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- Heritage Bank
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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