# RED RIVER STATE BANK HALSTAD, MN · FDIC certificate 15820 · asset band <$300M · latest filing 2026-06 · live **Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster). ## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses) | Measure | Value | Band median | |---|---|---| | Total assets | $110.2M | | | Deposits | $91.7M | | | Loans and leases | $98.2M | | | Total equity | $17.7M | | | Loans / deposits | 105.35% (p95 of band) | 73.59% | | Liquid assets / assets | 9.93% (p3 of band) | | | Uninsured deposits / deposits | 10.51% (p16 of band) | 19.81% | | Brokered deposits | 4.30% | | | Wholesale funding | 4.30% (p70 of band) | | | FHLB advances / assets | 0.00% | | | Tier 1 leverage | 15.24% (p78 of band) | 11.76% | | Unrealized securities loss / equity | -0.07% (p90 of band) | -6.57% | | AOCI / equity | -0.06% (p66 of band) | | | ROA (annualized) | 2.18% (p89 of band) | 1.17% | | Net interest margin | 5.45% (p96 of band) | 3.93% | | Efficiency ratio | 56.66% (p27 of band) | | | Noncurrent loans | 8.88% (p99 of band) | 0.36% | | Net charge-offs (annualized) | -0.58% (p0 of band) | | | Reserve coverage of noncurrent | 18.78% | | | Real estate % of loans | 37% | | | Construction % of loans | 12.87% (p43 of band) | | | Auto loans | $586,000 (0.60% of loans; DQ 0.00%, NCO 0.00%) | | | Loans to nondepository financials | $0 (0% of equity) (p48 of band) | | | Deposits YoY | -6.9% | | | Employees | 20 | | ## Flags firing in the latest filing - **loans exceed deposits** (`liq_ltd`) - **liquid assets <10%** (`liq_thin`) - **noncurrent p90** (`aq_noncurrent`) - **reserve under noncurrent** (`aq_reserve`) - **deposits shrinking** (`shrink_deposits`) - **assets shrinking** (`shrink_assets`) ## Warning timeline | Quarter | Score | Flags that first fired | Flags that cleared | |---|---|---|---| | 2011-03 | 1 | brokered >10% | | | 2011-06 | 1 | | | | 2011-09 | 1 | | | | 2011-12 | 1 | | | | 2012-03 | 1 | | | | 2012-06 | 2 | deposits shrinking | | | 2012-09 | 2 | reserve under noncurrent | deposits shrinking | | 2012-12 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving | reserve under noncurrent | | 2013-03 | 5 | capital falling | | | 2013-06 | 6 | loans exceed deposits, wholesale funding >15%, reserve under noncurrent | assets shrinking, capital falling | | 2013-09 | 3 | | loans exceed deposits, wholesale funding >15%, reserve under noncurrent | | 2013-12 | 4 | assets shrinking | | | 2014-03 | 5 | wholesale funding >15% | | | 2014-06 | 1 | | deposits shrinking, uninsured deposits leaving, assets shrinking, wholesale funding >15% | | 2014-09 | 6 | loans exceed deposits, liquid assets <10%, deposits shrinking, assets shrinking, uninsured deposits leaving | | | 2014-12 | 4 | wholesale funding >15%, reserve under noncurrent | loans exceed deposits, liquid assets <10%, deposits shrinking, assets shrinking | | 2015-03 | 1 | | uninsured deposits leaving, wholesale funding >15%, reserve under noncurrent | | 2015-06 | 2 | wholesale funding >15% | | | 2015-09 | 3 | loans exceed