The First State Bank of Red Wing

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.00%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.30%	1-year CD	12 Month CD 1.40% - Synchrony Bank 12 Month CD
0.15%	Savings	Regular Savings 1.20% - Goldman Sachs Bank USA Online Savings

View all The First State Bank of Red Wing rates »

Overview / Commentary

www.firststatebankredwing.com

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 195^th largest bank in the state of Minnesota. It is also the 4,736^th largest bank in the nation. It was established in 1915 and as of March 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+

Data as of Q1 2017

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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 Established	1915
Employees	14
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	-0.09%
Return on Equity - YTD	-1.02%
Annual Interest Income	$503.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$78.6MM$75.5MM
Loans	Q1 2017vs Q1 2016	$23.5MM$20.3MM
Deposits	Q1 2017vs Q1 2016	$71.4MM$67.8MM
Equity Capital	Q1 2017vs Q1 2016	$6.8MM$7.0MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$222.00K$224.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$448.00K$351.00K
Real Estate Owned	Q1 2017vs Q1 2016	$160.00K$252.00K

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The First State Bank of Red Wing Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	-	-	Regular Savings

The First State Bank of Red Wing Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%^*	$2,500^*	-	Now Account
OTHER TIERS: 0.00% → Up to $2,500

The First State Bank of Red Wing CD Rates

APY	MIN	MAX	ACCOUNT NAME
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 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