Red River State Bank is a state-chartered bank headquartered in Halstad, Minnesota, in business for about 92 years. At the end of Q2 2026 it reported $110.2M in total assets and $91.7M in deposits, with 2 offices.
Based on its Q2 2026 filing, Red River State Bank scores 59/100, which we describe as moderate. That is higher than only 17% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 177th. Its strongest component is capital cushion (100/100; 15.24%), and its lowest is loan quality (0/100; 8.88%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 9 points (50 → 59), mostly because the earnings component improved by 27 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 50 |
| Q3 2024 | 49 |
| Q4 2024 | 43 |
| Q1 2025 | 51 |
| Q2 2025 | 50 |
| Q3 2025 | 50 |
| Q4 2025 | 43 |
| Q1 2026 | 58 |
| Q2 2026 | 59 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 12.88% |
| Q3 2024 | 13.24% |
| Q4 2024 | 12.55% |
| Q1 2025 | 13.15% |
| Q2 2025 | 13.92% |
| Q3 2025 | 14.32% |
| Q4 2025 | 13.42% |
| Q1 2026 | 14.23% |
| Q2 2026 | 15.24% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 9.09% |
| Q3 2024 | 8.96% |
| Q4 2024 | 7.91% |
| Q1 2025 | 8.17% |
| Q2 2025 | 12.76% |
| Q3 2025 | 12.55% |
| Q4 2025 | 12.11% |
| Q1 2026 | 8.50% |
| Q2 2026 | 8.88% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.77% |
| Q3 2024 | 1.53% |
| Q4 2024 | 0.86% |
| Q1 2025 | 1.54% |
| Q2 2025 | 1.33% |
| Q3 2025 | 1.21% |
| Q4 2025 | 0.56% |
| Q1 2026 | 2.10% |
| Q2 2026 | 2.18% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 59 | $110.2M | 15.24% | 8.88% | 2.18% | 105.4% |
| Q1 2026 | 58 | $120.2M | 14.23% | 8.50% | 2.10% | 95.4% |
| Q4 2025 | 43 | $120.4M | 13.42% | 12.11% | 0.56% | 100.5% |
| Q3 2025 | 50 | $116.6M | 14.32% | 12.55% | 1.21% | 105.2% |
| Q2 2025 | 50 | $116.2M | 13.92% | 12.76% | 1.33% | 104.7% |
| Q1 2025 | 51 | $125.6M | 13.15% | 8.17% | 1.54% | 95.4% |
| Q4 2024 | 43 | $124.1M | 12.55% | 7.91% | 0.86% | 99.9% |
| Q3 2024 | 49 | $121.8M | 13.24% | 8.96% | 1.53% | 105.1% |
| Q2 2024 | 50 | $122.5M | 12.88% | 9.09% | 1.77% | 105.0% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| First State Bank of Le CenterBank Le Center, MN | 76 out of 100, Strong | $110.4M | 11.1% | 0.81% | vs |
| The First National Bank of ColeraineBank Coleraine, MN | 65 out of 100, Moderate | $112.0M | 7.6% | 0.00% | vs |
| Security State Bank of WanamingoBank Wanamingo, MN | 84 out of 100, Strong | $112.7M | 11.4% | 0.00% | vs |
| Produce State BankBank Hollandale, MN | 69 out of 100, Moderate | $107.2M | 10.3% | 1.26% | vs |
| Prairie Sun BankBank Milan, MN | 58 out of 100, Moderate | $107.0M | 9.9% | 1.82% | vs |
| Farmers State Bank of UnderwoodBank Underwood, MN | 74 out of 100, Strong | $113.8M | 8.6% | 0.03% | vs |
Deposit insurance
Is my money safe at Red River State Bank?
Yes. Red River State Bank is an FDIC-insured institution (FDIC certificate #15820). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 10.5% of deposits ($9.6M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 15.24%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
2 locations
Branches
Red River State Bank lists 2 offices in 2 cities. Most locations:
- Fertile, MN (1)
- Halstad, MN (1)
Identity & history
Profile
- Legal name
- Red River State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 15820
- RSSD ID
- 1005655
- Primary regulator
- FDIC
- Holding company
- Red River Finl Services Inc
- Established
- January 1, 1934
- Headquarters
- 300 2nd Ave W, Halstad, MN 56548
- Website
- www.redriverbank.com
- Employees
- 20
Quick answers
Red River State Bank: common questions
Is Red River State Bank FDIC insured?
Yes. Red River State Bank is an FDIC-insured institution (FDIC certificate #15820). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Red River State Bank's TellerScore?
59 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Red River State Bank ever failed?
There is no failure record for FDIC certificate #15820 in the FDIC failed bank list.
How many branches does Red River State Bank have?
2 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Halstad
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| First State BankBank Buxton, ND | 75 out of 100, Strong | $424.2M | 9.8% | 0.00% | vs |
| BankNorthBank Arthur, ND | 72 out of 100, Strong | $694.1M | 10.3% | 0.58% | vs |
| Frandsen Bank & TrustBank Lonsdale, MN | 71 out of 100, Strong | $3.7B | 10.0% | 0.71% | vs |
| Northwestern Bank, National AssociationBank Dilworth, MN | 70 out of 100, Strong | $164.7M | 11.2% | 1.23% | vs |
| American Federal BankBank Fargo, ND | 66 out of 100, Moderate | $795.8M | 9.3% | 0.00% | vs |
| Dakota Heritage BankBank Hunter, ND | 63 out of 100, Moderate | $416.8M | 9.8% | 1.62% | vs |