Vitals
  • Total Assets
    419.1M 0.8 %
  • Total Deposits
    366.5M 1.0 %
  • Total Net Loans
    314.3M 11.6 %
  • Net Income
    9.8M 192.4 %
  • Book Value
    44.6M -12.3 %
  • Book Value x2
    89.1M -12.3 %
  • Book Value x3
    133.7M -12.3 %
ROAA

2.383

ROAE

19.511

Efficiency Ratio

84.55

Net Interest Margin

4.46

Balance Sheet Highlights
Financial Highlights Herring Bank All Insured Commercial Banks in Texas
Balance Sheet $(000)
Total Assets 419,146 358,087
Total Net Loans 314,320 213,533
Total Deposits 366,488 308,027
Total Equity 44,554 38,740
Profitability
Net Income 9,798 3,845
Return on Average Assets 2.383 1.025
Return on Average Equity 19.511 9.415
Net Interest Margin 4.46 3.773
Efficiency Ratio 84.55 66.762
Noninterest Income/Revenue 28.787 16.375
Balance Sheet Ratios
Loan-to-Deposit 85.765 65.494
Securities/Assets .105 .214
Total Equity/Total Assets .106 .108
Tangible Equity/Tangible Assets .106 .104
Capital Adequacy
Tier 1 Common Capital 47,876 37,278
Tier 1 Capital 47,876 37,303
Tier 2 Capital 3,551 2,526
Total Capital 51,427 39,866
Total Risk Weighted Assets 330,488 237,367
Leverage Ratio 11.72 10.563
Common Equity Tier 1 Capital Ratio 14.49 18.073
Tier 1 Capital Ratio 14.49 18.097
Total Capital Ratio 15.56 19.169

Timeline for Herring Bank

First State Bank Of Altus

Acquisition: Herring Bank acquired a new subsidiary, First State Bank Of Altus, 14 years

View Profile Aug 01 2009

Herring National Company Seymour

Herring National Company Seymour became a new subsidiary organization for Herring Bank.

View Profile May 21 2009

Herring National Company Azle

Herring National Company Azle became a new subsidiary organization for Herring Bank.

View Profile May 21 2009

Herring National Company Wichita Falls

Herring National Company Wichita Falls became a new subsidiary organization for Herring Bank.

View Profile May 21 2009

Herring National Company Ii

Herring National Company Ii became a new subsidiary organization for Herring Bank.

View Profile May 21 2009

Want to see more?

Complete timeline for Herring Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
First State Bank Of Altus Seller 90,867 Failure 8/1/2009
Colorado National Bank Seller 123,508 Failure 3/21/2009
Bfnb Trust Company, National Association Seller Acquisition Discontinued 1/1/1998
First Bank & Trust Of Clarendon Seller 31,895 Pooling of Interests Discontinued 10/1/1997
Relationships Role Relationship Start Relationship End
Herring Bancorp, Inc. Parent 1/1/2008
Herring Bancshares, Inc. Parent 2/25/1994 12/31/2007
Herring Bancorp, Inc. Parent 6/4/1984 2/24/1994
Herring National Company Subsidary 6/30/2007
Livestock Enterprises, Llc Subsidary 12/1/2006
Herring National Company Seymour Subsidary 5/21/2009
Herring National Company Azle Subsidary 5/21/2009
Herring National Company Wichita Falls Subsidary 5/21/2009
Herring National Company Ii Subsidary 5/21/2009 8/4/2016
Herring Financial Services Inc Subsidary 10/6/1998 8/31/2007
Herring National Company Subsidary 12/31/1984 6/29/2007
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