The First State Bank of Red Wing is headquartered in Red Wing and is the 187th largest bank in the state of Minnesota. It is also the 4,096th largest bank in the nation. It was established in 1915 and as of March of 2022, it had grown to 13 employees at 3 locations. The First State Bank of Red Wing has a B+ 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 | 0.2% |
Return on Equity - YTD | 3.16% |
Annual Interest Income | $589.00K |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $90.0MM$92.8MM |
Loans | Q1 2022vs Q1 2021 | $27.6MM$29.9MM |
Deposits | Q1 2022vs Q1 2021 | $85.4MM$85.3MM |
Equity Capital | Q1 2022vs Q1 2021 | $4.6MM$7.1MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $308.00K$306.00K |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $4.00K$0 |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.10% | - | - | Regular Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.30%* | $75k* | - | Golden Money Market Account | ||
OTHER TIERS: 0.20% → $10k - $75k | |||||
0.25% | $5k | - | Money Market Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $2.5k | - | Now Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.75% | $500 | - | 72 Month CD | |
0.60% | $500 | - | 60 Month CD | |
0.50% | $500 | - | 48 Month CD | |
0.40% | $500 | - | 36 Month CD | |
0.25% | $500 | - | 24 Month CD | |
0.20% | $500 | - | 12 Month CD | |
0.15% | $500 | - | 6 Month CD | |
0.10% | $500 | - | 3 Month CD |
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 South Service Drive | Red Wing, MN 55066 |
Mazeppa Branch | First Street and State Highway 60 | Mazeppa, MN 55956 |