Heartland Bank

logo for Heartland Bank
Headquarters

430 N Hamilton Rd
Whitehall, OH 43213
See all branch locations →

ACH 044109336

Phone (800) 697-0049

Notable Rates APY Vs.Others
Savings 0.05% 5.55% →
1-Year CD 0.55% 5.60% →
2-Year CD 1.00% 4.90% →
5-Year CD 1.30% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →
Heartland Bank
Public Note: Heartland Bank is a community bank serving clients in Central OH and the Greater Cincinnati region. Offering personal checking and savings accounts, business banking accounts, mortgage and loan services, lending solutions, and financial planning through Heartland Planning Associates, Heartland Bank strives to meet the needs of individual, commercial, and small business clients. With competitive rates and access to 40,000+ surcharge-free ATMs and mobile banking, Heartland’s clients enjoy financial flexibility with exceptional customer service to complement the 20 full-service branch locations.

September 21, 2023

2024 Overview

General Bank Information

Heartland Bank is an FDIC insured institution located in Whitehall, OH. It was founded in 1911 and has approximately $1.88 billion in assets. Customers can open an account at one of its 23 branches.

FDIC Insured Yes
FDIC Certificate # 9443
Date Established 1911
Assets $ 1,880.65 million
Loans $ 1,531.77 million
Deposits $ 1,656.77 million
Capital $ 175.65 million
 

For a more detailed analysis of Heartland Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 25, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.03% $2,500 $2,999 Learn More
Money Market
0.08% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.13% $10,000 $14,999 Learn More
6 Mo CD
0.13% $100,000 $199,999 Learn More
12 Mo CD
0.55% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
18 Mo CD
0.75% $10,000 $14,999 Learn More
18 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
1.00% $10,000 $14,999 Learn More
24 Mo CD
1.00% $100,000 $199,999 Learn More
30 Mo CD
1.00% $10,000 $14,999 Learn More
30 Mo CD
1.00% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
1.10% $10,000 $14,999 Learn More
48 Mo CD
1.10% $100,000 $199,999 Learn More
60 Mo CD
1.30% $10,000 $14,999 Learn More
60 Mo CD
1.30% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less

Loan Rates - April 25, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Heartland Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
6.944% 6.750%
1.00 points
$6,400 fees
$2,076 Learn More
Rocket Mortgage
NMLS ID: 3030
7.476% 7.375%
1.00 points
$3,200 fees
$2,211 Learn More
Neighbors Bank
NMLS ID: 491986

points
fees
Learn More
MortgageResearch.com
NMLS ID: Not a Lender

points
fees
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Heartland Bank
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Branches

Heartland Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


Heartland Bank Locations



Climate Policy and Initiatives

Heartland Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Heartland Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Heartland Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Heartland Bank U.S. Bank Average
1.08% 3.96%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2024, Heartland Bank had $2,091,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $175,653,000 in equity and $17,928,000 in loans loss reserves. That gives it a Texas Ratio of 1.08%.

Return on Equity
Heartland Bank U.S. Bank Average
12.67% 12.20%

Heartland Bank has a Return on Equity of 12.67% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Heartland Bank U.S. Bank Average
9.34% 10.76%

Heartland Bank has a Capitalization of 9.34% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Heartland Bank Balance Sheet Analysis

As of December 31, 2023, Heartland Bank had assets of $1,880,652,000, loans of $1,531,767,000, and deposits of $1,656,769,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2024
ASSETS
Cash & Balances due from depository institutions $ 36.42 million
Interest-bearing balances $ 19.92 million
Total securities $ 211.12 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,531.77 million
Loan loss allowance $ 17.93 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 14.91 million
All other assets $ 42.14 million
     Total Assets $ 1,705.00 million
LIABILITIES
Total deposits $ 1,656.77 million
      Interest-bearing deposits $ 1,164.34 million
      Deposits held in domestic offices $ 1,656.77 million
      % insured (estimated) 63.36%
Federal funds purchased and repurchase agreements $ 4.58 million
Trading liabilities N.A.
Other borrowed funds $ 7.00 million
Subordinated debt N.A.
All other liabilities $ 8.75 million
      Total Liabilities $ 1,705.00 million
      Shareholders’ Equity $ 175.65 million

Summary Income Statement

December 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 92.22 million
Total Interest Expense $ 30.08 million
Net interest income $ 62.14 million
Provision for loan and lease losses $ 2.60 million
Total non interest income $ 10.96 million
Total non interest expense $ 45.00 million
Pre-tax Net Operating Income $ 10.72 million

Bank Loan Profile?

The top three loan types in Heartland Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Ohio, Heartland Bank has a significantly higher percent of Construction and Development Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 24.67
Multifamily
Mortgages
2.06
Credit Card Loans 0.29
Consumer Auto Loans 0.14
Small Business Loans 8.73
Construction and Development Loans 6.86
Commercial Real Estate 32.22
Commercial and Industrial Loans 7.30
Farm Loans 1.44

Heartland Bank's History

Heartland Bank, rooted in Croton, Ohio, began as Croton Bank, serving local farmers. Tiney M. McComb transformed it into Heartland Bank in 1988 and led as President for nearly 20 years. His son, Gregory Scott McComb, took over as CEO in 2009 and later became Chairman. Heartland Bank expanded with branches in Pickerington (2015), Hilliard (2016), Clintonville (2017), Whitehall (2018), Upper Arlington (2019), and Delaware (2023). They also built a 60,000-square-foot Corporate Center in Whitehall in 2018. In April 2020, Heartland Bank acquired Victory Community Bank, expanding into Northern Kentucky and Greater Cincinnati, with its first Cincinnati branch opening in Kenwood in December 2022.

Customer Reviews for Heartland Bank


  • April 23, 2021

    CDs 12 Month Rates

    Billmaryd33@aol.com


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*Should any logos, images or public notes appear on this page,they do so courtesy of Heartland Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.