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Overview / Commentary
150 Almaden Boulevard
San Jose, CA 95113

Heritage Bank of Commerce is headquartered in San Jose and is the 42nd largest bank in the state of California. It is also the 471st largest bank in the nation. It was established in 1994 and as of June of 2014, it had grown to 201 employees at 13 locations. Heritage Bank of Commerce has a A+ health rating.

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Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Heritage Bank of Commerce had $7.94 million in non-current loans and owned real-estate with $185.71 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank of Commerce a Texas Ratio of 4.27% 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 of Commerce decreased dramatically from 7.81% as of June 30, 2013 to 4.27% as of June 30, 2014, resulting in a positive change of 45.31%.This indicates that the balance sheet and financial strength for Heritage Bank of Commerce has improved dramatically in recent periods.

Deposit Growth


In the past year, Heritage Bank of Commerce has increased its total deposits by $83.78 million, resulting in 6.98% 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 of Commerce has shown is excellent.



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 of Commerce has $1.48 billion in assets with $185.71 million in equity, resulting in a capitalization level of 12.53%, which is excellent.

Institution Statistics

FDIC Certificate #33905
Year Established1994
Primary RegulatorFED
Assets and Liabilities
Assets$1.48 billion
Loans$974.02 million
Deposits$1.28 billion
Equity Capital$167.12 million
Loan Loss Allowance$18.59 million
Unbacked Noncurrent Loans$7.41 million
Real Estate Owned$525,000
Historic Data - June 2013
Assets$1.40 billion
Equity Capital$163.76 million
Loan Loss Allowance$19.34 million
Unbacked Noncurrent Loans$7.41 million
Real Estate Owned$659,000
Profit Margin - Quarterly
Return on Assets0.94%
Return on Equity8.65%
Interest Income$28.35 million

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Heritage Bank of Commerce Locations
Walnut Creek Branch101 Ygnacio Valley RoadWalnut Creek, CA 94596
Heritage Bank Of Commerce150 Almaden BoulevardSan Jose, CA 95113
Los Gatos Branch15575 Los Gatos Boulevard, Building BLos Gatos, CA 95032
Morgan Hill Branch18625 Sutter DriveMorgan Hill, CA 95037
Pleasanton Office300 Main StreetPleasanton, CA 94566
Fremont Branch3137 Stevenson BoulevardFremont, CA 94538
Sunnyvale Branch333 West El Camino Real Suite 150Sunnyvale, CA 94087
Danville Branch387 Diablo RoadDanville, CA 94526
Los Altos Branch419 South San Antonio RoadLos Altos, CA 94022
Gilroy Branch7598 Monterey StreetGilroy, CA 95020