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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Heritage Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents