# HEARTLAND STATE BANK
REDFIELD, SD · FDIC certificate 9007 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $154.0M | |
| Deposits | $135.1M | |
| Loans and leases | $122.3M | |
| Total equity | $14.4M | |
| Loans / deposits | 89.85% (p79 of band) | 73.59% |
| Liquid assets / assets | 16.27% (p14 of band) | |
| Uninsured deposits / deposits | 20.55% (p53 of band) | 19.81% |
| Brokered deposits | 6.02% | |
| Wholesale funding | 8.52% (p82 of band) | |
| FHLB advances / assets | 2.37% | |
| Tier 1 leverage | 9.93% (p23 of band) | 11.76% |
| Unrealized securities loss / equity | -6.58% (p50 of band) | -6.57% |
| AOCI / equity | 0.17% (p91 of band) | |
| ROA (annualized) | 2.43% (p93 of band) | 1.17% |
| Net interest margin | 5.25% (p94 of band) | 3.93% |
| Efficiency ratio | 53.60% (p20 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p17 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 25% | |
| Construction % of loans | 0.00% (p9 of band) | |
| Auto loans | $594,000 (0.49% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 9.9% | |
| Employees | 25 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | loans exceed deposits |  |
| 2011-09 | 2 | wholesale funding >15% |  |
| 2011-12 | 1 |  | wholesale funding >15% |
| 2012-03 | 0 |  | loans exceed deposits |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 1 | loans exceed deposits |  |
| 2013-12 | 0 |  | loans exceed deposits |
| 2014-03 | 0 |  |  |
| 2014-06 | 1 | uninsured deposits leaving |  |
| 2014-09 | 4 | loans exceed deposits, deposits shrinking, assets shrinking |  |
| 2014-12 | 3 |  | loans exceed deposits |
| 2015-03 | 0 |  | uninsured deposits leaving, deposits shrinking, assets shrinking |
| 2015-06 | 1 | brokered >10% |  |
| 2015-09 | 0 |  | brokered >10% |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | capital falling |  |
| 2016-09 | 1 | loans exceed deposits | capital falling |
| 2016-12 | 0 |  | loans exceed deposits |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | charge-offs p90 |  |
| 2017-09 | 2 | loans exceed deposits |  |
| 2017-12 | 0 |  | charge-offs p90, loans exceed deposits |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | loans exceed deposits |  |
| 2018-09 | 4 | wholesale funding >15%, capital falling, uninsured deposits leaving |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 2 | brokered >10%, reserve under noncurrent | loans exceed deposits, wholesale funding >15%, capital falling, uninsured deposits leaving |
| 2019-06 | 4 | loans exceed deposits, wholesale funding >15% |  |
| 2019-09 | 4 | uninsured deposits leaving | brokered >10% |
| 2019-12 | 2 | capital falling, charge-offs p90 | reserve under noncurrent, loans exceed deposits, wholesale funding >15%, uninsured deposits leaving |
| 2020-03 | 0 |  | capital falling, charge-offs p90 |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | capital falling |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | AOCI drag >20% of equity |  |
| 2022-06 | 2 | securities losses >30% of equity |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 5 | brokered >10%, wholesale funding >15%, capital falling |  |
