Heritage Bank of Central Illinois is headquartered in Trivoli and is the 135th largest bank in the state of Illinois. It is also the 2,168th largest bank in the nation. It was established in 1920 and as of September of 2013, it had grown to 82 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.
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.
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 September 30, 2013 Heritage Bank of Central Illinois had $14.17 million in non-current loans and owned real-estate with $38.1 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank of Central Illinois a Texas Ratio of 37.20% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Heritage Bank of Central Illinois held steady from 37.16% as of September 30, 2012 to 37.20% as of September 30, 2013, resulting in a negative change of 0.11%. This indicates that the balance sheet and financial strength for Heritage Bank of Central Illinois has held steady in recent periods.
In the past year, Heritage Bank of Central Illinois has decreased its total deposits by -$29.01 million, resulting in -11.19% 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 poor.
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 $296.35 million in assets with $38.1 million in equity, resulting in a capitalization level of 12.86%, which is excellent.
|FDIC Certificate #||12554|
|Assets and Liabilities|
|Equity Capital||$34.27 million|
|Loan Loss Allowance||$3.83 million|
|Unbacked Noncurrent Loans||$13.39 million|
|Real Estate Owned||$780,000|
|Historic Data - September 2012|
|Equity Capital||$36.06 million|
|Loan Loss Allowance||$4.08 million|
|Unbacked Noncurrent Loans||$13.39 million|
|Real Estate Owned||$597,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.56%|
|Return on Assets||0.42%|
|Return on Equity||3.63%|
|Interest Income||$8.53 million|
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|0.10%||-||-||Cash Management Account|
|0.50%||$100k||-||Business Money Market|
|0.10%||$10k||-||Business Interest Checking|
|0.05%||$1,500||-||Community Checking Account|
|0.05%||$50||-||Heritage 55+ Club Checking|
|0.55%||$5k||$100k||30-Month Opt-Up CD|
|0.25%||$5k||-||9-Month Special CD|
|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|
|Heritage Bank of Central Illinois Locations|
|Hanna City Branch||12223 W Farmington Road||Hanna City, IL 61536|
|Peoria Branch||3100 West Harmon Highway||Peoria, IL 61604|
|Willow Knolls Branch||3420 W Willow Knolls Drive||Peoria, IL 61614|
|East Peoria Branch||410 N Main Street||East Peoria, IL 61611|
|Prospect Branch||4488 N Prospect Road||Peoria Heights, IL 61616|
|Heritage Bank Of Central Illinois||615 North Trivoli Road||Trivoli, IL 61569|