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Overview / Commentary
18 3rd Street, S. E.
Chatfield, MN 55923

Root River State Bank is headquartered in Chatfield and is the 216th largest bank in the state of Minnesota. It is also the 4,795th largest bank in the nation. It was established in 1856 and as of March of 2018, it had grown to 10 employees at 1 location. Root River State Bank has a B+ health rating.


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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

FDIC Certificate #1098
Year Established1856
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD3.11%
Annual Interest Income$528.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$66.6MM$68.6MM
LoansQ1 2018vs Q1 2017$36.2MM$36.5MM
DepositsQ1 2018vs Q1 2017$58.3MM$60.0MM
Equity CapitalQ1 2018vs Q1 2017$8.2MM$8.0MM
Loan Loss AllowanceQ1 2018vs Q1 2017$245.00K$243.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$0$0
Real Estate OwnedQ1 2018vs Q1 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Root River State Bank Savings Account Rates

0.25%--Holiday Savings
0.15%--Traditional Savings
0.15%--Next Generation Savings

Root River State Bank Money Market Rates

0.26%*$50k*-Heritage Money Market Savings
OTHER TIERS: 0.15% Up to $2,500 | 0.17% $2,500 - $10k | 0.20% $10k - $25k | 0.23% $25k - $50k

Root River State Bank Checking Account Rates

0.20%*$500*$1,500Generation 55 Checking
OTHER TIERS: 0.14% $1,500+
0.14%--Heritage Plus Checking
0.14%*$2,500*-Heritage Business Checking
OTHER TIERS: 0.12% Up to $2,500
0.12%--Heritage Interest Checking

Root River State Bank CD Rates

1.45%$300-60 Month CD
1.21%$300-48 Month CD
1.00%$300-36 Month CD
0.75%$300-24 Month CD
0.75%$300-30 Month CD
0.75%--21 Month Certificate Renewal
0.65%$300-12 Month CD
0.65%$300-18 Month CD
0.65%--15 Month Certificate Renewal
0.50%$300-6 Month CD
0.45%$300-3 Month CD

Root River State Bank Locations
Root River State Bank18 3rd Street, S. E.Chatfield, MN 55923

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