Heritage Bank USA, Inc.

Headquarters

4155 Lafayette Rd
Hopkinsville, KY 42240
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Heritage Bank USA, Inc. is an FDIC insured institution located in Hopkinsville, KY. It was founded in 1879 and has approximately $0.93 billion in assets. Customers can open an account at one of its 18 branches.

FDIC Insured Yes
FDIC Certificate # 30090
Date Established 1879
Assets $ 930.26 million
Loans $ 670.23 million
Deposits $ 736.66 million
Capital $ 102.41 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Heritage Bank USA, Inc.

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.359% 3.250%
0.88 points
$3,438 fees
$1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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BMO Harris Bank
BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to Heritage Bank USA, Inc.
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Branches

Heritage Bank USA, Inc. 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 USA, Inc. Locations


Financial Details

Heritage Bank USA, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Heritage Bank USA, Inc.. 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 USA, Inc. U.S. Bank Average
4.51% 5.29%

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, 2021, Heritage Bank USA, Inc. had $1,513,000 in non-current loans and $3,314,000 in owned real estate. To cover these potential losses it had $102,411,000 in equity and $4,579,000 in loans loss reserves. That gives it a Texas Ratio of 4.51%.

Return on Equity
Heritage Bank USA, Inc. U.S. Bank Average
4.73% 11.43%

Heritage Bank USA, Inc. has a Return on Equity of 4.73% versus the BestCashCow average of 11.43%. 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 USA, Inc. U.S. Bank Average
11.01% 11.51%

Heritage Bank USA, Inc. has a Capitalization of 11.01% versus the BestCashCow average of 11.51. 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 USA, Inc. Balance Sheet Analysis

As of June 30, 2019, Heritage Bank USA, Inc. had assets of $932,176,000, loans of $670,230,000, and deposits of $736,664,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 39.58 million
Interest-bearing balances $ 16.58 million
Total securities $ 176.10 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 670.23 million
Loan loss allowance $ 4.58 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.31 million
Goodwill and other intangibles N.A.
All other assets $ 22.15 million
     Total Assets $ 829.77 million
LIABILITIES
Total deposits $ 736.66 million
      Interest-bearing deposits $ 648.09 million
      Deposits held in domestic offices $ 736.66 million
      % insured (estimated) 74.16%
Federal funds purchased and repurchase agreements $ 63.90 million
Trading liabilities N.A.
Other borrowed funds $ 26.00 million
Subordinated debt N.A.
All other liabilities $ 3.20 million
      Total Liabilities $ 829.77 million
      Shareholders’ Equity $ 100.50 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 19.81 million
Total Interest Expense $ 5.46 million
Net interest income $ 14.36 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 3.58 million
Total non interest expense $ 14.53 million
Pre-tax Net Operating Income $ 3.30 million

Bank Loan Profile?

The top three loan types in Heritage Bank USA, Inc.’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Kentucky, Heritage Bank USA, Inc. has a significantly higher percent of 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 29.98
Multifamily
Mortgages
4.72
Credit Card Loans 0.00
Consumer Auto Loans 0.48
Small Business Loans 8.04
Construction and Development Loans 6.84
Commercial Real Estate 36.46
Commercial and Industrial Loans 11.63
Farm Loans 2.22

Frequently Asked Questions About Heritage Bank Usa, Inc.

Branches and Savings

Is Heritage Bank Usa, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #30090.

Why does Heritage Bank Usa, Inc. 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 Usa, Inc. CD rates not competitive?

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

Is Heritage Bank Usa, Inc. a commercial bank?

Yes

Where are Heritage Bank Usa, Inc. locations?

See branch locations nearby.

Is Heritage Bank Usa, Inc. open on Saturdays?

Is Heritage Bank Usa, Inc. open on Sundays?

What time does Heritage Bank Usa, Inc. open?

What time does Heritage Bank Usa, Inc. close?

Are Heritage Bank Usa, Inc. ATMs Open 24/7?

Do Heritage Bank Usa, Inc. ATMs accept cash deposits?

Can Heritage Bank Usa, Inc. customers use other ATMs?

Do Heritage Bank Usa, Inc. branches have notaries?

Will Heritage Bank Usa, Inc. notarize my document?

What address for Heritage Bank Usa, Inc. should I put for incoming ACH transfers?

Will the Heritage Bank Usa, Inc. branch print checks?

Do Heritage Bank Usa, Inc. checks expire?

Does Heritage Bank Usa, Inc. require US citizenship to open account?

Can Heritage Bank Usa, Inc. close my account?

Does Heritage Bank Usa, Inc. Report to credit bureaus?

Does Heritage Bank Usa, Inc. Use Equifax?

What is Heritage Bank Usa, Inc.'s ACH Routing Number?

What is Heritage Bank Usa, Inc.'s SWIFT code?

Products

Does Heritage Bank Usa, Inc. offer mortgages?

Compare mortgage rates here.

Does Heritage Bank Usa, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Heritage Bank Usa, Inc. offer personal loans?

Compare personal loan rates here.

Does Heritage Bank Usa, Inc. offer student loans?

Will Heritage Bank Usa, Inc. cash a check?

Will Heritage Bank Usa, Inc. redeem a savings bond?

Does Heritage Bank Usa, Inc. cash savings bonds?

Will Heritage Bank Usa, Inc. cash money orders?

Can Heritage Bank Usa, Inc. issue a money order?

Does Heritage Bank Usa, Inc. do currency exchange?

Background on The Bank

Who owns Heritage Bank Usa, Inc.?

How long has Heritage Bank Usa, Inc. been around?

Can Heritage Bank Usa, Inc. transfer to other banks?

Does Heritage Bank Usa, Inc. have quick pay?

Does Heritage Bank Usa, Inc. accept rolled coins?

Will Heritage Bank Usa, Inc. accept loose change?

Where is Heritage Bank Usa, Inc. headquarters?

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