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Red River State Bank

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Red River State Bank Rates & Review August 2026

Q: How many branches does Red River State Bank operate?

Red River State Bank currently maintains approximately 2 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Red River State Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Red River State Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: August 29, 2026

Red River State Bank rates are not currently in our database, but you can compare rates from other banks and credit unions we track: 12-month CD rates are currently at 2.92%, 6-month CD rates at 2.77% and 3-month CD rates at 2.55%. Savings rates are at 0.84% and money market rates are at 1.17%. Mortgage rates on 30-year fixed loans are around 6.69%. These rates come from our rate database, not Red River State Bank, and you can see how they compare in the Red River State Bank rate tables below. MonitorBankRates evaluates the financial stability of Red River State Bank with a 4.1 Star Rating, an C+ Overall Health Grade, and a Texas Ratio of 25.41%. Database rates last updated and verified on 08/29/2026.

Red River State Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Red River State Bank? Share your experience about Red River State Bank by leaving a review below, or read customer reviews before you decide to use Red River State Bank.

Overall Health & Safety Grade

C+

Fair Health Score: 79/100

MonitorBankRates Rating

4.1

Excellent Out of 5.0 Stars

Texas Ratio

25.41%

Good Higher than avg

Red River State Bank

300 2nd Ave W
Halstad, MN 56548

https://www.redriverbank.com

Current Rate Availability

We're not currently displaying rates for Red River State Bank, but our database is updated constantly — check back soon for the latest offers.

Are you with Red River State Bank? We'd love to add your institution's rates. Contact us to get your institution's rates listed on MonitorBankRates.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Red River State Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Red River State Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Red River State Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Red River State Bank

Bank Holding Company RED RIVER FINL SERVICES INC

Address 300 2nd Ave W, Halstad, MN 56548 · Norman

Website https://www.redriverbank.com

FDIC Certificate # 15820

Established 01/01/1934

FDIC Insurance Date 05/26/1941

Domestic Offices 2

Total Branches 2

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

C+

Overall Health Grade Score: 79/100

4.1

Excellent Out of 5.0 Stars

25.41%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 2.0121%

Return on Equity (ROE) 15.7100%

Non-Performing Loans (NPL) 3.57%

Total Assets $120,360,000

Total Deposits $103,203,000

Equity Capital $16,471,000

Net Income $670,000

Headquarters Halstad

Total Branches and Offices 2

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

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Total Reviews

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Frequently Asked Questions About Red River State Bank

How many branches does Red River State Bank operate?

Red River State Bank currently maintains approximately 2 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Red River State Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Red River State Bank provides members with tools to manage their accounts and build a solid financial history.

Does Red River State Bank offer online and mobile banking?

Most modern institutions like Red River State Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.redriverbank.com.