Institution Statistics
| Heritage Bank of the South | | FDIC Certificate # | 50028 | | BankRate Report | View | | Year Established | 1955 | | Employees | 321 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $1.09 billion | | Loans | $676.55 million | | Deposits | $883.20 million | | Equity Capital | $104.02 million | | Loan Loss Allowance | $9.06 million | | Unbacked Noncurrent Loans | $27.42 million | | Real Estate Owned | $3.24 million |
Historic Data - December 2011 | | Assets | $1.09 billion | | Equity Capital | $99.89 million | | Loan Loss Allowance | $7.49 million | | Unbacked Noncurrent Loans | $7.04 million | | Real Estate Owned | $3.36 million |
Profit Margin - Quarterly | | Net Interest Margin | 5.32% | | Return on Assets | 0.69% | | Return on Equity | 7.24% | | Interest Income | $54.74 million |
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Institution Health
Overall Score:
3 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 December 31, 2012 Heritage Bank of the South had $30.66 million in non-current loans and owned real-estate with $113.08 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank of the South a Texas Ratio of 27.12% which is average. 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 the South increased slightly from 9.69% as of December 31, 2011 to 27.12% as of December 31, 2012, resulting in a negative change of 179.89%. This indicates that the balance sheet and financial strength for Heritage Bank of the South has declined slightly in recent periods. | | Deposit Growth |  | | In the past year, Heritage Bank of the South has decreased its total deposits by -$22.42 million, resulting in -2.48% 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 the South 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. Heritage Bank of the South has $1.09 billion in assets with $113.08 million in equity, resulting in a capitalization level of 10.33%, which is above average. |
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