Heritage Bank South Valley in Morgan Hill, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2003

  • Heritage Bank South Valley in Morgan Hill, California (CA)
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Heritage Bank South Valley - Overview

  • General
  • FDIC Certificate #: 35300
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Heritage Bank of Commerce (#33905)
    Federal Reserve ID: 2819158
    Date Established: January 18, 2000
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 77690
    Numeric code: 13
    Regulator: FED
    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: January 18, 2000
    Last Structure Change Effective Date: January 01, 2003
    Last Structure Change Process Date: Febuary 10, 2003
    Last Data Update: Febuary 10, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 18625 Sutter Drive, Morgan Hill, CA 95037
    County: Santa Clara
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: San Francisco
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): San Jose, CA (#7400)
    Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
    Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
    Core Based Statistical Area (CBSA): San Jose-Sunnyvale-Santa Clara, CA (#41940)
    CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
  • Financial Summary
  • Total assets: $73.1 mil

2000 - 2011 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, 2002)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $73,068Total assets
  • $3,180Cash and due from depository institutions
  • $0Interest-bearing balances
  • $7,090Securities
  • $1,900Federal funds sold & reverse repurchase agreements
  • $57,379Net loans & leases
  • $932Loan loss allowance
  • $0Trading account assets
  • $535Bank premises and fixed assets
  • $0Other real estate owned
  • $237Goodwill and other intangibles
  • $0Life insurance assets
  • $2,747All other assets
  • $73,068Total liabilities and capital
  • $65,918Total liabilities
  • $64,031Total deposits
  • $56,625Interest-bearing deposits
  • $64,031Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,887All other liabilities
  • $7,150Total equity capital
  • $7,150Total bank equity capital
  • $7,150Perpetual preferred stock
  • $0Common stock
  • $7,000Surplus
  • $0Undivided profits
  • Memoranda
  • $150Noncurrent loans and leases
  • $20,174Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $263Average Assets, year-to-date
  • $66,369Average Assets, quarterly
  • $2,007Volatile liabilities
  • $71,140Insider loans
  • $73,958FHLB advances
  • $14,150Loans and leases held for sale
  • $3,399Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $882Total risk weighted assets
  • $20,174Total unused commitments
  • $0Restructured Loans and leases
  • $825Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $4,000Total interest income
  • $1,239Total interest expense
  • $2,761Net interest income
  • $194Provision for loan and lease losses
  • $127Total noninterest income
  • $0Fiduciary activities
  • $68Service charges on deposit accounts
  • $0Trading account gains & fees
  • $59Additional noninterest income
  • $2,676Total noninterest expense
  • $1,493Salaries and employee benefits
  • $578Premises and equipment expense
  • $605Additional noninterest expense
  • $18Pre-tax net operating income
  • $20Securities gains (losses)
  • $13Applicable income taxes
  • $25Income before extraordinary items
  • $0Extraordinary gains - net
  • $25Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.21%Yield on earning assets
  • 1.92%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 4.15%Noninterest expense to earning assets
  • 0.02%Net operating income to assets
  • 0.04%Return on assets (ROA)
  • 0.05%Pretax return on assets
  • 0.35%Return on equity (ROE)
  • 0.35%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 91,482Assets per employee
  • 3.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 89.61%Net loans and leases to core deposits
  • 115.03%Equity capital to assets
  • 9.79%Core capital (leverage) ratio
  • 9.33%Tier 1 risk-based capital ratio
  • 10.32%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $71,140Average earning assets
  • $7,049Average equity
  • $64,405Average loans

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