Heartland State Bank is a state-chartered bank headquartered in Redfield, South Dakota, in business for about 117 years. At the end of Q2 2026 it reported $154.0M in total assets and $135.1M in deposits, with 4 offices.
Based on its Q2 2026 filing, Heartland State Bank scores 79/100, which we describe as strong. That is higher than 75% of 2,650 banks with $100 million – $1 billion. Among 56 banks headquartered in South Dakota, it ranks 20th. Its strongest component is loan quality (100/100; 0.00%), and its lowest is capital cushion (49/100; 9.93%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 2 points (81 → 79), mostly because the funding & liquidity component weakened by 11 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 81 |
| Q3 2024 | 80 |
| Q4 2024 | 80 |
| Q1 2025 | 81 |
| Q2 2025 | 81 |
| Q3 2025 | 80 |
| Q4 2025 | 79 |
| Q1 2026 | 80 |
| Q2 2026 | 79 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.60% |
| Q3 2024 | 9.79% |
| Q4 2024 | 9.60% |
| Q1 2025 | 9.82% |
| Q2 2025 | 9.86% |
| Q3 2025 | 10.00% |
| Q4 2025 | 9.72% |
| Q1 2026 | 9.87% |
| Q2 2026 | 9.93% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.00% |
| Q3 2024 | 0.00% |
| Q4 2024 | 0.00% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.00% |
| Q3 2025 | 0.00% |
| Q4 2025 | 0.00% |
| Q1 2026 | 0.00% |
| Q2 2026 | 0.00% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 2.05% |
| Q3 2024 | 2.10% |
| Q4 2024 | 2.05% |
| Q1 2025 | 2.37% |
| Q2 2025 | 2.46% |
| Q3 2025 | 2.52% |
| Q4 2025 | 2.48% |
| Q1 2026 | 2.20% |
| Q2 2026 | 2.43% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 79 | $154.0M | 9.93% | 0.00% | 2.43% | 89.9% |
| Q1 2026 | 80 | $156.0M | 9.87% | 0.00% | 2.20% | 87.0% |
| Q4 2025 | 79 | $154.7M | 9.72% | 0.00% | 2.48% | 92.3% |
| Q3 2025 | 80 | $155.7M | 10.00% | 0.00% | 2.52% | 95.5% |
| Q2 2025 | 81 | $147.9M | 9.86% | 0.00% | 2.46% | 85.1% |
| Q1 2025 | 81 | $150.6M | 9.82% | 0.00% | 2.37% | 81.1% |
| Q4 2024 | 80 | $146.5M | 9.60% | 0.00% | 2.05% | 85.3% |
| Q3 2024 | 80 | $151.9M | 9.79% | 0.00% | 2.10% | 86.9% |
| Q2 2024 | 81 | $149.2M | 9.60% | 0.00% | 2.05% | 82.2% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in South Dakota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Citizens State Bank, of ArlingtonBank Arlington, SD | 82 out of 100, Strong | $153.2M | 11.7% | 0.00% | vs |
| Great Plains BankBank Eureka, SD | 65 out of 100, Moderate | $150.4M | 17.7% | 3.49% | vs |
| First State Bank of RoscoeBank Roscoe, SD | 92 out of 100, Very strong | $147.5M | 13.8% | 0.00% | vs |
| Farmers and Merchants State BankBank Plankinton, SD | 73 out of 100, Strong | $180.4M | 11.0% | 0.76% | vs |
| Dnb National BankBank Clear Lake, SD | 79 out of 100, Strong | $124.1M | 8.9% | 0.00% | vs |
| Security State BankBank Alexandria, SD | 36 out of 100, Low | $103.0M | 8.2% | 3.72% | vs |
Deposit insurance
Is my money safe at Heartland State Bank?
Yes. Heartland State Bank is an FDIC-insured institution (FDIC certificate #9007). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 20.5% of deposits ($27.8M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 9.93%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
4 locations
Branches
Heartland State Bank lists 4 offices in 4 cities. Most locations:
- Highmore, SD (1)
- Redfield, SD (1)
- Tulare, SD (1)
- Wessington, SD (1)
Identity & history
Profile
- Legal name
- Heartland State Bank
- Former names
- Bank of Wessington
- Type
- State-chartered bank
- FDIC certificate #
- 9007
- RSSD ID
- 135854
- Primary regulator
- FDIC
- Holding company
- Wessington Bankshares Inc
- Established
- January 1, 1909
- Headquarters
- 302 E 7th Ave, Redfield, SD 57469
- Website
- heartlandstate.bank
- Employees
- 25
Quick answers
Heartland State Bank: common questions
Is Heartland State Bank FDIC insured?
Yes. Heartland State Bank is an FDIC-insured institution (FDIC certificate #9007). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Heartland State Bank's TellerScore?
79 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Heartland State Bank ever failed?
There is no failure record for FDIC certificate #9007 in the FDIC failed bank list.
How many branches does Heartland State Bank have?
4 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Redfield
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| American Bank & TrustBank Sioux Falls, SD | 72 out of 100, Strong | $2.2B | 11.3% | 0.57% | vs |
| First Interstate BankBank Billings, MT | 62 out of 100, Moderate | $25.8B | 9.4% | 1.12% | vs |
| BMO Bank National AssociationBank Chicago, IL | 58 out of 100, Moderate | $255.0B | 11.3% | 0.92% | vs |