Heritage Bank (NE)

Heritage Bank (NE) Locations
Main Street
Wood River, NE 68883
308.583.2262
www.bankonheritage.com

Heritage Bank (NE) is headquartered in Wood River and is the 11st largest bank in the state of Nebraska. It is also the 1,216st largest bank in the nation. It was established in 1884 and as of March of 2012, it had grown to 122 employees at 19 locations. Heritage Bank (NE) has a 5-star health rating.



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Heritage Bank (NE) CD Rates

ApyMinMaxProduct
1.10%--60 Month CD
1.05%--48 Month CD
0.95%--36 Month CD
0.70%--24 Month CD
0.45%--18 Month Step Up CD
0.40%--12 Month CD
0.25%--6 Month CD
0.15%--3 Month CD
0.10%--1 Month CD

Heritage Bank (NE) IRA Rates

ApyMinMaxProduct
1.10%--60 Month Roth IRA
1.10%--60 Month IRA
1.10%--60 Month SIMPLE IRA
1.10%--60 Month CESA
1.05%--48 Month Roth IRA
1.05%--48 Month IRA
1.05%--48 Month SIMPLE IRA
1.05%--48 Month CESA
0.95%--36 Month Roth IRA
0.95%--36 Month IRA
0.95%--36 Month SIMPLE IRA
0.95%--36 Month CESA
0.70%--24 Month Roth IRA
0.70%--24 Month IRA
0.70%--24 Month SIMPLE IRA
0.70%--24 Month CESA
0.45%--18 Month Step Up Roth IRA
0.45%--18 Month Step Up IRA
0.45%--18 Month Step Up SIMPLE IRA
0.45%--18 Month Step Up CESA
0.40%--12 Month Roth IRA
0.40%--12 Month IRA
0.40%--12 Month SIMPLE IRA
0.40%--12 Month CESA
0.25%--6 Month Roth IRA
0.25%--6 Month IRA
0.25%--6 Month SIMPLE IRA
0.25%--6 Month CESA
0.15%--3 Month Roth IRA
0.15%--3 Month IRA
0.15%--3 Month SIMPLE IRA
0.15%--3 Month CESA
0.10%--1 Month Roth IRA
0.10%--1 Month IRA
0.10%--1 Month SIMPLE IRA
0.10%--1 Month CESA

Rates updated: 5/25/2012

Data for Q1 2012


Institution Statistics


Heritage Bank
FDIC Certificate #17145
BankRate ReportView
Year Established1884
Employees122
Primary RegulatorFDIC

Assets and Liabilities

Assets$555.58 million
Loans$227.57 million
Deposits$398.78 million
Equity Capital$77.46 million
Loan Loss Allowance$4.12 million
Unbacked Noncurrent Loans$1.01 million
Real Estate Owned$64,000

Historic Data - March 2011

Assets$540.28 million
Equity Capital$65.95 million
Loan Loss Allowance$4.38 million
Unbacked Noncurrent Loans$1.37 million
Real Estate Owned$86,000

Profit Margin - Quarterly

Net Interest Margin3.48%
Return on Assets1.95%
Return on Equity13.96%
Interest Income$4.95 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 (NE) had $1.07 million in non-current loans and owned real-estate with $81.58 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank (NE) a Texas Ratio of 1.31% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Heritage Bank (NE) decreased slightly from 2.07% as of March 31, 2011 to 1.31% as of March 31, 2012, resulting in a positive change of 36.52%.This indicates that the balance sheet and financial strength for Heritage Bank (NE) has improved slightly in recent periods.
Deposit Growth4
In the past year, Heritage Bank (NE) has increased its total deposits by $7.05 million, resulting in 1.8% 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 (NE) has shown is above average.
Capitalization5
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 (NE) has $555.58 million in assets with $81.58 million in equity, resulting in a capitalization level of 14.68%, which is excellent.
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