Heritage Bank in Wharton, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 23, 2001

  • Heritage Bank in Wharton, Texas (TX)
  • Show street view No street view available for this location

Heritage Bank - Overview

  • General
  • FDIC Certificate #: 1221
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Prosperity Bank (#16835)
    Federal Reserve ID: 373469
    Date Established: January 01, 1898
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Interstate: No)
    OTS Docket #: 10852
    FDIC's unique #: 839
    Numeric code: 21
    Regulator: FDIC
    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: January 01, 1934
    Last Structure Change Effective Date: Febuary 23, 2001
    Last Structure Change Process Date: March 19, 2001
    Last Data Update: March 19, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 143 West Burleson Street, Wharton, TX 77488
    County: Wharton
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): El Campo, TX (#20900)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $443.5 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, 2000)

  • Dollar figures in thousands
  • 145Total employees (full-time equivalent)
  • $443,488Total assets
  • $16,405Cash and due from depository institutions
  • $1,085Interest-bearing balances
  • $208,625Securities
  • $47,500Federal funds sold & reverse repurchase agreements
  • $160,096Net loans & leases
  • $2,424Loan loss allowance
  • $0Trading account assets
  • $4,567Bank premises and fixed assets
  • $545Other real estate owned
  • $529Goodwill and other intangibles
  • $0Life insurance assets
  • $5,221All other assets
  • $443,488Total liabilities and capital
  • $416,108Total liabilities
  • $400,289Total deposits
  • $329,054Interest-bearing deposits
  • $400,289Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $13,931Other borrowed funds
  • $0Subordinated debt
  • $1,888All other liabilities
  • $27,380Total equity capital
  • $27,380Total bank equity capital
  • $27,380Perpetual preferred stock
  • $0Common stock
  • $5Surplus
  • $16,522Undivided profits
  • Memoranda
  • $10,853Noncurrent loans and leases
  • $22,365Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $788Earning assets
  • $4Long-term assets (5+ years)
  • $873Average Assets, year-to-date
  • $417,306Average Assets, quarterly
  • $180,128Volatile liabilities
  • $425,647Insider loans
  • $435,844FHLB advances
  • $56,846Loans and leases held for sale
  • $4,746Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $22,365Total unused commitments
  • $114Restructured Loans and leases
  • $2,426Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $28,482Total interest income
  • $16,171Total interest expense
  • $12,311Net interest income
  • $0Provision for loan and lease losses
  • $2,388Total noninterest income
  • $0Fiduciary activities
  • $2,053Service charges on deposit accounts
  • $0Trading account gains & fees
  • $335Additional noninterest income
  • $10,655Total noninterest expense
  • $5,747Salaries and employee benefits
  • $1,978Premises and equipment expense
  • $2,930Additional noninterest expense
  • $4,044Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,377Applicable income taxes
  • $2,667Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,667Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$146Sale, conversion, retirement of capital stock, net
  • $900Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.12%Yield on earning assets
  • 4.04%Cost of funding earning assets
  • 3.08%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 2.66%Noninterest expense to earning assets
  • 0.63%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 10.15%Return on equity (ROE)
  • 6.72%Retained earnings to average equity (YTD only)
  • -0.10%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 72,229Assets per employee
  • 3.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.75%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 307.61%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.48%Net loans and leases to deposits
  • 40.00%Net loans and leases to core deposits
  • 46.62%Equity capital to assets
  • 6.17%Core capital (leverage) ratio
  • 6.19%Tier 1 risk-based capital ratio
  • 12.61%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $425,647Average earning assets
  • $26,281Average equity
  • $399,889Average loans

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