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Overview / Commentary
615 North Trivoli Road
Trivoli, IL 61569

Heritage Bank of Central Illinois is headquartered in Trivoli and is the 142nd largest bank in the state of Illinois. It is also the 2,237th largest bank in the nation. It was established in 1920 and as of December of 2013, it had grown to 83 employees at 6 locations. Heritage Bank of Central Illinois' money market rates are 14% higher than the national average, and it has a C+ health rating.

Reviews (1)

They Won't Contact You If Something Goes Wrong

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. 


Data for Q4 2013

Institution Health


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 December 31, 2013 Heritage Bank of Central Illinois had $8.38 million in non-current loans and owned real-estate with $37.76 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank of Central Illinois a Texas Ratio of 22.21% which is 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 of Central Illinois experienced no significant changes from 24.65% as of December 31, 2012 to 22.21% as of December 31, 2013, resulting in a positive change of 9.91%.This indicates that the balance sheet and financial strength for Heritage Bank of Central Illinois has had no significant changes in recent periods.

Deposit Growth


In the past year, Heritage Bank of Central Illinois has decreased its total deposits by -$10.69 million, resulting in -4.59% 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.



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 $288.74 million in assets with $37.76 million in equity, resulting in a capitalization level of 13.08%, which is excellent.

Institution Statistics

FDIC Certificate #12554
Year Established1920
Primary RegulatorFDIC
Assets and Liabilities
Assets$288.75 million
Loans$202.03 million
Deposits$222.27 million
Equity Capital$33.28 million
Loan Loss Allowance$4.49 million
Unbacked Noncurrent Loans$7.40 million
Real Estate Owned$981,000
Historic Data - December 2012
Assets$291.86 million
Equity Capital$34.27 million
Loan Loss Allowance$3.02 million
Unbacked Noncurrent Loans$7.40 million
Real Estate Owned$467,000
Profit Margin - Quarterly
Net Interest Margin3.58%
Return on Assets0.33%
Return on Equity2.82%
Interest Income$11.37 million

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Heritage Bank of Central Illinois Savings Account Rates

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

Heritage Bank of Central Illinois Money Market Rates

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

Heritage Bank of Central Illinois Checking Account Rates

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

Heritage Bank of Central Illinois CD Rates

1.20%$10k$100k60-Month CD
0.85%$10k$100k48-Month CD
0.75%$5k$100k36-Month CD
0.71%$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$100k9-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

1.20%$10k-60-Month Fixed Rate IRA
0.85%$10k-48-Month Fixed Rate IRA
0.75%$5k-36-Month Fixed Rate IRA
0.50%$2,500-24-Month Fixed Rate IRA
0.40%$2,500-18-Month Fixed Rate IRA
0.30%$2k-12-Month Fixed Rate IRA
0.20%$2k-6-Month Fixed Rate IRA

Heritage Bank of Central Illinois Locations
Hanna City Branch12223 W Farmington RoadHanna City, IL 61536
Peoria Branch3100 West Harmon HighwayPeoria, IL 61604
Willow Knolls Branch3420 W Willow Knolls DrivePeoria, IL 61614
East Peoria Branch410 N Main StreetEast Peoria, IL 61611
Prospect Branch4488 N Prospect RoadPeoria Heights, IL 61616
Heritage Bank Of Central Illinois615 North Trivoli RoadTrivoli, IL 61569