Queensland-based Heritage Building Society appears to have suffered no ill effects from the state's floods and storms earlier this year. A feature of the group's performance in the year to June 2011, details of which were released yesterday, was that home loans 30 days past due were well below the industry average at 0.4 per cent.Heritage made a net profit of $32.1 million - an increase of 7.2 per cent over the previous year. Pre-tax profit was up 3.7 per cent to $43.89 million.Total consolidated assets rose 6.3 per cent to $8.04 billion. The capital adequacy ratio was 14.1 per cent and the liquidity ratio was 18.9 per cent. Heritage's chairman, Brian Carter, said, in a statement, that the group would open two new branches in Queensland in the current financial year.Loan approvals were up 2.8 per cent, compared with system growth of seven per cent, and retail deposits were up 10.6 per cent, compared with system growth of 7.4 per cent.