Heritage Commerce Corp (HTBK)

Heritage Commerce Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	29.86	408.13	306.6	1,306	1,131
Investment Securities	1,155	417.35	459.62	55.4	134.43
Mortgage-Backed Securities	629.64	678.64	748.5	709.63	403.98
Total Investments	1,785	1,096	1,208	765.03	538.41
Gross Loans	3,492	3,351	3,299	3,091	2,626
Allowance for Loan Losses	-48.95	-47.96	-47.51	-43.29	-44.4
Other Adjustments to Gross Loans	-0.18	-0.5	-0.52	-3.46	-6.73
Net Loans	3,443	3,302	3,251	3,044	2,575
Property, Plant & Equipment	10.14	41.53	42.33	44.52	46.33
Goodwill	167.63	167.63	167.63	167.63	167.63
Other Intangible Assets	6.44	8.63	11.03	13.67	16.66
Loans Held for Sale	2.38	2.21	2.46	2.37	1.7
Accrued Interest Receivable	119.81	14.96	15.05	10.78	10.55
Other Receivables	-	0.12	0.15	0.22	0.31
Other Long-Term Assets	81.21	119.94	120.64	112.44	113.07
Total Assets	5,645	5,194	5,158	5,499	4,634
Interest Bearing Deposits	3,399	2,894	2,545	2,761	2,149
Institutional Deposits	206.76	192.23	108.19	94.7	103.75
Non-Interest Bearing Deposits	1,214	1,292	1,737	1,904	1,662
Total Deposits	4,820	4,378	4,390	4,759	3,914
Current Portion of Leases	-	6.66	-	-	-
Accrued Interest Payable	95.6	4.69	0.6	0.48	0.55
Other Current Liabilities	-	0.01	-	-	-
Long-Term Debt	39.65	39.5	39.35	39.93	39.74
Long-Term Leases	-	25.01	33.03	34.88	35.87
Pension & Post-Retirement Benefits	-	33.4	32.86	42.42	45.09
Other Long-Term Liabilities	-	33.46	29.68	24.27	20.49
Total Liabilities	4,955	4,521	4,525	4,901	4,056
Common Stock	510.07	506.54	502.92	497.7	493.71
Retained Earnings	187.76	179.09	146.39	111.33	94.9
Comprehensive Income & Other	-8.11	-12.73	-16.86	-11	-10.72
Total Common Equity	689.73	672.9	632.46	598.03	577.89
Shareholders' Equity	689.73	672.9	632.46	598.03	577.89
Total Liabilities & Equity	5,645	5,194	5,158	5,499	4,634
Total Debt	39.65	71.18	72.38	74.8	75.61
Net Cash (Debt)	-9.79	336.95	234.22	1,231	1,055
Net Cash Growth	-	43.86%	-80.98%	16.67%	160.96%
Net Cash Per Share	-0.16	5.50	3.83	20.29	17.54
Filing Date Shares Outstanding	61.35	61.17	60.9	60.37	59.92
Total Common Shares Outstanding	61.35	61.15	60.85	60.34	59.92
Book Value Per Share	11.24	11.00	10.39	9.91	9.64
Tangible Book Value	515.66	496.64	453.79	416.73	393.59
Tangible Book Value Per Share	8.41	8.12	7.46	6.91	6.57

Source: S&P Capital IQ. Banks template. Financial Sources.