Root River State Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.45%	5-year CD	60 Month CD 2.03% - National Average
0.65%	1-year CD	12 Month CD 2.45% - Barclays 12 Month Online CD
0.15%	Savings	Next Generation Savings 1.80% - American Express National Bank High Yield Savings Account

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 208^th largest bank in the state of Minnesota. It is also the 4,719^th largest bank in the nation. It was established in 1856 and as of June of 2018, it had grown to 11 employees at 1 location. Root River State Bank has an A health rating.

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Health

A

Data as of Q2 2018

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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	11
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.38%
Return on Equity - YTD	3.13%
Annual Interest Income	$1.1MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$67.3MM$68.6MM
Loans	Q2 2018vs Q2 2017	$37.1MM$37.7MM
Deposits	Q2 2018vs Q2 2017	$59.3MM$57.8MM
Equity Capital	Q2 2018vs Q2 2017	$8.1MM$8.2MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$246.00K$244.00K
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$8.00K$0
Real Estate Owned	Q2 2018vs Q2 2017	$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
0.25%	-	-	Holiday Savings
0.15%	-	-	Traditional Savings
0.15%	-	-	Next Generation Savings

Root River State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME
0.20%^*	$500^*	$1.5k	Generation 55 Checking
OTHER TIERS: 0.14% → $1.5k+
0.14%	-	-	Heritage Plus Checking
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

APY	MIN	MAX	ACCOUNT NAME
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

Locations

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

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