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The First State Bank of Red Wing


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 186th largest bank in the state of Minnesota. It is also the 4,312th largest bank in the nation. It was established in 1915 and as of December of 2019, it had grown to 13 employees at 3 locations. The First State Bank of Red Wing's money market rates are 14% higher than the national average, and it has a B+ health rating.

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Health
B+

Data as of Q4 2019

Learn why bank health matters
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
Employees13
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.1%
Return on Equity - YTD1.11%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$79.0MM$79.5MM
LoansQ4 2019vs Q4 2018$21.4MM$23.1MM
DepositsQ4 2019vs Q4 2018$71.1MM$72.7MM
Equity CapitalQ4 2019vs Q4 2018$7.3MM$6.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$202.00K$185.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$7.00K$50.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$160.00K
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Regular Savings

The First State Bank of Red Wing Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$75k*-Golden Money Market Account
OTHER TIERS: 0.35% → $10k - $75k
0.25%$5k-Money Market Checking

The First State Bank of Red Wing Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$2.5k-Now Account

The First State Bank of Red Wing CD Rates

APYMINMAXACCOUNT NAMEVIEW 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
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

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