Red River State Bank
Halstad, MN
IDRSSD: 1005655
Total Assets
$120.36M
Latest filing
Total Deposits
$103.20M
Latest filing
Net Interest Margin
3.51%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Red River State Bank
300 2nd Ave W
Halstad, MN 56548
Full Service - Brick and Mortar
Updated 01/30/2026Established 01/01/1934FDIC Certificate 10063
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Red River State Bank (Main) | 300 2nd Ave W | Halstad, MN |
| FERTILE BRANCH | 114 N Mill St | Fertile, MN |
Showing 1 of 1
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 | 01/01/1934 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56548 |
| State and County Number | 27107 |
| 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 | N/A |
Operational Info
| Number of Employees | 18 |
| Domestic Offices | 2 |
| 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 | 05/26/1941 |
| Primary Insurance Agency | DIF |
| Website | www.redriverbank.com |
| Data Updated | 01/30/2026 |
| CERT | 15820 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $120.36M |
| Total Deposits | $103.20M |
| Total Liabilities | $103.89M |
| Total Equity Capital | $16.47M |
| Net Income | $-681,000 |
| Net Loans and Leases | $103.72M |
| Assets Per Employee ($Millions) | $6.02M |
| Bank Premises and Fixed Assets | $706.00k |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $103.20M |
Key Performance Ratios
| Return on Assets (ROA) | -2.3% |
| Return on Equity (ROE) | -16.21% |
| Net Interest Margin | 3.51% |
| Efficiency Ratio | 108.53% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 1.92% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 13.685% |
| Earning Assets to total Assets | 96.52% |
Income and Expense
| Total Interest Income | $1.46M |
| Total Noninterest Income | $27.00k |
| Total Interest Expense | $453.00k |
| Total Noninterest Expense | $1.12M |
| Net Interest Income | $1.00M |
| Pre-tax Net Operating Income | $-658,000 |
| Provision for Credit Losses | $570.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $9.13M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $686.00k |
| Total Liabilities and Capital | $120.36M |
Securities
| Securities | $3.32M |
| Available-for-sale debt securities | $3.32M |
| Equity securities with readily determinable fair values not held for trading | — |
| 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?
$120.36M as of the latest filing.
How much are Red River State Bank's total deposits?
$103.20M in total deposits.
Where is Red River State Bank located?
Halstad, MN.
What is the Net Interest Margin?
3.51%.
How many domestic offices does it operate?
2.
When was it established?
01/01/1934.
What is the Return on Assets (ROA)?
-2.3%.
How much are total loans and leases?
$103.72M (latest filing).
What is the total interest income (latest filing)?
$1.46M.