Heartland State Bank (Edgeley, ND)
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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 Edgeley, ND, established in 1921 (FDIC certificate 3919), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $75.6M, up 6.4% from Q2 2025, the 51st largest of 60 banks headquartered in North Dakota. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.75% 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
- 3919
- Headquarters
- Edgeley, ND
- Established
- 1921
- Total assets, Q2 2026
- $75.6M
- Assets vs Q2 2025
- +6.4%
- Tier 1 leverage ratio, Q2 2026
- 9.75%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091310631
- Holding company
- JBS, INC.
- Asset rank in state
- 51st of 60 in North Dakota
Problem loans are rising at Heartland State Bank. Its balance sheet stood at $76 million at June 30, 2026, up 6.4% from a year earlier; it is based in Edgeley, North Dakota. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 3.36% of loans from 2.76% a year earlier. It shrank its loan book 13.1% over the year, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median 2.6%). It also carries problem assets equal to 13.6% of the capital and reserves that would absorb them, 9.8 times the median of 1.4% for banks its size.
Loans and deposits moved in opposite directions: over the year loans fell 13.1% and deposits rose 6.4%. Where it has less room is capital: it funds 9.75% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 13.06%).
As of June 30, 2026, Heartland State Bank reported a return on assets of 0.86%, a nonperforming-loan ratio of 3.36% and a Texas ratio of 13.55%. The figures come from its call report filed with the FFIEC.
Of the 60 banks headquartered in North Dakota, Heartland State Bank is the 51st largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 2.5% to $75.6M, loans rose 0.7% and deposits fell 3.1%. The largest part of its loan book on June 30, 2026 was agricultural production loans, at 39.8% of total loans, ahead of farmland and other real estate loans at 32.9%. Its 2 offices in the FDIC Summary of Deposits are in Edgeley, ND and Kulm, ND; its Edgeley office books 62% 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
- 401 Main St, Edgeley, ND 58433
- County
- Lamoure
- 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, 1921
- Former names
- Security State Bank of Edgeley (1992-2001)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 11
- Domestic deposits
- $68.3M
- Allowance for credit losses
- $448K
- Net charge-offs (YTD)
- $3K
- Average total assets
- $78.3M
- Average total loans
- $28.6M
- Average interest-bearing deposits
- $47.4M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 3919
- Fed RSSD
- 837653
- Website
- www.heartlandstatebank.com →
- Parent Holding Company
- JBS, INC. (RSSD 1134966)
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
Heartland State Bank's total assets moved between a low of $63.4M (Q3 2024) and a high of $77.6M (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$75.6M total assets against $71.1M; $68.8M total liabilities against $64.7M.
$29.0M net loans and leases against $33.4M; $68.3M total deposits against $64.2M.
$24.8M securities against $18.0M; $18.1M cash and balances due against $16.0M.
$842K total interest income against $880K; $293K total interest expense against $300K.
$549K net interest income against $580K.
$41K total noninterest income against $39K; $441K total noninterest expense against $444K.
No provision recorded in the last 12 quarters.
$168K net income against $177K.
0.86% return on assets against 0.99%; 3.07% net interest margin against 3.57%.
9.75% tier 1 leverage ratio against 10.50%.
Inside the full Heartland State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Heartland State Bank rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.45% (Q1 2026) to 1.08% (Q3 2024) and its net interest margin ran from 2.93% (Q1 2026) to 4.35% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.75% | 0.86% | 3.36% | 13.55% | 3.07% |
| Q1 2026 | 9.86% | 0.45% | 3.46% | 14.20% | 2.93% |
| Q4 2025 | 10.40% | 0.85% | 3.01% | 14.58% | 3.48% |
| Q3 2025 | 10.82% | 0.83% | 3.22% | 14.74% | 3.50% |
| Q2 2025 | 10.50% | 0.99% | 2.76% | 13.62% | 3.57% |
| Q1 2025 | 10.75% | 0.50% | 2.78% | 14.54% | 3.43% |
| Q4 2024 | 11.37% | 0.72% | 2.43% | 15.58% | 4.10% |
| Q3 2024 | 11.66% | 1.08% | 2.59% | 14.63% | 4.35% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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) | Edgeley , ND | 58433 | $42.0M |
| Heartland State Bank - Kulm | Kulm , ND | 58456 | $26.2M |
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 |
|---|---|---|---|
| June 23, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 23, 2001 | Structure Change | Acquired Kulm State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in ND, rank 57 of 70 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $206K approved, $103K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2014 (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 $75.6 million in its FFIEC call report.
Where is Heartland State Bank headquartered?
It is headquartered in Edgeley, ND, United States.
When was Heartland State Bank founded?
It was established in 1921, per the FDIC institution directory.
Is Heartland State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #3919). 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 2 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 13.55% 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.
What was Heartland State Bank previously called?
The charter now named Heartland State Bank has also operated as Security State Bank of Edgeley (1992-2001), per FDIC structure-change records.
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