# HERITAGE BANK OF COMMERCE
SAN JOSE, CA · FDIC certificate 33905 · asset band $1-10B · latest filing 2026-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $5.67B | |
| Deposits | $4.82B | |
| Loans and leases | $3.60B | |
| Total equity | $713.9M | |
| Loans / deposits | 73.69% (p23 of band) | 86.15% |
| Liquid assets / assets | 30.49% (p76 of band) | |
| Uninsured deposits / deposits | 46.37% (p86 of band) | 30.71% |
| Brokered deposits | 0.33% | |
| Wholesale funding | 0.33% (p17 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.89% (p35 of band) | 10.45% |
| Unrealized securities loss / equity | -9.27% (p44 of band) | -8.13% |
| AOCI / equity | -0.28% (p56 of band) | |
| ROA (annualized) | -0.12% (p2 of band) | 1.22% |
| Net interest margin | 3.91% (p67 of band) | 3.64% |
| Efficiency ratio | 105.60% (p99 of band) | |
| Noncurrent loans | 0.10% (p13 of band) | 0.54% |
| Net charge-offs (annualized) | 0.05% (p66 of band) | |
| Reserve coverage of noncurrent | 1332.32% | |
| Real estate % of loans | 86% | |
| Construction % of loans | 16.38% (p14 of band) | |
| Auto loans | $66,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $5.7M (1% of equity) (p76 of band) | |
| Deposits YoY | 2.5% | |
| Employees | 333 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 0 |  | reserve under noncurrent |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | capital falling |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 0 |  | capital falling |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 3 | capital falling, deposits shrinking, assets shrinking |  |
| 2014-03 | 0 |  | capital falling, deposits shrinking, assets shrinking |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 1 | capital falling |  |
| 2015-03 | 0 |  | capital falling |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 2 | uninsured deposits >50%, capital falling |  |
| 2016-03 | 1 |  | capital falling |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | capital falling |  |
| 2017-03 | 1 |  | capital falling |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | capital falling |  |
| 2018-03 | 1 |  | capital falling |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 2 | capital falling |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | capital falling |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 3 | deposits shrinking, assets shrinking |  |
| 2023-03 | 2 |  | assets shrinking |
| 2023-06 | 1 | uninsured deposits leaving | uninsured deposits >50%, deposits shrinking |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 2 | assets shrinking |  |
| 2024-06 | 0 |  | uninsured deposits leaving, assets shrinking |
| 2024-09 | 1 | capital falling |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 0 |  | capital falling |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 1 | capital falling |  |
| 2026-03 | 3 | losing money, expense ratio p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-04-28 [Citizens Business Bank acquires Heritage Bank of Commerce - Morgan Hill Times](https://news.google.com/rss/articles/CBMifEFVX3lxTE9jUDcxLTRkX1pZSG5wdjhDY3RMYm9KNE03MkU2RW5jNXYwdEdKdmY0TThlb2JOZVRmZFdKQmdPUGYyMG8wajdVdmtnV1RrS0ZjbDZLNll3U2pWUHBvSzcxc2RjLUNMS29oeUo2QjhKWGFOUkxPRFVUX1ZISmg?oc=5) · Morgan Hill Times
