Red River State Bank
Halstad, Minnesota · FDIC Cert #15820
Red River State Bank is an FDIC-insured bank (Certificate #15820) with $122M in total assets and $106M in total deposits as of the Q2 2024 Call Report. Headquartered in Halstad, Minnesota, the bank maintains a Tier 1 capital ratio of 18.48% (Well-Capitalized) and a nonperforming loan ratio of 9.09%. BankHealthData assigns a composite Health Grade of D (45/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Red River State Bank (FDIC cert 15820) is a community bank — $122M in total assets, $106M in deposits, serving the Halstad, Minnesota area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 18.48% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality shows stress: non-performing loan ratio of 9.09% is well above the peer median and signals significant credit-quality challenges. Banks in this range typically face heightened regulatory monitoring. Liquidity is thin: 5.3% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is strong: return on assets of 1.85% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Red River State Bank carries a composite BankHealth grade of D (45/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Red River State Bank
- Total Assets
- $122M
- Total Deposits
- $106M
- Tier 1 Capital Ratio
- 18.48%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 9.09%
- Liquidity Ratio
- 5.30%
- Return on Assets
- 1.85%
- Headquarters
- Halstad, Minnesota
- FDIC Certificate
- #15820
- Health Grade
- D (45/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Red River State Bank holds a Tier 1 capital ratio of 18.48%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Red River State Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Red River State Bank shows some financial weakness with a Health Score of 45/100. This does not mean the bank will fail, but some financial indicators are below average. Your FDIC-insured deposits (up to $250,000) are fully protected by the US government.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Red River State Bank Compares
Red River State Bank’s Health Score of 45 is 28 points below the Minnesota state average of 73 across 225 FDIC-insured banks. Its 18.48% Tier 1 capital ratio is 4.5 points above the US banking industry average near 14%. The 9.09% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 1.85% is in line with or above the national ROA benchmark of ~1.1%. Among 1229 similarly-sized banks, the average Health Score is 68, meaning this bank ranks below its size cohort. Site-wide, Red River State Bank is 25 points below the portfolio average of 70.
Frequently Asked Questions
Red River State Bank has a Bank Health Score of D (45/100), placing it showing signs of financial stress. It holds a Tier 1 capital ratio of 18.48%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Red River State Bank's Tier 1 capital ratio of 18.48% and nonperforming loan ratio of 9.09% indicate an elevated risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Red River State Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #15820). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Red River State Bank holds $122M in total assets and $106M in total deposits. It is headquartered in Halstad, Minnesota (FDIC Certificate #15820).
Red River State Bank has a Tier 1 capital ratio of 18.48%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 9.09%, and the return on assets is 1.85%.
Yes. Red River State Bank is FDIC-insured (Certificate #15820). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An D grade on our Bank Health Score means 40-54/100 — multiple metrics showing stress; worth monitoring. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Red River State Bank shows financial stress on one or more metrics. While insured deposits remain protected up to $250K per depositor per ownership category, depositors with higher balances may want to spread funds across additional FDIC-insured institutions. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.