Heritage Bank (TX) is headquartered in Pearland and is the 391st largest bank in the state of Texas. It is also the 4,881st largest bank in the nation. It was established in 1985 and as of September of 2013, it had grown to 26 employees at 2 locations. Heritage Bank (TX)'s money market rates are 2X 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 September 30, 2013 Heritage Bank (TX) had $0 in non-current loans and owned real-estate with $19.16 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.
The Texas Ratio for Heritage Bank (TX) increased slightly from 0.27% as of September 30, 2012 to 0.00% as of September 30, 2013, resulting in a positive change of 100.00%.This indicates that the balance sheet and financial strength for Heritage Bank (TX) has declined slightly in recent periods.
In the past year, Heritage Bank (TX) has increased its total deposits by $12.16 million, resulting in 18.57% 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 $96 million in assets with $19.16 million in equity, resulting in a capitalization level of 19.96%, which is excellent.
|FDIC Certificate #||26372|
|Assets and Liabilities|
|Equity Capital||$18.17 million|
|Loan Loss Allowance||$994,000|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Equity Capital||$11.85 million|
|Loan Loss Allowance||$707,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||5.12%|
|Return on Assets||0.65%|
|Return on Equity||3.49%|
|Interest Income||$3.45 million|
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|0.90%||$250k||-||Lone Star Money Market|
|0.90%||$250k||-||Legacy Money Market|
|0.20%||-||-||Super NOW Checking|
|1.61%||$1k||-||60 Month CD|
|1.31%||$1k||-||48 Month CD|
|1.11%||$1k||-||36 Month CD|
|1.00%||$1k||-||24 Month CD|
|0.85%||$1k||-||18 Month CD|
|0.75%||$1k||-||12 Month CD|
|0.45%||$1k||-||181 - 364 Day CD|
|0.30%||$1k||-||90 - 180 Day CD|
|1.21%||$1k||-||18 Month IRA|
|0.91%||$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|