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Red River State Bank

Halstad, MN
IDRSSD: 1005655
Total Assets
$116.78M
Latest filing
Total Deposits
$98.82M
Latest filing
Net Interest Margin
4.59%
Profitability
0

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 ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date01/01/1934
Community BankYes
Ownership TypeNot Mutual
ZIP56548
State and County Number27107
Subchapter S CorporationsYes
Trust PowersN/A
Federal Reserve ID Number09
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictKansas City
Core Based Statistical Area NameN/A

Operational Info

Number of Employees18
Domestic Offices2
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date06/30/2024
Date of Deposit Insurance05/26/1941
Primary Insurance AgencyDIF
Websitewww.redriverbank.com
Data Updated11/14/2025
CERT15820
Office of The Comptroller District:—
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$116.78M
Total Deposits$98.82M
Total Liabilities$99.64M
Total Equity Capital$17.14M
Net Income$373.00k
Net Loans and Leases$103.57M
Assets Per Employee ($Millions)$6.49M
Bank Premises and Fixed Assets$722.00k
Cash and Balances due from Depository Institutions$0
Deposits Held in Domestic Offices$98.82M

Key Performance Ratios

Return on Assets (ROA)1.28%
Return on Equity (ROE)8.74%
Net Interest Margin4.59%
Efficiency Ratio60.84%
Tier 1 Risk-Based Capital Ratio0%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets0.41%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets14.681%
Earning Assets to total Assets96.73%

Income and Expense

Total Interest Income$1.74M
Total Noninterest Income$28.00k
Total Interest Expense$456.00k
Total Noninterest Expense$800.00k
Net Interest Income$1.29M
Pre-tax Net Operating Income$395.00k
Provision for Credit Losses$120.00k
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$5.09M
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$812.00k
Total Liabilities and Capital$116.78M

Securities

Securities$3.82M
Available-for-sale debt securities$3.82M
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 Red River State Bank?
$116.78M as of the latest filing.
How much are Red River State Bank's total deposits?
$98.82M in total deposits.
Where is Red River State Bank located?
Halstad, MN.
What is the Net Interest Margin?
4.59%.
How many domestic offices does it operate?
2.
When was it established?
01/01/1934.
What is the Return on Assets (ROA)?
1.28%.
How much are total loans and leases?
$103.57M (latest filing).
What is the total interest income (latest filing)?
$1.74M.