Heritage Bank, Inc.


Overview / Commentary
859-342-0920
456 Commonwealth Avenue
Erlanger, KY 41018

Heritage Bank, Inc. is headquartered in Erlanger and is the 10th largest bank in the state of Kentucky. It is also the 717th largest bank in the nation. It was established in 1990 and as of June of 2022, it had grown to 199 employees at 19 locations. Heritage Bank, Inc. has an A health rating.

Reviews (1)

Heritage Bank best for those who want an in-person banking experience.

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.



Health

Health Grade Components

Overall
FDIC Certificate #33119
Year Established1990
Employees199
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD15.01%
Annual Interest Income$22.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.45B$1.39B
LoansQ2 2022vs Q2 2021$789.2MM$757.9MM
DepositsQ2 2022vs Q2 2021$1.34B$1.25B
Equity CapitalQ2 2022vs Q2 2021$75.9MM$107.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$12.0MM$11.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.8MM$1.0MM
Real Estate OwnedQ2 2022vs Q2 2021$19.00K$1.3MM
Rates

Rates for Heritage Bank, Inc. are currently being reviewed.

Locations

Availability



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