Heritage Bank, N.A. (Spicer, MN)
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Data as of · sourced from FFIEC call reports. How we update
Heritage Bank, N.A. is an FDIC-insured commercial bank headquartered in Spicer, MN, established in 1964 (FDIC certificate 19254), and it is supervised by the OCC. At Q2 2026 it reported total assets of $361.1M, down 13.1% from Q2 2025, the 72nd largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 15.33% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 19254
- Headquarters
- Spicer, MN
- Established
- 1964
- Total assets, Q2 2026
- $361.1M
- Assets vs Q2 2025
- -13.1%
- CET1 ratio, Q2 2026
- 15.33%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 091914710
- Latest call report
- Q2 2026, FFIEC 051 · Heritage Bank, N.A. call report
- Holding company
- HERITAGE BANCSHARES GROUP, INC.
- Asset rank in state
- 72nd of 221 in Minnesota
Problem loans are rising at Heritage Bank, N.A.. Based in Spicer, Minnesota, it had $361 million in assets at June 30, 2026, down 13.1% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 3.84% of loans from 2.05% a year earlier. It spends about 100 cents to bring in each dollar of revenue, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 61 cents). It also carries problem assets equal to 27.2% of the capital and reserves that would absorb them, 10.3 times the median of 2.6% for banks its size.
Delinquency has appeared in its $32 million multifamily book: 21.77% of those loans are past due or on nonaccrual, against almost none a year earlier. The balance sheet shrank over the year: over the year loans fell 13.0% and deposits fell 19.8%. Profitability lags: it earns about $0.50 a year on every $100 of assets, about a third the median of $1.28 for banks its size.
As of June 30, 2026, Heritage Bank, N.A. reported a CET1 capital ratio of 15.33%, a return on assets of 0.50%, a nonperforming-loan ratio of 3.84% and a Texas ratio of 27.16%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Heritage Bank, N.A. is the 72nd largest of the 221 banks headquartered in Minnesota. Between Q1 2026 and Q2 2026, its total assets rose 0.1% to $361.1M, loans rose 0.8% and deposits fell 6.5%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 57.3% of total loans, followed by multifamily loans at 10.5%. Its 5 offices in the FDIC Summary of Deposits are in 5 cities across 2 states; its Willmar office books 59% of its branch deposits. By the capital ratios in its Q2 2026 call report, Heritage Bank, N.A. meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 110 W South St, Spicer, MN 56288
- County
- Kandiyohi
- Metro Area
- Willmar, MN
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- October 8, 1964
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 89
- Domestic deposits
- $286.3M
- Allowance for credit losses
- $5.7M
- Net charge-offs (YTD)
- $79K
- Average total assets
- $364.3M
- Average total loans
- $305.2M
- Average interest-bearing deposits
- $236.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- October 8, 1964
- FDIC Cert
- 19254
- Fed RSSD
- 901358
- Website
- www.heritagebankna.com →
- Parent Holding Company
- HERITAGE BANCSHARES GROUP, INC. (RSSD 2144739)
- Ultimate Parent
- RSSD 5618101
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
From Q3 2023 to Q2 2026, Heritage Bank, N.A.'s total assets ranged from $360.8M (Q1 2026) to $584.2M (Q1 2024), and it earned a profit in 7 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$361.1M total assets against $415.6M; $323.2M total liabilities against $375.8M.
$302.4M net loans and leases against $347.6M; $286.3M total deposits against $357.2M.
$25.3M securities against $28.8M; $15.6M cash and balances due against $21.6M.
$5.0M total interest income against $6.1M; $1.6M total interest expense against $2.4M.
$3.4M net interest income against $3.7M.
$887K total noninterest income against $431K; $4.3M total noninterest expense against $4.5M.
-$451K provision for credit losses against $125K.
$458K net income against -$412K.
0.50% return on assets against -0.39%; 3.88% net interest margin against 3.66%.
15.33% CET1 capital ratio against 14.34%; 10.81% tier 1 leverage ratio against 9.84%.
Inside the full Heritage Bank, N.A. 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Heritage Bank, N.A. rankings
Its closest position to the top of a national ranking is 77 of 3,640, for Texas Ratio; its furthest is 3,550 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.89% (Q4 2024) to 0.75% (Q1 2025) and its net interest margin ran from 3.05% (Q4 2024) to 3.88% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.33% | 0.50% | 3.84% | 27.16% | 3.88% |
| Q1 2026 | 15.61% | -0.53% | 3.47% | 24.24% | 3.58% |
| Q4 2025 | 14.68% | 0.21% | 3.36% | 24.18% | 3.43% |
| Q3 2025 | 14.19% | 0.17% | 2.15% | 16.57% | 3.62% |
| Q2 2025 | 14.34% | -0.39% | 2.05% | 15.86% | 3.66% |
| Q1 2025 | 13.89% | 0.75% | 2.43% | 19.01% | 3.22% |
| Q4 2024 | 11.86% | -0.89% | 2.07% | 17.71% | 3.05% |
| Q3 2024 | 11.67% | 0.42% | 2.26% | 19.51% | 3.16% |
Swipe the table sideways to see every column.
Branch Network
View all 5 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 |
|---|---|---|---|
| Willmar Branch | Willmar , MN | 56201 | $169.8M |
| Heritage Bank National Association | Spicer , MN | 56288 | $48.5M |
| Pennock Branch | Pennock , MN | 56279 | $38.5M |
| Raymond Branch | Raymond , MN | 56282 | $23.3M |
| Sioux Falls Branch | Sioux Falls , SD | 57104 | $6.1M |
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 |
|---|---|---|---|
| July 1, 2011 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2011 | Structure Change | Acquired Heritage Bank, National Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 9, 2004 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 9, 2004 | Structure Change | Acquired Farmers' State Bank of Raymond Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 17, 1989 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 2, 1989 | Structure Change | Acquired The Citizens National Bank of Madelia 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 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 3 against the institution (OCC); 2 against individuals associated with it
- April 2, 2024, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Heritage Bank, National Association
- October 27, 2023, OCC: Formal Agreement: Heritage Bank, National Association
- October 9, 2008, OCC: Formal Agreement: Heritage Bank, National Association
- Period: Most recent institution action April 2, 2024. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in MN, rank 111 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 378 applications, 232 loans originated, $90.5M originated, across 46 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $285K approved, $142K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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, N.A.
What are Heritage Bank, N.A.'s total assets?
As of the Q2 2026 filing, Heritage Bank, N.A. reported total assets of $361.1 million in its FFIEC call report.
Where is Heritage Bank, N.A. headquartered?
It is headquartered in Spicer, MN, United States.
When was Heritage Bank, N.A. founded?
It was established in 1964, per the FDIC institution directory.
Is Heritage Bank, N.A. FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #19254). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Heritage Bank, N.A.?
Heritage Bank, N.A.'s primary federal regulator is the OCC.
What is Heritage Bank, N.A.'s CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.33% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Heritage Bank, N.A. operate?
It operates 5 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, N.A.'s Texas Ratio?
Its Texas Ratio is 27.16% 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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