The First State Bank of Red Wing

Overview / Commentary
3209 South Service Drive
Red Wing, MN 55066

The First State Bank of Red Wing is headquartered in Red Wing and is the 186th largest bank in the state of Minnesota. It is also the 4,057th largest bank in the nation. It was established in 1915 and as of June of 2022, it had grown to 13 employees at 3 locations. The First State Bank of Red Wing has a B+ health rating.


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

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

FDIC Certificate #8191
Year Established1915
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.37%
Return on Equity - YTD6.89%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$92.5MM$94.4MM
LoansQ2 2022vs Q2 2021$29.6MM$29.3MM
DepositsQ2 2022vs Q2 2021$89.6MM$86.6MM
Equity CapitalQ2 2022vs Q2 2021$2.8MM$7.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$306.00K$306.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1,000$0
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for The First State Bank of Red Wing are currently being reviewed.


The First State Bank of Red Wing Locations
Medford Branch115 First Street, N.E.Medford, MN 55049
The First State Bank Of Red Wing3209 S Service DrRed 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 [email protected] 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.