Red River State Bank

300 2nd Avenue
Halstad, MN 56548

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15820
Date Established 1934
Assets $0.09 billion
Loans $0.07 billion
Deposits $0.09 billion
Capital $0.01 billion

Red River State Bank is an FDIC insured institution located in Halstad, MN. It was founded in 1934 and has approximately $0.09 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of Red River State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Red River State Bank’s loan portfolio are Commercial and Industrial Loans, Farm Loans, and 1-4 Family Residential Loans.

Compared to other banks in Minnesota, Red River State Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 9.52
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.53
Small Business Loans 2.61
Construction and Development Loans 1.84
Commercial Real Estate 2.61
Commercial and Industrial Loans 45.72
Farm Loans 20.76

Deposit Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1,000 $100,000 Learn MoreShow Less
Money Market
0.15% $1,000 $100,000 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn MoreShow Less
6 Mo CD
0.75% $1,000 - Learn MoreShow Less
12 Mo CD
1.15% $1,000 - Learn MoreShow Less
24 Mo CD
1.30% $1,000 - Learn MoreShow Less
36 Mo CD
1.60% $1,000 - Learn MoreShow Less
48 Mo CD
1.80% $1,000 - Learn MoreShow Less
60 Mo CD
2.50% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.00% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Red River State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
3.385% 3.375% 0.13 $312 $1,106 Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More
Hamilton National Mortgage Co.
NMLS ID: 122701
3.636% 3.625% 0.13 $338 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

Note to Red River State Bank
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Branches

Red River State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Red River State Bank Locations


Financial Details

Red River State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Red River State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Red River State Bank U.S. Bank Average
1.52% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, Red River State Bank had $140,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,662,000 in equity and $578,000 in loans loss reserves. That gives it a Texas Ratio of 1.52%.

Return on Equity
Red River State Bank U.S. Bank Average
15.17% 8.80%

Red River State Bank has a Return on Equity of 15.17% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Red River State Bank U.S. Bank Average
9.19% 12.29%

Red River State Bank has a Capitalization of 9.19% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Red River State Bank Balance Sheet Analysis

As of December 31, 2018, Red River State Bank had assets of $94,238,000, loans of $68,920,000, and deposits of $85,413,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.07 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.09 billion
LIABILITIES
Total deposits $0.09 billion
      Interest-bearing deposits $0.06 billion
      Deposits held in domestic offices $0.09 billion
      % insured (estimated) 83.64%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.09 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Red River State Bank

Branches and Savings

Is Red River State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15820.

Why does Red River State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Red River State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Red River State Bank a commercial bank?

Yes

Where are Red River State Bank locations?

See branch locations nearby.

Is Red River State Bank open on Saturdays?

Is Red River State Bank open on Sundays?

What time does Red River State Bank open?

What time does Red River State Bank close?

Are Red River State Bank ATMs Open 24/7?

Do Red River State Bank ATMs accept cash deposits?

Can Red River State Bank customers use other ATMs?

Do Red River State Bank branches have notaries?

Will Red River State Bank notarize my document?

What address for Red River State Bank should I put for incoming ACH transfers?

Will the Red River State Bank branch print checks?

Do Red River State Bank checks expire?

Does Red River State Bank require US citizenship to open account?

Can Red River State Bank close my account?

Does Red River State Bank Report to credit bureaus?

Does Red River State Bank Use Equifax?

What is Red River State Bank's ACH Routing Number?

What is Red River State Bank's SWIFT code?

Products

Does Red River State Bank offer mortgages?

Compare mortgage rates here.

Does Red River State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Red River State Bank offer personal loans?

Compare personal loan rates here.

Does Red River State Bank offer student loans?

Will Red River State Bank cash a check?

Will Red River State Bank redeem a savings bond?

Does Red River State Bank cash savings bonds?

Will Red River State Bank cash money orders?

Can Red River State Bank issue a money order?

Does Red River State Bank do currency exchange?

Background on The Bank

Who owns Red River State Bank?

How long has Red River State Bank been around?

Can Red River State Bank transfer to other banks?

Does Red River State Bank have quick pay?

Does Red River State Bank accept rolled coins?

Will Red River State Bank accept loose change?

Where is Red River State Bank headquarters?

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