# FIRST STATE BANK OF RED WING
RED WING, MN · FDIC certificate 8191 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 5 (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 | $86.3M | |
| Deposits | $83.1M | |
| Loans and leases | $34.5M | |
| Total equity | $3.1M | |
| Loans / deposits | 41.18% (p13 of band) | 73.59% |
| Liquid assets / assets | 56.87% (p85 of band) | |
| Uninsured deposits / deposits | 28.33% (p78 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.96% (p10 of band) | 11.76% |
| Unrealized securities loss / equity | -175.92% (p0 of band) | -6.57% |
| AOCI / equity | -4.01% (p3 of band) | |
| ROA (annualized) | -0.02% (p7 of band) | 1.17% |
| Net interest margin | 2.66% (p6 of band) | 3.93% |
| Efficiency ratio | 100.78% (p95 of band) | |
| Noncurrent loans | 1.07% (p72 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p38 of band) | |
| Reserve coverage of noncurrent | 79.19% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 10.96% (p40 of band) | |
| Auto loans | $2.5M (7.33% of loans; DQ 14.63%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 0.5% | |
| Employees | 13 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **securities losses >30% of equity** (`cap_secloss`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 2 | noncurrent p90 |  |
| 2012-03 | 2 |  |  |
| 2012-06 | 2 | uninsured deposits leaving | noncurrent p90 |
| 2012-09 | 1 |  | uninsured deposits leaving |
| 2012-12 | 3 | capital falling, noncurrent p90 |  |
| 2013-03 | 2 |  | capital falling |
| 2013-06 | 2 | AOCI drag >20% of equity | noncurrent p90 |
| 2013-09 | 3 | securities losses >30% of equity |  |
| 2013-12 | 4 | capital falling |  |
| 2014-03 | 1 |  | reserve under noncurrent, AOCI drag >20% of equity, capital falling |
| 2014-06 | 0 |  | securities losses >30% of equity |
| 2014-09 | 1 | reserve under noncurrent |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 4 | losing money, expense ratio p90, NIM <2.5% |  |
| 2015-06 | 3 |  | losing money |
| 2015-09 | 3 |  |  |
| 2015-12 | 4 | capital falling |  |
| 2016-03 | 5 | losing money |  |
| 2016-06 | 3 |  | capital falling, losing money |
| 2016-09 | 2 |  | reserve under noncurrent |
| 2016-12 | 3 | capital falling |  |
| 2017-03 | 5 | losing money, reserve under noncurrent |  |
| 2017-06 | 2 |  | capital falling, losing money, reserve under noncurrent |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | losing money |  |
| 2018-06 | 2 |  | losing money |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | uninsured deposits leaving |  |
| 2019-06 | 4 | deposits shrinking |  |
| 2019-09 | 3 |  | deposits shrinking |
| 2019-12 | 2 |  | uninsured deposits leaving |
| 2020-03 | 5 | capital falling, losing money, reserve under noncurrent |  |
| 2020-06 | 3 |  | losing money, reserve under noncurrent |
| 2020-09 | 2 |  | expense ratio p90 |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 1 |  | capital falling |
| 2022-03 | 3 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 4 | construction >100% equity, assets shrinking | NIM <2.5% |
| 2022-12 | 3 |  | construction >100% equity |
