The First State Bank of Red Wing: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
The First State Bank of Red Wing, based in Red Wing, Minnesota, reported $86 million in assets at June 30, 2026, up 1.6% from a year earlier. It keeps 2.52 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median 3.88 cents). It also funds 8.96% of its assets with Tier 1 capital, lower than about 9 in 10 banks its size (median 13.06%).
Earnings fell sharply: quarterly net income of $5,000 was 89% below a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $5.4 million equal 67% of Tier 1 capital, down from 78% a year earlier. Costs are the weak spot: it spends about 98 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 69 cents).
As of June 30, 2026, The First State Bank of Red Wing reported a CET1 capital ratio of 21.81%, a return on assets of 0.02%, a nonperforming-loan ratio of 1.07% and a Texas ratio of 12.60%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 3209 S Service Dr, Red Wing, MN 55066
- County
- Goodhue
- Metro Area
- Red Wing, MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- October 14, 1915
- Former names
- The First State Bank of Red Wing (1966); Farmers State Bank of Red Wing (1958-1966)
- Offices
- 3 domestic
- Employees (FTE)
- 13
- Domestic deposits
- $83.1M
- Allowance for credit losses
- $293K
- Net charge-offs (YTD)
- $0
- Average total assets
- $90.7M
- Average total loans
- $35.0M
- Average interest-bearing deposits
- $65.4M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8191
- Fed RSSD
- 818559
- Parent Holding Company
- NOBLE BANK HOLDING COMPANY, INC. (RSSD 1127548)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
No provision recorded in the last 12 quarters.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full The First State Bank of Red Wing terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock The First State Bank of Red Wing, freeThe First State Bank of Red Wing rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 21.81% | 0.02% | 1.07% | 12.60% | 2.52% |
| Q1 2026 | 21.14% | -0.07% | 1.07% | 14.17% | 2.52% |
| Q4 2025 | 20.60% | 0.30% | 1.05% | 12.05% | 2.61% |
| Q3 2025 | 20.24% | 0.46% | 1.03% | 14.25% | 2.61% |
| Q2 2025 | 20.21% | 0.20% | 1.45% | 25.46% | 2.30% |
| Q1 2025 | 20.80% | -0.29% | 1.32% | 32.54% | 2.18% |
| Q4 2024 | 21.03% | 0.16% | 1.13% | 56.15% | 2.23% |
| Q3 2024 | 20.42% | 0.45% | 0.00% | 0.00% | 2.48% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 3 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Medford Branch | Medford , MN | 55049 | $32.6M |
| Mazeppa Branch | Mazeppa , MN | 55956 | $28.3M |
| The First State Bank of Red Wing | Red Wing , MN | 55066 | $22.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| August 22, 1987 | Structure Change | Acquired Peoples State Bank of Mazeppa Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| August 21, 1987 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
What the public regulatory sources show for The First State Bank of Red Wing, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in MN, rank 211 of 279 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- Not on file: no HMDA filing matched
- Period: not on file. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $994K approved, $994K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2020 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about The First State Bank of Red Wing
What are The First State Bank of Red Wing's total assets?
As of the Q2 2026 filing, The First State Bank of Red Wing reported total assets of $86.3 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is The First State Bank of Red Wing headquartered?
The First State Bank of Red Wing is headquartered in Red Wing, MN, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was The First State Bank of Red Wing founded?
The First State Bank of Red Wing was established in 1915, per the FDIC institution directory.
Is The First State Bank of Red Wing FDIC-insured?
Yes. The First State Bank of Red Wing is an FDIC-insured commercial bank (FDIC Certificate #8191). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The First State Bank of Red Wing?
The First State Bank of Red Wing's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is The First State Bank of Red Wing's CET1 capital ratio?
The First State Bank of Red Wing reported a Common Equity Tier 1 (CET1) capital ratio of 21.81% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The First State Bank of Red Wing operate?
The First State Bank of Red Wing operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The First State Bank of Red Wing's Texas Ratio?
The First State Bank of Red Wing's Texas Ratio is 12.60% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was The First State Bank of Red Wing previously called?
The charter now named The First State Bank of Red Wing has also operated as The First State Bank of Red Wing (1966), Farmers State Bank of Red Wing (1958-1966), per FDIC structure-change records.
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