Heartland State Bank (Redfield, SD)
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Data as of · sourced from FFIEC call reports. How we update
Heartland State Bank is an FDIC-insured commercial bank headquartered in Redfield, SD, established in 1909 (FDIC certificate 9007), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $154.0M, up 4.1% from Q2 2025, the 37th largest of 56 banks headquartered in South Dakota. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.93% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 9007
- Headquarters
- Redfield, SD
- Established
- 1909
- Total assets, Q2 2026
- $154.0M
- Assets vs Q2 2025
- +4.1%
- Tier 1 leverage ratio, Q2 2026
- 9.93%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 091406260
- Latest call report
- Q2 2026, FFIEC 051 · Heartland State Bank call report
- Holding company
- WESSINGTON BANKSHARES, INC.
- Asset rank in state
- 37th of 56 in South Dakota
Heartland State Bank is one of the more profitable banks of its size. The Redfield, South Dakota bank had $154 million in assets at June 30, 2026, up 4.1% from a year earlier. It earns about $2.65 a year on every $100 of assets, about double the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also keeps 5.24 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 banks its size (median 3.95 cents). Much of that comes from cost control: it spends about 51 cents to bring in each dollar of revenue.
Loans are outrunning deposits: over the year loans rose 15.8% and deposits rose 9.9%.
As of June 30, 2026, Heartland State Bank reported a return on assets of 2.65%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 56 banks headquartered in South Dakota, Heartland State Bank is the 37th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.3% to $154.0M, loans rose 3.5% and deposits rose 0.3%. Its loan book on June 30, 2026 was led by agricultural production loans, at 69.4% of total loans, followed by farmland and other real estate loans at 15.9%. Its 4 offices in the FDIC Summary of Deposits are in 4 cities in SD; its Redfield office books 56% of its branch deposits. Judged on its Q2 2026 call report, Heartland State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 302 E 7th Ave, Redfield, SD 57469
- County
- Spink
- Metro Area
- Huron, SD
- 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
- January 1, 1909
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 25
- Domestic deposits
- $135.1M
- Allowance for credit losses
- $966K
- Net charge-offs (YTD)
- -$2K
- Average total assets
- $154.4M
- Average total loans
- $121.3M
- Average interest-bearing deposits
- $85.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9007
- Fed RSSD
- 135854
- Website
- heartlandstate.bank →
- Parent Holding Company
- WESSINGTON BANKSHARES, INC. (RSSD 1123018)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Heartland State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Heartland State Bank's total assets ran between $146.5M (Q4 2024) and $156.0M (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$154.0M total assets against $147.9M; $139.6M total liabilities against $134.5M.
$121.4M net loans and leases against $104.6M; $135.1M total deposits against $122.9M.
$19.5M securities against $30.7M; $5.5M cash and balances due against $5.7M.
$2.4M total interest income against $2.3M; $482K total interest expense against $519K.
$1.9M net interest income against $1.8M.
$253K total noninterest income against $196K; $1.1M total noninterest expense against $971K.
No provision recorded in the last 12 quarters.
$1.0M net income against $943K.
2.65% return on assets against 2.50%; 5.24% net interest margin against 4.91%.
9.93% tier 1 leverage ratio against 9.86%.
Inside the full Heartland State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeHeartland State Bank rankings
Its closest position to the top of a national ranking is 122 of 3,611, for ROA; its furthest is 3,565 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.86% (Q4 2024) to 2.70% (Q3 2025) and its net interest margin ran from 4.45% (Q4 2024) to 5.24% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.93% | 2.65% | 0.00% | 0.00% | 5.24% |
| Q1 2026 | 9.87% | 2.24% | 0.00% | 0.00% | 5.11% |
| Q4 2025 | 9.72% | 2.34% | 0.00% | 0.00% | 4.86% |
| Q3 2025 | 10.00% | 2.70% | 0.00% | 0.00% | 4.96% |
| Q2 2025 | 9.86% | 2.50% | 0.00% | 0.00% | 4.91% |
| Q1 2025 | 9.82% | 2.35% | 0.00% | 0.00% | 4.73% |
| Q4 2024 | 9.60% | 1.86% | 0.00% | 0.00% | 4.45% |
| Q3 2024 | 9.79% | 2.24% | 0.00% | 0.00% | 4.46% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Heartland State Bank (main office) | Redfield , SD | 57469 | $76.0M |
| Highmore Branch | Highmore , SD | 57345 | $25.6M |
| Wessington Branch | Wessington , SD | 57381 | $19.8M |
| Tulare Branch | Tulare , SD | 57476 | $13.7M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in SD, rank 43 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 5 loans, $574K approved, $115K average. 20.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1998 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Heartland State Bank
What are Heartland State Bank's total assets?
As of the Q2 2026 filing, Heartland State Bank reported total assets of $154.0 million in its FFIEC call report.
Where is Heartland State Bank headquartered?
It is headquartered in Redfield, SD, United States.
When was Heartland State Bank founded?
It was established in 1909, per the FDIC institution directory.
Is Heartland State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9007). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Heartland State Bank?
Heartland State Bank's primary federal regulator is the FDIC.
How many branches does Heartland State Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Heartland State Bank's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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