Heritage Bankshares (Heritage Bankshares) Total Deposits : $296.27 Mil (As of Sep. 2015)

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What is Heritage Bankshares Total Deposits?

Heritage Bankshares's annual total deposits declined from Dec. 2012 ($295.15 Mil) to Dec. 2013 ($263.59 Mil) but then increased from Dec. 2013 ($263.59 Mil) to Dec. 2014 ($266.90 Mil).

Heritage Bankshares Total Deposits Historical Data

The historical data trend for Heritage Bankshares's Total Deposits can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Heritage Bankshares Total Deposits Chart

Heritage Bankshares Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Total Deposits

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224.10

249.98

295.15

263.59

266.90

Heritage Bankshares Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Dec13	Sep14	Dec14	Sep15
Total Deposits	Get a 7-Day Free Trial															295.15	-	273.66	266.90	296.27

Heritage Bankshares Total Deposits Calculation

Total Deposits that banks' customers have in their accounts. This is an very important source of banks' liquidity.

When banks' customers flood to their banks to take their deposit out, it may be called "Bank Run", which may bring down a bank due to liquidity issues.

Heritage Bankshares (Heritage Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heritage Bankshares Inc (OTCPK:HBKS) » Definitions » Total Deposits

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.heritagenorfolk.com

Heritage Bankshares Inc is a bank holding company incorporated under the laws of the Commonwealth of Virginia in 1983. It serves as the holding company for its wholly-owned subsidiary, Heritage Bank. The Company, through the Bank, engages in a general community and commercial banking business, targeting the banking needs of individuals and small to medium sized businesses in its main service area which includes Chesapeake, Norfolk, and Virginia Beach, Virginia. The main business of the company is to attract deposits and to lend or invest those deposits on profitable terms. These deposits are in varied forms of both demand and time accounts including checking accounts, interest checking, money market accounts, savings accounts, certificates of deposit, and IRA accounts. The Company is involved in the construction and real estate lending market and actively extends both consumer and commercial credit. Loans consist of varying terms and might be secured or unsecured. Loans to individuals are for personal, household, and family purposes. Loans to businesses are made for purposes such as working capital, plant expansion, and equipment purchases. The banking business in the MSA, and the Company's main market area, is highly competitive, and the Company faces competition both in making loans and in attracting deposits. Bank holding companies and banks are regulated under both federal and state law.

Executives

Meredith Peter M Jr

director

MEREDITH CONSTRUCTION CO., INC., PO BOX 11265, NORFOLK VA 23517-0265

Heritage Bankshares (Heritage Bankshares) Headlines

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