Heritage Bank of Commerce in San Jose, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Heritage Bank of Commerce in San Jose, California (CA)
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Heritage Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 33905
    Status: Active
    Federal Reserve ID: 2209553
    Bank Holding Company (Regulatory Top Holder): Heritage Commerce Corp (RSSDID: 2634874, Location: San Jose, CA)
    Date Established: June 08, 1994
    WWW: http://www.heritagebankofcommerce.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 12 (Domestic: 12, Interstate: No)
    FDIC's unique #: 54761
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 08, 1994
    Last Structure Change Effective Date: June 21, 2007
    Last Structure Change Process Date: July 02, 2007
    Last Data Update: July 02, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 150 Almaden Boulevard, San Jose, CA 95113
    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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,303.2 mil
    Equity capital: $195.0 mil
    Deposits held in domestic offices: $1,073.8 mil
    Return on assets (ROA): 1.14% ($14.9 mil)
    Quarterly return on assets: 1.11% ($14.5 mil)
    Return on Equity (ROE): 7.78% ($15.2 mil)
    Quarterly return on equity: 7.30% ($14.2 mil)
    Net income: $14.3 mil
    Quarterly Net income: $3.5 mil
    Pretax return on assets: 1.16% ($15,117.7 mil)
    Quarterly Pretax return on assets: 1.28% ($16,681.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)

  • Dollar figures in thousands
  • 189Total employees (full-time equivalent)
  • $1,303,246Total assets
  • $72,872Cash and due from depository institutions
  • $52,011Interest-bearing balances
  • $380,455Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $745,058Net loans & leases
  • $20,700Loan loss allowance
  • $0Trading account assets
  • $7,980Bank premises and fixed assets
  • $2,312Other real estate owned
  • $3,283Goodwill and other intangibles
  • $1,303,246Life insurance assets
  • $91,286All other assets
  • $1,108,206Total liabilities and capital
  • $1,073,775Total liabilities
  • $927,777Total deposits
  • $1,073,775Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $34,431Subordinated debt
  • $195,040All other liabilities
  • $195,040Total equity capital
  • $195,040Total bank equity capital
  • $0Perpetual preferred stock
  • $82,211Common stock
  • $87,073Surplus
  • $25,756Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,167Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,830Income earned, not collected on loans
  • $1,437Earning assets
  • $3,719Long-term assets (5+ years)
  • $1,177,524Average Assets, year-to-date
  • $426,374Average Assets, quarterly
  • $1,261,520Volatile liabilities
  • $1,276,454Insider loans
  • $967,898FHLB advances
  • $1,301,859Loans and leases held for sale
  • $46,388Unused loan commitments
  • $46,388Tier 1 (core) risk-based capital
  • $178,697Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $273,065Restructured Loans and leases
  • $400Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $52,292Total interest income
  • $4,014Total interest expense
  • $48,278Net interest income
  • $4,469Provision for loan and lease losses
  • $6,536Total noninterest income
  • $0Fiduciary activities
  • $2,355Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,181Additional noninterest income
  • $36,173Total noninterest expense
  • $19,600Salaries and employee benefits
  • $4,004Premises and equipment expense
  • $12,569Additional noninterest expense
  • $14,172Pre-tax net operating income
  • $459Securities gains (losses)
  • $283Applicable income taxes
  • $14,348Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,348Net income attributable to bank
  • $0Net charge-offs
  • $14,348Cash dividends
  • $8,973Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.59%Yield on earning assets
  • 0.35%Cost of funding earning assets
  • 4.24%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 7.78%Return on equity (ROE)
  • 7.78%Retained earnings to average equity (YTD only)
  • 1.12%Net charge-offs to loans
  • 49.80%Credit loss provision to net charge-offs
  • 2.08%Efficiency ratio
  • 65,036Assets per employee
  • 6.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.70%Loss allowance to noncurrent loans
  • 122.99%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 2.20%Net loans and leases to deposits
  • 69.39%Net loans and leases to core deposits
  • 86.58%Equity capital to assets
  • 14.97%Core capital (leverage) ratio
  • 13.73%Tier 1 risk-based capital ratio
  • 18.46%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $1,261,520Average earning assets
  • $184,453Average equity
  • $1,138,696Average loans

List of branches

  • 12 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    054761Heritage Bank Of Commerce150 Almaden Boulevard, San Jose, CA 95113June 08, 1994Full Service Brick and Mortar
    1290202Park Center Branch100 Park Center Plaza, Suite 430, San Jose, CA 95113May 12, 1997Limited Service Loan Production
    477690Morgan Hill Branch18625 Sutter Drive, Morgan Hill, CA 95037January 18, 2000Full Service Brick and Mortar
    5361273Gilroy Branch7598 Monterey Street, Gilroy, CA 95020June 06, 2001Full Service Brick and Mortar
    661975Fremont Branch3077 Stevenson Boulevard, Fremont, CA 94538December 07, 1998Full Service Brick and Mortar
    10254181Mountain View Branch175 East El Camino Real, Mountain View, CA 94040May 19, 1998Full Service Brick and Mortar
    11425130Los Gatos Branch15575 Los Gatos Boulevard, Building B, Los Gatos, CA 95032December 08, 2003Full Service Brick and Mortar
    12365470Danville Branch387 Diablo Road, Danville, CA 94526October 20, 2003Full Service Brick and Mortar
    13431554Alameda/Contra Costa County Courier387 Diablo Road, Danville, CA 94526October 27, 2003Limited Service Messenger
    14431555Pleasanton Office300 Main Street, Pleasanton, CA 94566January 26, 2004Full Service Brick and Mortar
    15467598Walnut Creek Branch101 Ygnacio Valley Road, Walnut Creek, CA 94596August 20, 2007Full Service Brick and Mortar
    16492792Los Altos Branch419 South San Antonio Road, Los Altos, CA 94022September 22, 2008Full Service Brick and Mortar

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