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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 204th largest bank in the state of Minnesota. It is also the 4,453rd largest bank in the nation. It was established in 1856 and as of December of 2019, 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 Q4 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 Established1856
Employees10
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD3.47%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$69.6MM$68.7MM
LoansQ4 2019vs Q4 2018$32.5MM$35.5MM
DepositsQ4 2019vs Q4 2018$60.8MM$60.4MM
Equity CapitalQ4 2019vs Q4 2018$8.6MM$8.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$250.00K$247.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$0$0
Real Estate OwnedQ4 2019vs Q4 2018$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Holiday Savings
0.15%--Traditional Savings
0.15%--Next Generation Savings

Root River State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.26%*$50k*-Heritage Money Market Savings
OTHER TIERS: 0.15% → Up to $2.5k | 0.17% → $2.5k - $10k | 0.20% → $10k - $25k | 0.23% → $25k - $50k

Root River State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.14%--Heritage Plus Checking
0.14%*$1.5k*-Generation 55 Checking
OTHER TIERS: 0.12% → $500 - $1.5k
0.14%*$2.5k*-Heritage Business Checking
OTHER TIERS: 0.12% → Up to $2.5k
0.12%--Heritage Interest Checking

Root River State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.61%$300-60 Month CD
1.46%$300-48 Month CD
1.26%$300-36 Month CD
1.06%$300-24 Month CD
1.06%$300-30 Month CD
1.06%--21 Month Certificate Renewal
0.95%$300-12 Month CD
0.95%$300-18 Month CD
0.95%--15 Month Certificate Renewal
0.60%$300-6 Month CD
0.50%$300-3 Month CD
Locations


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

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