Dakota Heritage Bank


109 Main Street
Hunter, ND 58048
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.60% 0.70% →
2-Year CD 0.75% 0.75% →
5-Year CD 1.25% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Dakota Heritage Bank is an FDIC insured institution located in Hunter, ND. It was founded in 1945 and has approximately $0.28 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 16231
Date Established 1945
Assets $ 280.73 million
Loans $ 158.42 million
Deposits $ 251.44 million
Capital $ 25.10 million

For a more detailed analysis of Dakota Heritage Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 19, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.10% $10 - Learn More
Money Market
0.15% $2,500 $24,999 Learn More
Money Market
0.20% $25,000 $49,999 Learn More
6 Mo CD
0.40% $500 - Learn More
12 Mo CD
0.60% $500 - Learn More
18 Mo CD
0.65% $500 - Learn More
24 Mo CD
0.75% $500 - Learn More
30 Mo CD
0.80% $2,500 - Learn More
36 Mo CD
0.90% $500 - Learn More
48 Mo CD
1.00% $500 - Learn More
60 Mo CD
1.25% $500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $750 - Learn MoreShow Less

Loan Rates - September 19, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Dakota Heritage Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 330511
2.937% 2.875%
0.75 points
$2,010 fees
$1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Dakota Heritage Bank
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Financial Details

Dakota Heritage Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Dakota Heritage Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Dakota Heritage Bank U.S. Bank Average
0.62% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, Dakota Heritage Bank had $170,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $25,098,000 in equity and $2,286,000 in loans loss reserves. That gives it a Texas Ratio of 0.62%.

Return on Equity
Dakota Heritage Bank U.S. Bank Average
9.33% 11.43%

Dakota Heritage Bank has a Return on Equity of 9.33% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Dakota Heritage Bank U.S. Bank Average
8.94% 11.51%

Dakota Heritage Bank has a Capitalization of 8.94% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Dakota Heritage Bank Balance Sheet Analysis

As of March 31, 2021, Dakota Heritage Bank had assets of $280,728,000, loans of $158,416,000, and deposits of $251,441,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
Cash & Balances due from depository institutions $ 10.49 million
Interest-bearing balances $ 1.05 million
Total securities $ 30.07 million
Federal funds sold and reverse repurchase $ 70.00 million
Net loans and leases $ 158.42 million
Loan loss allowance $ 2.29 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.71 million
All other assets $ 8.04 million
     Total Assets $ 255.63 million
Total deposits $ 251.44 million
      Interest-bearing deposits $ 190.93 million
      Deposits held in domestic offices $ 251.44 million
      % insured (estimated) 82.78%
Federal funds purchased and repurchase agreements $ 0.20 million
Trading liabilities N.A.
Other borrowed funds $ 3.10 million
Subordinated debt N.A.
All other liabilities $ 0.89 million
      Total Liabilities $ 255.63 million
      Shareholders’ Equity $ 25.10 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 2.21 million
Total Interest Expense $ 0.34 million
Net interest income $ 1.88 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.12 million
Total non interest expense $ 1.41 million
Pre-tax Net Operating Income $ 0.59 million

Bank Loan Profile?

The top three loan types in Dakota Heritage Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks, Dakota Heritage Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 7.96
Credit Card Loans 0.11
Consumer Auto Loans 2.45
Small Business Loans 0.00
Construction and Development Loans 0.65
Commercial Real Estate 5.99
Commercial and Industrial Loans 16.55
Farm Loans 39.56

Frequently Asked Questions About Dakota Heritage Bank

Branches and Savings

Is Dakota Heritage Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16231.

Why does Dakota Heritage Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Dakota Heritage Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Dakota Heritage Bank a commercial bank?


Where are Dakota Heritage Bank locations?

See branch locations nearby.

Is Dakota Heritage Bank open on Saturdays?

Is Dakota Heritage Bank open on Sundays?

What time does Dakota Heritage Bank open?

What time does Dakota Heritage Bank close?

Are Dakota Heritage Bank ATMs Open 24/7?

Do Dakota Heritage Bank ATMs accept cash deposits?

Can Dakota Heritage Bank customers use other ATMs?

Do Dakota Heritage Bank branches have notaries?

Will Dakota Heritage Bank notarize my document?

What address for Dakota Heritage Bank should I put for incoming ACH transfers?

Will the Dakota Heritage Bank branch print checks?

Do Dakota Heritage Bank checks expire?

Does Dakota Heritage Bank require US citizenship to open account?

Can Dakota Heritage Bank close my account?

Does Dakota Heritage Bank Report to credit bureaus?

Does Dakota Heritage Bank Use Equifax?

What is Dakota Heritage Bank's ACH Routing Number?

What is Dakota Heritage Bank's SWIFT code?


Does Dakota Heritage Bank offer mortgages?

Compare mortgage rates here.

Does Dakota Heritage Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Dakota Heritage Bank offer personal loans?

Compare personal loan rates here.

Does Dakota Heritage Bank offer student loans?

Will Dakota Heritage Bank cash a check?

Will Dakota Heritage Bank redeem a savings bond?

Does Dakota Heritage Bank cash savings bonds?

Will Dakota Heritage Bank cash money orders?

Can Dakota Heritage Bank issue a money order?

Does Dakota Heritage Bank do currency exchange?

Background on The Bank

Who owns Dakota Heritage Bank?

How long has Dakota Heritage Bank been around?

Can Dakota Heritage Bank transfer to other banks?

Does Dakota Heritage Bank have quick pay?

Does Dakota Heritage Bank accept rolled coins?

Will Dakota Heritage Bank accept loose change?

Where is Dakota Heritage Bank headquarters?

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