Featured Savings Rates
Featured Accounts

The First State Bank of Red Wing

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.00%5-year CD60 Month CD
0.30%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 196th largest bank in the state of Minnesota. It is also the 4,686th largest bank in the nation. It was established in 1915 and as of June of 2017, it had grown to 14 employees at 3 locations. The First State Bank of Red Wing has a B+ health rating.

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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
Employees14
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0%
Return on Equity - YTD0.03%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$79.0MM$76.4MM
LoansQ2 2017vs Q2 2016$23.2MM$21.3MM
DepositsQ2 2017vs Q2 2016$71.5MM$68.4MM
Equity CapitalQ2 2017vs Q2 2016$6.9MM$7.2MM
Loan Loss AllowanceQ2 2017vs Q2 2016$222.00K$224.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$97.00K$316.00K
Real Estate OwnedQ2 2017vs Q2 2016$160.00K$252.00K
Rates
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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
0.40%*$75k*-Golden Money Market Account
OTHER TIERS: 0.00% Up to $10k | 0.20% $10k - $75k
0.20%*$5k*-Money Market Checking
OTHER TIERS: 0.00% Up to $5k

The First State Bank of Red Wing Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$2,500*-Now Account
OTHER TIERS: 0.00% Up to $2,500

The First State Bank of Red Wing CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$500-72 Month CD
1.00%$500-60 Month CD
0.80%$500-48 Month CD
0.60%$500-36 Month CD
0.40%$500-24 Month CD
0.30%$500-12 Month CD
0.20%$500-6 Month CD
0.15%$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