Root River State Bank

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 201^st largest bank in the state of Minnesota. It is also the 4,539^th largest bank in the nation. It was established in 1856 and as of June of 2019, it had grown to 10 employees at 1 location. Root River State Bank's CD rates are 29% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2019

Learn why bank health matters

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	0.4%
Return on Equity - YTD	3.28%
Annual Interest Income	$1.1MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$68.6MM$67.3MM
Loans	Q2 2019vs Q2 2018	$34.9MM$37.1MM
Deposits	Q2 2019vs Q2 2018	$59.8MM$59.3MM
Equity Capital	Q2 2019vs Q2 2018	$8.7MM$8.1MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$249.00K$246.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$0$8.00K
Real Estate Owned	Q2 2019vs Q2 2018	$0$0

Rates

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Savings
Money Market
Checking
CD

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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
0.30%	-	-	Holiday Savings
0.25%	-	-	Traditional Savings
0.25%	-	-	Next Generation Savings

Root River State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.36%^*	$50k^*	-	Heritage Money Market Savings
OTHER TIERS: 0.25% → Up to $2.5k \| 0.27% → $2.5k - $10k \| 0.30% → $10k - $25k \| 0.33% → $25k - $50k

Root River State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.24%	-	-	Heritage Plus Checking
0.24%^*	$1.5k^*	-	Generation 55 Checking
OTHER TIERS: 0.22% → $500 - $1.5k
0.24%^*	$2.5k^*	-	Heritage Business Checking
OTHER TIERS: 0.22% → Up to $2.5k
0.22%	-	-	Heritage Interest Checking

Root River State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.96%	$300	-	60 Month CD
1.71%	$300	-	48 Month CD
1.51%	$300	-	36 Month CD
1.26%	$300	-	24 Month CD
1.26%	$300	-	30 Month CD
1.26%	-	-	21 Month Certificate Renewal
1.16%	$300	-	12 Month CD
1.16%	$300	-	18 Month CD
1.16%	-	-	15 Month Certificate Renewal
0.90%	$300	-	6 Month CD
0.85%	$300	-	3 Month CD

Locations

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

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