Heritage Bank & Trust
Salt Lake County, UT
$17.6M
total assets, March 31, 1987
$17.6M
total assets, March 31, 1987
Heritage Bank & Trust was a state member bank in Salt Lake County, UT. It failed on Apr 29, 1987, and First Interstate BK Of U took over its deposits. At its last report it held $17.6 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1987
This bank failed
- Failed on
- Apr 29, 1987
- Assets
- $17.6M
- Deposits
- $16.2M
- Estimated cost
- $110K
- Deposits went to
- First Interstate BK Of U, Salt Lake City, UT
Total assets
$17.6M
+11.2% in a year · +1.8% in a quarter
Deposits
$16.2M
+11.8% in a year · +2.3% in a quarter
Loans
$13.8M
+27.2% in a year · +2.7% in a quarter
Profit so far
$4K
Jan 1 to Mar 31, 1987 · -88.2% in a year
Capital ratio
7.86%
-0.63 pts in a year
Return on assets
0.09%
-0.79 pts in a year
Facts
- Type
- State member bank
- Head office
- 4136 South 1775 West, Salt Lake County, UT, 84119
- County
- Salt Lake
- Established
- Nov 7, 1977
- Failed
- Apr 29, 1987
- Employees
- 15
- Id
- b22548
Quarter by quarter
March 31, 1984 to March 31, 1987
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Heritage Bank & Trust?
$17.6 million in total assets and $16.2 million in deposits as of March 31, 1987, with assets up 11.2% from a year before. Its loans were $13.8 million.
Is Heritage Bank & Trust profitable?
Yes: it earned $4,000 from January 1 to March 31, 1987 (down 88.2% from the same months a year before). Its return on assets was 0.09% a year; about 1% is typical.
When did Heritage Bank & Trust fail?
Apr 29, 1987. First Interstate BK Of U of Salt Lake City, UT took over its deposits. The estimated cost of the failure was $109,734.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.