Heritage Bank of Commerce

Headquarters

224 Airport Parkway
San Jose, CA 95110
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD 0.20% 0.80% →
2-Year CD 0.25% 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Heritage Bank of Commerce is an FDIC insured institution located in San Jose, CA. It was founded in 1994 and has approximately $5 billion in assets. Customers can open an account at one of its 13 branches.

FDIC Insured Yes
FDIC Certificate # 33905
Date Established 1994
Assets $ 5.00 billion
Loans $ 2.66 billion
Deposits $ 4.30 billion
Capital $ 599.74 million
 

For a more detailed analysis of Heritage Bank of Commerce's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.10% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.20% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.30% $10,000 $14,999 Learn More
36 Mo CD
0.35% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.10% $1 $999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Heritage Bank of Commerce

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Better.com
NMLS ID: 330511
2.943% 2.875%
0.88 points
$2,182 fees
$1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Heritage Bank of Commerce
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Heritage Bank of Commerce branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Heritage Bank of Commerce Locations


Financial Details

Heritage Bank of Commerce Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Heritage Bank of Commerce. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Heritage Bank of Commerce U.S. Bank Average
0.87% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, Heritage Bank of Commerce had $5,593,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $599,741,000 in equity and $44,296,000 in loans loss reserves. That gives it a Texas Ratio of 0.87%.

Return on Equity
Heritage Bank of Commerce U.S. Bank Average
8.35% 11.43%

Heritage Bank of Commerce has a Return on Equity of 8.35% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Heritage Bank of Commerce U.S. Bank Average
12% 11.51%

Heritage Bank of Commerce has a Capitalization of 12% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Heritage Bank of Commerce Balance Sheet Analysis

As of March 31, 2021, Heritage Bank of Commerce had assets of $4,999,223,000, loans of $2,663,245,000, and deposits of $4,299,478,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 1,443.05 million
Interest-bearing balances $ 1,406.52 million
Total securities $ 503.25 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.66 billion
Loan loss allowance $ 44.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 184.17 million
All other assets $ 157.88 million
     Total Assets $ 4.40 billion
LIABILITIES
Total deposits $ 4.30 billion
      Interest-bearing deposits $ 2.47 billion
      Deposits held in domestic offices $ 4.30 billion
      % insured (estimated) 37.69%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 100.00 million
      Total Liabilities $ 4.40 billion
      Shareholders’ Equity $ 599.74 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 36.79 million
Total Interest Expense $ 1.23 million
Net interest income $ 35.56 million
Provision for loan and lease losses N.A.
Total non interest income $ 2.40 million
Total non interest expense $ 22.15 million
Pre-tax Net Operating Income $ 17.33 million

Bank Loan Profile?

The top three loan types in Heritage Bank of Commerce’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in California, Heritage Bank of Commerce has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 8.06
Multifamily
Mortgages
6.55
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 8.27
Construction and Development Loans 5.95
Commercial Real Estate 48.55
Commercial and Industrial Loans 29.65
Farm Loans 0.02

Frequently Asked Questions About Heritage Bank Of Commerce

Branches and Savings

Is Heritage Bank Of Commerce FDIC insured?

Yes. It is covered under FDIC Certificate #33905.

Why does Heritage Bank Of Commerce pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Heritage Bank Of Commerce CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Heritage Bank Of Commerce a commercial bank?

Yes

Where are Heritage Bank Of Commerce locations?

See branch locations nearby.

Is Heritage Bank Of Commerce open on Saturdays?

Is Heritage Bank Of Commerce open on Sundays?

What time does Heritage Bank Of Commerce open?

What time does Heritage Bank Of Commerce close?

Are Heritage Bank Of Commerce ATMs Open 24/7?

Do Heritage Bank Of Commerce ATMs accept cash deposits?

Can Heritage Bank Of Commerce customers use other ATMs?

Do Heritage Bank Of Commerce branches have notaries?

Will Heritage Bank Of Commerce notarize my document?

What address for Heritage Bank Of Commerce should I put for incoming ACH transfers?

Will the Heritage Bank Of Commerce branch print checks?

Do Heritage Bank Of Commerce checks expire?

Does Heritage Bank Of Commerce require US citizenship to open account?

Can Heritage Bank Of Commerce close my account?

Does Heritage Bank Of Commerce Report to credit bureaus?

Does Heritage Bank Of Commerce Use Equifax?

What is Heritage Bank Of Commerce's ACH Routing Number?

What is Heritage Bank Of Commerce's SWIFT code?

Products

Does Heritage Bank Of Commerce offer mortgages?

Compare mortgage rates here.

Does Heritage Bank Of Commerce offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Heritage Bank Of Commerce offer personal loans?

Compare personal loan rates here.

Does Heritage Bank Of Commerce offer student loans?

Will Heritage Bank Of Commerce cash a check?

Will Heritage Bank Of Commerce redeem a savings bond?

Does Heritage Bank Of Commerce cash savings bonds?

Will Heritage Bank Of Commerce cash money orders?

Can Heritage Bank Of Commerce issue a money order?

Does Heritage Bank Of Commerce do currency exchange?

Background on The Bank

Who owns Heritage Bank Of Commerce?

How long has Heritage Bank Of Commerce been around?

Can Heritage Bank Of Commerce transfer to other banks?

Does Heritage Bank Of Commerce have quick pay?

Does Heritage Bank Of Commerce accept rolled coins?

Will Heritage Bank Of Commerce accept loose change?

Where is Heritage Bank Of Commerce headquarters?

Customer Reviews for Heritage Bank of Commerce

There are currently no comments for Heritage Bank of Commerce. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →