Heritage Bank, National Association

Headquarters

101 North Main Street
Holstein, IA 51025
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Heritage Bank, National Association is an FDIC insured institution located in Holstein, IA. It was founded in 1984 and has approximately $0.14 billion in assets.

FDIC Insured Yes
FDIC Certificate # 25243
Date Established 1984
Assets $ 136.84 million
Loans $ 96.07 million
Deposits $ 113.97 million
Capital $ 13.93 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.

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

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:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
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Note to Heritage Bank, National Association
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Branches

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:
Fairfield,Connecticut


Heritage Bank, National Association Locations


Financial Details

Heritage Bank, National Association Ratio Analysis

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.

Texas Ratio
Heritage Bank, National Association U.S. Bank Average
18.69% 6.94%

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, 2020, Heritage Bank, National Association had $2,954,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $13,929,000 in equity and $1,877,000 in loans loss reserves. That gives it a Texas Ratio of 18.69%.

Return on Equity
Heritage Bank, National Association U.S. Bank Average
7.8% 7.80%

Heritage Bank, National Association has a Return on Equity of 7.8% versus the BestCashCow average of 7.80%. 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, National Association U.S. Bank Average
10.18% 12.68%

Heritage Bank, National Association has a Capitalization of 10.18% versus the BestCashCow average of 12.68. 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, National Association Balance Sheet Analysis

As of June 30, 2011, Heritage Bank, National Association had assets of $136,842,000, loans of $96,074,000, and deposits of $113,966,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 96.07 million
Loan loss allowance $ 1.88 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 113.97 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 136.84 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Heritage Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Heritage Bank, National Association’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Heritage Bank, National Association

Branches and Savings

Is Heritage Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #25243.

Why does Heritage Bank, National Association 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, National Association CD rates not competitive?

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

Is Heritage Bank, National Association a commercial bank?

Yes

Where are Heritage Bank, National Association locations?

See branch locations nearby.

Is Heritage Bank, National Association open on Saturdays?

Is Heritage Bank, National Association open on Sundays?

What time does Heritage Bank, National Association open?

What time does Heritage Bank, National Association close?

Are Heritage Bank, National Association ATMs Open 24/7?

Do Heritage Bank, National Association ATMs accept cash deposits?

Can Heritage Bank, National Association customers use other ATMs?

Do Heritage Bank, National Association branches have notaries?

Will Heritage Bank, National Association notarize my document?

What address for Heritage Bank, National Association should I put for incoming ACH transfers?

Will the Heritage Bank, National Association branch print checks?

Do Heritage Bank, National Association checks expire?

Does Heritage Bank, National Association require US citizenship to open account?

Can Heritage Bank, National Association close my account?

Does Heritage Bank, National Association Report to credit bureaus?

Does Heritage Bank, National Association Use Equifax?

What is Heritage Bank, National Association's ACH Routing Number?

What is Heritage Bank, National Association's SWIFT code?

Products

Does Heritage Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Heritage Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Heritage Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Heritage Bank, National Association offer student loans?

Will Heritage Bank, National Association cash a check?

Will Heritage Bank, National Association redeem a savings bond?

Does Heritage Bank, National Association cash savings bonds?

Will Heritage Bank, National Association cash money orders?

Can Heritage Bank, National Association issue a money order?

Does Heritage Bank, National Association do currency exchange?

Background on The Bank

Who owns Heritage Bank, National Association?

How long has Heritage Bank, National Association been around?

Can Heritage Bank, National Association transfer to other banks?

Does Heritage Bank, National Association have quick pay?

Does Heritage Bank, National Association accept rolled coins?

Will Heritage Bank, National Association accept loose change?

Where is Heritage Bank, National Association headquarters?

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