Heritage Bank, National Association (AZ)

Heritage Bank, National Association (AZ) Locations

4222 East Camelback Road, Suite J200
Phoenix, AZ 85018
602-840-3400
www.heritagebankaz.com

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Heritage Bank, National Association (AZ) is headquartered in Phoenix and is the 18^st largest bank in the state of Arizona. It is also the 4,900^th largest bank in the nation. It was established in 2006 and as of March of 2012, it had grown to 24 employees at 2 locations. Heritage Bank, National Association (AZ) has a 4-star health rating.

2.20% 3-Year CD And IRA CD At Heritage Bank In AZ (Forum) - 9/20/2010

Hertiage Bank N.A. is offering some fairly competitive long-term CD and IRA CD rates as of 9/20/10: 2.20% APY 3-year CD 2.45% APY 4-year CD 2.70% APY 5-year CD Minimum deposit if $5,000 ($250 for IRA CDs). It appears that a branch visit is requi

$50 Visa Gift Card Checking Account Bonus In Phoenix Area (Forum) - 6/6/2010

This looks like an easy $50 for those in the Phoenix area. Just open a checking account by July 2, 2010. I don't see any direct deposit requirement, and it appears their EZ Checking qualifies. Some of the important small print: We will report to the IR

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See Rates for: Checking | Savings | Money Market | CD | IRA

Heritage Bank, National Association (AZ) Checking Account Rates

Apy	Min	Max	Product
0.40%	$50k	-	Preferred Checking
0.35%	$50	-	Silver Checking
0.25%	$150	-	Business NOW Account
0.15%	$50	-	Direct Deposit

Heritage Bank, National Association (AZ) Savings Account Rates

Apy	Min	Max	Product
0.30%	-	-	Health Savings
0.20%	$100	-	Statement Savings
0.20%	$25	-	Minor Savings
0.20%	-	-	Heritage Business Savings

Heritage Bank, National Association (AZ) Money Market Rates

Apy	Min	Max	Product
0.60%	$100k	-	Money Market IRA
0.60%	$100k	-	Heritage Relationship MMA Personal
0.55%	$100k	-	Heritage Relationship MMA Business
0.15%	$10k	-	Personal Money Market
0.15%	$10k	-	Business Money Market

Heritage Bank, National Association (AZ) CD Rates

Apy	Min	Max	Product
0.50%	$5k	$95k	1 Year CD
0.50%	$5k	$95k	2 Year CD
0.50%	$5k	$95k	3 Year CD
0.50%	$5k	$95k	4 Year CD
0.50%	$5k	$95k	5 Year CD
0.50%	$5k	$95k	Business 1 Year CD
0.50%	$5k	$95k	Business 2 Year CD
0.50%	$5k	$95k	Business 3 Year CD
0.50%	$5k	$95k	Business 4 Year CD
0.50%	$5k	$95k	Business 5 Year CD
0.50%	$5k	$95k	Business 180-364 Day CD
0.25%	$95k	-	1 Year Jumbo CD
0.25%	$95k	-	2 Year Jumbo CD
0.25%	$95k	-	3 Year Jumbo CD
0.25%	$95k	-	4 Year Jumbo CD
0.25%	$95k	-	5 Year Jumbo CD
0.25%	$95k	-	Business 1 Year Jumbo CD
0.25%	$95k	-	Business 2 Year Jumbo CD
0.25%	$95k	-	Business 3 Year Jumbo CD
0.25%	$95k	-	Business 4 Year Jumbo CD
0.25%	$95k	-	Business 5 Year Jumbo CD
0.25%	$95k	-	Business 180-364 Day Jumbo CD
0.25%	$95k	-	Business 90-179 Day Jumbo CD

Heritage Bank, National Association (AZ) IRA Rates

Apy	Min	Max	Product
0.50%	$250	$95k	1 Year IRA
0.50%	$250	$95k	2 Year IRA
0.50%	$250	$95k	3 Year IRA
0.50%	$250	$95k	4 Year IRA
0.50%	$250	$95k	5 Year IRA
0.50%	$250	$95k	1 Year Roth IRA
0.50%	$250	$95k	2 Year Roth IRA
0.50%	$250	$95k	3 Year Roth IRA
0.50%	$250	$95k	4 Year Roth IRA
0.50%	$250	$95k	5 Year Roth IRA
0.25%	$95k	-	1 Year Jumbo IRA
0.25%	$95k	-	2 Year Jumbo IRA
0.25%	$95k	-	3 Year Jumbo IRA
0.25%	$95k	-	4 Year Jumbo IRA
0.25%	$95k	-	1 Year Jumbo Roth IRA
0.25%	$95k	-	2 Year Jumbo Roth IRA
0.25%	$95k	-	3 Year Jumbo Roth IRA
0.25%	$95k	-	4 Year Jumbo Roth IRA
0.25%	$95k	-	5 Year Jumbo IRA
0.25%	$95k	-	5 Year Jumbo Roth IRA

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Heritage Bank, National Association
FDIC Certificate #	58416
BankRate Report	View
Year Established	2006
Employees	24
Primary Regulator	OCC
Assets and Liabilities
Assets	$101.95 million
Loans	$75.14 million
Deposits	$78.87 million
Equity Capital	$12.45 million
Loan Loss Allowance	$2.07 million
Unbacked Noncurrent Loans	$776,000
Real Estate Owned	$1.19 million
Historic Data - March 2011
Assets	$121.08 million
Equity Capital	$15.04 million
Loan Loss Allowance	$2.82 million
Unbacked Noncurrent Loans	$7.45 million
Real Estate Owned	$3.42 million
Profit Margin - Quarterly
Net Interest Margin	4.16%
Return on Assets	1.14%
Return on Equity	9.5%
Interest Income	$1.30 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Heritage Bank, National Association (AZ) had $1.96 million in non-current loans and owned real-estate with $14.52 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank, National Association (AZ) a Texas Ratio of 13.52% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Heritage Bank, National Association (AZ) decreased significantly from 60.86% as of March 31, 2011 to 13.52% as of March 31, 2012, resulting in a positive change of 77.78%.This indicates that the balance sheet and financial strength for Heritage Bank, National Association (AZ) has improved significantly in recent periods.
Deposit Growth
In the past year, Heritage Bank, National Association (AZ) has decreased its total deposits by -$16.65 million, resulting in -17.43% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Heritage Bank, National Association (AZ) has shown is poor.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Heritage Bank, National Association (AZ) has $101.95 million in assets with $14.52 million in equity, resulting in a capitalization level of 14.24%, which is excellent.