Root River State Bank

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.10%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.30%	1-year CD	12 Month CD 1.40% - Synchrony Bank 12 Month CD
0.05%	Savings	Next Generation Savings 1.20% - Goldman Sachs Bank USA Online Savings

View all Root River State Bank rates »

Overview / Commentary

www.rrsbchatfield.com

507-867-4120

18 3rd Street, S. E.
Chatfield, MN 55923

Root River State Bank is headquartered in Chatfield and is the 211^th largest bank in the state of Minnesota. It is also the 4,935^th largest bank in the nation. It was established in 1856 and as of March of 2017, it had grown to 10 employees at 1 location. Root River State Bank has a B+ health rating.

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Health

B+

Data as of Q1 2017

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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. Root River State Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	1098
Year Established	1856
Employees	10
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.53%
Return on Equity - YTD	4.58%
Annual Interest Income	$534.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$68.6MM$67.7MM
Loans	Q1 2017vs Q1 2016	$36.5MM$33.8MM
Deposits	Q1 2017vs Q1 2016	$60.0MM$59.7MM
Equity Capital	Q1 2017vs Q1 2016	$8.0MM$7.8MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$243.00K$238.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$0$0
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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Root River State Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	-	-	Holiday Savings
0.05%	-	-	Traditional Savings
0.05%	-	-	Next Generation Savings

Root River State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.16%^*	$50k^*	-	Heritage Money Market Savings
OTHER TIERS: 0.05% → Up to $2,500 \| 0.07% → $2,500 - $10k \| 0.10% → $10k - $25k \| 0.13% → $25k - $50k

Root River State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.07%	-	-	Heritage Plus Checking
0.07%^*	$1,500^*	-	Generation 55 Checking
OTHER TIERS: 0.05% → $500 - $1,500
0.07%^*	$2,500^*	-	Heritage Business Checking
OTHER TIERS: 0.05% → Up to $2,500
0.05%	-	-	Heritage Interest Checking

Root River State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.10%	$300	-	60 Month CD
0.85%	$300	-	48 Month CD
0.65%	$300	-	36 Month CD
0.40%	$300	-	24 Month CD
0.40%	$300	-	30 Month CD
0.40%	-	-	21 Month Certificate Renewal
0.30%	$300	-	12 Month CD
0.30%	$300	-	18 Month CD
0.30%	-	-	15 Month Certificate Renewal
0.15%	$300	-	6 Month CD
0.10%	$300	-	3 Month CD

Locations

Root River State Bank Locations
Root River State Bank	18 3rd Street, S. E.	Chatfield, MN 55923