Heritage Bank, Inc. is headquartered in ERLANGER and is the 10th largest bank in the state of Kentucky. It is also the 687th largest bank in the nation. It was established in 1990 and as of June of 2023, it had grown to 201 employees at 19 locations. Heritage Bank, Inc.'s money market rates are 10X the national average, and it has a B+ health rating.
I banked at Heritage Bank for many years in my early adulthood. They have several locations throughout Northern Kentucky, and have strong relationships with many local businesses. However, I personally used them for my personal checking and savings accounts.
The good points about Heritage Bank are that they have great customer service. The bank tellers and phone reps are always friendly and eager to help. The fees on checking and savings accounts are good and standard in the industry. There are many local Heritage Bank ATMs so you can withdraw cash without a fee.
However, ultimately, I had to withdraw most of my funds from Heritage Bank. This is because I was happier using online banks that will refund my ATM fees. That way I can use any ATM that is convenient for me and don’t have to drive to a specific ATM. Also, there was no real online or mobile banking capabilities at this bank. I preferred a bank that allowed me to conduct most banking transactions from my phone or computer.
Heritage Bank is a friendly and established local bank that is best for people who prefer face-to-face interactions with their bank, rather than online services.
Overall | |
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FDIC Certificate # | 33119 |
Year Established | 1990 |
Employees | 201 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1% |
Return on Equity - YTD | 20.34% |
Annual Interest Income | $34.2MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $1.58B$1.45B |
Loans | Q2 2023vs Q2 2022 | $988.7MM$789.2MM |
Deposits | Q2 2023vs Q2 2022 | $1.34B$1.34B |
Equity Capital | Q2 2023vs Q2 2022 | $81.1MM$75.9MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $13.6MM$12.0MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.1MM$1.8MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $420.00K$19.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | $100 | - | Savings Account | |
0.10% | - | - | IRA Savings Account | |
0.10% | $100 | - | Business Savings Account | |
0.10% | - | - | Business IRA Savings Account |