Bank Of Los Altos
Los Altos, CA — Domestic Branch of a Domestic Bank
Acquired Jan 2003
Vitals
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Total Assets269.8M
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Total Deposits239.8M
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Total Net Loans185.9M
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Net Income2.9M
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Book Value25.7M
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Book Value x251.4M
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Book Value x377.2M
Balance Sheet Highlights
| Financial Highlights | Bank Of Los Altos | All Insured Commercial Banks in California |
| Balance Sheet $(000) | ||
| Total Assets | 269,839 | 402,003 |
| Total Net Loans | 185,929 | 311,413 |
| Total Deposits | 239,835 | 329,266 |
| Total Equity | 25,720 | 43,096 |
| Profitability | ||
| Net Income | 2,876 | 25,486 |
| Return on Average Assets | 1.079 | 1.314 |
| Return on Average Equity | 11.883 | 13.25 |
| Net Interest Margin | 4.661 | 4.72 |
| Efficiency Ratio | 65.512 | 70.571 |
| Noninterest Income/Revenue | 11.878 | 17.951 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 77.524 | 79.996 |
| Securities/Assets | .203 | .565 |
| Total Equity/Total Assets | .095 | .107 |
| Tangible Equity/Tangible Assets | .095 | -.501 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 25,270 | 36,586 |
| Tier 2 Capital | 2,989 | 4,997 |
| Total Capital | 28,259 | 40,603 |
| Total Risk Weighted Assets | 238,896 | 297,947 |
| Leverage Ratio | 9.42 | 9.93 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 10.58 | 13.579 |
| Total Capital Ratio | 11.83 | 14.805 |
Timeline for Bank Of Los Altos
Heritage Bank Of Commerce
Bank Of Los Altos was acquired by Heritage Bank Of Commerce 21 years
View Profile Jan 01 2003
Heritage Commerce Corp
Heritage Commerce Corp became a new parent organization for Bank Of Los Altos.
View Profile Oct 01 2000
Western Holdings Bancorp
Western Holdings Bancorp became a new parent organization for Bank Of Los Altos.
View Profile Dec 08 1997
American National Corporation (In Bankruptcy)
American National Corporation (In Bankruptcy) became a new parent organization for Bank Of Los Altos.
View Profile Dec 10 1986
Foothill Ventures Company
Foothill Ventures Company became a new subsidiary organization for Bank Of Los Altos.
View Profile Dec 10 1986
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Heritage Bank Of Commerce | Buyer | 2,527,418 | Pooling of Interests | Discontinued | 1/1/2003 |
| Relationships | Role | Relationship Start | Relationship End |
| Heritage Commerce Corp | Parent | 10/1/2000 | 12/31/2002 |
| Western Holdings Bancorp | Parent | 12/8/1997 | 9/30/2000 |
| American National Corporation (In Bankruptcy) | Parent | 12/10/1986 | 2/6/1995 |
| Foothill Ventures Company | Subsidary | 12/10/1986 | 11/2/1995 |
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