SBA lender profile
Red River State Bank
Red River State Bank appears in the public SBA loan data with 96 funded 7(a) loans totaling $61.4M, an average of $639K per loan, and an estimated 367 jobs supported. Its SBA lending concentrates in Minnesota and the Agriculture, Forestry, Fishing sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
96
Total volume
$61.4M
Average loan size
$639K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
367
Programs
7(a)
Bank profile
via FDIC- Total assets
- $120M
- Headquarters
- Halstad, MN
- FDIC cert
- #15820
- Status
- Active
Where Red River State Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 66 | $33.0M |
| North Dakota | 19 | $16.7M |
| South Dakota | 8 | $8.6M |
| Arizona | 1 | $2.1M |
| California | 1 | $779K |
| Wisconsin | 1 | $110K |
What Red River State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Agriculture, Forestry, Fishing | 46 | $37.7M |
| Construction | 19 | $14.0M |
| Arts, Entertainment, Recreation | 6 | $5.3M |
| Real Estate | 2 | $1.7M |
| Transportation and Warehousing | 3 | $994K |
| Administrative and Support | 8 | $737K |
Red River State Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 24 | $5.1M |
| 2021 | 62 | $48.3M |
| 2022 | 3 | $1.0M |
| 2023 | 4 | $1.8M |
| 2025 | 2 | $3.0M |
| 2026 | 1 | $2.1M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Red River State Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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