Heritage First Bank

Headquarters

1820 South Gulf Shores Parkway
Gulf Shores, AL 36542
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 First Bank is an FDIC insured institution located in Gulf Shores, AL. It was founded in 1964 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 19023
Date Established 1964
Assets $ 54.61 million
Loans $ 29.80 million
Deposits $ 51.05 million
Capital $ 3.39 million
 

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

Deposit Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Heritage First Bank

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
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,102 $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
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 First Bank
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Branches

Heritage First Bank 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 First Bank Locations


Financial Details

Heritage First Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Heritage First Bank. 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 First Bank U.S. Bank Average
85.84% 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 First Bank had $943,000 in non-current loans and $2,961,000 in owned real estate. To cover these potential losses it had $3,390,000 in equity and $1,158,000 in loans loss reserves. That gives it a Texas Ratio of 85.84%.

Return on Equity
Heritage First Bank U.S. Bank Average
-52.14% 7.80%

Heritage First Bank has a Return on Equity of -52.14% 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 First Bank U.S. Bank Average
6.21% 12.68%

Heritage First Bank has a Capitalization of 6.21% 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 First Bank Balance Sheet Analysis

As of September 30, 2011, Heritage First Bank had assets of $54,607,000, loans of $29,800,000, and deposits of $51,051,000. 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 $ 29.80 million
Loan loss allowance $ 1.16 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.96 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 51.05 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 $ 54.61 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 First Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Heritage First Bank’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 First Bank

Branches and Savings

Is Heritage First Bank FDIC insured?

Yes. It is covered under FDIC Certificate #19023.

Why does Heritage First Bank pay such low interest on savings accounts?

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

Why are Heritage First Bank CD rates not competitive?

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

Is Heritage First Bank a commercial bank?

Yes

Where are Heritage First Bank locations?

See branch locations nearby.

Is Heritage First Bank open on Saturdays?

Is Heritage First Bank open on Sundays?

What time does Heritage First Bank open?

What time does Heritage First Bank close?

Are Heritage First Bank ATMs Open 24/7?

Do Heritage First Bank ATMs accept cash deposits?

Can Heritage First Bank customers use other ATMs?

Do Heritage First Bank branches have notaries?

Will Heritage First Bank notarize my document?

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

Will the Heritage First Bank branch print checks?

Do Heritage First Bank checks expire?

Does Heritage First Bank require US citizenship to open account?

Can Heritage First Bank close my account?

Does Heritage First Bank Report to credit bureaus?

Does Heritage First Bank Use Equifax?

What is Heritage First Bank's ACH Routing Number?

What is Heritage First Bank's SWIFT code?

Products

Does Heritage First Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Heritage First Bank offer personal loans?

Compare personal loan rates here.

Does Heritage First Bank offer student loans?

Will Heritage First Bank cash a check?

Will Heritage First Bank redeem a savings bond?

Does Heritage First Bank cash savings bonds?

Will Heritage First Bank cash money orders?

Can Heritage First Bank issue a money order?

Does Heritage First Bank do currency exchange?

Background on The Bank

Who owns Heritage First Bank?

How long has Heritage First Bank been around?

Can Heritage First Bank transfer to other banks?

Does Heritage First Bank have quick pay?

Does Heritage First Bank accept rolled coins?

Will Heritage First Bank accept loose change?

Where is Heritage First Bank headquarters?

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