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The First State Bank Of Red Wing
Red Wing, MN · FDIC Certificate #8191 · Chartered 10/1
Total assets
$86.35M
Total deposits
$83.08M
Total equity
$3.09M
Net loans
$34.22M
Branches (offices)
3
Net income (YTD)
-$10.00K
Rank: #3,784 of 4,213 U.S. banks by assets · #179 of 221 in Minnesota. Assets changed 1.6% and deposits 0.5% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | -0.02% |
| Return on equity | -0.66% |
| Net interest margin (YTD) | 2.66% |
| Equity to assets | 3.58% |
| Tier 1 leverage ratio | 8.96% |
| Uninsured deposits (share of deposits) | 28.3% |
| Noncurrent loans (share of loans) | 1.07% |
| Net charge-offs (share of loans) | 0.00% |
| Loans to deposits | 41.2% |
| Real estate loans (share of loans) | 77.3% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $26.44M | 77.3% | |
| Commercial & industrial | $2.15M | 6.3% | |
| Consumer / individual | $3.91M | 11.4% | |
| Construction & development | $339.00K | 1.0% | |
| Agricultural | $1.66M | 4.8% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $92.51M | $89.62M | $169.00K | $2.82M |
| Jun 2023 | $80.17M | $79.13M | $533.00K | -$62.00K |
| Jun 2024 | $79.61M | $76.40M | -$67.00K | $458.00K |
| Jun 2025 | $84.97M | $82.64M | -$19.00K | $2.16M |
| Jun 2026 | $86.35M | $83.08M | -$10.00K | $3.09M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $83.08M | 3 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $83.08M.
Similar-sized banks
Farmers And Merchants State Bank Of Bushnell ($86.46M) · The Farmers State Bank ($86.25M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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