Red River State Bank
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Data as of · sourced from FFIEC call reports. How we update
Red River State Bank is an FDIC-insured commercial bank headquartered in Halstad, MN, established in 1934 (FDIC certificate 15820), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $110.2M, down 5.1% from Q2 2025, the 163rd largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 15.24% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15820
- Headquarters
- Halstad, MN
- Established
- 1934
- Total assets, Q2 2026
- $110.2M
- Assets vs Q2 2025
- -5.1%
- Tier 1 leverage ratio, Q2 2026
- 15.24%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091205199
- Holding company
- RED RIVER FINANCIAL SERVICES, INC.
- Asset rank in state
- 163rd of 221 in Minnesota
Red River State Bank is one of the more profitable banks of its size. Based in Halstad, Minnesota, it had $110 million in assets at June 30, 2026, down 5.1% from a year earlier. It earns about $2.24 a year on every $100 of assets, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median $1.28). On the other hand, it carries problem assets equal to 45.8% of the capital and reserves that would absorb them, 17.3 times the median of 2.6% for banks its size. A wide margin does most of the work: it keeps 4.83 cents of net interest income on every dollar of earning assets.
Earnings jumped: net income for the quarter was $642,000, 96% above the same quarter a year earlier. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 8.88% of loans, down from 12.76% a year earlier.
As of June 30, 2026, Red River State Bank reported a return on assets of 2.24%, a nonperforming-loan ratio of 8.88% and a Texas ratio of 45.76%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Red River State Bank is the 163rd largest of the 221 banks headquartered in Minnesota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 8.2% to $110.2M, loans fell 1.1% and deposits fell 10.5%. Commercial and industrial loans made up 33.5% of its total loans on June 30, 2026, its largest category; next came agricultural production loans at 19.8%. Its 2 offices in the FDIC Summary of Deposits are in Halstad, MN and Fertile, MN; its Halstad office books 55% of its branch deposits. Judged on its Q2 2026 call report, Red River State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 300 2nd Ave W, Halstad, MN 56548
- County
- Norman
- 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 041
- Established
- January 1, 1934
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 20
- Domestic deposits
- $91.7M
- Allowance for credit losses
- $1.6M
- Net charge-offs (YTD)
- -$339K
- Average total assets
- $114.6M
- Average total loans
- $99.8M
- Average interest-bearing deposits
- $72.8M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 26, 1941
- FDIC Cert
- 15820
- Fed RSSD
- 1005655
- Website
- www.redriverbank.com →
- Parent Holding Company
- RED RIVER FINANCIAL SERVICES, INC. (RSSD 2142324)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Red River State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Red River State Bank's total assets moved between a low of $110.2M (Q2 2026) and a high of $125.6M (Q1 2025) from Q3 2023 to Q2 2026, and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$110.2M total assets against $116.2M; $92.5M total liabilities against $99.4M.
$96.6M net loans and leases against $103.1M; $91.7M total deposits against $98.5M.
$2.6M securities against $3.8M; $8.3M cash and balances due against $7.0M.
$1.8M total interest income against $1.6M; $384K total interest expense against $477K.
$1.4M net interest income against $1.1M.
$23K total noninterest income against $27K; $775K total noninterest expense against $692K.
$0 provision for credit losses against $120K.
$642K net income against $328K.
2.24% return on assets against 1.10%; 4.83% net interest margin against 3.91%.
15.24% tier 1 leverage ratio against 13.92%.
Inside the full Red River State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Red River State Bank rankings
Its closest position to the top of a national ranking is 14 of 3,640, for Texas Ratio; its furthest is 3,590 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -1.41% (Q4 2025) to 2.24% (Q2 2026) and its net interest margin ran from 3.91% (Q2 2025) to 5.79% (Q1 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.24% | 2.24% | 8.88% | 45.76% | 4.83% |
| Q1 2026 | 14.23% | 2.13% | 8.50% | 45.93% | 5.79% |
| Q4 2025 | 13.42% | -1.41% | 12.11% | 73.23% | 4.30% |
| Q3 2025 | 14.32% | 0.99% | 12.55% | 74.75% | 4.26% |
| Q2 2025 | 13.92% | 1.10% | 12.76% | 76.11% | 3.91% |
| Q1 2025 | 13.15% | 1.56% | 8.17% | 49.11% | 4.24% |
| Q4 2024 | 12.55% | -1.11% | 7.91% | 51.12% | 3.99% |
| Q3 2024 | 13.24% | 1.06% | 8.96% | 56.99% | 4.16% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Red River State Bank (main office) | Halstad , MN | 56548 | $50.5M |
| Fertile Branch | Fertile , MN | 56540 | $41.2M |
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 |
|---|---|---|---|
| December 12, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 12, 2015 | Structure Change | Acquired First State Bank of Fertile Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 203 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $3.0M approved, $1.5M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Red River State Bank
What are Red River State Bank's total assets?
As of the Q2 2026 filing, Red River State Bank reported total assets of $110.2 million in its FFIEC call report.
Where is Red River State Bank headquartered?
It is headquartered in Halstad, MN, United States.
When was Red River State Bank founded?
It was established in 1934, per the FDIC institution directory.
Is Red River State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15820). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Red River State Bank?
Red River State Bank's primary federal regulator is the FDIC.
How many branches does Red River State Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Red River State Bank's Texas Ratio?
Its Texas Ratio is 45.76% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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