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 225^th largest bank in the state of Minnesota. It is also the 4,775^th 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

Data as of Q2 2019

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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	13
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.52%
Return on Equity - YTD	5%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$54.2MM$50.3MM
Loans	Q2 2019vs Q2 2018	$44.4MM$38.5MM
Deposits	Q2 2019vs Q2 2018	$44.6MM$45.1MM
Equity Capital	Q2 2019vs Q2 2018	$5.6MM$5.3MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$623.00K$588.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$327.00K$34.00K
Real Estate Owned	Q2 2019vs Q2 2018	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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

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%^*	$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

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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