Heritage Bank in Waxahachie, Texas (TX)



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Heritage Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)111
Total assets$177,342
Cash and due from depository institutions$18,085
Interest-bearing balances$448
Securities$33,435
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$115,841
Loan loss allowance $1,659
Trading account assets$0
Bank premises and fixed assets$6,417
Other real estate owned$403
Goodwill and other intangibles$1,134
All other assets$2,027
Life insurance assets$0
Total liabilities and capital$177,342
Total liabilities$166,342
Total deposits$163,543
Interest-bearing deposits$123,863
Deposits held in domestic offices$163,543
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $1,510
Trading liabilities$0
Other borrowed funds $779
Subordinated debt $0
All other liabilities $510
Total equity capital$11,000
Total bank equity capital$11,000
Perpetual preferred stock$11,000
Common stock$0
Surplus$1,000
Undivided profits $6,711
Memoranda
Noncurrent loans and leases $3,289
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $18,093
Income earned, not collected on loans $0
Earning assets $238
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,206
Average Assets, quarterly $149,724
Volatile liabilities $15,383
Insider loans $171,702
FHLB advances $176,023
Loans and leases held for sale $22,797
Unused loan commitments $809
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $18,093
Restructured Loans and leases $0
Derivatives$1,559
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Income and Expense (December 31, 1999)
(Dollar figures in thousands)
Total interest income $13,290
Total interest expense $4,688
Net interest income $8,602
Provision for loan and lease losses $475
Total noninterest income $2,553
Fiduciary activities $0
Service charges on deposit accounts $1,928
Trading account gains & fees $0
Additional noninterest income $625
Total noninterest expense $8,172
Salaries and employee benefits $4,558
Premises and equipment expense $1,151
Additional noninterest expense $2,463
Pre-tax net operating income $2,508
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $2,508
Extraordinary gains - net $0
Net income attributable to bank $2,508
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $200
Net operating income $2,842
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Performance and Condition Ratios (December 31, 1999)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.82%
Cost of funding earning assets 3.11%
Net interest margin 5.71%
Noninterest income to earning assets 1.69%
Noninterest expense to earning assets 5.43%
Net operating income to assets 1.46%
Return on assets (ROA) 1.46%
Pretax return on assets 1.46%
Return on equity (ROE) 21.23%
Retained earnings to average equity (YTD only) -2.83%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 237.50%
Efficiency ratio14.91%
Assets per employee$72,362
Cash dividends to net income (YTD only)1.60%
Condition Ratios (%)
Loss allowance to loans 113.32%
Loss allowance to noncurrent loans 1.41%
Noncurrent assets plus other real estate owned to assets 697.06%
Noncurrent loans to loans 0.36%
Net loans and leases to deposits0.20%
Net loans and leases to core deposits 70.83%
Equity capital to assets 81.43%
Core capital (leverage) ratio 6.20%
Tier 1 risk-based capital ratio 6.62%
Total risk-based capital ratio 8.56%
Memoranda
Average assets$10
Average earning assets$171,702
Average equity $11,815
Average loans $150,632
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