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



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Heritage Bank of Commerce routing number info

Table of contents:
Heritage Bank of Commerce
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)189
Total assets$1,303,246
Cash and due from depository institutions$72,872
Interest-bearing balances$52,011
Securities$380,455
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$745,058
Loan loss allowance $20,700
Trading account assets$0
Bank premises and fixed assets$7,980
Other real estate owned$2,312
Goodwill and other intangibles$3,283
All other assets$91,286
Life insurance assets$1,303,246
Total liabilities and capital$1,108,206
Total liabilities$1,073,775
Total deposits$927,777
Interest-bearing deposits$1,073,775
Deposits held in domestic offices$74
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $34,431
All other liabilities $195,040
Total equity capital$195,040
Total bank equity capital$195,040
Perpetual preferred stock$0
Common stock$82,211
Surplus$87,073
Undivided profits $25,756
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,167
Income earned, not collected on loans $16,830
Earning assets $1,437
Long-term assets (5+ years) $3,719
Average Assets, year-to-date $1,177,524
Average Assets, quarterly $426,374
Volatile liabilities $1,261,520
Insider loans $1,276,454
FHLB advances $967,898
Loans and leases held for sale $1,301,859
Unused loan commitments $46,388
Tier 1 (core) risk-based capital $46,388
Tier 2 risk-based capital $178,697
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $273,065
Derivatives$400
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $52,292
Total interest expense $4,014
Net interest income $48,278
Provision for loan and lease losses $4,469
Total noninterest income $6,536
Fiduciary activities $0
Service charges on deposit accounts $2,355
Trading account gains & fees $0
Additional noninterest income $4,181
Total noninterest expense $36,173
Salaries and employee benefits $19,600
Premises and equipment expense $4,004
Additional noninterest expense $12,569
Pre-tax net operating income $14,172
Securities gains (losses) $459
Applicable income taxes $283
Income before extraordinary items $14,348
Extraordinary gains - net $0
Net income attributable to bank $14,348
Net charge-offs $0
Cash dividends $14,348
Sale, conversion, retirement of capital stock, net $8,973
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.59%
Cost of funding earning assets 0.35%
Net interest margin 4.24%
Noninterest income to earning assets 0.57%
Noninterest expense to earning assets 3.18%
Net operating income to assets 1.10%
Return on assets (ROA) 1.14%
Pretax return on assets 1.16%
Return on equity (ROE) 7.78%
Retained earnings to average equity (YTD only) 7.78%
Net charge-offs to loans 1.12%
Credit loss provision to net charge-offs 49.80%
Efficiency ratio2.08%
Assets per employee$65,036
Cash dividends to net income (YTD only)6.90%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.70%
Noncurrent assets plus other real estate owned to assets 122.99%
Noncurrent loans to loans 1.47%
Net loans and leases to deposits2.20%
Net loans and leases to core deposits 69.39%
Equity capital to assets 86.58%
Core capital (leverage) ratio 14.97%
Tier 1 risk-based capital ratio 13.73%
Total risk-based capital ratio 18.46%
Memoranda
Average assets$20
Average earning assets$1,261,520
Average equity $184,453
Average loans $1,138,696
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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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