Overview / Commentary
Heritage Bank (IA) is headquartered in Marion and is the 260th largest bank in the state of Iowa. It is also the 5,052nd largest bank in the nation. It was established in 1899 and as of June of 2019, it had grown to 7 employees at 3 locations. Heritage Bank (IA) has a C+ health rating.
Health
C+
Data as of Q2 2019
Learn why bank health mattersAdditional 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.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 18463 |
| Year Established | 1899 |
| Employees | 7 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.25% |
| Return on Equity - YTD | 2.59% |
| Annual Interest Income | $727.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $36.3MM$35.5MM |
| Loans | Q2 2019vs Q2 2018 | $19.3MM$20.6MM |
| Deposits | Q2 2019vs Q2 2018 | $31.9MM$31.3MM |
| Equity Capital | Q2 2019vs Q2 2018 | $3.7MM$3.2MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $120.00K$101.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $95.00K$101.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $539.00K$112.00K |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Heritage Bank (IA) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Savings Account |
Heritage Bank (IA) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.35%* | $10k* | - | Money Market Investment Account | ||
| OTHER TIERS: 0.15% → $2.5k - $10k | |||||
Heritage Bank (IA) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $500 | - | NOW Account |
Heritage Bank (IA) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.05%* | $25k* | - | 33 Month CD Special | ||
| OTHER TIERS: 1.85% → $1k - $25k | |||||
| 1.80%* | $25k* | - | 20 Month CD Special | ||
| OTHER TIERS: 1.60% → $1k - $25k | |||||
Locations
| Heritage Bank (IA) Locations | ||
|---|---|---|
| Hiawatha Branch | 2250 Blairs Ferry Road | Hiawatha, IA 52233 |
| Delhi Branch | 402 Franklin | Delhi, IA 52223 |
| Heritage Bank | 695 Marion Boulevard | Marion, IA 52302 |