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Heritage Bank National Association

$100M-$1B Specialty: Commercial MN FDIC cert 19254

Spicer, MN

5 branches across MN · SD

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 2,643 banks in the $100M-$1B peer group nationwide — 1 of 151 in MN.
  • Deposits -19.8% year over year ($286.3M on the books).
  • Delinquency rate 3.92%.
  • Return on assets -0.02%.
  • Efficiency ratio 106.18% vs a 64.48% peer average.
  • Loan-to-deposit ratio 105.65% vs a 77.95% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

2643 banks in the $100M-$1B peer group nationally 151 in MN
View $100M-$1B leaderboard (MN) →

Heritage Bank National Association faces 7 concerns requiring attention

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

No key strengths identified

Key Concerns

Areas that may need attention

  • - Liquidity Strain: Bottom 15.3% in tier
  • - Efficiency Drag: Bottom 38.2% in tier
  • - Capital Constraint: Bottom 73.8% in tier
  • - Return on Assets 1.34% below tier average
  • - Delinquency Rate 3.00% above tier average
  • - Nonperforming Asset Ratio 2.61% above tier average
  • - Net Interest Margin 0.21% below tier average
Get updates when Heritage Bank National Association releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Total Assets ? $361.1M
-13.1% YoY +0.1% QoQ
-$25.5M $386.6M
+1.2% YoY
$524.5M
+5.8% YoY
$6.3B
+7.7% YoY
56%
Total Loans ? $302.4M
-13.0% YoY +1.0% QoQ
+$44.1M $258.3M
+1.7% YoY
$300.2M
+7.3% YoY
$3.2B
+9.4% YoY
68%
Total Deposits ? $286.3M
-19.8% YoY -6.5% QoQ
-$40.5M $326.7M
+0.7% YoY
$452.1M
+5.5% YoY
$4.9B
+7.3% YoY
52%
Return on Assets ? -0.02%
-109.4% YoY +96.6% QoQ
-1.34% 1.32%
+10.8% YoY
1.26%
+17.2% YoY
1.30%
+12.1% YoY
Bottom 3.2% in tier
Net Interest Margin ? 3.78%
+9.8% YoY +4.2% QoQ
-0.21% 3.99%
+5.0% YoY
4.00%
+6.8% YoY
3.95%
+4.9% YoY
41%
Efficiency Ratio ? 106.18%
+12.1% YoY -6.3% QoQ
+41.70% 64.48%
-3.2% YoY
63.00%
-3.5% YoY
70.05%
+2.5% YoY
Bottom 1.9% in tier
Delinquency Rate ? 3.92%
+87.9% YoY +10.6% QoQ
+3.00% 0.92%
+15.7% YoY
1.01%
+19.3% YoY
0.98%
+16.3% YoY
Bottom 3.7% in tier
Loan-to-Deposit Ratio ? 105.65%
+8.6% YoY +8.0% QoQ
+27.70% 77.95%
+1.0% YoY
78.29%
-0.6% YoY
79.03%
+2.3% YoY
Bottom 5.5% in tier
Non-Interest-Bearing Deposit Share ? 20.38%
+30.4% YoY +7.0% QoQ
-1.65% 22.03%
-0.6% YoY
21.79%
+0.9% YoY
21.98%
-0.6% YoY
47%
Nonperforming Asset Ratio ? 3.28%
+85.7% YoY +10.9% QoQ
+2.61% 0.67%
+16.4% YoY
0.76%
+16.9% YoY
0.69%
+15.8% YoY
Bottom 2.8% in tier
Tier 1 Capital Ratio ? 15.33%
+6.9% YoY -1.8% QoQ
-0.58% 15.91%
+1.4% YoY
15.35%
-0.4% YoY
17.09%
+0.8% YoY
68%
Non-Interest Income / Assets ? 0.41%
-37.8% YoY +150.1% QoQ
-0.16% 0.57%
+7.6% YoY
0.31%
+3.9% YoY
0.66%
+5.2% YoY
Top 14.1% in tier

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Noninterest-Bearing 20.4%
+4.8pp YoY
+1.3pp QoQ
 -1.8pp 22.1% 21.9% 22.2% 47%
Brokered Deposits 4.8%
-13.2pp YoY
-2.5pp QoQ
 -3.1pp 7.9% 8.3% 8.5% 50%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
C&I 9.0%
-1.1pp YoY
-0.1pp QoQ
 -2.5pp 11.6% 14.6% 12.5% 47%
CRE 25.3%
-0.6pp YoY
0.0pp QoQ
 -14.2pp 39.5% 36.5% 41.4% 27%
1-4 Family 58.4%
+2.9pp YoY
0.0pp QoQ
 +25.8pp 32.6% 29.4% 31.3% 88%
Consumer 2.1%
-0.4pp YoY
+0.5pp QoQ
 -2.0pp 4.1% 4.5% 5.0% 49%

