Heritage Bank Minnesota: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Heritage Bank Minnesota operates with a thinner capital cushion than most banks of its size. Its balance sheet stood at $121 million at June 30, 2026, up 7.8% from a year earlier; it is based in West Concord, Minnesota. It holds common equity equal to 9.98% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). On the other hand, it holds commercial real estate loans equal to only 45% of its capital, about a third the median of 1.2 times for banks its size.
Earnings jumped: net income for the quarter was $283,000, 50% above the same quarter a year earlier. Over the same year, loans grew 12.5% and deposits grew 7.6%. Costs are the weak spot: it spends about 73 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, Heritage Bank Minnesota reported a CET1 capital ratio of 9.98%, a return on assets of 0.90%, a nonperforming-loan ratio of 0.40% and a Texas ratio of 7.17%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 181 Main St, West Concord, MN 55985
- County
- Dodge
- Metro Area
- Rochester, MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 2, 1930
- Offices
- 3 domestic
- Employees (FTE)
- 19
- Domestic deposits
- $109.8M
- Allowance for credit losses
- $977K
- Net charge-offs (YTD)
- $6K
- Average total assets
- $125.2M
- Average total loans
- $96.3M
- Average interest-bearing deposits
- $87.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8865
- Fed RSSD
- 777254
- Website
- heritagebankmn.com →
- Parent Holding Company
- WEST CONCORD BANCSHARES, INC. (RSSD 1135619)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Heritage Bank Minnesota terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Heritage Bank Minnesota, freeHeritage Bank Minnesota rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.98% | 0.90% | 0.64% | 7.17% | 3.84% |
| Q1 2026 | 10.30% | 0.75% | 0.42% | 4.84% | 3.64% |
| Q4 2025 | 9.79% | 0.21% | 0.39% | 4.62% | 3.77% |
| Q3 2025 | 9.96% | 0.97% | 1.17% | 13.62% | 3.91% |
| Q2 2025 | 10.13% | 0.70% | 0.74% | 8.76% | 3.59% |
| Q1 2025 | 10.52% | 0.79% | 0.34% | 3.76% | 3.64% |
| Q4 2024 | 10.57% | -0.18% | 0.60% | 6.80% | 3.69% |
| Q3 2024 | 10.86% | 0.79% | 0.35% | 3.78% | 3.51% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 3 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Heritage Bank Minnesota (main office) | West Concord , MN | 55985 | $46.9M |
| Northfield Branch | Northfield , MN | 55057 | $31.6M |
| Dennison Branch | Dennison , MN | 55018 | $31.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 6, 1987 | Structure Change | Acquired First National Bank in West Concord Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| March 5, 1987 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
What the public regulatory sources show for Heritage Bank Minnesota, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 1 against the institution (Federal Reserve). These actions name the parent holding company, WEST CONCORD BANCSHARES, INC., not the bank itself
- November 6, 2009, Federal Reserve: Written Agreement: West Concord Bancshares, Inc., West Concord, Minnesota; Farmers State Bank of West Concord, West Concord, Minnesota
- Period: Most recent institution action November 6, 2009. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in MN, rank 183 of 279 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 53 applications, 53 loans originated, $12.0M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $500K approved, $500K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2005 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Heritage Bank Minnesota
What are Heritage Bank Minnesota's total assets?
As of the Q2 2026 filing, Heritage Bank Minnesota reported total assets of $120.9 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Heritage Bank Minnesota headquartered?
Heritage Bank Minnesota is headquartered in West Concord, MN, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Heritage Bank Minnesota founded?
Heritage Bank Minnesota was established in 1930, per the FDIC institution directory.
Is Heritage Bank Minnesota FDIC-insured?
Yes. Heritage Bank Minnesota is an FDIC-insured commercial bank (FDIC Certificate #8865). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Heritage Bank Minnesota?
Heritage Bank Minnesota's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Heritage Bank Minnesota's CET1 capital ratio?
Heritage Bank Minnesota reported a Common Equity Tier 1 (CET1) capital ratio of 9.98% in its Q2 2026 call report, above the 7% level required once the capital conservation buffer is included.
How many branches does Heritage Bank Minnesota operate?
Heritage Bank Minnesota operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Heritage Bank Minnesota's Texas Ratio?
Heritage Bank Minnesota's Texas Ratio is 7.17% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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