Heritage Bank, Inc.

456 Commonwealth Avenue
Erlanger, KY 41018


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 33119
Date Established 1990
Assets $0.87 billion
Loans $0.62 billion
Deposits $0.76 billion
Capital $0.08 billion

Heritage Bank, Inc. is an FDIC insured institution located in Erlanger, KY. It was founded in 1990 and has approximately $0.87 billion in assets. Customers can open an account at one of its 17 branches.

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 - August 21, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1 $9,999 Learn MoreShow Less
Money Market
0.20% $10,000 $24,999 Learn MoreShow Less
Money Market
0.25% $25,000 - Learn MoreShow Less
3 Mo CD
0.30% $1,500 - Learn MoreShow Less
Special: 3 Mo CD
2.15% $2,000 - Learn MoreShow Less
6 Mo CD
0.55% $1,500 - Learn MoreShow Less
12 Mo CD
1.10% $500 - Learn MoreShow Less
Special: 12 Mo CD
2.00% $2,000 - Learn MoreShow Less
18 Mo CD
1.25% $500 - Learn MoreShow Less
24 Mo CD
1.50% $500 - Learn MoreShow Less
30 Mo CD
1.50% $500 - Learn MoreShow Less
36 Mo CD
1.75% $500 - Learn MoreShow Less
48 Mo CD
2.00% $500 - Learn MoreShow Less
60 Mo CD
2.26% $500 - Learn MoreShow Less

Fixed IRA
1.10% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $9,999 Learn MoreShow Less

Loan Rates - August 21, 2019

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
First Internet Bank
NMLS ID: 424182
3.656% 3.625% 0.38 $962 $1,141 Learn More
NMLS ID: 400039
3.750% 3.750% 0.00 $0 $1,158 Learn More
Rocket Mortgage
NMLS ID: 3030
4.625% 4.625% 0.00 $0 $1,286 Learn More
NMLS ID: 2890
License#: 13256
3.527% 3.500% 0.38 $852 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Heritage Bank, Inc.
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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.

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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
4.71% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Heritage Bank, Inc. had $2,718,000 in non-current loans and $1,378,000 in owned real estate. To cover these potential losses it had $79,372,000 in equity and $7,535,000 in loans loss reserves. That gives it a Texas Ratio of 4.71%.

Return on Equity
Heritage Bank, Inc. U.S. Bank Average
11.05% 9.47%

Heritage Bank, Inc. has a Return on Equity of 11.05% versus the BestCashCow average of 9.47%. 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.

Heritage Bank, Inc. U.S. Bank Average
9.14% 12.49%

Heritage Bank, Inc. has a Capitalization of 9.14% versus the BestCashCow average of 12.49. 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, 2019, Heritage Bank, Inc. had assets of $868,146,000, loans of $620,253,000, and deposits of $759,897,000. 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, 2019
Cash & Balances due from depository institutions $0.06 billion
Interest-bearing balances $0.05 billion
Total securities $0.13 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.62 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.03 billion
     Total Assets $0.79 billion
Total deposits $0.76 billion
      Interest-bearing deposits $0.57 billion
      Deposits held in domestic offices $0.76 billion
      % insured (estimated) 67.30%
Federal funds purchased and repurchase agreements $0.02 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.79 billion
      Shareholders’ Equity $0.08 billion

Summary Income Statement

March 31, 2019
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in Kentucky, Heritage Bank, Inc. has a significantly higher percent of Multifamily Mortgages, Small Business 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.10
Credit Card Loans 0.05
Consumer Auto Loans 0.17
Small Business Loans 14.67
Construction and Development Loans 10.59
Commercial Real Estate 46.64
Commercial and Industrial Loans 12.65
Farm Loans 0.53

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?


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?


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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