FDIC Certificate #: 22176 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Heritage Bank of Commerce (#33905) Federal Reserve ID: 455561 Date Established: December 04, 1975 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 14533 FDIC's unique #: 15407 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: December 04, 1975 Last Structure Change Effective Date: January 01, 2003 Last Structure Change Process Date: Febuary 10, 2003 Last Data Update: Febuary 10, 2003 Data Source Date: April 05, 2012
Location
Address: 4546 El Camino Real, Suite A9, Los Altos, CA 94022 County: Santa Clara Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: San Francisco Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): San Jose, CA (#7400) Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84) Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488) Core Based Statistical Area (CBSA): San Jose-Sunnyvale-Santa Clara, CA (#41940) CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
Financial Summary
Total assets: $269.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2002)
Dollar figures in thousands
62Total employees (full-time equivalent)
$269,839Total assets
$13,590Cash and due from depository institutions
$4,138Interest-bearing balances
$54,758Securities
$5,200Federal funds sold & reverse repurchase agreements
$185,929Net loans & leases
$3,235Loan loss allowance
$0Trading account assets
$1,375Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$8,987All other assets
$269,839Total liabilities and capital
$244,119Total liabilities
$239,835Total deposits
$200,958Interest-bearing deposits
$239,835Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$4,284All other liabilities
$25,720Total equity capital
$25,720Total bank equity capital
$25,720Perpetual preferred stock
$0Common stock
$5,081Surplus
$6,036Undivided profits
Memoranda
$14,603Noncurrent loans and leases
$82,491Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,609Earning assets
$0Long-term assets (5+ years)
$1,154Average Assets, year-to-date
$250,025Average Assets, quarterly
$22,826Volatile liabilities
$265,009Insider loans
$264,061FHLB advances
$34,863Loans and leases held for sale
$4,054Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$82,491Total unused commitments
$0Restructured Loans and leases
$2,989Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$14,715Total interest income
$3,026Total interest expense
$11,689Net interest income
$815Provision for loan and lease losses
$1,994Total noninterest income
$0Fiduciary activities
$357Service charges on deposit accounts
$0Trading account gains & fees
$1,637Additional noninterest income
$9,016Total noninterest expense
$5,500Salaries and employee benefits
$1,427Premises and equipment expense
$2,089Additional noninterest expense
$3,852Pre-tax net operating income
$414Securities gains (losses)
$1,390Applicable income taxes
$2,876Income before extraordinary items
$0Extraordinary gains - net
$2,876Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$289Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.97%Yield on earning assets
1.23%Cost of funding earning assets
4.74%Net interest margin
0.81%Noninterest income to earning assets
3.66%Noninterest expense to earning assets
0.98%Net operating income to assets
1.09%Return on assets (ROA)
1.61%Pretax return on assets
11.88%Return on equity (ROE)
11.88%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
282.01%Credit loss provision to net charge-offs
16.15%Efficiency ratio
65,892Assets per employee
4.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.71%Loss allowance to noncurrent loans
123.99%Noncurrent assets plus other real estate owned to assets
0.97%Noncurrent loans to loans
1.38%Net loans and leases to deposits
77.52%Net loans and leases to core deposits
90.71%Equity capital to assets
9.53%Core capital (leverage) ratio
9.42%Tier 1 risk-based capital ratio
10.58%Total risk-based capital ratio
Memoranda
$12Average assets
$265,009Average earning assets
$24,202Average equity
$246,549Average loans
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