Heritage Bank of North Florida

Headquarters

794 Blanding Boulevard
Orange Park, FL 32073
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 North Florida is an FDIC insured institution located in Orange Park, FL. It was founded in 1986 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 26680
Date Established 1986
Assets $ 103.96 million
Loans $ 74.19 million
Deposits $ 106.35 million
Capital N.A.
 

For a more detailed analysis of Heritage Bank of North Florida'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 North Florida

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

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Featured - Virginia Home Equity Line Of Credit Rates 2020

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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
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More Info

Note to Heritage Bank of North Florida
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Branches

Heritage Bank of North Florida 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 North Florida Locations


Financial Details

Heritage Bank of North Florida Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Heritage Bank of North Florida. 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 North Florida U.S. Bank Average
1042.42% 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 North Florida had $30,717,000 in non-current loans and $6,049,000 in owned real estate. To cover these potential losses it had $-3,276,000 in equity and $6,803,000 in loans loss reserves. That gives it a Texas Ratio of 1042.42%.

Return on Equity
Heritage Bank of North Florida U.S. Bank Average
4037.04% 7.80%

Heritage Bank of North Florida has a Return on Equity of 4037.04% 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 North Florida U.S. Bank Average
-3.15% 12.68%

Heritage Bank of North Florida has a Capitalization of -3.15% 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 North Florida Balance Sheet Analysis

As of March 31, 2013, Heritage Bank of North Florida had assets of $103,960,000, loans of $74,187,000, and deposits of $106,348,000. 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 $ 74.19 million
Loan loss allowance $ 6.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 6.05 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 106.35 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 $ 103.96 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 North Florida’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Florida, Heritage Bank of North Florida 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 11.20
Multifamily
Mortgages
7.78
Credit Card Loans 0.00
Consumer Auto Loans 0.08
Small Business Loans 25.22
Construction and Development Loans 7.23
Commercial Real Estate 76.42
Commercial and Industrial Loans 3.90
Farm Loans 0.00

Frequently Asked Questions About Heritage Bank Of North Florida

Branches and Savings

Is Heritage Bank Of North Florida FDIC insured?

Yes. It is covered under FDIC Certificate #26680.

Why does Heritage Bank Of North Florida 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 North Florida CD rates not competitive?

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

Is Heritage Bank Of North Florida a commercial bank?

Yes

Where are Heritage Bank Of North Florida locations?

See branch locations nearby.

Is Heritage Bank Of North Florida open on Saturdays?

Is Heritage Bank Of North Florida open on Sundays?

What time does Heritage Bank Of North Florida open?

What time does Heritage Bank Of North Florida close?

Are Heritage Bank Of North Florida ATMs Open 24/7?

Do Heritage Bank Of North Florida ATMs accept cash deposits?

Can Heritage Bank Of North Florida customers use other ATMs?

Do Heritage Bank Of North Florida branches have notaries?

Will Heritage Bank Of North Florida notarize my document?

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

Will the Heritage Bank Of North Florida branch print checks?

Do Heritage Bank Of North Florida checks expire?

Does Heritage Bank Of North Florida require US citizenship to open account?

Can Heritage Bank Of North Florida close my account?

Does Heritage Bank Of North Florida Report to credit bureaus?

Does Heritage Bank Of North Florida Use Equifax?

What is Heritage Bank Of North Florida's ACH Routing Number?

What is Heritage Bank Of North Florida's SWIFT code?

Products

Does Heritage Bank Of North Florida offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Heritage Bank Of North Florida offer personal loans?

Compare personal loan rates here.

Does Heritage Bank Of North Florida offer student loans?

Will Heritage Bank Of North Florida cash a check?

Will Heritage Bank Of North Florida redeem a savings bond?

Does Heritage Bank Of North Florida cash savings bonds?

Will Heritage Bank Of North Florida cash money orders?

Can Heritage Bank Of North Florida issue a money order?

Does Heritage Bank Of North Florida do currency exchange?

Background on The Bank

Who owns Heritage Bank Of North Florida?

How long has Heritage Bank Of North Florida been around?

Can Heritage Bank Of North Florida transfer to other banks?

Does Heritage Bank Of North Florida have quick pay?

Does Heritage Bank Of North Florida accept rolled coins?

Will Heritage Bank Of North Florida accept loose change?

Where is Heritage Bank Of North Florida headquarters?

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