What is The First State Bank of Red Wing's financial health grade?

The First State Bank of Red Wing has a TFS Financial Health Grade of D+ (score: 59.6/100). This grade is based on capital adequacy, asset quality, earnings, and consumer protection metrics.

How many branches does The First State Bank of Red Wing have?

The First State Bank of Red Wing has 3 branch locations across the United States.

Is The First State Bank of Red Wing FDIC insured?

Yes, The First State Bank of Red Wing is FDIC insured (Certificate #8191).

What are the total assets of The First State Bank of Red Wing?

The First State Bank of Red Wing has total assets of $85.8M as reported in its most recent FDIC filing.

The First State Bank of Red Wing: Safety Grade & Financial Health

BankRed Wing, Minnesota

http://www.firststatebankredwing.com

Total Assets

$85.8M

Total Deposits

$82.4M

Branches

Established

1915

The First State Bank of Red Wing is a bank headquartered in Red Wing, Minnesota, established in 1915. It holds $85.8M in total assets across 3 branch locations. In our editorial opinion, based on public FDIC/NCUA data, The First State Bank of Red Wing earns a TFS Financial Health Grade of D+ (59.6/100) — our editorial assessment, not an official rating or financial advice.

TFS Health Grade

D+

59.6 / 100

Below average financial health

How we grade

TFS Health Grades are our editorial opinion based on public FDIC/NCUA data — not an official rating, not financial advice.

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Capital & Safety

Tier 1 Capital Ratio

9.12%(8%)

Total Capital Ratio

21.35%(10%)

Non-Performing Loan Ratio

1.05%

Profitability

Return on Assets (ROA)

0.18%(1%)

Return on Equity (ROE)

7.24%(10%)

Net Interest Margin

2.57%

Efficiency Ratio

92.98%(60%)

Lending & Liquidity

Total Loans

$35.2M

Loan-to-Deposit Ratio

42.34%

Net Charge-Off Ratio

Other banks in Minnesota

RED WING

Red Wing, MN

$205.0M

Ameriprise Bank, FSB

Bank

Minneapolis, MN

$25.3B

B-

WINGS FINANCIAL

Apple Valley, MN

$9.3B

TRUSTONE FINANCIAL

Plymouth, MN

Growth

Asset Growth (YoY)

+6.45%

Deposit Growth (YoY)

+3.50%

Net Income

$151.0K

Data sourced from FDIC BankFind Suite / NCUA Call Reports as of 2025-Q4. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

No CFPB complaints found for this institution.

Data sourced from CFPB Consumer Complaint Database. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

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Branch	Address	City	State	Type
The First State Bank of Red WingHQ	3209 S Service Dr	Red Wing	MN	11
The First State Bank of Red Wing	First Street And State Highway 60	Mazeppa	MN	11
The First State Bank of Red Wing	115 1st St Ne	Medford	MN	11

Data sourced from FDIC BankFind Suite. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

Institution Details

Institution TypeBank

FDIC Certificate #8191

Primary RegulatorFDIC

FDIC/NCUA InsuredYes

Data sourced from FDIC / NCUA. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

TFS Financial Health Grades represent our editorial assessment based on publicly available data and our proprietary methodology. They do not represent financial advice or an official government rating. Data on this page is sourced from federal government databases and is believed to be accurate.