1 star ratingAverage User Rating:
1 star rating based on 1 review.

Heritage Bank of Central Illinois

Heritage Bank of Central Illinois Locations
615 North Trivoli Road
Trivoli, IL 61569
309.362.2139
www.heritage-bnk.com

FDIC

Heritage Bank of Central Illinois is headquartered in Trivoli and is the 146th largest bank in the state of Illinois. It is also the 2,236th largest bank in the nation. It was established in 1920 and as of December of 2012, it had grown to 89 employees at 6 locations. Heritage Bank of Central Illinois' money market rates are 14% higher than the national average, and it has a 4-star health rating.

Heritage Bank of Central Illinois Routing Number: 071116295



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

Heritage Bank of Central Illinois Checking Account Rates

ApyMinMaxProduct
0.20%$25k-Super Checking
0.10%$10k-Business Interest Checking
0.05%$1,500-Community Checking Account
0.05%$50-Heritage 55+ Club Checking
0.05%$50-Advantage Checking

Heritage Bank of Central Illinois Savings Account Rates

ApyMinMaxProduct
0.30%$250k-Business Savings
0.25%$50k-Super Savings
0.10%$5k-Smart Saver
0.10%--Cash Management Account
0.05%$50-Regular Savings

Heritage Bank of Central Illinois Money Market Rates

ApyMinMaxProduct
0.50%$100k-Business Money Market
0.50%$50k-Money Market

Heritage Bank of Central Illinois CD Rates

ApyMinMaxProduct
1.20%$10k$100k60-Month CD
0.85%$10k$100k48-Month CD
0.75%$5k$100k36-Month CD
0.55%$5k$100k30-Month Opt-Up CD
0.50%$2,500$100k24-Month CD
0.40%$2,500$100k18-Month CD
0.30%$2,500$100k12-Month CD
0.25%$5k-9-Month Special CD
0.20%$2,500$100k6-Month CD
0.10%$5k$100k91-Day CD
0.05%$10k$100k31-Day CD

Heritage Bank of Central Illinois IRA Rates

ApyMinMaxProduct
1.20%$500-60-Month Fixed Rate IRA
0.85%$500-48-Month Fixed Rate IRA
0.75%$500-36-Month Fixed Rate IRA
0.50%$500-24-Month Fixed Rate IRA
0.40%$500-18-Month Fixed Rate IRA
0.30%$1k-12-Month Fixed Rate IRA
0.20%$2,500-6-Month Fixed Rate IRA

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


Heritage Bank of Central Illinois
FDIC Certificate #12554
BankRate ReportView
Year Established1920
Employees89
Primary RegulatorFDIC

Assets and Liabilities

Assets$291.86 million
Loans$205.10 million
Deposits$232.96 million
Equity Capital$34.27 million
Loan Loss Allowance$3.02 million
Unbacked Noncurrent Loans$8.72 million
Real Estate Owned$467,000

Historic Data - December 2011

Assets$314.59 million
Equity Capital$34.94 million
Loan Loss Allowance$4.14 million
Unbacked Noncurrent Loans$11.60 million
Real Estate Owned$246,000

Profit Margin - Quarterly

Net Interest Margin3.66%
Return on Assets0.37%
Return on Equity3.24%
Interest Income$12.69 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 December 31, 2012 Heritage Bank of Central Illinois had $9.19 million in non-current loans and owned real-estate with $37.29 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank of Central Illinois a Texas Ratio of 24.65% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Heritage Bank of Central Illinois decreased slightly from 30.32% as of December 31, 2011 to 24.65% as of December 31, 2012, resulting in a positive change of 18.70%.This indicates that the balance sheet and financial strength for Heritage Bank of Central Illinois has improved slightly in recent periods.
Deposit Growth2
In the past year, Heritage Bank of Central Illinois has decreased its total deposits by -$9 million, resulting in -3.72% 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 of Central Illinois has shown is below 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 of Central Illinois has $291.86 million in assets with $37.29 million in equity, resulting in a capitalization level of 12.78%, which is excellent.
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They Won't Contact You If Something Goes Wrong
1 stars - wolffamily - Tuesday, November 20, 2012 - 9:46 AM

We had a horrible experience with Heritage Bank of Central Illinois.  When a fraudulent charge was made on our account, and was overdrawn as a result, they did not contact us, even after closing our account and selling us to a collection agency.  No phone call, no email.  When asked why they couldn't send a phone call, even a prerecorded message like my other banks, they replyed that they have so many customers with problems that they don't have the time or resources to contact all of them when their account has a problem.  Apparently for them it is easier to sell your debit to a collection agency, than to make a phone call. Or howabout an automaticly generated email?  It would be SO easy for them to impliment a system like that. 

You would think that a smaller bank would have more personal customer service, but this one is actually worse than the large banks. 

2
 
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