Heritage Bank in Waxahachie, Texas (TX)
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| Heritage Bank | |
|---|---|
| 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 |
| 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 |
| 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 |
| Performance and Condition Ratios (December 31, 1999) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 8.82% |
| 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 ratio | 14.91% |
| 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 deposits | 0.20% |
| 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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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.