First State Bank of Grove City

First State Bank of Grove City is headquartered in Grove City and is the 367^th largest bank in the state of Minnesota. It is also the 7,123^rd largest bank in the nation. It was established in 1907 and as of March of 2012, it had grown to 7 employees at 1 location. First State Bank of Grove City's money market rates are 14% higher than the national average, and it has a 4-star health rating.

First State Bank of Grove City Routing Number: 091905813

First State Bank of Grove City Checking Account Rates

First State Bank of Grove City Savings Account Rates

First State Bank of Grove City Money Market Rates

First State Bank of Grove City CD Rates

Data for Q1 2012

Institution Statistics First State Bank of Grove City FDIC Certificate # 8857 BankRate Report View Year Established 1907 Employees 7 Primary Regulator FDIC Assets and Liabilities Assets $22.63 million Loans $13.36 million Deposits $18.20 million Equity Capital $4.37 million Loan Loss Allowance $354,000 Unbacked Noncurrent Loans $549,000 Historic Data - March 2011 Assets $23.15 million Equity Capital $4.19 million Loan Loss Allowance $238,000 Unbacked Noncurrent Loans $541,000 Profit Margin - Quarterly Net Interest Margin 4.83% Return on Assets 1.47% Return on Equity 7.47% Interest Income $277,000

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First State Bank of Grove City had $549,000 in non-current loans and owned real-estate with $4.73 million in equity and loan loss allowances on hand to cover it. This gives First State Bank of Grove City a Texas Ratio of 11.61% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First State Bank of Grove City held steady from 12.23% as of March 31, 2011 to 11.61% as of March 31, 2012, resulting in a positive change of 5.05%.This indicates that the balance sheet and financial strength for First State Bank of Grove City has held steady in recent periods. Deposit Growth In the past year, First State Bank of Grove City has decreased its total deposits by $-713,000, resulting in -3.77% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First State Bank of Grove City has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First State Bank of Grove City has $22.63 million in assets with $4.73 million in equity, resulting in a capitalization level of 20.89%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.