Red River State Bank
FDIC #15820
📍 Halstad, Minnesota
Red River State Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1934. With assets of $123.70 Million, it operates 2 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: June 1, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
June 1, 2023
Satisfactory
July 1, 2017
Satisfactory
May 1, 2012
Satisfactory
💰 Financial Strength
Total Assets$123.70 Million
Total Deposits$106.34 Million
Equity Capital$16.91 Million
Net Income$1.88 Million
📈 Performance
ROA2.01%
ROE15.71%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1934
FDIC Cert15820
Holding CoRed River Finl Services Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:00 AM - 5:30 PM
Tuesday8:00 AM - 5:30 PM
Wednesday8:00 AM - 5:30 PM
Thursday8:00 AM - 6:00 PM
Friday8:00 AM - 5:30 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2015
Merger / Acquisition
Acquired: First State Bank Of Fertile
2004
Relocation
Moved HQ to: 300 2nd Avenue, Halstad, MN 56548.