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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