Heritage Bank of Central Illinois

Headquarters

615 North Trivoli Avenue
Trivoli, IL 61569
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 of Central Illinois is an FDIC insured institution located in Trivoli, IL. It was founded in 1920 and has approximately $0.26 billion in assets.

FDIC Insured Yes
FDIC Certificate # 12554
Date Established 1920
Assets $ 256.39 million
Loans $ 168.59 million
Deposits $ 207.98 million
Capital $ 27.65 million
 

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

Deposit Rates - September 28, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 28, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Heritage Bank of Central Illinois

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




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Note to Heritage Bank of Central Illinois
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Branches

Heritage Bank of Central Illinois 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 of Central Illinois Locations


Financial Details

Heritage Bank of Central Illinois Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Heritage Bank of Central Illinois. 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 of Central Illinois U.S. Bank Average
22.07% 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 of Central Illinois had $5,393,000 in non-current loans and $714,000 in owned real estate. To cover these potential losses it had $27,648,000 in equity and $17,000 in loans loss reserves. That gives it a Texas Ratio of 22.07%.

Return on Equity
Heritage Bank of Central Illinois U.S. Bank Average
-2.97% 7.80%

Heritage Bank of Central Illinois has a Return on Equity of -2.97% 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 of Central Illinois U.S. Bank Average
10.78% 12.68%

Heritage Bank of Central Illinois has a Capitalization of 10.78% 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 of Central Illinois Balance Sheet Analysis

As of June 30, 2016, Heritage Bank of Central Illinois had assets of $256,392,000, loans of $168,592,000, and deposits of $207,980,000. 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 $ 168.59 million
Loan loss allowance $ 0.02 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.71 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 207.98 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 $ 256.39 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 of Central Illinois’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, Heritage Bank of Central Illinois has a significantly higher percent of Small Business Loans, 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 18.35
Multifamily
Mortgages
4.01
Credit Card Loans 0.00
Consumer Auto Loans 0.76
Small Business Loans 15.54
Construction and Development Loans 4.33
Commercial Real Estate 34.64
Commercial and Industrial Loans 27.03
Farm Loans 3.27

Frequently Asked Questions About Heritage Bank Of Central Illinois

Branches and Savings

Is Heritage Bank Of Central Illinois FDIC insured?

Yes. It is covered under FDIC Certificate #12554.

Why does Heritage Bank Of Central Illinois 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 Of Central Illinois CD rates not competitive?

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

Is Heritage Bank Of Central Illinois a commercial bank?

Yes

Where are Heritage Bank Of Central Illinois locations?

See branch locations nearby.

Is Heritage Bank Of Central Illinois open on Saturdays?

Is Heritage Bank Of Central Illinois open on Sundays?

What time does Heritage Bank Of Central Illinois open?

What time does Heritage Bank Of Central Illinois close?

Are Heritage Bank Of Central Illinois ATMs Open 24/7?

Do Heritage Bank Of Central Illinois ATMs accept cash deposits?

Can Heritage Bank Of Central Illinois customers use other ATMs?

Do Heritage Bank Of Central Illinois branches have notaries?

Will Heritage Bank Of Central Illinois notarize my document?

What address for Heritage Bank Of Central Illinois should I put for incoming ACH transfers?

Will the Heritage Bank Of Central Illinois branch print checks?

Do Heritage Bank Of Central Illinois checks expire?

Does Heritage Bank Of Central Illinois require US citizenship to open account?

Can Heritage Bank Of Central Illinois close my account?

Does Heritage Bank Of Central Illinois Report to credit bureaus?

Does Heritage Bank Of Central Illinois Use Equifax?

What is Heritage Bank Of Central Illinois's ACH Routing Number?

What is Heritage Bank Of Central Illinois's SWIFT code?

Products

Does Heritage Bank Of Central Illinois offer mortgages?

Compare mortgage rates here.

Does Heritage Bank Of Central Illinois offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Heritage Bank Of Central Illinois offer personal loans?

Compare personal loan rates here.

Does Heritage Bank Of Central Illinois offer student loans?

Will Heritage Bank Of Central Illinois cash a check?

Will Heritage Bank Of Central Illinois redeem a savings bond?

Does Heritage Bank Of Central Illinois cash savings bonds?

Will Heritage Bank Of Central Illinois cash money orders?

Can Heritage Bank Of Central Illinois issue a money order?

Does Heritage Bank Of Central Illinois do currency exchange?

Background on The Bank

Who owns Heritage Bank Of Central Illinois?

How long has Heritage Bank Of Central Illinois been around?

Can Heritage Bank Of Central Illinois transfer to other banks?

Does Heritage Bank Of Central Illinois have quick pay?

Does Heritage Bank Of Central Illinois accept rolled coins?

Will Heritage Bank Of Central Illinois accept loose change?

Where is Heritage Bank Of Central Illinois headquarters?

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