Heritage Bank of Nevada

Headquarters

2330 South Virginia Street
Reno, NV 89502
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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 Nevada is an FDIC insured institution located in Reno, NV. It was founded in 1995 and has approximately $0.84 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 34072
Date Established 1995
Assets $ 840.49 million
Loans $ 604.53 million
Deposits $ 724.67 million
Capital $ 112.44 million
 

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

Deposit Rates - October 24, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Heritage Bank of Nevada

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.575% 2.500% 1.00 $2,470 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Heritage Bank of Nevada
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Branches

Heritage Bank of Nevada 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:
Ashburn,Virginia


Heritage Bank of Nevada Locations


Financial Details

Heritage Bank of Nevada Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Heritage Bank of Nevada. 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 Nevada U.S. Bank Average
0.86% 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 Nevada had $1,028,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $112,435,000 in equity and $7,524,000 in loans loss reserves. That gives it a Texas Ratio of 0.86%.

Return on Equity
Heritage Bank of Nevada U.S. Bank Average
18.41% 7.80%

Heritage Bank of Nevada has a Return on Equity of 18.41% 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 Nevada U.S. Bank Average
13.38% 12.68%

Heritage Bank of Nevada has a Capitalization of 13.38% 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 Nevada Balance Sheet Analysis

As of June 30, 2019, Heritage Bank of Nevada had assets of $842,335,000, loans of $604,525,000, and deposits of $724,670,000. 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 $ 99.72 million
Interest-bearing balances $ 85.45 million
Total securities $ 104.14 million
Federal funds sold and reverse repurchase $ 0.03 million
Net loans and leases $ 604.53 million
Loan loss allowance $ 7.52 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 $ 24.30 million
     Total Assets $ 729.90 million
LIABILITIES
Total deposits $ 724.67 million
      Interest-bearing deposits $ 434.10 million
      Deposits held in domestic offices $ 724.67 million
      % insured (estimated) 69.58%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 5.23 million
      Total Liabilities $ 729.90 million
      Shareholders’ Equity $ 110.59 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 19.39 million
Total Interest Expense $ 1.35 million
Net interest income $ 18.04 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.27 million
Total non interest expense $ 6.83 million
Pre-tax Net Operating Income $ 12.48 million

Bank Loan Profile?

The top three loan types in Heritage Bank of Nevada’s loan portfolio are Commercial Real Estate, Small Business Loans, and Multifamily Mortgages.

Compared to other banks in Nevada, Heritage Bank of Nevada has a significantly higher percent of Multifamily Mortgages, Small Business 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 5.58
Multifamily
Mortgages
9.59
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 20.35
Construction and Development Loans 9.50
Commercial Real Estate 70.81
Commercial and Industrial Loans 5.33
Farm Loans 0.00

Frequently Asked Questions About Heritage Bank Of Nevada

Branches and Savings

Is Heritage Bank Of Nevada FDIC insured?

Yes. It is covered under FDIC Certificate #34072.

Why does Heritage Bank Of Nevada 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 Nevada CD rates not competitive?

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

Is Heritage Bank Of Nevada a commercial bank?

Yes

Where are Heritage Bank Of Nevada locations?

See branch locations nearby.

Is Heritage Bank Of Nevada open on Saturdays?

Is Heritage Bank Of Nevada open on Sundays?

What time does Heritage Bank Of Nevada open?

What time does Heritage Bank Of Nevada close?

Are Heritage Bank Of Nevada ATMs Open 24/7?

Do Heritage Bank Of Nevada ATMs accept cash deposits?

Can Heritage Bank Of Nevada customers use other ATMs?

Do Heritage Bank Of Nevada branches have notaries?

Will Heritage Bank Of Nevada notarize my document?

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

Will the Heritage Bank Of Nevada branch print checks?

Do Heritage Bank Of Nevada checks expire?

Does Heritage Bank Of Nevada require US citizenship to open account?

Can Heritage Bank Of Nevada close my account?

Does Heritage Bank Of Nevada Report to credit bureaus?

Does Heritage Bank Of Nevada Use Equifax?

What is Heritage Bank Of Nevada's ACH Routing Number?

What is Heritage Bank Of Nevada's SWIFT code?

Products

Does Heritage Bank Of Nevada offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Heritage Bank Of Nevada offer personal loans?

Compare personal loan rates here.

Does Heritage Bank Of Nevada offer student loans?

Will Heritage Bank Of Nevada cash a check?

Will Heritage Bank Of Nevada redeem a savings bond?

Does Heritage Bank Of Nevada cash savings bonds?

Will Heritage Bank Of Nevada cash money orders?

Can Heritage Bank Of Nevada issue a money order?

Does Heritage Bank Of Nevada do currency exchange?

Background on The Bank

Who owns Heritage Bank Of Nevada?

How long has Heritage Bank Of Nevada been around?

Can Heritage Bank Of Nevada transfer to other banks?

Does Heritage Bank Of Nevada have quick pay?

Does Heritage Bank Of Nevada accept rolled coins?

Will Heritage Bank Of Nevada accept loose change?

Where is Heritage Bank Of Nevada headquarters?

Customer Reviews for Heritage Bank of Nevada


  • June 22, 2020 |

    This online bank is the WORST EVER! I cannot get into my account despite repeated tries, it will not take my password, states the answer to my security question is wrong, deleted all my online banking accounts and I cannot access any part of this bank on line. Furthermore, I deposited a check to my account only. They have lost the check. It was deposited in April and has never shown up on any accounts. I gave them a copy showing it which account it was supposed to go to. After 3 months they still cannot find where it went. Stay away from this bank. There are many others that do a fabulous job. This is not one of them.

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