| 2023-03 | 4 | uninsured deposits leaving | AOCI drag >20% of equity, brokered >10% |
| 2023-06 | 5 | brokered >10% |  |
| 2023-09 | 1 |  | wholesale funding >15%, capital falling, uninsured deposits leaving, brokered >10% |
| 2023-12 | 1 | wholesale funding >15% | securities losses >30% of equity |
| 2024-03 | 0 |  | wholesale funding >15% |
| 2024-06 | 1 | wholesale funding >15% |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2025-03 | 0 |  | wholesale funding >15%, deposits shrinking, uninsured deposits leaving |
| 2025-06 | 1 | wholesale funding >15% |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 0 |  | wholesale funding >15% |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-15 [Spink County Commission – Notice of 1.6.26 Proceedings - Aberdeen Insider](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPTzZhRG5DLWRoUlhRZ3gyYkpjTXNjOHZHU2t2dWhYS01FZzQ3LWpZTTBxWGNkdjRYc0I4M3NjR2lpQ1ZlYUoxWjhfOHJQUDZiVEkzRGV0YzdDODlHMnZQd0pIVlF1RnFPOXM4NzNJRXU3U3h6M2hHemtpU2dRZGZwYjhqLVZNUHVK?oc=5) · Aberdeen Insider
- 2019-04-01 [Amy Elizabeth Carlson - Eddy Funeral Home](https://news.google.com/rss/articles/CBMiZEFVX3lxTE5YYlVJRkVjNmdONm1hZjYxY1I4b2pTc3Q1RGpKaGw1X0V4OElkMkg0d1liNUttYURHSUFLX2VWckNIc1lHZzVkblQwRzA4VnJoWFVGa2ZrTjNlRzV6eEF1SXd0em8?oc=5) · Eddy Funeral Home
- 2020-07-07 [SBA releases list of businesses that benefited from PPP loans - SiouxFalls.Business](https://news.google.com/rss/articles/CBMilAFBVV95cUxQck1HenhZN1ZQYkZJMHJWVjVURW5FTHJiWGUxRXhXbTJwOVdNTWRSQjVkUmtoSjQ1Tk1qc1h2UmQ3OWx4LUJLVTd3TUlYekRFSmNLZmtFMWU0WmFDWkI5cEFIRWNoVWpaU0dsUFR1UEdlZGFQTHliOU56eXc2cDVxRkFuOTUtRjl0MUpRRnl0Uld6OG9T?oc=5) · SiouxFalls.Business
- 2011-06-09 [South Dakota Livestock Auction Markets Association 2011 annual meeting - Tri-State Livestock News](https://news.google.com/rss/articles/CBMingFBVV95cUxNUUs1cmVJN3dMb3RsallUazBmRkVDNlVQUkN6NWM5MUJZRkpFUm8tMG5sQ2RQTHZkc0s3QUZWMVI2cnNlbGZUT1JuRmJ4TDBrVjBLaEE4V0FOQlYySlAyRWg5TFctU2QtR1dmMGxCMEVrbXlXbjFZWEloeVV2M21HRGNrZEc4bVU1YnZ5YnZCbzJ3VjJGNjhLTDRVNTJjQQ?oc=5) · Tri-State Livestock News
- 2024-03-13 [Wyatt Lee Rowland Obituary (2024) - Gettysburg, SD - Luze Funeral Home - Highmore - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxPdEtlbG40bW54SnVfWHVIZXZZNldXYjdTMlZPamVzZmd5Z1VQQUFpTy1jbTR0NlpMZGlQY1E0TVc1VjEydWhfM2diUWs1blhCX0xxd0VDUmpjUTItcXc5UmhKTU16Y1l4c2NOMFprQVlnXzEyOXg2NGNkT0Q4SWFYNHln?oc=5) · legacy.com
- 2018-10-02 [Here are all of the banks that currently support Apple Pay - iMore](https://news.google.com/rss/articles/CBMid0FVX3lxTE9ZY3JkQUdrNTNjWmMzVFk2QXBlWExaRnI3bjVsQ28wVlFRWUc5TEVWMm5TWkZ6RmtKTTNZRUhKbExyS25yb2pnRTc5VklBeW13Mzk0aU9MWVNGbHpiMDJUM1pfOVFvdFhCdGpNLUJQVG9ybXYzNlc4?oc=5) · iMore
- 2026-08-13 [Spink County – Notice of 8.3.26 Minutes - Aberdeen Insider](https://news.google.com/rss/articles/CBMidEFVX3lxTE80ZHN6aXNPam5nYnlCeVNjM3hSSThmSUViTUZ0czlVR1d6SEVBNEZmaDUxR0FoanR4NmplaW5pdDc5Q1pHME9YaEY2OG1KeGJZdXB5V24wZFVsbUplTVV0cnJtcVVKTkhiMHczTE53dGhKLWFU?oc=5) · Aberdeen Insider

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9007 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/47.json (key "9007", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide