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 3,948th largest bank in the nation. It was established in 1915 and as of March of 2025, it had grown to 13 employees at 3 locations. The First State Bank of Red Wing has a C- health rating.
Overall | |
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FDIC Certificate # | 8191 |
Year Established | 1915 |
Employees | 13 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | -0.31% |
Return on Equity - YTD | -21.9% |
Annual Interest Income | $745K |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $82.8MM$82.9MM |
Loans | Q1 2025vs Q1 2024 | $33.1MM$33.3MM |
Deposits | Q1 2025vs Q1 2024 | $81.1MM$76.7MM |
Equity Capital | Q1 2025vs Q1 2024 | $1.5MM$508K |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $305K$305K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $440K$0 |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
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The First State Bank of Red Wing Locations | ||
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Medford Branch | 115 First Street, N.E. | Medford, MN 55049 |
The First State Bank Of Red Wing | 3209 S Service Dr | Red Wing, MN 55066 |
Mazeppa Branch | First Street and State Highway 60 | Mazeppa, MN 55956 |
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