deposits, liquid assets <10% | wholesale funding >15% | | 2015-12 | 0 | | brokered >10%, loans exceed deposits, liquid assets <10% | | 2016-03 | 1 | capital falling | | | 2016-06 | 1 | reserve under noncurrent | capital falling | | 2016-09 | 1 | | | | 2016-12 | 0 | | reserve under noncurrent | | 2017-03 | 0 | | | | 2017-06 | 0 | | | | 2017-09 | 0 | | | | 2017-12 | 0 | | | | 2018-03 | 2 | reserve under noncurrent, uninsured deposits leaving | | | 2018-06 | 0 | | reserve under noncurrent, uninsured deposits leaving | | 2018-09 | 1 | uninsured deposits leaving | | | 2018-12 | 0 | | uninsured deposits leaving | | 2019-03 | 0 | | | | 2019-06 | 0 | | | | 2019-09 | 0 | | | | 2019-12 | 1 | uninsured deposits leaving | | | 2020-03 | 2 | reserve under noncurrent | | | 2020-06 | 1 | | uninsured deposits leaving | | 2020-09 | 1 | | | | 2020-12 | 0 | | reserve under noncurrent | | 2021-03 | 1 | liquid assets <10% | | | 2021-06 | 3 | brokered >10%, reserve under noncurrent | | | 2021-09 | 1 | | brokered >10%, reserve under noncurrent | | 2021-12 | 1 | | | | 2022-03 | 1 | | | | 2022-06 | 4 | loans exceed deposits, deposits shrinking, assets shrinking | | | 2022-09 | 3 | | assets shrinking | | 2022-12 | 8 | noncurrent p90, charge-offs p90, reserve under noncurrent, assets shrinking, uninsured deposits leaving | | | 2023-03 | 7 | | charge-offs p90 | | 2023-06 | 7 | | | | 2023-09 | 7 | | | | 2023-12 | 3 | charge-offs p90 | liquid assets <10%, loans exceed deposits, deposits shrinking, assets shrinking, uninsured deposits leaving | | 2024-03 | 6 | loans exceed deposits, liquid assets <10%, uninsured deposits leaving | | | 2024-06 | 5 | | uninsured deposits leaving | | 2024-09 | 5 | | | | 2024-12 | 3 | | loans exceed deposits, liquid assets <10% | | 2025-03 | 2 | | charge-offs p90 | | 2025-06 | 7 | loans exceed deposits, liquid assets <10%, charge-offs p90, deposits shrinking, assets shrinking | | | 2025-09 | 6 | | assets shrinking | | 2025-12 | 4 | | liquid assets <10%, deposits shrinking | | 2026-03 | 3 | deposits shrinking | loans exceed deposits, charge-offs p90 | | 2026-06 | 6 | loans exceed deposits, liquid assets <10%, assets shrinking | | ## In the news (Google News, unfiltered, newest first; check the city) - 2024-07-26 [Legal Battle Unfolds Between Red River State Bank and Developers Over Development Loans - mykxlg.com](https://news.google.com/rss/articles/CBMigAJBVV95cUxPaHZpVTlMMTR5LU9FZVJSZEhnbFhNbUJfUDdyRmhmbmlnRkFaYmp2cE9SV1ZKSWxwczVKLVFfLVdnNkpKRDFyZDZJVjdkMXc2eTY5cFNXRVc2TXI5ZjduUDh0SVM3MFFwZEJKczdKMmVlRS1mQXY1TXJJd2pUMTZObzBZTWRXeEZuTk92T3Vsd2MwVXRIX3ZXQm1rODQxblFnaHY2Q2R1ZkpxUTlQSlpWbHl2MUhQTXNQVElUOS1FMno0a3M3NUZRUjNBS3hDN01MNjM2Z24tT0xZTHBVa1lMN3ppS1RYWWlhYlYyM0ZIN1QzQUNLV05YRGdmRzJqM3FG?oc=5) · mykxlg.com - 2025-10-30 [Kevin Chisholm Obituary Oct 30, 2025 - Schoeneberger Funeral & Cremation Service](https://news.google.com/rss/articles/CBMidEFVX3lxTE5CeFlSWTV1RlQzel8tTjRleGtHZjVwOHF4OGtkMnBKRG4weFExSzdSQ1A1dWVRUWFSVVU4UU9UYWloNUJOdk5WRXpDZEthWTVkb2w0aHQzYzhNeGtuZUJWREZFcXFGbFBUTFU4NlJZYVhWdmZq?oc=5) · Schoeneberger