Dakota Heritage Bank
Hunter, North Dakota, Cass County
$417M in total assets, the 2,046th largest of 4,309 US banks and 23rd of 60 headquartered in North Dakota.
- FDIC certificate
- 16231
- Established
- 1945
- Owned by
- Hunter Holding Co
- Primary regulator
- FDIC
- Website
- www.dhb.bank
At a glance
Compared with 33 banks headquartered in North Dakota with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $417M | 73% | $257M | |
| Loans | $347M | 79% | $153M | |
| Deposits | $367M | 70% | $227M | |
| Return on assets | 1.85% | 88% | 1.46% | |
| Net interest margin | 4.05% | 70% | 3.82% | |
| Efficiency ratio | 47.8% | 27% | 55.6% | |
| Equity to assets | 9.21% | 36% | 9.71% | |
| Loans to deposits | 95% | 88% | 77% |
Growth
Total assets grew 8.2% a year over the last 5 years and 7.6% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2015 | The National Bank of Harvey Harvey, ND | $52M |
| Mar 2009 | Dakota Heritage Bank Gackle, ND, an affiliate under the same holding company | $42M |
| Jul 2005 | First State Bank of Hope Hope, ND, an affiliate under the same holding company | $18M |
Where they operate
11 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Red Lake County, MN | $79M | 40.7% | 1 of 4 |
| Traill County, ND | $76M | 20.4% | 3 of 5 |
| Wells County, ND | $67M | 19.2% | 3 of 4 |
| Cass County, ND | $40M | 0.4% | 21 of 28 |
| Steele County, ND | $35M | 38.1% | 2 of 3 |
| Stutsman County, ND | $32M | 3.2% | 7 of 7 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 2 branches since 2016 (9 to 11, +22.2%). 2 opened, 0 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 9 | |||
| 2019 | Opened Red Lake Falls | 1 | 0 | +1 | 10 |
| 2021 | Opened Medina | 1 | 0 | +1 | 11 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Agricultural | 42% | 31% | |
| Farmland | 25% | 23% | |
| Commercial real estate | 10% | 14% | |
| 1-4 family residential | 10% | 10% | |
| Business (C&I) | 6% | 12% | |
| Consumer | 5% | 4% | |
| Construction and land | 1% | 3% | |
| Multifamily | 0% | 2% | |
| Other | 1% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 45% | 34% | |
| Other interest-bearing | 38% | 45% | |
| Noninterest-bearing | 17% | 21% |
Brokered deposits are 0.0% of deposits (peers 3.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.62% | 0.44% |
| Net charge-offs, annualized | 0.03% | 0.00% |
| Reserves to loans | 1.27% | 1.17% |
| Leverage ratio | 9.83% | 10.50% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Dakota
Largest competitors in Red Lake County, MN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/dakota-heritage