Root River State Bank

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

Root River State Bank is headquartered in CHATFIELD and is the 191st largest bank in the state of Minnesota. It is also the 4,019th largest bank in the nation. It was established in 1856 and as of September of 2023, it had grown to 10 employees at 1 location. Root River State Bank's money market rates are 70% higher than the national average, and it has a B health rating.


No reviews have been left for this bank yet. Be the first to review.

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 - YTD0.22%
Return on Equity - YTD4.46%
Annual Interest Income$2MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$84.8MM$84.9MM
LoansQ3 2023vs Q3 2022$30.7MM$31.3MM
DepositsQ3 2023vs Q3 2022$80.8MM$80.8MM
Equity CapitalQ3 2023vs Q3 2022$3.7MM$4MM
Loan Loss AllowanceQ3 2023vs Q3 2022$249K$254K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$0$0
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Root River State Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

0.50%--Holiday Savings
0.35%--Traditional Savings
0.35%--Next Generation Savings

Root River State Bank Money Market Rates

0.75%*$50k*-Heritage Money Market Savings
OTHER TIERS: 0.35% Up to $2.5k | 0.45% $2.5k - $10k | 0.55% $10k - $25k | 0.65% $25k - $50k

Root River State Bank Checking Account Rates

0.25%--Heritage Plus Checking
0.25%*$1.5k*-Generation 55 Checking
OTHER TIERS: 0.20% $500 - $1.5k
0.25%*$2.5k*-Heritage Business Checking
OTHER TIERS: 0.20% Up to $2.5k
0.20%--Heritage Interest Checking

Root River State Bank CD Rates

2.35%$300-60 Month CD
2.10%$300-48 Month CD
1.85%$300-36 Month CD
1.60%$300-24 Month CD
1.60%$300-30 Month CD
1.40%$300-12 Month CD
1.40%$300-18 Month CD
1.00%$300-6 Month CD
0.90%$300-3 Month CD

Root River State Bank Locations
Root River State Bank18 3rd St SeChatfield, MN 55923

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.