Funeral & Cremation Service - 2024-07-26 [Red River State Bank Files Lawsuit Over Alleged Loan Defaults for Apartments in Watertown - mykxlg.com](https://news.google.com/rss/articles/CBMigwJBVV95cUxPRW81Tm9STThfN1ZhZkRyeTR3aVl4WlhNckEySnRNZWNJV0t4aGEwZFk4WU01LVZiSXNsa3ZGUlNxamUxR0FEUGNoTFBsSkRXaHhiWk9kcUNUdzJubll2dE1ma2drZkJiRWlfNy1WOHZHVHFpbW9hcTFmQ3RXSEFkN0NRZGRRZjROUm1IYnZrN3E3eElEeER6WGNYUnFZZThxSnJMMWFjMVA5dDV6dnU1RHlMdi1Jb1RVcmZ2dDNsTE9FRjB3VG8wMUEyVklpOFY5Z1dvR3hQUTdGTW9wYU51ckhOTUJ0Y3MtdVlXRndsblc0OXZtTEtoMERzUnA3VUZjVWZZ?oc=5) · mykxlg.com - 2026-06-13 [Original Developer Repurchases “The Ruins” in $11.2 Million Bankruptcy Court Sale - Northeast Radio SD](https://news.google.com/rss/articles/CBMirgJBVV95cUxPd2V3cFFQOXhkZUdwQVdpa2RadXpXZEJlLWtjRWppNFpFczU3LUhBV0tsWnJJbENVVFdUTEpieVpJSlpIX3JjZDEtWHVETnpxY1dGNkFRb2xzTzJBN01LTHRSR2JxalBQNkhlOEU5Z3BRamoyNHduMDlLM2ZkQ0hJS3RoZXRYZmRQVXRHenZBS1VJVk5lVkw0QVV2Xzc1bGJXeXo5d0hQbXEwY0xJR2RwRXlyZUJFZ0pXZEpPQWtxWEhRcXdWTkdLUGJsbXNCWGNKSGo4Y18wNkpJOThjOTlFYVA2SnFiNjNZakJ5X1ZBRDlqM2prRlpxUGFKS3U4Z1FKbGRjd1REcjZ5Q3J5U3ZWbG9uejlSM0J0cUJVVHhEUWVKU3dkWGlJS2g4RDBNUQ?oc=5) · Northeast Radio SD - 2025-01-16 [Fargo developer embroiled in legal battle over South Dakota housing projects - InForum](https://news.google.com/rss/articles/CBMirgFBVV95cUxQa3ZRTldIdllnMkFzNTdRRVI4WFNQUVlyYS1GcGFWTExodkhkZmJicEpOTWhISXkyNW05QnNHT3ZKczJseURyYk5PZUFTSVN4cmwzcFVVR0RlMUw4U0txeHoyUk9OaTRQekFuemZGVXA0cGZVaGVfV1N6MGxCclFPRlYxam5oRm1QeDM0Zm5aUVp3ZXg0clFtazZIbDRPOGNKWUJjMFVPN1VWQWpWRUE?oc=5) · InForum - 2022-09-26 [Valley Tissue Culture produces elite seed potatoes using 'in vitro' technology - Agweek](https://news.google.com/rss/articles/CBMirAFBVV95cUxPOW5BQ2pHWkNqcmI4cWFiQ3p5RVNlNHJjREt4RlVnNjNIWkZmRGx5M044RmxwaEVrOGd5R25PazBub2huUlhWTlNQUTh1NTlYblBUbk5oTkdWWFVlS2d6VTRDNk8xNjRwSm1jRzZyYk5kSk15YTk2LVdzM01SZ25Wc0ZRbDlvSHRYMUhVbHhUR2R0YUFSTWY0U1hrVnVqV3Fvcmt2OTljZVU5MXlC?oc=5) · Agweek - 2006-10-31 [Iris L. Duklet Obituary Oct 31, 2006 - Korsmo Funeral Service](https://news.google.com/rss/articles/CBMibkFVX3lxTFBxYTRldGNhYllpaFBQV0J6eEM4b0c2NHNocGNfcFNNOGRERnl4NE1INnZ4Tl9ueUZKTk1HX052WC1XUEY5Tno2MkpXX1lUaHUxWDZUelQyMXB1VGNtYko1eE5KNHNVeE5vWnJiNWp3?oc=5) · Korsmo Funeral Service - 2009-10-24 [The 'Pink Ladies' revitalize Halstad - Grand Forks Herald](https://news.google.com/rss/articles/CBMif0FVX3lxTE1mVXNUZTlzTU1kRUFibjBGMENfNjlLMTRjOGVsYnQ4UGYtb0pKOG1OdnFDZ0JLV0tJOW96MkFweFdWRk9oOXpGOS1ncS1UUHNsalRfaDR0czlEWWRxSkZNOGg4a0ZUSmo3dHE0ZmxrTGtWVW04Y3U1QzlWdm04U0k?oc=5) · Grand Forks Herald ## How to verify - Page: https://getbookiq.com/bank-desk/#bank=15820 (click any number for its formula and FFIEC field codes) - Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/12.json (key "15820", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags) - Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary - Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list. --- Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide