Heritage Bank (MN)

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LOCATIONS

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

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Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

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Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

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Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

heritagebankmn.com

507-527-2236

181 Main Street
West Concord, MN 55985

Heritage Bank (MN) is headquartered in WEST CONCORD and is the 165^th largest bank in the state of Minnesota. It is also the 3,769^th largest bank in the nation. It was established in 1930 and as of March of 2025, it had grown to 16 employees at 3 locations. Heritage Bank (MN) has a B+ health rating.

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Health

B+

Data as of Q1 2025

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Health Grade Components

Overall
FDIC Certificate #	8865
Year Established	1930
Employees	16
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.79%
Return on Equity - YTD	12.7%
Annual Interest Income	$1.4MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$105MM$101.9MM
Loans	Q1 2025vs Q1 2024	$82.2MM$78.5MM
Deposits	Q1 2025vs Q1 2024	$94.8MM$83.8MM
Equity Capital	Q1 2025vs Q1 2024	$6.6MM$6.1MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$812K$698K
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$279K$321K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Rates for Heritage Bank (MN) are currently being reviewed.

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
Northfield Branch	1520 Clinton Lane	Northfield, MN 55057

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