Average User Rating:
5 star rating based on 1 review.

Heritage Bank of Florida

23000 State Road 54
Lutz, FL 33549
(813) 909-8663
www.heritagebankfl.com

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Heritage Bank of Florida is headquartered in Lutz and is the 102^nd largest bank in the state of Florida. It is also the 2,739^th largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 39 employees at 3 locations. Heritage Bank of Florida has a 1-star health rating.

Heritage Bank of Florida Routing Number: 063114742

2.50% 24-Month CD at Heritage Bank of Florida - Local Only - 12/3/2009

Heritage Bank of Florida continues to offer a very competitive 2.50% APY 2-year CD. Some other competitive CD rates include a 1.77% APY 9-month CD and a 2.22% APY 18-month CD. Minimum deposit is $500 for the 9-month CD and $1,000 for the longer terms....

3.05% 24-Month CD & Other High Rates Continue at Heritage Bank of Florida - Local Only - 6/12/2009

Heritage Bank of Florida continues to offer a very competitive 3.05% APY 2-year CD. The 3-year CD is also competitive with a 3.30% APY. Minimum deposit is $1,000. This is also available in an IRA. These CD rates are listed in the bank's rate table as of...

3.05% 24-Month CD & Other Competitive Rates at Heritage Bank of Florida - Local Only - 4/20/2009

Heritage Bank of Florida is offering a 24-month CD with a 3.05% APY. Minimum deposit is $1,000. This is also available in an IRA. This CD is listed in the bank's rate table as of 4/20/09.The bank also offers competitive rates for its money market and...

4.35% 14-Month CD at Heritage Bank of Florida - 11/26/2008

Heritage Bank of Florida is offering a 14-month CD with an APY of 4.35%. Minimum deposit is $1,000. This is also available in an IRA. This CD is listed in the bank's rate table as of 11/26/08. The bank also offers a checking account that pays 2.22% which...

2008

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

Heritage Bank of Florida Checking Account Rates

Apy	Min	Max	Product
0.10%	$100	-	Heritage Golden Eagle
0.10%	$100	-	Heritage Silver Eagle

Heritage Bank of Florida Savings Account Rates

Apy	Min	Max	Product
0.50%	$100	-	Personal Savings
0.50%	$1k	-	Business Savings

Heritage Bank of Florida Money Market Rates

	Apy	Min	Max	Product
	0.95%	$100k	-	Money Market Account

Heritage Bank of Florida CD Rates

Apy	Min	Max	Product
1.15%	$1k	-	2 Year CD
1.00%	$1k	-	18 Month CD
0.95%	$500	-	1 Year CD
0.40%	$500	-	3 Month CD
0.40%	$500	-	6 Month CD

Heritage Bank of Florida IRA Rates

Apy	Min	Max	Product
1.15%	$1k	-	2 Year IRA
1.00%	$1k	-	18 Month IRA
0.95%	$500	-	1 Year IRA
0.40%	$500	-	3 Month IRA
0.40%	$500	-	6 Month IRA

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Heritage Bank of Florida
FDIC Certificate #	35009
BankRate Report	View
Year Established	1999
Employees	39
Primary Regulator	FDIC
Assets and Liabilities
Assets	$234.27 million
Loans	$183.60 million
Deposits	$220.49 million
Equity Capital	$8.76 million
Loan Loss Allowance	$5.53 million
Unbacked Noncurrent Loans	$9.24 million
Real Estate Owned	$13.39 million
Historic Data - March 2011
Assets	$249.06 million
Equity Capital	$14.55 million
Loan Loss Allowance	$7.66 million
Unbacked Noncurrent Loans	$14.25 million
Real Estate Owned	$7.94 million
Profit Margin - Quarterly
Net Interest Margin	3.53%
Return on Assets	0%
Return on Equity	0%
Interest Income	$2.49 million

Institution Health

Overall Score:

1 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 of Florida had $22.63 million in non-current loans and owned real-estate with $14.29 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank of Florida a Texas Ratio of 158.33% which is poor. 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 Florida increased slightly from 99.95% as of March 31, 2011 to 158.33% as of March 31, 2012, resulting in a negative change of 58.41%. This indicates that the balance sheet and financial strength for Heritage Bank of Florida has declined slightly in recent periods.
Deposit Growth
In the past year, Heritage Bank of Florida has decreased its total deposits by -$9.22 million, resulting in -4.01% 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 Florida has shown is below average.
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 of Florida has $234.27 million in assets with $14.29 million in equity, resulting in a capitalization level of 6.10%, which is below average.

Great Friendly Service
5 stars

- rubenrod61 - Wednesday, March 14, 2012 - 8:31 AM

The staff is always very friendly and accomodating. Although it has been rated low on financial stability it continues to provide excellent service. Please continue to offer the friendly and courteous service that you have in past years.