110 W South St
Spicer, MN 56288
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Phone 800-344-7048
Heritage Bank National Association is an FDIC insured institution located in Spicer, MN. It was founded in 1964 and has approximately $0.54 billion in assets. Customers can open an account at one of its 7 branches.
FDIC Insured | Yes |
FDIC Certificate | # 19254 |
Date Established | 1964 |
Assets | $ 535.32 million |
Loans | $ 435.22 million |
Deposits | $ 427.90 million |
Capital | $ 39.26 million |
For a more detailed analysis of Heritage Bank National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Your Current Location: Washington, WA 98109
Savings and Money Market Rates | APY | MIN | MAX | |
---|---|---|---|---|
SAV
|
0.14% | $1,000 | - |
Learn More
|
JUMBO SAVINGS ACCOUNT
|
4.25% | $230,000 | - |
Learn More
|
CD Rates | APY | MIN | MAX | |
---|---|---|---|---|
6 Mo CD
|
5.06% | $2,000 | - |
Learn More
|
Int Checking Rates | APY | MIN | MAX | |
---|---|---|---|---|
eCcentive Account
|
2.02% | $0 | $100,000 | Learn More |
Checking Rates | APY | MIN | FEE | |
---|---|---|---|---|
eCentive Checking Account | 2.02% | $0 | $0.00 | Learn More |
Your Current Location: Washington, WA 98109
There are currently no loan rates available for Heritage Bank National Association
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Lender | APR | Rate (%) | Monthly Payment |
Learn More |
---|---|---|---|---|
NMLS ID: 118653 License#: CL-118653 |
6.340% |
6.250% 1.00 points $3,034 fees |
$1,971 | Learn More |
NMLS ID: 1025894 |
6.580% |
6.490% 0.75 points $3,020 fees |
$2,021 | Learn More |
NMLS ID: 401822 |
6.782% |
6.625% 1.00 points $5,195 fees |
$2,049 | Learn More |
NMLS ID: 3030 |
7.089% |
6.990% 1.00 points $3,200 fees |
$2,127 | Learn More |
Lender | APR (%)? | Monthly Payment? | Learn More |
---|---|---|---|
Rate See Table |
Intro APR
9.600 %
After Intro: 9.600 % |
$25,000 |
Learn More
More Info |
Note to Heritage Bank National Association
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Heritage Bank National Association 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:
Seattle,Washington
Branch | Distance | Map | View Lobby Hours |
---|---|---|---|
1386.78 | A | View Lobby Hours | |
1419.87 | B | View Lobby Hours | |
1423.95 | C | View Lobby Hours | |
1447.71 | D | View Lobby Hours | |
1450.15 | E | View Lobby Hours | |
1457.34 | F | View Lobby Hours | |
1462.06 | G | View Lobby Hours |
Heritage Bank National Association is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
or use your BestCashCow account
The following ratios and data are available to help you better understand the financial condition of Heritage Bank National Association. 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.
Heritage Bank National Association | U.S. Bank Average |
---|---|
12.11% | 4.48% |
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 June 30, 2024, Heritage Bank National Association had $5,576,000 in non-current loans and $61,000 in owned real estate. To cover these potential losses it had $39,261,000 in equity and $7,304,000 in loans loss reserves. That gives it a Texas Ratio of 12.11%.
Heritage Bank National Association | U.S. Bank Average |
---|---|
5.3% | 10.46% |
Heritage Bank National Association has a Return on Equity of 5.3% versus the BestCashCow average of 10.46%. 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 National Association | U.S. Bank Average |
---|---|
7.33% | 10.84% |
Heritage Bank National Association has a Capitalization of 7.33% versus the BestCashCow average of 10.84. 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.
As of June 30, 2024, Heritage Bank National Association had assets of $535,317,000, loans of $435,217,000, and deposits of $427,901,000. 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.
ASSETS | |
---|---|
Cash & Balances due from depository institutions | $ 45.19 million |
Interest-bearing balances | $ 38.00 million |
Total securities | $ 32.95 million |
Federal funds sold and reverse repurchase | N.A. |
Net loans and leases | $ 435.22 million |
Loan loss allowance | $ 7.30 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | $ 0.06 million |
Goodwill and other intangibles | $ 3.44 million |
All other assets | $ 11.33 million |
Total Assets | $ 496.06 million |
LIABILITIES | |
---|---|
Total deposits | $ 427.90 million |
Interest-bearing deposits | $ 356.63 million |
Deposits held in domestic offices | $ 427.90 million |
% insured (estimated) | 72.50% |
Federal funds purchased and repurchase agreements | N.A. |
Trading liabilities | N.A. |
Other borrowed funds | $ 38.67 million |
Subordinated debt | N.A. |
All other liabilities | $ 4.79 million |
Total Liabilities | $ 496.06 million |
Shareholders’ Equity | $ 39.26 million |
INCOME AND EXPENSES | |
---|---|
Total Interest Income | $ 16.90 million |
Total Interest Expense | $ 8.19 million |
Net interest income | $ 8.72 million |
Provision for loan and lease losses | $ 0.93 million |
Total non interest income | $ 1.27 million |
Total non interest expense | $ 8.01 million |
Pre-tax Net Operating Income | $ 3.21 million |
The top three loan types in Heritage Bank National Association’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Commercial Real Estate.
Compared to other banks in Minnesota, Heritage Bank National Association has a significantly higher percent of Multifamily Mortgages 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 | 16.67 | ✓ | ||
Multifamily Mortgages |
10.70 | ✓ | ||
Credit Card Loans | 0.03 | ✓ | ||
Consumer Auto Loans | 0.01 | ✓ | ||
Small Business Loans | 5.02 | ✓ | ||
Construction and Development Loans | 1.21 | ✓ | ||
Commercial Real Estate | 13.99 | ✓ | ||
Commercial and Industrial Loans | 17.07 | ✓ | ||
Farm Loans | 5.01 | ✓ |
*Should any logos, images or public notes appear on this page,they do so courtesy of Heritage Bank National Association and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.
Customer Reviews for Heritage Bank National Association (8)
WPT
November 2, 2020 |
Got the account opened after weeks and finally got it funded and then they dropped the rate the next day and it is no longer competitive.
Is this review helpful? Yes:0 / No: 0
Lawrence Calder
October 18, 2020 | | Replies 1
the bank is a Minneapolis one, not national offer may present as national but it isn't also need $230,000 and that is over fdic limit
Is this review helpful? Yes:0 / No: 0
Matt | Feb 28, 2021
The info in this comment is misleading. Bank is located in Willmar MN (not Minneapolis), but account may be opened online regardless of where you live. FDIC insures $250K, and eCentive account pays premium interest rate up to $25K.
Peg
April 16, 2020
Heritage eCentive account is now 1.53% APY up to $25,000.00.
above max. 0.53% APY. 5 star rating with the exception of this new rate change and that is a neg. star. Insert crying emojj.
Is this review helpful? Yes:1 / No: 0
Evalay
February 9, 2020 |
money
Is this review helpful? Yes:0 / No: 0
Ric S
February 5, 2020 |
This is listed as a local bank to the St Louis area, but it is not. They also refused to open a new account.
Is this review helpful? Yes:0 / No: 1
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