Heritage Bank & Trust
Headquarters
217 S James M Campbell Blvd
Columbia, TN 38401
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2024 Overview
General Bank Information
Heritage Bank & Trust is an FDIC insured institution located in Columbia, TN. It was founded in 2006 and has approximately $0.37 billion in assets. Customers can open an account at one of its 4 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 58220 |
| Date Established | 2006 |
| Assets | $ 369.04 million |
| Loans | $ 276.66 million |
| Deposits | $ 336.52 million |
| Capital | $ 27.22 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 - November 15, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - November 15, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1025894 |
6.868% |
6.750% 1.00 points $3,884 fees |
$2,076 | Learn More |
NMLS ID: 3030 |
7.225% |
7.125% 1.00 points $3,200 fees |
$2,156 | Learn More |
NMLS ID: 3029 |
points fees |
Learn More | ||
NMLS ID: 491986 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.490 %
After Intro: 7.490 % |
$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:
Columbus,Ohio
Heritage Bank & Trust Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 367.57 | A | View Lobby Hours |
Climate Policy and Initiatives
Heritage Bank & Trust is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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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 |
|---|---|
| 2.5% | 4.48% |
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 June 30, 2024, Heritage Bank & Trust had $458,000 in non-current loans and $359,000 in owned real estate. To cover these potential losses it had $27,217,000 in equity and $5,450,000 in loans loss reserves. That gives it a Texas Ratio of 2.5%.
Return on Equity
| Heritage Bank & Trust | U.S. Bank Average |
|---|---|
| 10.3% | 10.46% |
Heritage Bank & Trust has a Return on Equity of 10.3% versus the BestCashCow average of 10.46%. 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 |
|---|---|
| 7.38% | 10.84% |
Heritage Bank & Trust has a Capitalization of 7.38% versus the BestCashCow average of 10.84. 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 June 30, 2024, Heritage Bank & Trust had assets of $369,042,000, loans of $276,664,000, and deposits of $336,517,000. 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
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 28.49 million |
| Interest-bearing balances | $ 22.28 million |
| Total securities | $ 41.63 million |
| Federal funds sold and reverse repurchase | $ 3.43 million |
| Net loans and leases | $ 276.66 million |
| Loan loss allowance | $ 5.45 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.36 million |
| Goodwill and other intangibles | N.A. |
| All other assets | $ 6.38 million |
| Total Assets | $ 341.83 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 336.52 million |
| Interest-bearing deposits | $ 280.84 million |
| Deposits held in domestic offices | $ 336.52 million |
| % insured (estimated) | 84.55% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 1.82 million |
| Total Liabilities | $ 341.83 million |
| Shareholders’ Equity | $ 27.22 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 10.11 million |
| Total Interest Expense | $ 3.90 million |
| Net interest income | $ 6.21 million |
| Provision for loan and lease losses | $ 0.10 million |
| Total non interest income | $ 1.39 million |
| Total non interest expense | $ 5.66 million |
| Pre-tax Net Operating Income | $ 0.96 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 Small Business Loans.
Compared to other banks, Heritage Bank & Trust’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 | 29.99 | ✓ | ||
| Multifamily Mortgages |
0.84 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.43 | ✓ | ||
| Small Business Loans | 12.97 | ✓ | ||
| Construction and Development Loans | 10.12 | ✓ | ||
| Commercial Real Estate | 25.67 | ✓ | ||
| Commercial and Industrial Loans | 3.04 | ✓ | ||
| Farm Loans | 0.23 | ✓ | ||
Customer Reviews for Heritage Bank & Trust
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