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 1.50% - Ally Bank No Penalty 11-Month CD
0.05%	Savings	Next Generation Savings 1.15% - CIT Bank Spring 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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* 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

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