Overview / Commentary
507-527-2236
181 Main Street
West Concord, MN 55985

Heritage Bank (MN) is headquartered in West Concord and is the 232nd largest bank in the state of Minnesota. It is also the 4,882nd 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
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
Employees12
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD7.74%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$53.5MM$50.0MM
LoansQ4 2018vs Q4 2017$41.1MM$36.8MM
DepositsQ4 2018vs Q4 2017$48.1MM$44.7MM
Equity CapitalQ4 2018vs Q4 2017$5.4MM$5.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$608.00K$556.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$17.00K$20.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$250-Variable IRA
0.10%$100-Passbook Savings
0.10%--Youth Savings Account

Heritage Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*-$10kMoney Market Savings
OTHER TIERS: 0.10% $100k+ | 0.12% $25k - $100k | 0.15% $10k - $25k

Heritage Bank (MN) Checking Account Rates

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

Heritage Bank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Concord181 Main StreetWest Concord, MN 55985
Dennison Branch37470 First Ave. CourtDennison, MN 55018

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