Heartland State Bank
Redfield, SD
IDRSSD: 135854
Total Assets
$155.69M
Latest filing
Total Deposits
$116.83M
Latest filing
Net Interest Margin
5.06%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Heartland State Bank
302 E 7th Ave
Redfield, SD 57469
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/01/1909FDIC Certificate 5753
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Heartland State Bank (Main) | 302 E 7th Ave | Redfield, SD |
| TULARE BRANCH | 109 Main Street | Tulare, SD |
| HIGHMORE BRANCH | 112 Commercial Ave Se | Highmore, SD |
| WESSINGTON BRANCH | 165 Wessington St S | Wessington, SD |
Showing 3 of 3
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 01/01/1909 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 57469 |
| State and County Number | 46115 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 23 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.hsbsd.com |
| Data Updated | 11/14/2025 |
| CERT | 9007 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $155.69M |
| Total Deposits | $116.83M |
| Total Liabilities | $141.79M |
| Total Equity Capital | $13.89M |
| Net Income | $1.02M |
| Net Loans and Leases | $111.58M |
| Assets Per Employee ($Millions) | $6.77M |
| Bank Premises and Fixed Assets | $1.41M |
| Cash and Balances due from Depository Institutions | $6.65M |
| Deposits Held in Domestic Offices | $116.83M |
Key Performance Ratios
| Return on Assets (ROA) | 2.68% |
| Return on Equity (ROE) | 29.74% |
| Net Interest Margin | 5.06% |
| Efficiency Ratio | 46.27% |
| Tier 1 Risk-Based Capital Ratio | 11.31% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.925% |
| Earning Assets to total Assets | 91.66% |
Income and Expense
| Total Interest Income | $2.36M |
| Total Noninterest Income | $228.00k |
| Total Interest Expense | $581.00k |
| Total Noninterest Expense | $930.00k |
| Net Interest Income | $1.78M |
| Pre-tax Net Operating Income | $1.08M |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $21.78M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $2.17M |
| All Other Liabilities | $1.01M |
| Total Liabilities and Capital | $155.69M |
Securities
| Securities | $29.67M |
| Available-for-sale debt securities | $28.91M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $760.00k |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Heartland State Bank?
$155.69M as of the latest filing.
How much are Heartland State Bank's total deposits?
$116.83M in total deposits.
Where is Heartland State Bank located?
Redfield, SD.
What is the Net Interest Margin?
5.06%.
How many domestic offices does it operate?
4.
When was it established?
01/01/1909.
What is the Return on Assets (ROA)?
2.68%.
How much are total loans and leases?
$111.58M (latest filing).
What is the total interest income (latest filing)?
$2.36M.