Heritage Bank and Trust

Heritage Bank and Trust is headquartered in Norfolk and is the 63^rd largest bank in the state of Virginia. It is also the 2,150^th largest bank in the nation. It was established in 1977 and as of March of 2012, it had grown to 53 employees at 7 locations. Heritage Bank and Trust has a 5-star health rating.

Data for Q1 2012

Institution Statistics Heritage Bank FDIC Certificate # 22411 BankRate Report View Year Established 1977 Employees 53 Primary Regulator FED Assets and Liabilities Assets $304.23 million Loans $215.35 million Deposits $257.20 million Equity Capital $34.67 million Loan Loss Allowance $2.11 million Real Estate Owned $1.68 million Historic Data - March 2011 Assets $271.20 million Equity Capital $34.44 million Loan Loss Allowance $2.09 million Real Estate Owned $263,000 Profit Margin - Quarterly Net Interest Margin 4.06% Return on Assets 0.89% Return on Equity 7.7% Interest Income $3.01 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 Heritage Bank and Trust had $1.68 million in non-current loans and owned real-estate with $36.78 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank and Trust a Texas Ratio of 4.57% 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 Heritage Bank and Trust held steady from 0.72% as of March 31, 2011 to 4.57% as of March 31, 2012, resulting in a negative change of 535.27%. This indicates that the balance sheet and financial strength for Heritage Bank and Trust has held steady in recent periods. Deposit Growth In the past year, Heritage Bank and Trust has increased its total deposits by $30.4 million, resulting in 13.4% 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 Heritage Bank and Trust has shown is excellent. 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. Heritage Bank and Trust has $304.23 million in assets with $36.78 million in equity, resulting in a capitalization level of 12.09%, which is excellent.

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