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Heritage Bank National Association
Spicer, MN · FDIC Certificate #19254 · Chartered 10/0
Total assets
$361.06M
Total deposits
$286.26M
Total equity
$37.88M
Net loans
$302.44M
Branches (offices)
5
Net income (YTD)
-$33.00K
Rank: #2,196 of 4,213 U.S. banks by assets · #72 of 221 in Minnesota. Assets changed -13.1% and deposits -19.8% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | -0.02% |
| Return on equity | -0.17% |
| Net interest margin (YTD) | 3.78% |
| Equity to assets | 10.49% |
| Tier 1 leverage ratio | 10.81% |
| Uninsured deposits (share of deposits) | 12.6% |
| Noncurrent loans (share of loans) | 3.84% |
| Net charge-offs (share of loans) | 0.05% |
| Loans to deposits | 105.7% |
| Real estate loans (share of loans) | 89.2% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $269.65M | 89.2% | |
| Commercial & industrial | $27.33M | 9.0% | |
| Consumer / individual | $6.29M | 2.1% | |
| Construction & development | $3.64M | 1.2% | |
| Agricultural | $4.85M | 1.6% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $436.98M | $350.40M | $2.90M | $43.13M |
| Jun 2023 | $505.87M | $417.57M | -$3.74M | $39.15M |
| Jun 2024 | $535.32M | $427.90M | $1.03M | $39.26M |
| Jun 2025 | $415.56M | $357.16M | $422.00K | $39.74M |
| Jun 2026 | $361.06M | $286.26M | -$33.00K | $37.88M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $280.20M | 4 |
| South Dakota | $6.06M | 1 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $286.26M.
Similar-sized banks
Citizens First Bank ($361.26M) · American State Bank ($360.81M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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