Grand Rapids State Bank

Grand Rapids State Bank is headquartered in Grand Rapids and is the 65^th largest bank in the state of Minnesota. It is also the 2,741^st largest bank in the nation. It was established in 1914 and as of March of 2012, it had grown to 51 employees at 2 locations. Grand Rapids State Bank's savings rates are 92% higher than the national average, and it has a 4-star health rating.

Grand Rapids State Bank Routing Number: 091211170

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Grand Rapids State Bank CD Rates

Data for Q1 2012

Institution Statistics Grand Rapids State Bank FDIC Certificate # 10962 BankRate Report View Year Established 1914 Employees 51 Primary Regulator FED Assets and Liabilities Assets $234.16 million Loans $114.19 million Deposits $191.36 million Equity Capital $27.28 million Loan Loss Allowance $2.38 million Unbacked Noncurrent Loans $607,000 Real Estate Owned $2.04 million Historic Data - March 2011 Assets $228.57 million Equity Capital $26.06 million Loan Loss Allowance $2.43 million Unbacked Noncurrent Loans $906,000 Real Estate Owned $1.66 million Profit Margin - Quarterly Net Interest Margin 3.84% Return on Assets 0.72% Return on Equity 6.12% Interest Income $2.53 million

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 Grand Rapids State Bank had $2.65 million in non-current loans and owned real-estate with $29.66 million in equity and loan loss allowances on hand to cover it. This gives Grand Rapids State Bank a Texas Ratio of 8.93% 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 Grand Rapids State Bank held steady from 9.01% as of March 31, 2011 to 8.93% as of March 31, 2012, resulting in a positive change of 0.88%.This indicates that the balance sheet and financial strength for Grand Rapids State Bank has held steady in recent periods. Deposit Growth In the past year, Grand Rapids State Bank has decreased its total deposits by -$2.8 million, resulting in -1.44% 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 Grand Rapids State Bank 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. Grand Rapids State Bank has $234.16 million in assets with $29.66 million in equity, resulting in a capitalization level of 12.67%, which is excellent.

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