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.
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 | 0.37% |
Return on Equity - YTD | 6.89% |
Annual Interest Income | $1.2MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $92.5MM$94.4MM |
Loans | Q2 2022vs Q2 2021 | $29.6MM$29.3MM |
Deposits | Q2 2022vs Q2 2021 | $89.6MM$86.6MM |
Equity Capital | Q2 2022vs Q2 2021 | $2.8MM$7.3MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $306.00K$306.00K |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1,000$0 |
Real Estate Owned | Q2 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 | ||
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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 |