Heritage Bank of Commerce (merged into Citizens Business Bank)

What sets Heritage Bank of Commerce apart

How large is Heritage Bank of Commerce?

The balance sheet of Heritage Bank of Commerce at Q1 2026: assets $5.7 bn, deposits $4.8 bn, net loans $3.6 bn (loans equal to 73.69% of deposits). Securities make up 19.0% of total assets at Heritage Bank of Commerce. Since Q1 2016, when Heritage Bank of Commerce held $2.3 bn, its assets grew 143.7%. In the year to Q1 2026, deposits at Heritage Bank of Commerce rose 2.5% while its total assets rose 2.9%. At Q1 2026, Heritage Bank of Commerce employed 333 full-time equivalent staff across 17 offices, about $17.0 mn of assets per employee and $283.6 mn of deposits per office.

How much funding at Heritage Bank of Commerce is uninsured?

At Heritage Bank of Commerce, uninsured deposits (above the FDIC limit) made up 46.37% of domestic deposits at Q1 2026 (+1.24 pp on a year earlier). In dollars, Heritage Bank of Commerce estimated $2.2 bn of uninsured deposits.

Key facts, Q1 2026

US rank of Heritage Bank of Commerce: 1 = highest unless marked 1 = lowest.

The CET1 ratio of Heritage Bank of Commerce stood at 13.29% in Q1 2026, -0.84 pp year on year. Low and high at Heritage Bank of Commerce since Q1 2016: 11.06% (Q2 2016) to 14.66% (Q1 2021). Equity capital of Heritage Bank of Commerce at Q1 2026: $713.9 mn, or 12.6% of total assets. Heritage Bank of Commerce also reported a total capital ratio of 14.49% for Q1 2026, and a tier 1 leverage ratio of 9.89%.

On held-to-maturity securities, Heritage Bank of Commerce carried an unrealized loss of $64.0 mn at Q1 2026, equal to 9.0% of equity capital. The loss narrowed by $16.5 mn over the year. Its deepest point: $122.7 mn in Q3 2023. The available-for-sale portfolio of Heritage Bank of Commerce showed an unrealized loss of $2.2 mn at Q1 2026; the loss narrowed by $911,000 over the year.

For the year to Q1 2026, Heritage Bank of Commerce earned a return on equity of -0.97%; return on assets: -0.12%. Net interest margin at Heritage Bank of Commerce: 3.91%, +0.46 pp in a year. Heritage Bank of Commerce net income: -$1.8 mn, down 113.7% year on year. The efficiency ratio of Heritage Bank of Commerce was 105.60%: about 106 cents cost per revenue dollar, against 52 cents at the median peer.

At Q1 2026, noncurrent loans were 0.10% of total loans at Heritage Bank of Commerce; net charge-offs: 0.07% of average loans. Gross loans and leases at Heritage Bank of Commerce: $3.6 bn at Q1 2026, against $3.5 bn at Q1 2025.

The peer group of Heritage Bank of Commerce is the 6 banks nearest to it by total assets at Q1 2026: 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Heritage Bank of Commerce (state member bank) and 0 have head offices in California. Against them, Heritage Bank of Commerce shows CET1 ratio 13.29% against a peer median of 12.56%, return on equity -0.97% against a peer median of 13.18% and uninsured deposit share 46.37% against a peer median of 36.69%.

The FDIC history of Heritage Bank of Commerce, oldest first; figures before and after each event are not like for like.

1. 7 April 2018. Absorbed Tri-Valley Bank (FDIC certificate 58004).
2. 5 May 2018. Absorbed United American Bank (FDIC certificate 57447).
3. 11 October 2019. Absorbed Presidio Bank (FDIC certificate 58325).
4. 17 April 2026. Merged into Citizens Business Bank, National Association (FDIC certificate 21716).

Large one-quarter moves at Heritage Bank of Commerce

• Total assets at Heritage Bank of Commerce changed by +29.1% in the quarter to 2019-12-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Presidio Bank.