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

This bank is inactive as of January 14, 2000

  • Heritage Bank in Waxahachie, Texas (TX)
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Heritage Bank - Overview

  • General
  • FDIC Certificate #: 26978
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank (#849)
    Federal Reserve ID: 859468
    Date Established: May 28, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    FDIC's unique #: 36393
    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: May 28, 1987
    Last Structure Change Effective Date: January 14, 2000
    Last Structure Change Process Date: Febuary 02, 2000
    Last Data Update: Febuary 02, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 Northgate Drive, Waxahachie, TX 75165
    County: Ellis
    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): Dallas, TX (#1920)
    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: Dallas-Plano-Irving, TX (#19124)
  • Financial Summary
  • Total assets: $177.3 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, 1999)

  • Dollar figures in thousands
  • 111Total employees (full-time equivalent)
  • $177,342Total assets
  • $18,085Cash and due from depository institutions
  • $448Interest-bearing balances
  • $33,435Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $115,841Net loans & leases
  • $1,659Loan loss allowance
  • $0Trading account assets
  • $6,417Bank premises and fixed assets
  • $403Other real estate owned
  • $1,134Goodwill and other intangibles
  • $0Life insurance assets
  • $2,027All other assets
  • $177,342Total liabilities and capital
  • $166,342Total liabilities
  • $163,543Total deposits
  • $123,863Interest-bearing deposits
  • $163,543Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,510Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $779Other borrowed funds
  • $0Subordinated debt
  • $510All other liabilities
  • $11,000Total equity capital
  • $11,000Total bank equity capital
  • $11,000Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $6,711Undivided profits
  • Memoranda
  • $3,289Noncurrent loans and leases
  • $18,093Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $238Earning assets
  • $0Long-term assets (5+ years)
  • $1,206Average Assets, year-to-date
  • $149,724Average Assets, quarterly
  • $15,383Volatile liabilities
  • $171,702Insider loans
  • $176,023FHLB advances
  • $22,797Loans and leases held for sale
  • $809Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $18,093Total unused commitments
  • $0Restructured Loans and leases
  • $1,559Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $13,290Total interest income
  • $4,688Total interest expense
  • $8,602Net interest income
  • $475Provision for loan and lease losses
  • $2,553Total noninterest income
  • $0Fiduciary activities
  • $1,928Service charges on deposit accounts
  • $0Trading account gains & fees
  • $625Additional noninterest income
  • $8,172Total noninterest expense
  • $4,558Salaries and employee benefits
  • $1,151Premises and equipment expense
  • $2,463Additional noninterest expense
  • $2,508Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $2,508Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,508Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $200Sale, conversion, retirement of capital stock, net
  • $2,842Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.82%Yield on earning assets
  • 3.11%Cost of funding earning assets
  • 5.71%Net interest margin
  • 1.69%Noninterest income to earning assets
  • 5.43%Noninterest expense to earning assets
  • 1.46%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 21.23%Return on equity (ROE)
  • -2.83%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 237.50%Credit loss provision to net charge-offs
  • 14.91%Efficiency ratio
  • 72,362Assets per employee
  • 1.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 113.32%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 697.06%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 70.83%Net loans and leases to core deposits
  • 81.43%Equity capital to assets
  • 6.20%Core capital (leverage) ratio
  • 6.62%Tier 1 risk-based capital ratio
  • 8.56%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $171,702Average earning assets
  • $11,815Average equity
  • $150,632Average loans

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