Heritage Bank (MN)


Overview / Commentary
507-527-2236
181 Main Street
West Concord, MN 55985

Heritage Bank (MN) is headquartered in West Concord and is the 225th largest bank in the state of Minnesota. It is also the 4,775th largest bank in the nation. It was established in 1930 and as of June of 2019, it had grown to 13 employees at 2 locations. Heritage Bank (MN) has a B health rating.

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Health
Additional 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 (MN) has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #8865
Year Established1930
Employees13
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD5%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$54.2MM$50.3MM
LoansQ2 2019vs Q2 2018$44.4MM$38.5MM
DepositsQ2 2019vs Q2 2018$44.6MM$45.1MM
Equity CapitalQ2 2019vs Q2 2018$5.6MM$5.3MM
Loan Loss AllowanceQ2 2019vs Q2 2018$623.00K$588.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$327.00K$34.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Heritage Bank (MN); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Heritage Bank (MN) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$250-Variable IRA
0.10%$100-Passbook Savings
0.10%--Youth Savings Account

Heritage Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Money Market Savings
OTHER TIERS: 0.10% Up to $10k | 0.12% $10k - $25k | 0.15% $25k - $100k

Heritage Bank (MN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Interest Checking
0.05%--Premium Checking

Heritage Bank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.03%$250-36 Month Fixed CD
1.26%$250-60 Month Fixed CD
1.00%$250-48 Month Fixed CD
0.45%$250-30 Month Fixed CD
0.40%$250-24 Month Fixed CD
0.35%$250-18 Month Fixed CD
0.25%$250-12 Month Fixed CD
0.15%$250-3 Month Fixed CD
0.15%$250-6 Month Fixed CD

Heritage Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.03%$250-36 Month Fixed IRA
1.26%$250-60 Month Fixed IRA
1.00%$250-48 Month Fixed IRA
0.45%$250-30 Month Fixed IRA
0.40%$250-24 Month Fixed IRA
0.35%$250-18 Month Fixed IRA
0.25%$250-12 Month Fixed IRA
0.15%$250-3 Month Fixed IRA
0.15%$250-6 Month Fixed IRA
Locations


Heritage Bank (MN) Locations
Farmers State Bank Of West Concord181 Main StreetWest Concord, MN 55985
Dennison Branch37470 First Ave. CourtDennison, MN 55018

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