Red River State Bank is a bank based in Halstad, Minnesota, established in 1934, with $120 million in total assets across 2 branches. By Trust Grade it ranks 29th of 224 banks we track in Minnesota. Its capital ratio of 14.2% is stronger than 87% of similarly sized banks, versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 2.10% return on assets. No consumer complaints against Red River State Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Red River State Bank compares to Minnesota peers
How we graded Red River State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (14.2% capital ratio)
- Strongly profitable (ROA 2.10%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Red River State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 300 2nd Ave W, Halstad, MN 56548
- 114 N Mill St, Fertile, MN 56540
Are deposits at Red River State Bank insured?
Yes. Red River State Bank is an FDIC-insured bank (FDIC certificate #15820). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Red River State Bank: frequently asked questions
Is Red River State Bank a good bank?
Red River State Bank earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (14.2% capital ratio); Strongly profitable (ROA 2.10%).
Is Red River State Bank FDIC-insured?
Yes. Red River State Bank is a FDIC-insured bank (FDIC certificate #15820). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Red River State Bank?
Red River State Bank holds $120 million in total assets, ranking 29th of 224 banks we track in Minnesota. It operates 2 branches.
Does Red River State Bank have CFPB complaints?
No CFPB complaints against Red River State Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
