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Overview / Commentary
281-485-0600
1850 Pearland Parkway
Pearland, TX 77581

Heritage Bank (TX) is headquartered in Pearland and is the 366th largest bank in the state of Texas. It is also the 4,528th largest bank in the nation. It was established in 1985 and as of March of 2014, it had grown to 27 employees at 2 locations. Heritage Bank (TX) has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 March 31, 2014 Heritage Bank (TX) had $0 in non-current loans and owned real-estate with $19.91 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.

Deposit Growth

GRADE:
A+

In the past year, Heritage Bank (TX) has increased its total deposits by $13.21 million, resulting in 17.39% 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.

Capitalization

GRADE:
A+

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 $108.21 million in assets with $19.91 million in equity, resulting in a capitalization level of 18.40%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #26372
Year Established1985
Employees27
Primary RegulatorFED
Assets and Liabilities
Assets$108.21 million
Loans$78.98 million
Deposits$89.17 million
Equity Capital$18.86 million
Loan Loss Allowance$1.04 million
Real Estate Owned$0
Historic Data - March 2013
Assets$93.97 million
Equity Capital$17.84 million
Loan Loss Allowance$837,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.61%
Return on Assets0.66%
Return on Equity3.75%
Interest Income$1.20 million
Rates

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Locations


Heritage Bank (TX) Locations
Detroit Branch12038 Hwy 82 WDetroit, TX 75436
Heritage Bank1850 Pearland ParkwayPearland, TX 77581