Heritage Commerce Corp (HTBK)

Heritage Commerce Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	49.72	408.13	306.6	1,306	1,131	457.37
Investment Securities	1,121	417.35	459.62	55.4	134.43	207.81
Mortgage-Backed Securities	627.07	678.64	748.5	709.63	403.98	569.71
Total Investments	1,748	1,096	1,208	765.03	538.41	777.51
Gross Loans	3,411	3,351	3,299	3,091	2,626	2,534
Allowance for Loan Losses	-47.82	-47.96	-47.51	-43.29	-44.4	-23.29
Other Adjustments to Gross Loans	-0.33	-0.5	-0.52	-3.46	-6.73	-0.32
Net Loans	3,362	3,302	3,251	3,044	2,575	2,511
Property, Plant & Equipment	10.4	41.53	42.33	44.52	46.33	20.42
Goodwill	167.63	167.63	167.63	167.63	167.63	167.42
Other Intangible Assets	6.97	8.63	11.03	13.67	16.66	20.42
Loans Held for Sale	1.65	2.21	2.46	2.37	1.7	1.05
Accrued Interest Receivable	123.74	14.96	15.05	10.78	10.55	10.92
Other Receivables	-	0.12	0.15	0.22	0.31	0.5
Other Long-Term Assets	80.68	119.94	120.64	112.44	113.07	113.45
Total Assets	5,552	5,194	5,158	5,499	4,634	4,109
Interest Bearing Deposits	3,260	2,894	2,545	2,761	2,149	1,864
Institutional Deposits	196.95	192.23	108.19	94.7	103.75	99.88
Non-Interest Bearing Deposits	1,272	1,292	1,737	1,904	1,662	1,451
Total Deposits	4,730	4,378	4,390	4,759	3,914	3,415
Short-Term Borrowings	-	-	-	-	-	0.33
Current Portion of Leases	-	6.66	-	-	-	-
Accrued Interest Payable	97.1	4.69	0.6	0.48	0.55	0.71
Other Current Liabilities	-	0.01	-	-	-	-
Long-Term Debt	39.62	39.5	39.35	39.93	39.74	39.55
Long-Term Leases	-	25.01	33.03	34.88	35.87	13.03
Pension & Post-Retirement Benefits	-	33.4	32.86	42.42	45.09	41.89
Other Long-Term Liabilities	-	33.46	29.68	24.27	20.49	22.48
Total Liabilities	4,866	4,521	4,525	4,901	4,056	3,533
Common Stock	509.13	506.54	502.92	497.7	493.71	489.75
Retained Earnings	185.11	179.09	146.39	111.33	94.9	96.74
Comprehensive Income & Other	-8.89	-12.73	-16.86	-11	-10.72	-9.78
Total Common Equity	685.35	672.9	632.46	598.03	577.89	576.71
Shareholders' Equity	685.35	672.9	632.46	598.03	577.89	576.71
Total Liabilities & Equity	5,552	5,194	5,158	5,499	4,634	4,109
Total Debt	39.62	71.18	72.38	74.8	75.61	52.91
Net Cash (Debt)	10.11	336.95	234.22	1,231	1,055	404.46
Net Cash Growth	-98.24%	43.86%	-80.98%	16.67%	160.96%	223.05%
Net Cash Per Share	0.16	5.50	3.83	20.29	17.54	8.44
Filing Date Shares Outstanding	61.3	61.17	60.9	60.37	59.92	59.55
Total Common Shares Outstanding	61.3	61.15	60.85	60.34	59.92	59.37
Book Value Per Share	11.18	11.00	10.39	9.91	9.64	9.71
Tangible Book Value	510.76	496.64	453.79	416.73	393.59	388.87
Tangible Book Value Per Share	8.33	8.12	7.46	6.91	6.57	6.55

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