Heritage Bank Minnesota
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Data as of · sourced from FFIEC call reports. How we update
Heritage Bank Minnesota is an FDIC-insured commercial bank headquartered in West Concord, MN, established in 1930 (FDIC certificate 8865), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $120.9M, up 7.8% from Q2 2025, the 153rd largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 9.98% at Q2 2026, above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8865
- Headquarters
- West Concord, MN
- Established
- 1930
- Total assets, Q2 2026
- $120.9M
- Assets vs Q2 2025
- +7.8%
- CET1 ratio, Q2 2026
- 9.98%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091915133
- Latest call report
- Q2 2026, FFIEC 051 · Heritage Bank Minnesota call report
- Holding company
- WEST CONCORD BANCSHARES, INC.
- Asset rank in state
- 153rd of 221 in Minnesota
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 0.64% and a Texas ratio of 7.17%. The figures come from its call report filed with the FFIEC.
Heritage Bank Minnesota ranks as the 153rd largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.9% to $120.9M, loans rose 3.2% and deposits rose 2.1%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 58.4% of total loans, followed by commercial and industrial loans at 11.7%. The FDIC Summary of Deposits lists 3 offices for it, in West Concord, MN, Northfield, MN and Dennison, MN; its West Concord office books 43% of its branch deposits. Judged on its Q2 2026 call report, Heritage Bank Minnesota meets every capital ratio test for well capitalized.
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
- Domestic offices
- 3 FDIC institution directory, current count
- 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
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. How we compute these figures
Quarterly trends
Heritage Bank Minnesota's total assets moved between a low of $95.4M (Q3 2023) and a high of $123.3M (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
$120.9M total assets against $112.1M; $113.1M total liabilities against $105.5M.
$97.8M net loans and leases against $87.0M; $109.8M total deposits against $102.0M.
$10.5M securities against $11.5M; $5.4M cash and balances due against $6.4M.
$1.7M total interest income against $1.4M; $616K total interest expense against $552K.
$1.1M net interest income against $893K.
$73K total noninterest income against $66K; $878K total noninterest expense against $734K.
$36K provision for credit losses against $36K.
$283K net income against $189K.
0.90% return on assets against 0.70%; 3.84% net interest margin against 3.59%.
9.98% CET1 capital ratio against 10.13%; 7.27% tier 1 leverage ratio against 7.80%.
Inside the full Heritage Bank Minnesota terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeHeritage Bank Minnesota rankings
Its closest position to the top of a national ranking is 930 of 3,640, for Texas Ratio; its furthest is 2,099 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.18% (Q4 2024) to 0.97% (Q3 2025) and its net interest margin ran from 3.51% (Q3 2024) to 3.91% (Q3 2025).
| 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
View all 3 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 |
|---|---|---|---|
| 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
Facts as filed or published, not a rating.
- 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 277 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).
- Not on file
- 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 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.
Where is Heritage Bank Minnesota headquartered?
It is headquartered in West Concord, MN, United States.
When was Heritage Bank Minnesota founded?
It was established in 1930, per the FDIC institution directory.
Is Heritage Bank Minnesota FDIC-insured?
Yes. It 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.
What is Heritage Bank Minnesota's CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 7.17% 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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