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
    WWW: http://www.redriverbank.com
    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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Red River State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents