Heritage Bank

Heritage Bank is headquartered in Spicer and is the 39^th largest bank in the state of Minnesota. It is also the 1,929^th largest bank in the nation. It was established in 1964 and as of September of 2011, it had grown to 114 employees at 13 locations. Heritage Bank's savings rates are 25% higher than the national average, and it boasts a 5-star health rating.

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Data for Q3 2011

Institution Statistics Heritage Bank National Association FDIC Certificate # 19254 BankRate Report View Year Established 1964 Employees 114 Primary Regulator OCC Assets and Liabilities Assets $337.76 million Loans $230.09 million Deposits $271.20 million Equity Capital $44.14 million Loan Loss Allowance $4.23 million Unbacked Noncurrent Loans $5.04 million Real Estate Owned $313,000 Historic Data - September 2010 Assets $174.41 million Equity Capital $17.14 million Loan Loss Allowance $2.69 million Unbacked Noncurrent Loans $1.85 million Real Estate Owned $990,000 Profit Margin - Quarterly Net Interest Margin 4.56% Return on Assets 1.15% Return on Equity 10.72% Interest Income $11.77 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Heritage Bank had $5.36 million in non-current loans and owned real-estate with $48.37 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank a Texas Ratio of 11.08% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Heritage Bank decreased slightly from 17.37% as of September 30, 2010 to 11.08% as of September 30, 2011, resulting in a positive change of 36.25%.This indicates that the balance sheet and financial strength for Heritage Bank has improved slightly in recent periods. Deposit Growth In the past year, Heritage Bank has increased its total deposits by $125.65 million, resulting in 86.33% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Heritage Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Heritage Bank has $337.76 million in assets with $48.37 million in equity, resulting in a capitalization level of 14.32%, which is excellent.

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