Red River State Bank in Halstad, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Red River State Bank - Overview

  • General
  • FDIC Certificate #: 15820
    Status: Active
    Federal Reserve ID: 1005655
    Bank Holding Company (Regulatory Top Holder): Red River Financial Services, Inc. (RSSDID: 2142324, Location: Halstad, MN)
    Date Established: January 01, 1934
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 10063
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 26, 1941
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 2nd Avenue, Halstad, MN 56548
    County: Norman
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $55.6 mil
    Equity capital: $5.0 mil
    Deposits held in domestic offices: $50.4 mil
    Return on assets (ROA): 1.59% ($0.9 mil)
    Quarterly return on assets: 1.29% ($0.7 mil)
    Return on Equity (ROE): 16.32% ($0.8 mil)
    Quarterly return on equity: 13.26% ($0.7 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.59% ($884.3 mil)
    Quarterly Pretax return on assets: 1.29% ($717.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 10Total employees (full-time equivalent)
  • $55,617Total assets
  • $2,121Cash and due from depository institutions
  • $1,225Interest-bearing balances
  • $0Securities
  • $13,283Federal funds sold & reverse repurchase agreements
  • $39,199Net loans & leases
  • $394Loan loss allowance
  • $0Trading account assets
  • $323Bank premises and fixed assets
  • $25Other real estate owned
  • $0Goodwill and other intangibles
  • $55,617Life insurance assets
  • $666All other assets
  • $50,599Total liabilities and capital
  • $50,370Total liabilities
  • $37,521Total deposits
  • $50,370Interest-bearing deposits
  • $71Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $229Subordinated debt
  • $5,018All other liabilities
  • $5,018Total equity capital
  • $5,018Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,075Surplus
  • $2,843Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $383Income earned, not collected on loans
  • $69Earning assets
  • $323Long-term assets (5+ years)
  • $53,707Average Assets, year-to-date
  • $16,765Average Assets, quarterly
  • $49,682Volatile liabilities
  • $51,072Insider loans
  • $43,282FHLB advances
  • $48,331Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,018Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,741Restructured Loans and leases
  • $306Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,690Total interest income
  • $633Total interest expense
  • $2,057Net interest income
  • $106Provision for loan and lease losses
  • $115Total noninterest income
  • $0Fiduciary activities
  • $62Service charges on deposit accounts
  • $0Trading account gains & fees
  • $53Additional noninterest income
  • $1,276Total noninterest expense
  • $659Salaries and employee benefits
  • $98Premises and equipment expense
  • $519Additional noninterest expense
  • $790Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $790Income before extraordinary items
  • $0Extraordinary gains - net
  • $790Net income attributable to bank
  • $0Net charge-offs
  • $790Cash dividends
  • $73Sale, conversion, retirement of capital stock, net
  • $431Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.62%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.67%Noninterest expense to earning assets
  • 1.59%Net operating income to assets
  • 1.59%Return on assets (ROA)
  • 1.59%Pretax return on assets
  • 16.32%Return on equity (ROE)
  • 7.42%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 145.21%Credit loss provision to net charge-offs
  • 12.27%Efficiency ratio
  • 58,748Assets per employee
  • 5.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.56%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 102.87%Noncurrent assets plus other real estate owned to assets
  • 0.73%Noncurrent loans to loans
  • 0.97%Net loans and leases to deposits
  • 77.82%Net loans and leases to core deposits
  • 97.07%Equity capital to assets
  • 9.02%Core capital (leverage) ratio
  • 10.38%Tier 1 risk-based capital ratio
  • 11.59%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $49,682Average earning assets
  • $4,841Average equity
  • $47,834Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010063Red River State Bank300 2nd Avenue, Halstad, MN 56548January 01, 1934Full Service Brick and Mortar

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