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Profile - Heritage Commerce Corp. (NasdaqNM:HTBK)
As of 31-Aug-2001
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Location
150 Almaden Boulevard
San Jose, CA 95113
Phone: (408) 947-6900
Email: heritage@herbank.com
Employees (last reported count): 216
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
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Ownership
·Insider and 5%+ Owners: 16%
·Over the last 6 months:
 · 4 insider buys; 12.0K shares (0.7% of insider shares)
 · 2 insider sells; 41.0K shares
  (2.2% of insider shares)
·Institutional: 2% (2% of float)
(10 institutions)
·Net Inst. Buying: 61.0K shares (+24.11%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Heritage Commerce Corp. is the holding company of Heritage Bank of Commerce, Heritage Bank East Bay, Heritage Bank South Valley and Bank of Los Altos. The Company offers a range of loans, primarily commercial, including real estate, construction, Small Business Administration), inventory and accounts receivable, and equipment loans. The Company also accepts checking, savings, and time deposits; NOW and money market deposit accounts; and provides travelers' checks, safe deposit, and other customary non-deposit banking services. The Company issues VISA and MasterCard credit cards through the Independent Bankers Association. The Company does not have a trust department.
More from Market Guide: Expanded Business Description

Financial Summary
Heritage Commerce Corp. is a bank holding company for Heritage Bank, a state chartered bank with three offices serving Santa Clara and Alameda Counties in California. For the six months ended 6/30/01, total interest income rose 16% to $35 million. Net interest income after loan loss provision rose 13% to $20.6 million. Net income rose 35% to $4.1 million. Results reflect increased earning asset balances and increased gains on the sale of loans and securities.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Brad Smith, 51
Chairman and CEO of the Company; Pres and CEO of the Bank
$248K
Richard Conniff, 54
Pres, COO, Director
219K
Lawrence McGovern, 46
CFO, Exec. VP
186K
Kenneth Corsello, 50
CCO and Exec. VP
156K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:HTBKAs of 31-Aug-2001
Price and Volume
52-Week Low
on 22-Mar-2001
$7.75 
Recent Price$8.25 
52-Week High
on 13-Sep-2000
$10.50 
Beta-0.17 
Daily Volume (3-month avg)5,682 
Daily Volume (10-day avg)16.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change-19.5%
52-Week Change
relative to S&P500
+8.0%
Share-Related Items
Market Capitalization$91.6M
Shares Outstanding11.1M
Float9.30M
Dividends & Splits
Annual Dividendnone 
Last Split: 11 for 10 on 3-Feb-2000
Per-Share Data
Book Value (mrq)$6.39 
Earnings (ttm)$0.57 
Earnings (mrq)$0.17 
Sales (ttm)$4.45 
Cash (mrq)$3.12 
Valuation Ratios
Price/Book (mrq)1.29 
Price/Earnings (ttm)14.37 
Price/Sales (ttm)1.85 
Income Statements
Sales (ttm)$72.7M
EBITDAN/A 
Income available to common (ttm)$6.49M
Profitability
Profit Margin (ttm)8.9%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)0.86%
Return on Equity (ttm)10.74%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0 
Total Cash (mrq)$34.6M
Short Interest
As of 8-June-2001
Shares Short0 
Shares Short
(Prior Month)
0 
Daily Volume3,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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