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Herring Bank

IDRSSD: 610164
Total Assets
—
Latest filing
Total Deposits
—
Latest filing
Net Interest Margin
—
Profitability

Vital Signs Report — 2024-Q1

Per-quarter snapshot for 2024-Q1: composite Vital Signs Score, all five pillars, and ranked Watch Items.

Synthesis

Vital Signs Score
79
/ 100
StableAs of 2024-Q1QoQ -16

Weighted composite of five pillars (Liquidity, Securities, Capitalization, Asset Quality, Reserves). Missing pillars are dropped from the denominator. See methodology footer.

Quarterly Headline

2024-Q1

Bank #610164 2024-Q1 Vital Signs Score: 79/100 — overall stable. Strongest pillar: Securities (strong). Weakest pillar: Reserves (risk).

Liquidity:Strong
Securities:Strong
Capitalization:Strong
Asset Quality:Stable
Reserves:Risk

Top 3 Watch Items

  1. watch
    90+ days past due elevated
    Asset Quality — 90+ PD 1.75%.
  2. info
    True Loss Coverage Ratio below 50%
    Reserves — True coverage 44.0% (Adjusted NPL + Performing Mods denominator).
  3. info
    ALLL / NPL below 50%
    Reserves — Coverage 48.1% (regulatory soft-warning level 50%).

What changed this quarter

Compared to Q4 2023:
↓ -16 ptscomposite
  • Liquidity
    ↑ +1
  • Securities
    — —
  • Capitalization
    — —
  • Asset Quality
    ↓ -27
  • Reserves
    ↓ -59

The five pillars

Liquidity

StrongQoQ +1
94
Sub-score

Liquidity is strong: brokered 0.0%, loans/deposits 81.9%, cash 13.8% of assets.

Cash / Assets
13.84%
Loans / Deposits
81.86%
Brokered %
0.00%
No watch items at this period.

Securities

Strong
100
Sub-score

Securities profile is strong: securities 3.4% of assets.

MtM Loss / Tier 1
—
SVB watch metric
Securities / Assets
3.36%
No watch items at this period.

Capitalization

Strong
100
Sub-score

Capital position is strong: Tier 1 RBC 16.05%, CET1 16.05%, leverage 12.65%.

Tier 1 RBC
16.05%
CET1
16.05%
Leverage
12.65%
No watch items at this period.

Asset Quality

StableQoQ -27
69
Sub-score

Asset quality is stable: Adjusted NPL 1.89%, Texas Ratio 10.2%, NCO YTD 0.10%.

Adjusted NPL
1.89%
Govt-guarantees stripped
Texas Ratio
10.2%
NCO YTD
0.10%
30-89 PD
0.96%
Band 0.3% / 3.0%
90+ PD
1.75%
Band 0.1% / 2.0%

Watch Items

  • watch90+ days past due elevated — 90+ PD 1.75%.

Reserves

RiskQoQ -59
20
Sub-score

Reserves are weak: ALLL 0.90% of loans, coverage 48.1%, true coverage 44.0%.

ALLL / Loans
0.90%
Coverage
48.1%
True Loss Coverage
44.0%

Watch Items

  • infoALLL / NPL below 50% — Coverage 48.1% (regulatory soft-warning level 50%).
  • infoTrue Loss Coverage Ratio below 50% — True coverage 44.0% (Adjusted NPL + Performing Mods denominator).

Methodology + sources

Vital Signs Score
Composite of five pillar sub-scores, each 0–100. Weights: Liquidity 20%, Securities 15%, Capitalization 25%, Asset Quality 25%, Reserves 15%. See functions/src/vitalSignsScore.ts for the complete formula and band anchors.
Period addressing
Per-quarter URLs accept "YYYY-Q{n}" (canonical), "YYYYqQ" (compact form), or "YYYY-MM-DD" quarter-end dates. All forms canonicalize to the same snapshot.
Source data
FFIEC Call Report Schedules RC, RC-A, RC-B, RC-E, RC-M, RC-N, RC-R, RI, and RI-B Pt I/II via CallReport_Financials + CallReport_FdicData (Visbanking nightly ingest).

Five-pillar framework follows industry-standard bank-health analytical conventions. Composite scoring is Visbanking's own.

Generated: 2026-05-14 02:19:54 UTC