Heritage Bank (MN)

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
1.26%	5-year CD	3.00% - Goldman Sachs Bank USA High-yield 5 Year CD
0.25%	1-year CD	2.70% - Goldman Sachs Bank USA High-yield 12 Month CD
0.10%	Savings	2.20% - Barclays Online Savings Account

View all Heritage Bank (MN) rates »

Overview / Commentary

fsbmn.com

507-527-2236

181 Main Street
West Concord, MN 55985

Heritage Bank (MN) is headquartered in West Concord and is the 232^nd largest bank in the state of Minnesota. It is also the 4,882^nd largest bank in the nation. It was established in 1930 and as of December of 2018, it had grown to 12 employees at 2 locations. Heritage Bank (MN) has an A health rating.

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Health

Data as of Q4 2018

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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 Established	1930
Employees	12
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.81%
Return on Equity - YTD	7.74%
Annual Interest Income	$2.2MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$53.5MM$50.0MM
Loans	Q4 2018vs Q4 2017	$41.1MM$36.8MM
Deposits	Q4 2018vs Q4 2017	$48.1MM$44.7MM
Equity Capital	Q4 2018vs Q4 2017	$5.4MM$5.3MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$608.00K$556.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$17.00K$20.00K
Real Estate Owned	Q4 2018vs Q4 2017	$0$0

Rates

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Heritage Bank (MN) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%	$250	-	Variable IRA
0.10%	$100	-	Passbook Savings
0.10%	-	-	Youth Savings Account

Heritage Bank (MN) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	-	$10k	Money Market Savings
OTHER TIERS: 0.10% → $100k+ \| 0.12% → $25k - $100k \| 0.15% → $10k - $25k

Heritage Bank (MN) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	Interest Checking
0.05%	-	-	Premium Checking

Heritage Bank (MN) CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Concord	181 Main Street	West Concord, MN 55985
Dennison Branch	37470 First Ave. Court	Dennison, MN 55018

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