Heritage Bank National Association

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Heritage Bank National Association Locations

Deposit Rates - March 3, 2021

SAVINGS RATES APY MIN MAX

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 19254
Date Established 1964
Assets $ 485.49 million
Loans $ 375.96 million
Deposits $ 366.63 million
Capital $ 46.61 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 25.80 million
Interest-bearing balances $ 14.92 million
Total securities $ 60.88 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 375.96 million
Loan loss allowance $ 3.98 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.52 million
All other assets $ 14.97 million
     Total Assets $ 438.88 million

LIABILITIES
Total deposits $ 366.63 million
      Interest-bearing deposits $ 278.24 million
      Deposits held in domestic offices $ 366.63 million
      % insured (estimated) 78.51%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 65.08 million
Subordinated debt N.A.
All other liabilities $ 7.17 millionn
      Total Liabilities $ 438.88 million
      Shareholders’ Equity $ 46.61 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 17.51 million
Total Interest Expense $ 2.42 million
Net interest income $ 15.09 million
Provision for loan and lease losses $ 0.55 million
Total non interest income $ 3.89 million
Total non interest expense $ 13.29 million
Pre-tax Net Operating Income $ 5.14 million

Heritage Bank National Association is an FDIC insured institution headquartered at 110 W South St, Spicer, MN 56288.
It was founded in 1964 and has approximately $0 billion in assets. Customers can open an account at one of its 7 branches.


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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE SAVINGS
    Bank
    -
    $50,000
    N.A.
    0.19%
    1.67x (National Avg. - 0.11%)
    $100,000
    -
    SCENARIO
    Year Rate
    0.19%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 95 67
    2 50,095 95 67
    3 50,190 95 67
    4 50,286 96 67
    5 50,381 96 67
    6 50,477 96 67
    7 50,573 96 67
    8 50,669 96 67
    9 50,765 96 68
    10 50,862 97 68
    11 50,958 97 68
    12 51,055 97 68
    13 51,152 97 68
    14 51,249 97 68
    15 51,347 98 68
    16 51,444 98 68
    17 51,542 98 69
    18 51,640 98 69
    19 51,738 98 69
    20 51,836 98 69
    TOTAL $1,935 $1,354
  • 2
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    0.50%
    4.39x (National Avg. - 0.11%)
    $0
    -
    SCENARIO
    Year Rate
    0.50%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 250 175
    2 50,250 251 176
    3 50,501 253 177
    4 50,754 254 178
    5 51,008 255 179
    6 51,263 256 179
    7 51,519 258 180
    8 51,776 259 181
    9 52,035 260 182
    10 52,296 261 183
    11 52,557 263 184
    12 52,820 264 185
    13 53,084 265 186
    14 53,349 267 187
    15 53,616 268 188
    16 53,884 269 189
    17 54,154 271 190
    18 54,424 272 190
    19 54,696 273 191
    20 54,970 275 192
    TOTAL $5,245 $3,671