Heritage Bank (MN) is headquartered in West Concord and is the 207th largest bank in the state of Minnesota. It is also the 4,190th largest bank in the nation. It was established in 1930 and as of June of 2022, it had grown to 16 employees at 3 locations. Heritage Bank (MN) has a B+ health rating.
Overall | |
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FDIC Certificate # | 8865 |
Year Established | 1930 |
Employees | 16 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.65% |
Return on Equity - YTD | 22.05% |
Annual Interest Income | $1.3MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $80.4MM$74.0MM |
Loans | Q2 2022vs Q2 2021 | $55.2MM$50.3MM |
Deposits | Q2 2022vs Q2 2021 | $75.1MM$64.5MM |
Equity Capital | Q2 2022vs Q2 2021 | $5.3MM$6.1MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $572.00K$567.00K |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $76.00K$34.00K |
Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.25% | $250 | - | Variable IRA | |
0.10% | $100 | - | Passbook Savings | |
0.10% | - | - | Youth Savings Account | |
0.10% | $100 | - | Business Passbook Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | - | - | Interest Checking | |
0.05% | - | - | Premium Checking | |
0.05% | - | - | Business Interest Checking |
Heritage Bank (MN) Locations | ||
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Farmers State Bank Of West Concord | 181 Main Street | West Concord, MN 55985 |
Dennison Branch | 37470 First Ave. Court | Dennison, MN 55018 |
Northfield Branch | 1520 Clinton Lane | Northfield, MN 55057 |