Heritage Bank, Inc.

Headquarters

456 Commonwealth Avenue
Erlanger, KY 41018
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.85% →
1-Year CD 0.65% 0.80% →
2-Year CD 0.85% 0.80% →
5-Year CD 0.95% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Heritage Bank, Inc. is an FDIC insured institution located in Erlanger, KY. It was founded in 1990 and has approximately $1.3 billion in assets. Customers can open an account at one of its 17 branches.

FDIC Insured Yes
FDIC Certificate # 33119
Date Established 1990
Assets $ 1,303.89 million
Loans $ 783.20 million
Deposits $ 1,166.13 million
Capital $ 101.84 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $100 - Learn More
Money Market
0.05% $1 $9,999 Learn More
Money Market
0.10% $10,000 $24,999 Learn More
Money Market
0.15% $25,000 - Learn More
CD Rates APY MIN MAX
6 Mo CD
0.55% $1,500 - Learn More
12 Mo CD
0.65% $500 - Learn More
18 Mo CD
0.75% $500 - Learn More
24 Mo CD
0.85% $500 - Learn More
30 Mo CD
0.85% $500 - Learn More
36 Mo CD
0.95% $500 - Learn More
48 Mo CD
0.95% $500 - Learn More
60 Mo CD
0.95% $500 - Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $9,999 Learn MoreShow Less
 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Heritage Bank, Inc.

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




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.806% 2.750%
0.75 points
$1,818 fees
$1,021 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
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Note to Heritage Bank, Inc.
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Branches

Heritage Bank, Inc. 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:
San Diego,California


Heritage Bank, Inc. Locations


Financial Details

Heritage Bank, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Heritage Bank, Inc.. 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
Heritage Bank, Inc. U.S. Bank Average
2.41% 5.29%

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 March 31, 2021, Heritage Bank, Inc. had $2,468,000 in non-current loans and $256,000 in owned real estate. To cover these potential losses it had $101,841,000 in equity and $10,968,000 in loans loss reserves. That gives it a Texas Ratio of 2.41%.

Return on Equity
Heritage Bank, Inc. U.S. Bank Average
13.66% 11.43%

Heritage Bank, Inc. has a Return on Equity of 13.66% versus the BestCashCow average of 11.43%. 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
Heritage Bank, Inc. U.S. Bank Average
7.81% 11.51%

Heritage Bank, Inc. has a Capitalization of 7.81% versus the BestCashCow average of 11.51. 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.

Heritage Bank, Inc. Balance Sheet Analysis

As of March 31, 2021, Heritage Bank, Inc. had assets of $1,303,887,000, loans of $783,197,000, and deposits of $1,166,132,000. 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

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 188.57 million
Interest-bearing balances $ 173.43 million
Total securities $ 279.43 million
Federal funds sold and reverse repurchase $ 0.34 million
Net loans and leases $ 783.20 million
Loan loss allowance $ 10.97 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.26 million
Goodwill and other intangibles $ 0.00 million
All other assets $ 34.16 million
     Total Assets $ 1,202.05 million
LIABILITIES
Total deposits $ 1,166.13 million
      Interest-bearing deposits $ 846.53 million
      Deposits held in domestic offices $ 1,166.13 million
      % insured (estimated) 63.56%
Federal funds purchased and repurchase agreements $ 24.10 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 11.81 million
      Total Liabilities $ 1,202.05 million
      Shareholders’ Equity $ 101.84 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 10.93 million
Total Interest Expense $ 0.81 million
Net interest income $ 10.12 million
Provision for loan and lease losses $ 0.28 million
Total non interest income $ 2.43 million
Total non interest expense $ 7.67 million
Pre-tax Net Operating Income $ 4.61 million

Bank Loan Profile?

The top three loan types in Heritage Bank, Inc.’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Kentucky, Heritage Bank, Inc. has a significantly higher percent of Small Business Loans, Commercial Real Estate, Commercial and Industrial Loans 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 15.46
Multifamily
Mortgages
5.28
Credit Card Loans 0.03
Consumer Auto Loans 0.12
Small Business Loans 13.45
Construction and Development Loans 10.47
Commercial Real Estate 45.76
Commercial and Industrial Loans 22.99
Farm Loans 0.30

Frequently Asked Questions About Heritage Bank, Inc.

Branches and Savings

Is Heritage Bank, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #33119.

Why does Heritage Bank, Inc. pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Heritage Bank, Inc. CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Heritage Bank, Inc. a commercial bank?

Yes

Where are Heritage Bank, Inc. locations?

See branch locations nearby.

Is Heritage Bank, Inc. open on Saturdays?

Is Heritage Bank, Inc. open on Sundays?

What time does Heritage Bank, Inc. open?

What time does Heritage Bank, Inc. close?

Are Heritage Bank, Inc. ATMs Open 24/7?

Do Heritage Bank, Inc. ATMs accept cash deposits?

Can Heritage Bank, Inc. customers use other ATMs?

Do Heritage Bank, Inc. branches have notaries?

Will Heritage Bank, Inc. notarize my document?

What address for Heritage Bank, Inc. should I put for incoming ACH transfers?

Will the Heritage Bank, Inc. branch print checks?

Do Heritage Bank, Inc. checks expire?

Does Heritage Bank, Inc. require US citizenship to open account?

Can Heritage Bank, Inc. close my account?

Does Heritage Bank, Inc. Report to credit bureaus?

Does Heritage Bank, Inc. Use Equifax?

What is Heritage Bank, Inc.'s ACH Routing Number?

What is Heritage Bank, Inc.'s SWIFT code?

Products

Does Heritage Bank, Inc. offer mortgages?

Compare mortgage rates here.

Does Heritage Bank, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Heritage Bank, Inc. offer personal loans?

Compare personal loan rates here.

Does Heritage Bank, Inc. offer student loans?

Will Heritage Bank, Inc. cash a check?

Will Heritage Bank, Inc. redeem a savings bond?

Does Heritage Bank, Inc. cash savings bonds?

Will Heritage Bank, Inc. cash money orders?

Can Heritage Bank, Inc. issue a money order?

Does Heritage Bank, Inc. do currency exchange?

Background on The Bank

Who owns Heritage Bank, Inc.?

How long has Heritage Bank, Inc. been around?

Can Heritage Bank, Inc. transfer to other banks?

Does Heritage Bank, Inc. have quick pay?

Does Heritage Bank, Inc. accept rolled coins?

Will Heritage Bank, Inc. accept loose change?

Where is Heritage Bank, Inc. headquarters?

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