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 216th largest bank in the state of Minnesota. It is also the 4,504th largest bank in the nation. It was established in 1930 and as of June of 2020, it had grown to 19 employees at 3 locations. Heritage Bank (MN) has a B+ health rating.

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+
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
Employees19
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.1%
Return on Equity - YTD1.07%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$65.3MM$54.2MM
LoansQ2 2020vs Q2 2019$44.2MM$44.4MM
DepositsQ2 2020vs Q2 2019$55.6MM$44.6MM
Equity CapitalQ2 2020vs Q2 2019$5.7MM$5.6MM
Loan Loss AllowanceQ2 2020vs Q2 2019$573.00K$623.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$594.00K$327.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
Report an Issue

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
0.10%$100-Business Passbook Savings

Heritage Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-Money Market Savings
OTHER TIERS: 0.10% Up to $2.5k | 0.12% $2.5k - $10k | 0.15% $10k - $25k
0.20%*$25k*-Business Money Market Savings
OTHER TIERS: 0.10% Up to $2.5k | 0.12% $2.5k - $10k | 0.15% $10k - $25k

Heritage Bank (MN) Checking Account Rates

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

Heritage Bank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$250-60 Month Fixed CD
0.75%$250-Business 60 Month Fixed CD
0.65%$250-48 Month Fixed CD
0.65%$250-Business 48 Month Fixed CD
0.55%$250-36 Month Fixed CD
0.55%$250-Business 36 Month Fixed CD
0.45%$250-30 Month Fixed CD
0.45%$250-Business 30 Month Fixed CD
0.40%$250-24 Month Fixed CD
0.40%$250-Business 24 Month Fixed CD
0.35%$250-18 Month Fixed CD
0.35%$250-Business 18 Month Fixed CD
0.25%$250-12 Month Fixed CD
0.25%$250-Business 12 Month Fixed CD
0.15%$250-3 Month Fixed CD
0.15%$250-6 Month Fixed CD
0.15%$250-Business 3 Month Fixed CD
0.15%$250-Business 6 Month Fixed CD

Heritage Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$250-60 Month Fixed IRA
0.75%$250-Business 60 Month Fixed IRA
0.65%$250-48 Month Fixed IRA
0.65%$250-Business 48 Month Fixed IRA
0.55%$250-36 Month Fixed IRA
0.55%$250-Business 36 Month Fixed IRA
0.45%$250-30 Month Fixed IRA
0.45%$250-Business 30 Month Fixed IRA
0.40%$250-24 Month Fixed IRA
0.40%$250-Business 24 Month Fixed IRA
0.35%$250-18 Month Fixed IRA
0.35%$250-Business 18 Month Fixed IRA
0.25%$250-12 Month Fixed IRA
0.25%$250-Business 12 Month Fixed IRA
0.15%$250-3 Month Fixed IRA
0.15%$250-6 Month Fixed IRA
0.15%$250-Business 3 Month Fixed IRA
0.15%$250-Business 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
Northfield Branch1520 Clinton LaneNorthfield, MN 55057

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.