Herald National Bank

Herald National Bank is headquartered in New York and is the 80^th largest bank in the state of New York. It is also the 1,324^th largest bank in the nation. It was established in 2008 and as of March of 2012, it had grown to 52 employees at 3 locations. Herald National Bank has a 5-star health rating.

Herald National Bank Routing Number: 026014588

Data for Q1 2012

Institution Statistics Herald National Bank FDIC Certificate # 58858 BankRate Report View Year Established 2008 Employees 52 Primary Regulator OCC Assets and Liabilities Assets $512.15 million Loans $313.05 million Deposits $421.11 million Equity Capital $79.95 million Loan Loss Allowance $28,000 Unbacked Noncurrent Loans $104,000 Historic Data - March 2011 Assets $501.11 million Equity Capital $51.07 million Loan Loss Allowance $6.27 million Unbacked Noncurrent Loans $1.67 million Profit Margin - Quarterly Net Interest Margin 1.19% Return on Assets -0.18% Return on Equity -1.41% Interest Income $1.60 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Herald National Bank had $104,000 in non-current loans and owned real-estate with $79.98 million in equity and loan loss allowances on hand to cover it. This gives Herald National Bank a Texas Ratio of 0.13% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Herald National Bank decreased significantly from 2.91% as of March 31, 2011 to 0.13% as of March 31, 2012, resulting in a positive change of 95.53%.This indicates that the balance sheet and financial strength for Herald National Bank has improved significantly in recent periods. Deposit Growth In the past year, Herald National Bank has decreased its total deposits by -$16.04 million, resulting in -3.67% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Herald National Bank has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Herald National Bank has $512.15 million in assets with $79.98 million in equity, resulting in a capitalization level of 15.62%, which is excellent.

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