The First State Bank of Red Wing
Red Wing, MN
IDRSSD: 818559
Total Assets
$84.53M
Latest filing
Total Deposits
$81.58M
Latest filing
Net Interest Margin
2.69%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
The First State Bank of Red Wing
3209 S Service Dr
Red Wing, MN 55066
Full Service - Brick and Mortar
Updated 11/14/2025Established 10/14/1915FDIC Certificate 5217
Branches (2)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| The First State Bank of Red Wing (Main) | 3209 S Service Dr | Red Wing, MN |
| MEDFORD BRANCH | 115 1st St Ne | Medford, MN |
| MAZEPPA BRANCH | First Street And State Highway 60 | Mazeppa, MN |
Showing 2 of 2
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 10/14/1915 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55066 |
| State and County Number | 27049 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Red Wing, MN |
Operational Info
| Number of Employees | 13 |
| Domestic Offices | 3 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | http://www.firststatebankredwing.com |
| Data Updated | 11/14/2025 |
| CERT | 8191 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $84.53M |
| Total Deposits | $81.58M |
| Total Liabilities | $81.78M |
| Total Equity Capital | $2.75M |
| Net Income | $103.00k |
| Net Loans and Leases | $35.50M |
| Assets Per Employee ($Millions) | $6.5M |
| Bank Premises and Fixed Assets | $1.94M |
| Cash and Balances due from Depository Institutions | $10.79M |
| Deposits Held in Domestic Offices | $81.58M |
Key Performance Ratios
| Return on Assets (ROA) | 0.49% |
| Return on Equity (ROE) | 16.81% |
| Net Interest Margin | 2.69% |
| Efficiency Ratio | 82.02% |
| Tier 1 Risk-Based Capital Ratio | 20.242% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 3.25% |
| Earning Assets to total Assets | 94.76% |
Income and Expense
| Total Interest Income | $833.00k |
| Total Noninterest Income | $33.00k |
| Total Interest Expense | $293.00k |
| Total Noninterest Expense | $470.00k |
| Net Interest Income | $540.00k |
| Pre-tax Net Operating Income | $103.00k |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $197.00k |
| Total Liabilities and Capital | $84.53M |
Securities
| Securities | $35.23M |
| Available-for-sale debt securities | $35.23M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of The First State Bank of Red Wing?
$84.53M as of the latest filing.
How much are The First State Bank of Red Wing's total deposits?
$81.58M in total deposits.
Where is The First State Bank of Red Wing located?
Red Wing, MN.
What is the Net Interest Margin?
2.69%.
How many domestic offices does it operate?
3.
When was it established?
10/14/1915.
What is the Return on Assets (ROA)?
0.49%.
How much are total loans and leases?
$35.50M (latest filing).
What is the total interest income (latest filing)?
$833.00k.