Heritage Bank Minnesota
West Concord, MN
IDRSSD: 777254
Total Assets
$114.00M
Latest filing
Total Deposits
$100.56M
Latest filing
Net Interest Margin
3.95%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Heritage Bank Minnesota
181 Main St
West Concord, MN 55985
Full Service - Brick and Mortar
Updated 11/14/2025Established 06/02/1930FDIC Certificate 5659
Branches (2)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Heritage Bank Minnesota (Main) | 181 Main St | West Concord, MN |
| DENNISON BRANCH | 37470 1st Avenue Ct | Dennison, MN |
| NORTHFIELD BRANCH | 1520 Clinton Ln | Northfield, MN |
Showing 2 of 2
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 | 06/02/1930 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55985 |
| State and County Number | 27039 |
| 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 | Rochester, MN |
Operational Info
| Number of Employees | 17 |
| Domestic Offices | 3 |
| 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 | heritagebankmn.com |
| Data Updated | 11/14/2025 |
| CERT | 8865 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $114.00M |
| Total Deposits | $100.56M |
| Total Liabilities | $106.87M |
| Total Equity Capital | $7.13M |
| Net Income | $275.00k |
| Net Loans and Leases | $92.36M |
| Assets Per Employee ($Millions) | $6.71M |
| Bank Premises and Fixed Assets | $3.70M |
| Cash and Balances due from Depository Institutions | $2.28M |
| Deposits Held in Domestic Offices | $100.56M |
Key Performance Ratios
| Return on Assets (ROA) | 0.97% |
| Return on Equity (ROE) | 16.04% |
| Net Interest Margin | 3.95% |
| Efficiency Ratio | 71.88% |
| Tier 1 Risk-Based Capital Ratio | 9.962% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.13% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 6.255% |
| Earning Assets to total Assets | 91.8% |
Income and Expense
| Total Interest Income | $1.60M |
| Total Noninterest Income | $81.00k |
| Total Interest Expense | $576.00k |
| Total Noninterest Expense | $795.00k |
| Net Interest Income | $1.02M |
| Pre-tax Net Operating Income | $275.00k |
| Provision for Credit Losses | $36.00k |
| 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 | $6.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $302.00k |
| Total Liabilities and Capital | $114.00M |
Securities
| Securities | $11.75M |
| Available-for-sale debt securities | $11.23M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $521.00k |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Heritage Bank Minnesota?
$114.00M as of the latest filing.
How much are Heritage Bank Minnesota's total deposits?
$100.56M in total deposits.
Where is Heritage Bank Minnesota located?
West Concord, MN.
What is the Net Interest Margin?
3.95%.
How many domestic offices does it operate?
3.
When was it established?
06/02/1930.
What is the Return on Assets (ROA)?
0.97%.
How much are total loans and leases?
$92.36M (latest filing).
What is the total interest income (latest filing)?
$1.60M.