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 The First State Bank of Red Wing
The First State Bank of Red Wing
| RSSD ID 818559 | CERTIFICATE 8191 | ABA NUMBER 91912547 |
| 3209 S Service Dr |
Quarter Ended : |
2025-03-31 |
| Red Wing, Minnesota, 55066 |
Updated : |
2025-04-30 |
| www.firststatebankredwing.com |
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| Institution Profile |
| Year Opened : |
1915 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
All Other Under 1 Billion |
| Number of Offices : |
3 |
Number of Employees : |
13 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 82,810 |
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Total Interest Income | 745 |
| Total Liabilities | 81,313 |
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Total NonInterest Income | 31 |
| Total Bank Equity Capital | 1,497 |
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Total Interest Expense | 293 |
| Total Deposits | 81,103 |
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Total NonInterest Expense | 545 |
| Net Loans & Leases | 33,080 |
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Net Income | (63) |
| Loan Loss Allowance | 305 |
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Net Charge Offs | 0 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 8,188 |
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Total loans | 32,676 |
| Total assets for the leverage ratio | 86,851 |
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Loans secured by real estate: | 24,283 |
| Tier 1 Leverage Ratio | 9.08 |
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Commercial and industrial loans | 1,733 |
| Tier 1 Capital Ratio | 20.8 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 21.6 |
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Loans to individuals - Other | 4,114 |
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:· The First State Bank of Red Wing
