Heritage Bank (TX) is headquartered in Pearland and is the 371st largest bank in the state of Texas. It is also the 4,604th largest bank in the nation. It was established in 1985 and as of December of 2013, it had grown to 26 employees at 2 locations. Heritage Bank (TX)'s money market rates are 70% higher than the national average, and it boasts a A+ health rating.
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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, 2013 Heritage Bank (TX) had $0 in non-current loans and owned real-estate with $19.73 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank (TX) a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Heritage Bank (TX) has increased its total deposits by $15.02 million, resulting in 20.7% 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 (TX) 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 (TX) has $106.48 million in assets with $19.73 million in equity, resulting in a capitalization level of 18.53%, which is excellent.
|FDIC Certificate #||26372|
|Assets and Liabilities|
|Equity Capital||$18.69 million|
|Loan Loss Allowance||$1.04 million|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$16.55 million|
|Loan Loss Allowance||$772,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||5.16%|
|Return on Assets||0.7%|
|Return on Equity||3.81%|
|Interest Income||$4.79 million|
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|0.75%||$250k||-||Lone Star Money Market|
|0.75%||$250k||-||Legacy Money Market|
|0.10%||-||-||Super NOW Checking|
|1.31%||$1k||-||60 Month CD|
|1.11%||$1k||-||48 Month CD|
|1.00%||$1k||-||36 Month CD|
|0.70%||$1k||-||24 Month CD|
|0.65%||$1k||-||18 Month CD|
|0.60%||$1k||-||12 Month CD|
|0.30%||$1k||-||181 - 364 Day CD|
|0.20%||$1k||-||90 - 180 Day CD|
|0.90%||$1k||-||18 Month IRA|
|0.75%||$1k||-||12 Month IRA|
|Heritage Bank (TX) Locations|
|Detroit Branch||12038 Hwy 82 W||Detroit, TX 75436|
|Heritage Bank||1850 Pearland Parkway||Pearland, TX 77581|