Heritage Bank & Trust

Headquarters

217 South James M. Campbell Boulevard
Columbia, TN 38401
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.30% 0.95% →
2-Year CD 0.55% 1.05% →
5-Year CD 0.80% 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 & Trust is an FDIC insured institution located in Columbia, TN. It was founded in 2006 and has approximately $0.18 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 58220
Date Established 2006
Assets $ 182.96 million
Loans $ 144.07 million
Deposits $ 164.42 million
Capital $ 16.40 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.02% $10,000 $14,999 Learn More
Money Market
0.04% $25,000 $29,999 Learn More
Premium Money Market Account
0.01% $10,000 $14,999 Learn More
Premium Money Market Account
0.02% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.03% $10,000 $14,999 Learn More
3 Mo CD
0.03% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
Special: 7 Mo CD
0.50% $1,000 - Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.60% $100,000 $199,999 Learn More
48 Mo CD
0.65% $10,000 $14,999 Learn More
48 Mo CD
0.65% $100,000 $199,999 Learn More
60 Mo CD
0.80% $10,000 $14,999 Learn More
60 Mo CD
0.80% $100,000 $199,999 Learn More


Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Heritage Bank & Trust

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
Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 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
See Table
2.990 %
$0 Learn More
More Info

Note to Heritage Bank & Trust
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Branches

Heritage Bank & Trust 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 & Trust Locations


Financial Details

Heritage Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Heritage Bank & Trust. 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 & Trust U.S. Bank Average
4.47% 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 & Trust had $583,000 in non-current loans and $269,000 in owned real estate. To cover these potential losses it had $16,402,000 in equity and $2,679,000 in loans loss reserves. That gives it a Texas Ratio of 4.47%.

Return on Equity
Heritage Bank & Trust U.S. Bank Average
8.93% 7.80%

Heritage Bank & Trust has a Return on Equity of 8.93% 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 & Trust U.S. Bank Average
8.96% 12.68%

Heritage Bank & Trust has a Capitalization of 8.96% 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 & Trust Balance Sheet Analysis

As of March 31, 2020, Heritage Bank & Trust had assets of $182,959,000, loans of $144,074,000, and deposits of $164,421,000. 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 $ 9.48 million
Interest-bearing balances $ 5.12 million
Total securities $ 19.82 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 144.07 million
Loan loss allowance $ 2.68 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.27 million
Goodwill and other intangibles N.A.
All other assets $ 4.06 million
     Total Assets $ 166.56 million
LIABILITIES
Total deposits $ 164.42 million
      Interest-bearing deposits $ 145.73 million
      Deposits held in domestic offices $ 164.42 million
      % insured (estimated) 91.74%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.50 million
Subordinated debt N.A.
All other liabilities $ 1.64 million
      Total Liabilities $ 166.56 million
      Shareholders’ Equity $ 16.40 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.05 million
Total Interest Expense $ 0.45 million
Net interest income $ 1.60 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.31 million
Total non interest expense $ 1.57 million
Pre-tax Net Operating Income $ 0.29 million

Bank Loan Profile?

The top three loan types in Heritage Bank & Trust’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Tennessee, Heritage Bank & Trust has a significantly higher percent of Construction and Development 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 44.17
Multifamily
Mortgages
1.14
Credit Card Loans 0.00
Consumer Auto Loans 0.98
Small Business Loans 0.00
Construction and Development Loans 17.56
Commercial Real Estate 25.20
Commercial and Industrial Loans 7.04
Farm Loans 0.61

Frequently Asked Questions About Heritage Bank & Trust

Branches and Savings

Is Heritage Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #58220.

Why does Heritage Bank & Trust 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 & Trust CD rates not competitive?

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

Is Heritage Bank & Trust a commercial bank?

Yes

Where are Heritage Bank & Trust locations?

See branch locations nearby.

Is Heritage Bank & Trust open on Saturdays?

Is Heritage Bank & Trust open on Sundays?

What time does Heritage Bank & Trust open?

What time does Heritage Bank & Trust close?

Are Heritage Bank & Trust ATMs Open 24/7?

Do Heritage Bank & Trust ATMs accept cash deposits?

Can Heritage Bank & Trust customers use other ATMs?

Do Heritage Bank & Trust branches have notaries?

Will Heritage Bank & Trust notarize my document?

What address for Heritage Bank & Trust should I put for incoming ACH transfers?

Will the Heritage Bank & Trust branch print checks?

Do Heritage Bank & Trust checks expire?

Does Heritage Bank & Trust require US citizenship to open account?

Can Heritage Bank & Trust close my account?

Does Heritage Bank & Trust Report to credit bureaus?

Does Heritage Bank & Trust Use Equifax?

What is Heritage Bank & Trust's ACH Routing Number?

What is Heritage Bank & Trust's SWIFT code?

Products

Does Heritage Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Heritage Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Heritage Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Heritage Bank & Trust offer student loans?

Will Heritage Bank & Trust cash a check?

Will Heritage Bank & Trust redeem a savings bond?

Does Heritage Bank & Trust cash savings bonds?

Will Heritage Bank & Trust cash money orders?

Can Heritage Bank & Trust issue a money order?

Does Heritage Bank & Trust do currency exchange?

Background on The Bank

Who owns Heritage Bank & Trust?

How long has Heritage Bank & Trust been around?

Can Heritage Bank & Trust transfer to other banks?

Does Heritage Bank & Trust have quick pay?

Does Heritage Bank & Trust accept rolled coins?

Will Heritage Bank & Trust accept loose change?

Where is Heritage Bank & Trust headquarters?

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