Heritage Bank (IA)


Overview / Commentary
319-373-5400
695 Marion Boulevard
Marion, IA 52302

Heritage Bank (IA) is headquartered in MARION and is the 227th largest bank in the state of Iowa. It is also the 4,336th largest bank in the nation. It was established in 1899 and as of December of 2024, it had grown to 8 employees at 3 locations. Heritage Bank (IA) has a C+ health rating.

Reviews

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Health
C+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Heritage Bank (IA) has a low asset base, and a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #18463
Year Established1899
Employees8
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.59%
Return on Equity - YTD-12.41%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$40.6MM$41.6MM
LoansQ4 2024vs Q4 2023$19.6MM$19.4MM
DepositsQ4 2024vs Q4 2023$35.4MM$37MM
Equity CapitalQ4 2024vs Q4 2023$1.9MM$2MM
Loan Loss AllowanceQ4 2024vs Q4 2023$179K$164K
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$0$36K
Real Estate OwnedQ4 2024vs Q4 2023$0$0
Rates

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Locations


Heritage Bank (IA) Locations
Hiawatha Branch2250 Blairs Ferry RoadHiawatha, IA 52233
Delhi Branch402 FranklinDelhi, IA 52223
Heritage Bank695 Marion BlvdMarion, IA 52302

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