The First State Bank of Red Wing


Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.27%5-year CD60 Month CD
0.50%1-year CD12 Month CD
0.15%SavingsRegular Savings

Overview / Commentary
651-388-4714
3209 South Service Drive
Red Wing, MN 55066

The First State Bank of Red Wing is headquartered in Red Wing and is the 190th largest bank in the state of Minnesota. It is also the 4,527th largest bank in the nation. It was established in 1915 and as of June of 2018, it had grown to 13 employees at 3 locations. The First State Bank of Red Wing's money market rates are 14% higher than the national average, and it has a B+ health rating.

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. The First State Bank of Red Wing has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #8191
Year Established1915
Employees13
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.06%
Return on Equity - YTD0.76%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$79.3MM$79.0MM
LoansQ2 2018vs Q2 2017$22.7MM$23.2MM
DepositsQ2 2018vs Q2 2017$72.8MM$71.5MM
Equity CapitalQ2 2018vs Q2 2017$6.4MM$6.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$186.00K$222.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$139.00K$97.00K
Real Estate OwnedQ2 2018vs Q2 2017$160.00K$160.00K
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not The First State Bank of Red Wing; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The First State Bank of Red Wing Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Regular Savings

The First State Bank of Red Wing Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$75k*-Golden Money Market Account
OTHER TIERS: 0.40% $10k - $75k
0.35%$5k-Money Market Checking

The First State Bank of Red Wing Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$2.5k-Now Account

The First State Bank of Red Wing CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$500-72 Month CD
1.27%$500-60 Month CD
1.01%$500-48 Month CD
0.80%$500-36 Month CD
0.60%$500-24 Month CD
0.50%$500-12 Month CD
0.35%$500-6 Month CD
0.20%$500-3 Month CD
Locations


The First State Bank of Red Wing Locations
Medford Branch115 First Street, N.E.Medford, MN 55049
The First State Bank Of Red Wing3209 South Service DriveRed Wing, MN 55066
Mazeppa BranchFirst Street and State Highway 60Mazeppa, MN 55956

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.