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The First State Bank of Red Wing, Financial Information

About The First State Bank of Red Wing

 Address:
3209 South Service Drive
Red Wing, MN
Goodhue County, Minnesota
 Established:
Oct 1915
 Number of domestic offices:
3
Total assets$92M
Net income$0M
Net income, quarterly$0M
Total deposits$83M
Domestic deposits$83M
Equity capital$8M
ROA0.22%
ROAQ, quarterly0.07%
ROA, pretax0.07%
ROAQ, quarterly, pretax0.11%
ROE2.45%
ROEQ, quarterly0.81%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

First State Bank of Red Wing was founded in 1915 and is the only locally-owned, family-owned bank in Red Wing, Minnesota. The bank currently have around $70 million in assets.

First State Bank of Red Wing is a full service bank, offering a variety of deposit accounts, loans and mortgages, and other financial services designed to make banking easier for you. The bank have 3 full service bank locations located in Red Wing, Mazeppa, and Medford MN.

Red Wing Office
3209 South Service Drive
Red Wing, MN 55066
Phone: 651-388-4714
Fax: 651-388-9342

Mazeppa Office
First Street and Highway 60
Mazeppa, MN 55956
Phone: 507-843-4345
Fax: 507-843-4001

Medford Office
115 1st Street NE
Medford, MN 55049
Phone: 507-451-2122
Fax: 507-451-5681

24 Hour Telephone Banking: 1-800-545-0539

Historical Data