Heritage Banking Group

Headquarters

114 South Pearl Street
Carthage, MS 39051
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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 Banking Group is an FDIC insured institution located in Carthage, MS. It was founded in 1920 and has approximately $0.23 billion in assets.

Heritage Banking Group, Carthage, Mississippi, was closed on April 15, 2011 by the Mississippi Department of Banking and Consumer Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Trustmark National Bank, Jackson, Mississippi, to assume all of the deposits of Heritage Banking Group.

FDIC Insured Yes
FDIC Certificate # 14273
Date Established 1920
Assets $ 228.33 million
Loans $ 141.51 million
Deposits $ 205.04 million
Capital N.A.
 

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

Deposit Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Heritage Banking Group

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
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 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
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2.990 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Heritage Banking Group
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Branches

Heritage Banking Group 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 Banking Group Locations


Financial Details

Heritage Banking Group Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Heritage Banking Group. 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 Banking Group U.S. Bank Average
321.65% 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 Banking Group had $15,381,000 in non-current loans and $11,837,000 in owned real estate. To cover these potential losses it had $-1,687,000 in equity and $10,149,000 in loans loss reserves. That gives it a Texas Ratio of 321.65%.

Return on Equity
Heritage Banking Group U.S. Bank Average
-4050.77% 7.80%

Heritage Banking Group has a Return on Equity of -4050.77% 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 Banking Group U.S. Bank Average
-0.74% 12.68%

Heritage Banking Group has a Capitalization of -0.74% 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 Banking Group Balance Sheet Analysis

As of March 31, 2011, Heritage Banking Group had assets of $228,328,000, loans of $141,509,000, and deposits of $205,035,000. 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 $ 141.51 million
Loan loss allowance $ 10.15 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 11.84 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 205.04 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 $ 228.33 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 Banking Group’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Heritage Banking Group’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Heritage Banking Group

Branches and Savings

Is Heritage Banking Group FDIC insured?

Yes. It is covered under FDIC Certificate #14273.

Why does Heritage Banking Group pay such low interest on savings accounts?

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

Why are Heritage Banking Group CD rates not competitive?

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

Is Heritage Banking Group a commercial bank?

Yes

Where are Heritage Banking Group locations?

See branch locations nearby.

Is Heritage Banking Group open on Saturdays?

Is Heritage Banking Group open on Sundays?

What time does Heritage Banking Group open?

What time does Heritage Banking Group close?

Are Heritage Banking Group ATMs Open 24/7?

Do Heritage Banking Group ATMs accept cash deposits?

Can Heritage Banking Group customers use other ATMs?

Do Heritage Banking Group branches have notaries?

Will Heritage Banking Group notarize my document?

What address for Heritage Banking Group should I put for incoming ACH transfers?

Will the Heritage Banking Group branch print checks?

Do Heritage Banking Group checks expire?

Does Heritage Banking Group require US citizenship to open account?

Can Heritage Banking Group close my account?

Does Heritage Banking Group Report to credit bureaus?

Does Heritage Banking Group Use Equifax?

What is Heritage Banking Group's ACH Routing Number?

What is Heritage Banking Group's SWIFT code?

Products

Does Heritage Banking Group offer mortgages?

Compare mortgage rates here.

Does Heritage Banking Group offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Heritage Banking Group offer personal loans?

Compare personal loan rates here.

Does Heritage Banking Group offer student loans?

Will Heritage Banking Group cash a check?

Will Heritage Banking Group redeem a savings bond?

Does Heritage Banking Group cash savings bonds?

Will Heritage Banking Group cash money orders?

Can Heritage Banking Group issue a money order?

Does Heritage Banking Group do currency exchange?

Background on The Bank

Who owns Heritage Banking Group?

How long has Heritage Banking Group been around?

Can Heritage Banking Group transfer to other banks?

Does Heritage Banking Group have quick pay?

Does Heritage Banking Group accept rolled coins?

Will Heritage Banking Group accept loose change?

Where is Heritage Banking Group headquarters?

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