Heritage Bank Minnesota is a state-chartered bank headquartered in West Concord, Minnesota, in business for about 96 years. At the end of Q2 2026 it reported $120.9M in total assets and $109.8M in deposits, with 3 offices.
Heritage Bank Minnesota has a TellerScore of 57 out of 100 (moderate) based on Q2 2026 data — higher than only 14% of its 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 184th. Problem-loan coverage contributes the most (86/100, 7.2%); capital cushion contributes the least (23/100, 7.27%).
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
The score has been essentially flat from Q2 2025 to Q2 2026 (57 → 57).
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 59 |
| Q3 2024 | 61 |
| Q4 2024 | 56 |
| Q1 2025 | 62 |
| Q2 2025 | 57 |
| Q3 2025 | 51 |
| Q4 2025 | 58 |
| Q1 2026 | 58 |
| Q2 2026 | 57 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 7.78% |
| Q3 2024 | 7.96% |
| Q4 2024 | 7.91% |
| Q1 2025 | 7.92% |
| Q2 2025 | 7.80% |
| Q3 2025 | 7.61% |
| Q4 2025 | 7.32% |
| Q1 2026 | 7.27% |
| Q2 2026 | 7.27% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.36% |
| Q3 2024 | 0.35% |
| Q4 2024 | 0.60% |
| Q1 2025 | 0.34% |
| Q2 2025 | 0.74% |
| Q3 2025 | 1.17% |
| Q4 2025 | 0.39% |
| Q1 2026 | 0.42% |
| Q2 2026 | 0.64% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.74% |
| Q3 2024 | 0.76% |
| Q4 2024 | 0.52% |
| Q1 2025 | 0.80% |
| Q2 2025 | 0.74% |
| Q3 2025 | 0.83% |
| Q4 2025 | 0.67% |
| Q1 2026 | 0.76% |
| Q2 2026 | 0.85% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 57 | $120.9M | 7.27% | 0.64% | 0.85% | 89.1% |
| Q1 2026 | 58 | $123.3M | 7.27% | 0.42% | 0.76% | 88.1% |
| Q4 2025 | 58 | $117.5M | 7.32% | 0.39% | 0.67% | 91.5% |
| Q3 2025 | 51 | $114.0M | 7.61% | 1.17% | 0.83% | 91.8% |
| Q2 2025 | 57 | $112.1M | 7.80% | 0.74% | 0.74% | 85.3% |
| Q1 2025 | 62 | $105.0M | 7.92% | 0.34% | 0.80% | 86.7% |
| Q4 2024 | 56 | $102.6M | 7.91% | 0.60% | 0.52% | 92.5% |
| Q3 2024 | 61 | $103.3M | 7.96% | 0.35% | 0.76% | 88.9% |
| Q2 2024 | 59 | $101.6M | 7.78% | 0.36% | 0.74% | 94.1% |
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 Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Key Community BankBank Inver Grove Heights, MN | 57 out of 100, Moderate | $121.0M | 10.7% | 0.00% | vs |
| Global Innovations BankBank Kiester, MN | 70 out of 100, Strong | $120.1M | 8.5% | 0.03% | vs |
| State Bank of New RichlandBank New Richland, MN | 73 out of 100, Strong | $124.2M | 10.0% | 0.29% | vs |
| First State Bank of BigforkBank Bigfork, MN | 46 out of 100, Below average | $117.4M | 11.3% | 6.39% | vs |
| Mid-Central National BankBank Wadena, MN | 77 out of 100, Strong | $117.1M | 14.9% | 0.76% | vs |
| Community First BankBank Menahga, MN | 90 out of 100, Very strong | $126.5M | 12.8% | 0.28% | vs |
Deposit insurance
Is my money safe at Heritage Bank Minnesota?
Yes. Heritage Bank Minnesota is an FDIC-insured institution (FDIC certificate #8865). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 11.4% of deposits ($12.6M) 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 7.27%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 11.05% (benchmark: 10%).
3 locations
Branches
Heritage Bank Minnesota lists 3 offices in 3 cities. Most locations:
- Dennison, MN (1)
- Northfield, MN (1)
- West Concord, MN (1)
HMDA 2025
Mortgage lending
In 2025, Heritage Bank Minnesota reported 53 home-loan applications under HMDA (LEI 549300TLO48M0X8Z5B67): 53 originated ($11,975,000 total), 0 denied, and 0 withdrawn or closed by the applicant. Its denial rate on decided applications was 0.0%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Heritage Bank Minnesota
- Former names
- Farmers State Bank of West Concord
- Type
- State-chartered bank
- FDIC certificate #
- 8865
- RSSD ID
- 777254
- Primary regulator
- FDIC
- Holding company
- West Concord Bancshares Inc
- Established
- June 2, 1930
- Headquarters
- 181 Main St, West Concord, MN 55985
- Website
- heritagebankmn.com
- Employees
- 19
Quick answers
Heritage Bank Minnesota: common questions
Is Heritage Bank Minnesota FDIC insured?
Yes. Heritage Bank Minnesota is an FDIC-insured institution (FDIC certificate #8865). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Heritage Bank Minnesota's TellerScore?
57 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Heritage Bank Minnesota ever failed?
There is no failure record for FDIC certificate #8865 in the FDIC failed bank list.
How many branches does Heritage Bank Minnesota have?
3 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near West Concord
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Mayo Employees Federal Credit UnionCredit union Rochester, MN | 98 out of 100, Very strong | $1.5B | 14.9% | 0.05% | vs |
| Think Mutual BankBank Rochester, MN | 86 out of 100, Very strong | $2.2B | 16.3% | 0.25% | vs |
| Security State Bank of WanamingoBank Wanamingo, MN | 84 out of 100, Strong | $112.7M | 11.4% | 0.00% | vs |
| Federated Employees Credit UnionCredit union Owatonna, MN | 82 out of 100, Strong | $66.7M | 13.2% | 0.19% | vs |
| Premier Bank MinnesotaBank Hastings, MN | 77 out of 100, Strong | $691.5M | 10.0% | 0.04% | vs |
| First Farmers & Merchants BankBank Cannon Falls, MN | 77 out of 100, Strong | $486.4M | 10.1% | 0.01% | vs |