- 2026-04-28 [Citizens Business Bank, Heritage Commerce complete merger - thebusinessjournal.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxONHY1amNMRGZ5MTgyYnJyODA5UldueG05YXR2UktKdEx2Z3BzQVBMUzlQeXBaWm5rX0c4Z0tKNHRhU3ZKS1ltY3BnQlRvWVlRYWVIZ3lDZHQ1cEszNzVvTGN2Y25kaGpkMnpuOHV6dzlYZk1pMUoyV3o4TWlwN1pQVFNOaU95X2hwZ1VWeGJQRFd3cFljSzNsUkpKWQ?oc=5) · thebusinessjournal.com
- 2026-01-27 [Heritage Bank of Commerce set to merge in Q2 with Citizens Business Bank - Los Altos Town Crier](https://news.google.com/rss/articles/CBMi7wFBVV95cUxQVXZ5NmppZDBkWUV3OVZ1aFlOb0FkcWtDdk5oOFdZUEl0SFBiT0NmVUxoTGJ1VkJCdzdYUFFCRV82Z1NMS0RTUEU4WG5PWHY2aXlLYUpFQVVVMXhBTHhrQWVxV1g5TnJnLWphWklaalpSaE4wTEs2YURpR0liRXQ2d3oxdTE5Y0R4OHFOQ2VjV19rRWNGQ3NYSTdxUlk1WU85TTJMVlJ4WHRnbFY5MGoxcHZJVmE2WkRSdTNrZ0ZRd21GbzcyQlE1MFEyeTNFN3l2eElQTHQxeWFTRXpZYmpBX2lpemJEU1FkcWNORGZ6dw?oc=5) · Los Altos Town Crier
- 2025-12-19 [SoCal commercial bank stretches into San Jose with $811M deal - Banking Dive](https://news.google.com/rss/articles/CBMingFBVV95cUxNUDFaUk9VZkx6ODdleENXaDdJNWZDMi1xRlpMQWtDSlZNVnltZHI1YUI2cmRUVk1PeWF4SV9saU9OejRocm0xZXhPdFpET0gwYnp2bHJOZDRUdWNJeDZuWlZUbm5ub3FvNnltVXgyd29yRFpSdG9KaUxsZWE4VG9Db054OVc0eWY2N3UtYWNqYW92bHBKaHJnTWNBT2ZQUQ?oc=5) · Banking Dive
- 2026-03-20 [Heritage Bank chops more than 100 Bay Area jobs in wake of merger - The Mercury News](https://news.google.com/rss/articles/CBMiowFBVV95cUxQSDFjbWRPRkYyUmFFNzd3NXhhaW1rLVlfenJpZWp2am9KTlU3ZXJfN1hvMFNyXzZ0bWNtdzJmXzFqOGRzLVk5QTFXTE1saEVCY1ZEdnY0MkVDZ2V0cE9WREZZVmZRWlFyb3o5SXNyMW5yUkY5QjgtRTVIS19WS3dUSFJ5S0VyYVBGVWxydmZWUXhnaGxucWR5M2pfcG1vLV85UjNr0gGoAUFVX3lxTFBZdGp4VTZCWnd5MFBCWEhqMVpZQ2tyeXNOY3pCQzJJaFFfd3dDVWtkOGVxanNkTDNocmxlNHRJMVRhZnRJZzg4U1AtVUJHQm5CeUZhZmt6QzlDUjFXZjlJZms1cE5nSUFLX0l5cUd5aGd1ZEVLbVZUaThMSTFYajJtVzNIWEVYMGlKVDlxUWU1S1RPQ1FtR3BXTElwWVV6bTZ3NExxX0VkSA?oc=5) · The Mercury News
- 2026-01-20 [This Southern California bank CEO is buying into the Bay Area with Heritage Bank of Commerce deal - The Business Journals](https://news.google.com/rss/articles/CBMisAFBVV95cUxPQmlTNVY0T1JqUGx2cE9yZVhuZ1c3NDdWTi1ZTnA2dUlQRC1wQy14LTA5b24xSVNNRE15X0w3Ti1hTktCS3R1SVlKRTZoZEVfZjk0WjF0WVdBTVh1czBYWW44YmgtTkluUFF0VVZWVlNzT1JQSVU1RV8wMk9QMzUwbkpqTkRjd1lhTjF2ZWVGRGRnZ3pkaW1tWGEyMXVMQVRDSmF1SnQxajZxUV9VeUFiQQ?oc=5) · The Business Journals
- 2026-05-18 [CBB Folds in Bay-Area Lender - Los Angeles Business Journal](https://news.google.com/rss/articles/CBMidkFVX3lxTE44aGdqU01EQVNXRUZvVkRDdmpyamNtQ3B5d2hsZFF6TE1FV3QtV1VMZWFnd0J0LWI4d01IeUVDeUg2d1F1NENJVlk1ZFhtMkxhb0dKZnBhUnY0cjRjSXJTTzAyeGd1aGVBSUlmajhkX1NGUlkyc1E?oc=5) · Los Angeles Business Journal
- 2025-12-19 [CVB Financial acquires Heritage Commerce in $811m merger - FinTech Futures](https://news.google.com/rss/articles/CBMilAFBVV95cUxQY1V2VVpSdWpMdzRhNkNGVzNnLVRZdHJJV2d4WXZvZkllbW04dnRsUVJLbXNMN1hnbEZBVjNORHhuem9PdHJrYnZPT0dpR29IcW1vME9pbVk5MjhrS2R2dUQwbXV0clNhSmFpS2VvUHR6WVBlS3gwakFMeUc4eDRycDUxaTlHZTN2OVhGYzVSb01sWmdh?oc=5) · FinTech Futures

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=33905 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/49.json (key "33905", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide