Heritage Bank of Schaumburg

1535 Schaumburg Road
Schaumburg, IL 60194

Notable Rates APY Vs.Others
Savings N.A. 2.30% →
1-Year CD N.A. 2.25% →
2-Year CD N.A. 2.50% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Heritage Bank of Schaumburg is an FDIC insured institution located in Schaumburg, IL. It was founded in 1974 and has approximately $0.14 billion in assets.

FDIC Insured Yes
FDIC Certificate # 21721
Date Established 1974
Assets $0.14 billion
Loans $0.07 billion
Deposits $0.12 billion
Capital $0.02 billion
 

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

Deposit Rates - December 11, 2019

Your Current Location: Virginia, VA 20146

There are currently no rates available for Heritage Bank Of Schaumburg, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - December 11, 2019

Your Current Location: Virginia, VA 20146

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

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 2019

Lender APR Rate (%) Points Fees Monthly
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NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 Learn More
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Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Atlantic Union Bank
Atlantic Union Bank
4.750 %
$15,000 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
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Note to Heritage Bank of Schaumburg
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Branches

Heritage Bank of Schaumburg 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 Schaumburg Locations


Financial Details

Heritage Bank of Schaumburg Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Heritage Bank of Schaumburg. 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 Schaumburg U.S. Bank Average
2.62% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Heritage Bank of Schaumburg had $549,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $20,176,000 in equity and $744,000 in loans loss reserves. That gives it a Texas Ratio of 2.62%.

Return on Equity
Heritage Bank of Schaumburg U.S. Bank Average
8.67% 9.50%

Heritage Bank of Schaumburg has a Return on Equity of 8.67% versus the BestCashCow average of 9.50%. 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 Schaumburg U.S. Bank Average
14.02% 12.76%

Heritage Bank of Schaumburg has a Capitalization of 14.02% versus the BestCashCow average of 12.76. 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 Schaumburg Balance Sheet Analysis

As of June 30, 2019, Heritage Bank of Schaumburg had assets of $143,935,000, loans of $71,999,000, and deposits of $123,441,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.04 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.07 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.00 billion
     Total Assets $0.12 billion
LIABILITIES
Total deposits $0.12 billion
      Interest-bearing deposits $0.10 billion
      Deposits held in domestic offices $0.12 billion
      % insured (estimated) 85.87%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.12 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Heritage Bank of Schaumburg’s loan portfolio are Multifamily Mortgages, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Illinois, Heritage Bank of Schaumburg 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 22.87
Multifamily
Mortgages
67.99
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 2.79
Construction and Development Loans 0.00
Commercial Real Estate 4.37
Commercial and Industrial Loans 5.80
Farm Loans 0.00

Frequently Asked Questions About Heritage Bank Of Schaumburg

Branches and Savings

Is Heritage Bank Of Schaumburg FDIC insured?

Yes. It is covered under FDIC Certificate #21721.

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

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

Is Heritage Bank Of Schaumburg a commercial bank?

Yes

Where are Heritage Bank Of Schaumburg locations?

See branch locations nearby.

Is Heritage Bank Of Schaumburg open on Saturdays?

Is Heritage Bank Of Schaumburg open on Sundays?

What time does Heritage Bank Of Schaumburg open?

What time does Heritage Bank Of Schaumburg close?

Are Heritage Bank Of Schaumburg ATMs Open 24/7?

Do Heritage Bank Of Schaumburg ATMs accept cash deposits?

Can Heritage Bank Of Schaumburg customers use other ATMs?

Do Heritage Bank Of Schaumburg branches have notaries?

Will Heritage Bank Of Schaumburg notarize my document?

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

Will the Heritage Bank Of Schaumburg branch print checks?

Do Heritage Bank Of Schaumburg checks expire?

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

Can Heritage Bank Of Schaumburg close my account?

Does Heritage Bank Of Schaumburg Report to credit bureaus?

Does Heritage Bank Of Schaumburg Use Equifax?

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

What is Heritage Bank Of Schaumburg's SWIFT code?

Products

Does Heritage Bank Of Schaumburg offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Heritage Bank Of Schaumburg offer personal loans?

Compare personal loan rates here.

Does Heritage Bank Of Schaumburg offer student loans?

Will Heritage Bank Of Schaumburg cash a check?

Will Heritage Bank Of Schaumburg redeem a savings bond?

Does Heritage Bank Of Schaumburg cash savings bonds?

Will Heritage Bank Of Schaumburg cash money orders?

Can Heritage Bank Of Schaumburg issue a money order?

Does Heritage Bank Of Schaumburg do currency exchange?

Background on The Bank

Who owns Heritage Bank Of Schaumburg?

How long has Heritage Bank Of Schaumburg been around?

Can Heritage Bank Of Schaumburg transfer to other banks?

Does Heritage Bank Of Schaumburg have quick pay?

Does Heritage Bank Of Schaumburg accept rolled coins?

Will Heritage Bank Of Schaumburg accept loose change?

Where is Heritage Bank Of Schaumburg headquarters?

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