| 2023-03 | 3 | expense ratio p90, deposits shrinking | AOCI drag >20% of equity, securities losses >30% of equity |
| 2023-06 | 5 | NIM <2.5%, uninsured deposits leaving |  |
| 2023-09 | 4 |  | uninsured deposits leaving |
| 2023-12 | 6 | AOCI drag >20% of equity, securities losses >30% of equity, construction >100% equity | assets shrinking |
| 2024-03 | 7 | capital falling, losing money | deposits shrinking |
| 2024-06 | 6 |  | capital falling |
| 2024-09 | 3 |  | AOCI drag >20% of equity, construction >100% equity, losing money |
| 2024-12 | 4 | capital falling, reserve under noncurrent | expense ratio p90 |
| 2025-03 | 5 | losing money, expense ratio p90 | capital falling |
| 2025-06 | 5 |  |  |
| 2025-09 | 3 |  | NIM <2.5%, losing money |
| 2025-12 | 2 |  | expense ratio p90 |
| 2026-03 | 4 | losing money, expense ratio p90 |  |
| 2026-06 | 5 | capital falling |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2019-01-17 [Day in History: Red Wing bank robbed of $25,000 - postbulletin.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxPamp6THZqY1g5RlJZeHY0YXU5RlNIOXkwaVozZ0tWdDZza2w4Q2huTElaNExBcWFzaW93ZkUyUTdoVXFEbVpsY3dxejQyamh0SjRZdHNMV1pNaGZBRGRjOHVoX2lRX1VKNG00WUg5X2JkTTFDUWl4RFV4Zkx6S1NPWS1ocWNERDV1YlZSbA?oc=5) · postbulletin.com
- 2014-10-25 [Denise Mary Alt Obituary Oct 25, 2014 - mahnfamilyfuneralhome.com](https://news.google.com/rss/articles/CBMia0FVX3lxTE9fTlVVMENyVXJpMTVtV1ZZc3p0TzY5X3hJMXdvbjBPWjlrUzJsVFFRNGpwbldFVVU2ZjV6MlowRE42dV9BOVoyXzRicHRmY2pqbklHRV9ERWhCTjZYeHJ6S2w0TC0xd3kwNVpR?oc=5) · mahnfamilyfuneralhome.com
- 2012-10-25 [Uber family rescues its Owatonna tannery after bankruptcy - Pioneer Press](https://news.google.com/rss/articles/CBMinAFBVV95cUxQZ2xaZENOZE13bG1iOWs3bjd2aFZvc1NQeG1MbkRnUXdZVHRKUjF2dXZaYXU3b1FkbW0waElCbXZXQi01T21FRHlka2lHM3JhVmFObml2OVQ1UHZfc1hQb0dPVjNSX2Z1aTBaMTFRdVlvQUo0ZWowVTlra3hDTXY4VmxSbk8yZlM1eGphRnJqUVUyWHV3RUJBSTBhMFk?oc=5) · Pioneer Press
- 2021-01-11 [TODD HALE: Jerry Dickson originated "Mike the Talking Bike" to teach bicycle safety to elementary students - southernminn.com](https://news.google.com/rss/articles/CBMirwJBVV95cUxNeC1TWjhaZ0ZPU0tDTFJUQnRhT041NXNxOTlrb0NPNGhmY0ZPU2hIb3gwYkRCZkQ5UFo5OVJTdkVIekhVQ0RoWk4xWm95N1hLMUNicE9ZRzVlbDhIeHlZbVZfVmlVNXlGVG4yWlZybWdoRGU0Y3JqZlR4cWpPbVM5VGdBUHZ4OC1DaHFCMy1XQ3BQd21rS0s3YXRmVVFnY2E2TFhhdEt2eFhEV3cxMEI1V2RmT2huX1RwdVRKaFN0RFFMOVFoMmtYbGd5cjZ5WG1JWWFyYW5NUHZSUzF5U2YtWWRTRWw1Q2FGbXgxMUtyZFlCU2E0eGJnUjJ2Ym1XX0M5MTQ5UTE2eFI3QTBtb2V0UElYbXNicmVtRzZjUEQxYkV3SWNBLWNacGdySWE1SEk?oc=5) · southernminn.com
- 2015-02-10 [Betty Ann Schafer Obituary Feb 10, 2015 - mahnfamilyfuneralhome.com](https://news.google.com/rss/articles/CBMib0FVX3lxTE42MnJ2V001dkFyU2lWVlNibF9RVDRKbmtJUUhVU3VGMk1lRC14cnhNMTNGbGpGbldzQ3R0NThSak5YZ1d4WE82OXJfNWRVblo5ck9OUXNfeWNyc1ZfM2I4MElyU0R3QVgxWVU0YU1XYw?oc=5) · mahnfamilyfuneralhome.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8191 (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/63.json (key "8191", 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.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide