Heritage State Bank


2201 James Street
Lawrenceville, IL 62439
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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 State Bank is an FDIC insured institution located in Lawrenceville, IL. It was founded in 1899 and has approximately $0.08 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 29224
Date Established 1899
Assets $ 79.18 million
Loans $ 58.32 million
Deposits $ 69.98 million
Capital $ 9.16 million

For a more detailed analysis of Heritage State Bank'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: California, CA 92111


Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Heritage State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
Morty, Inc.
NMLS ID: 1429243
2.654% 2.625%
0.38 points
$960 fees
$1,005 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
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 State Bank
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Heritage State 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:
San Diego,California

Heritage State Bank Locations

Financial Details

Heritage State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Heritage State 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 State Bank U.S. Bank Average
43.15% 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 State Bank had $4,472,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $9,156,000 in equity and $1,207,000 in loans loss reserves. That gives it a Texas Ratio of 43.15%.

Return on Equity
Heritage State Bank U.S. Bank Average
-26.74% 11.43%

Heritage State Bank has a Return on Equity of -26.74% 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.

Heritage State Bank U.S. Bank Average
11.56% 11.51%

Heritage State Bank has a Capitalization of 11.56% 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 State Bank Balance Sheet Analysis

As of September 30, 2020, Heritage State Bank had assets of $79,214,000, loans of $58,319,000, and deposits of $69,975,000. 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
Cash & Balances due from depository institutions $ 18.06 million
Interest-bearing balances $ 16.36 million
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 58.32 million
Loan loss allowance $ 1.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.31 million
     Total Assets $ 70.06 million
Total deposits $ 69.98 million
      Interest-bearing deposits $ 55.42 million
      Deposits held in domestic offices $ 69.98 million
      % insured (estimated) 83.96%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.08 million
      Total Liabilities $ 70.06 million
      Shareholders’ Equity $ 9.13 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 2.65 million
Total Interest Expense $ 0.27 million
Net interest income $ 2.38 million
Provision for loan and lease losses $ 1.00 million
Total non interest income $ 0.11 million
Total non interest expense $ 1.69 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Heritage State Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Farm Loans.

Compared to other banks, Heritage State 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.78
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 9.82
Commercial and Industrial Loans 6.71
Farm Loans 1.64

Frequently Asked Questions About Heritage State Bank

Branches and Savings

Is Heritage State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29224.

Why does Heritage State 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 State Bank CD rates not competitive?

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

Is Heritage State Bank a commercial bank?


Where are Heritage State Bank locations?

See branch locations nearby.

Is Heritage State Bank open on Saturdays?

Is Heritage State Bank open on Sundays?

What time does Heritage State Bank open?

What time does Heritage State Bank close?

Are Heritage State Bank ATMs Open 24/7?

Do Heritage State Bank ATMs accept cash deposits?

Can Heritage State Bank customers use other ATMs?

Do Heritage State Bank branches have notaries?

Will Heritage State Bank notarize my document?

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

Will the Heritage State Bank branch print checks?

Do Heritage State Bank checks expire?

Does Heritage State Bank require US citizenship to open account?

Can Heritage State Bank close my account?

Does Heritage State Bank Report to credit bureaus?

Does Heritage State Bank Use Equifax?

What is Heritage State Bank's ACH Routing Number?

What is Heritage State Bank's SWIFT code?


Does Heritage State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Heritage State Bank offer personal loans?

Compare personal loan rates here.

Does Heritage State Bank offer student loans?

Will Heritage State Bank cash a check?

Will Heritage State Bank redeem a savings bond?

Does Heritage State Bank cash savings bonds?

Will Heritage State Bank cash money orders?

Can Heritage State Bank issue a money order?

Does Heritage State Bank do currency exchange?

Background on The Bank

Who owns Heritage State Bank?

How long has Heritage State Bank been around?

Can Heritage State Bank transfer to other banks?

Does Heritage State Bank have quick pay?

Does Heritage State Bank accept rolled coins?

Will Heritage State Bank accept loose change?

Where is Heritage State Bank headquarters?

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