Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (9.8 on a scale of 0 to 10). Excellent current capitalization (7.8 on a scale of 0 to 10) based on a risk-based capital ratio of 14.8 and a capital leverage ratio of 10.1.
Other Rating Factors:
A current level of 0.5 percent of nonperforming loans to core capital combined with 1.0 percent from a year earlier contributes to the Excellent asset quality (7.4). Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 0.9 has resulted in Good (5.4) profitability.
Asset Mix:
Comm re (36%), securities (18%), cash (11%), comm loans (9%), home mtgs (8%), home eq lns (2%), consumer loans (0%), other (16%)
States with Branches:
CA
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Heritage Commerce Corp
Investment Rating
--
Address
224 Airport Parkway
San Jose, CA 95110
San Jose, CA 95110
Phone Number
(408) 947-6900
Year Founded
1994
FDIC Number
Largest Affiliates
No affiliate information available.