,374 6,088 20,614
Goodwill 119,029 119,029 119,029 240,939
Total assets 3,650,792 3,878,981 4,113,270 5,316,927

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits 3,108,287 3,229,648 3,393,060 4,432,402
Federal Home Loan Bank advances 0 79,600 92,500 0
Junior subordinated debentures 19,424 19,717 20,009 20,302
Securities sold under agreement to repurchase 23,214 22,104 31,821 31,487
Accrued expenses and other liabilities 29,897 46,149 67,575 72,013
Total liabilities 3,180,822 3,397,218 3,604,965 4,556,204

Stockholders' equity

Preferred stock 0 0 0 0
Common stock 359,451 359,060 360,590 591,806
Retained earnings 107,960 125,309 149,013 176,372
Accumulated other comprehensive loss, net 2,559 (2,606) (1,298) (7,455)
Total stockholders' equity 469,970 481,763 508,305 760,723
Total liabilities and stockholders' equity 3,650,792 3,878,981 4,113,270 5,316,927
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
Follow us
More than a Community Bank. A Community of Banks.
©2019 Heritage Bank. All rights reserved.