FDIC Certificate #: 21696 Status: Inactive Closing history: Corrections Acquiring institution:Heritage Bank (#26978) Federal Reserve ID: 865553 Date Established: July 15, 1974 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 9621 FDIC's unique #: 15017 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: July 15, 1974 Last Structure Change Effective Date: January 01, 1999 Last Structure Change Process Date: May 06, 1999 Last Data Update: May 11, 1999 Data Source Date: April 05, 2012
Location
Address: Highway 174 South, Joshua, TX 76058 County: Johnson Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Dallas Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Fort Worth-Arlington, TX (#2800) Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31) Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100) CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100) Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $75.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
58Total employees (full-time equivalent)
$75,346Total assets
$4,539Cash and due from depository institutions
$344Interest-bearing balances
$27,372Securities
$9,985Federal funds sold & reverse repurchase agreements
$30,472Net loans & leases
$540Loan loss allowance
$0Trading account assets
$2,031Bank premises and fixed assets
$0Other real estate owned
$111Goodwill and other intangibles
$0Life insurance assets
$836All other assets
$75,346Total liabilities and capital
$70,038Total liabilities
$69,179Total deposits
$48,118Interest-bearing deposits
$69,179Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$564Other borrowed funds
$0Subordinated debt
$295All other liabilities
$5,308Total equity capital
$5,308Total bank equity capital
$5,308Perpetual preferred stock
$0Common stock
$400Surplus
$1,893Undivided profits
Memoranda
$3,015Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$830Earning assets
$0Long-term assets (5+ years)
$277Average Assets, year-to-date
$68,173Average Assets, quarterly
$8,187Volatile liabilities
$74,360Insider loans
$74,616FHLB advances
$2,109Loans and leases held for sale
$308Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,636Total unused commitments
$0Restructured Loans and leases
$38,258Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$5,634Total interest income
$1,752Total interest expense
$3,882Net interest income
$38Provision for loan and lease losses
$1,211Total noninterest income
$0Fiduciary activities
$957Service charges on deposit accounts
$0Trading account gains & fees
$254Additional noninterest income
$3,725Total noninterest expense
$1,707Salaries and employee benefits
$596Premises and equipment expense
$1,422Additional noninterest expense
$1,330Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,330Income before extraordinary items
$0Extraordinary gains - net
$1,330Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$117Sale, conversion, retirement of capital stock, net
$760Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.38%Yield on earning assets
2.61%Cost of funding earning assets
5.78%Net interest margin
1.80%Noninterest income to earning assets
5.54%Noninterest expense to earning assets
1.79%Net operating income to assets
1.79%Return on assets (ROA)
1.79%Pretax return on assets
26.47%Return on equity (ROE)
11.34%Retained earnings to average equity (YTD only)
0.34%Net charge-offs to loans
32.48%Credit loss provision to net charge-offs
11.69%Efficiency ratio
72,943Assets per employee
1.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
57.14%Loss allowance to loans
1.74%Loss allowance to noncurrent loans
65.06%Noncurrent assets plus other real estate owned to assets
1.10%Noncurrent loans to loans
2.68%Net loans and leases to deposits
44.05%Net loans and leases to core deposits
45.43%Equity capital to assets
7.04%Core capital (leverage) ratio
6.64%Tier 1 risk-based capital ratio
13.11%Total risk-based capital ratio
Memoranda
$14Average assets
$74,360Average earning assets
$5,025Average equity
$67,195Average loans
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