Capital

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
CET1 Ratio 15.3%
+1.0pp YoY
-0.3pp QoQ
 -3.5pp 18.8% 16.5% 19.7% 52%
Leverage Ratio 10.8%
+1.0pp YoY
+0.2pp QoQ
 -1.4pp 12.2% 11.0% 12.6% 46%
Total Capital Ratio 16.6%
+1.0pp YoY
-0.3pp QoQ
 -3.3pp 19.9% 17.6% 20.8% 53%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Full-Time Employees 89
+6 (+7.2%) YoY
-2 (-2.2%) QoQ
 +30 58 55 482 82%
Assets per Employee ($) $4.1M
-19.0% YoY
+2.3% QoQ
 -$3.5M $7.5M $8.6M $8.8M 5%
Branch Count 5
0 YoY
0 QoQ
 0 4 4 18 55%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Past Due 90+ Days 0.1%
+0.1pp YoY
+0.1pp QoQ
 -0.2pp 0.3% 0.4% 0.4% 49%
Nonaccrual 3.8%
+1.8pp YoY
+0.3pp QoQ
 +2.9pp 0.9% 1.0% 1.0% 96%
Allowance Coverage 0.48x
-46.3% YoY
-17.1% QoQ
 -23.67x 24.15x 20.41x 20.23x 9%
Net Charge-off Rate (YTD) 0.1%
-0.4pp YoY
0.0pp QoQ
 -0.1pp 0.1% 0.2% 0.2% 67%

Profitability

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
ROE -0.2%
-2.3pp YoY
+5.0pp QoQ
 -12.4pp 12.2% 13.1% 11.6% 3%
Cost of Funds (YTD) 1.9%
-0.5pp YoY
-0.1pp QoQ
 +0.2pp 1.7% 1.7% 1.7% 67%
Net Income ($, YTD) $-33000.0
-107.8% YoY
— QoQ
 -$2.6M $2.6M $4.5M $40.4M 3%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (3)

Liquidity Strain

risk
#107 of 691 • Bottom 15.3% in tier

Loan-to-deposit ratio above 90% - loan demand outpacing deposits. Bumping against liquidity limits, funding solutions needed.

Why this signature
Loan-to-Deposit Ratio: 105.65%
(Tier: 77.95%, National: 79.03%)
worse than tier avg
691 of 691 Community banks match · 1092 nationally
→ Stable +81 banks QoQ | QoQ rank declining

Efficiency Drag

risk
#139 of 361 • Bottom 38.2% in tier

Efficiency ratio above 80% - operating costs elevated relative to revenue. Margin improvement opportunity.

Why this signature
Efficiency Ratio: 106.18%
(Tier: 64.48%, National: 70.05%)
worse than tier avg
361 of 361 Community banks match · 426 nationally
↓ Shrinking -64 banks QoQ | QoQ rank declining

Capital Constraint

risk
#80 of 107 • Bottom 73.8% in tier

Strong balance sheet under pressure - deposits leaving while lending capacity maxed. Need funding solutions before hitting regulatory limits.

Why this signature
Loan-to-Deposit Ratio: 105.65%
(Tier: 77.95%, National: 79.03%)
worse than tier avg
Tier 1 Capital Ratio: 15.33%
(Tier: 15.91%, National: 17.09%)
worse than tier avg
107 of 107 Community banks match · 143 nationally
→ Stable -5 banks QoQ | QoQ rank declining

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 2643 peers in $100M-$1B

Top Strengths (1 metrics)

373
Non-Interest Income / Assets
revenue_mix
Value: 0.41%
Peer Median: 0.57%
#373 of 2643 Top 14.1% in $100M-$1B

Top Weaknesses (5 metrics)

2594
Efficiency Ratio
profitability
Value: 106.18%
Peer Median: 64.48%
#2594 of 2643 Bottom 1.9% in $100M-$1B
2570
Nonperforming Asset Ratio
credit_quality
Value: 3.28%
Peer Median: 0.67%
#2570 of 2643 Bottom 2.8% in $100M-$1B
2559
Return on Assets
profitability
Value: -0.02%
Peer Median: 1.32%
#2559 of 2643 Bottom 3.2% in $100M-$1B
2536
Delinquency Rate
credit_quality
Value: 3.92%
Peer Median: 0.92%
#2536 of 2633 Bottom 3.7% in $100M-$1B
2499
Loan-to-Deposit Ratio
liquidity
Value: 105.65%
Peer Median: 77.95%
#2499 of 2643 Bottom 5.5% in $100M-$1B
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