Heritage Bank & Trust

Heritage Bank & Trust is headquartered in Columbia and is the 148^th largest bank in the state of Tennessee. It is also the 4,490^th largest bank in the nation. It was established in 2006 and as of March of 2012, it had grown to 26 employees at 2 locations. Heritage Bank & Trust has a 2-star health rating.

Heritage Bank & Trust Routing Number: 064109057

Data for Q1 2012

Institution Statistics Heritage Bank & Trust FDIC Certificate # 58220 BankRate Report View Year Established 2006 Employees 26 Primary Regulator FDIC Assets and Liabilities Assets $119.00 million Loans $87.80 million Deposits $109.01 million Equity Capital $7.21 million Loan Loss Allowance $4.91 million Unbacked Noncurrent Loans $11.28 million Real Estate Owned $3.07 million Historic Data - March 2011 Assets $130.50 million Equity Capital $6.61 million Loan Loss Allowance $7.56 million Unbacked Noncurrent Loans $13.62 million Real Estate Owned $1.44 million Profit Margin - Quarterly Net Interest Margin 4.1% Return on Assets 0.07% Return on Equity 1.11% Interest Income $1.43 million

Institution Health Overall Score: 2 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 & Trust had $14.35 million in non-current loans and owned real-estate with $12.12 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank & Trust a Texas Ratio of 118.33% 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 & Trust held steady from 106.27% as of March 31, 2011 to 118.33% as of March 31, 2012, resulting in a negative change of 11.34%. This indicates that the balance sheet and financial strength for Heritage Bank & Trust has held steady in recent periods. Deposit Growth In the past year, Heritage Bank & Trust has decreased its total deposits by -$11.84 million, resulting in -9.8% 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 & Trust has shown is poor. 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 & Trust has $119 million in assets with $12.12 million in equity, resulting in a capitalization level of 10.19%, which is above average.

No reviews have been left for this bank yet. Be the first to review.