Heritage Bank National Association


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.

Deposit Rates - January 27, 2023

SAVINGS RATES APY MIN
CD RATES APY MIN
6 Mo CD
0.14% $2,000 Compare

Overview 2023

General Bank Information

FDIC Insured Yes
FDIC Certificate # 19254
Date Established 1964
Assets $ 436.98 million
Loans $ 350.59 million
Deposits $ 350.40 million
Capital $ 43.13 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 22.42 million
Interest-bearing balances $ 10.32 million
Total securities $ 44.26 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 350.59 million
Loan loss allowance $ 3.71 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 3.77 million
All other assets $ 11.33 million
     Total Assets $ 393.85 million

LIABILITIES
Total deposits $ 350.40 million
      Interest-bearing deposits $ 258.76 million
      Deposits held in domestic offices $ 350.40 million
      % insured (estimated) 77.41%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 38.67 million
Subordinated debt N.A.
All other liabilities $ 4.79 millionn
      Total Liabilities $ 393.85 million
      Shareholders’ Equity $ 43.13 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 10.58 million
Total Interest Expense $ 0.47 million
Net interest income $ 10.11 million
Provision for loan and lease losses $ 0.15 million
Total non interest income $ 1.55 million
Total non interest expense $ 8.30 million
Pre-tax Net Operating Income $ 3.21 million


*Should any logos, images or public notes appear on this page,they do so courtesy of Heritage Bank National Association and are not subject to approval of RatesAndInfo.com. RatesAndInfo.com expressly disclaims all responsibility for this content.

Customer Reviews for Heritage Bank National Association

There are currently no comments for Heritage Bank National Association. Be the first to share your experience. Please provide comments that will help others.


Add Your Review


Rate it here →



Branches

Click on location and enter new zip number to change.
Your current location is: Ashburn, VA
View Branches Statewide →

View Branches Nationwide →

Heritage Bank National Association Locations

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 CD
    Bank
    -
    $50,000
    6 Month
    0.14%
    0.49x (National Avg. - 0.28%)
    $2,000
    -
    SCENARIO
    Year Rate
    0.14%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 70 49
    2 50,070 70 49
    3 50,140 70 49
    4 50,210 70 49
    5 50,281 70 49
    6 50,351 70 49
    7 50,421 71 49
    8 50,492 71 49
    9 50,563 71 50
    10 50,634 71 50
    11 50,704 71 50
    12 50,775 71 50
    13 50,846 71 50
    14 50,918 71 50
    15 50,989 71 50
    16 51,060 71 50
    17 51,132 72 50
    18 51,203 72 50
    19 51,275 72 50
    20 51,347 72 50
    TOTAL $1,419 $993
  • 2
    LOCAL CD
    Online Bank
    -
    $50,000
    12 Month
    4.15%
    9.63x (National Avg. - 0.43%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.15%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,075 1,453
    2 52,075 2,161 1,513
    3 54,236 2,251 1,576
    4 56,487 2,344 1,641
    5 58,831 2,441 1,709
    6 61,273 2,543 1,780
    7 63,815 2,648 1,854
    8 66,464 2,758 1,931
    9 69,222 2,873 2,011
    10 72,095 2,992 2,094
    11 75,087 3,116 2,181
    12 78,203 3,245 2,272
    13 81,448 3,380 2,366
    14 84,828 3,520 2,464
    15 88,349 3,666 2,567
    16 92,015 3,819 2,673
    17 95,834 3,977 2,784
    18 99,811 4,142 2,900
    19 103,953 4,314 3,020
    20 108,267 4,493 3,145
    TOTAL $62,760 $43,932
  • 3
    LOCAL CD
    Online Bank
    -
    $50,000
    24 Month
    4.30%
    7.80x (National Avg. - 0.55%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,150 1,505
    2 52,150 2,242 1,570
    3 54,392 2,339 1,637
    4 56,731 2,439 1,708
    5 59,171 2,544 1,781
    6 61,715 2,654 1,858
    7 64,369 2,768 1,938
    8 67,137 2,887 2,021
    9 70,024 3,011 2,108
    10 73,035 3,140 2,198
    11 76,175 3,276 2,293
    12 79,451 3,416 2,391
    13 82,867 3,563 2,494
    14 86,430 3,717 2,602
    15 90,147 3,876 2,713
    16 94,023 4,043 2,830
    17 98,066 4,217 2,952
    18 102,283 4,398 3,079
    19 106,681 4,587 3,211
    20 111,268 4,785 3,349
    TOTAL $66,053 $46,237
  • 4
    LOCAL CD
    Online Bank
    -
    $50,000
    60 Month
    4.40%
    5.45x (National Avg. - 0.81%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.40%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,200 1,540
    2 52,200 2,297 1,608
    3 54,497 2,398 1,679
    4 56,895 2,503 1,752
    5 59,398 2,614 1,829
    6 62,012 2,729 1,910
    7 64,740 2,849 1,994
    8 67,589 2,974 2,082
    9 70,563 3,105 2,173
    10 73,667 3,241 2,269
    11 76,909 3,384 2,369
    12 80,293 3,533 2,473
    13 83,825 3,688 2,582
    14 87,514 3,851 2,695
    15 91,364 4,020 2,814
    16 95,384 4,197 2,938
    17 99,581 4,382 3,067
    18 103,963 4,574 3,202
    19 108,537 4,776 3,343
    20 113,313 4,986 3,490
    TOTAL $68,299 $47,809