American State Bank of Grygla

Overview / Commentary

www.asbgrygla.com

218-294-6111

102 S Main Ave
Grygla, MN 56727

American State Bank of Grygla is headquartered in Grygla and is the 212^th largest bank in the state of Minnesota. It is also the 4,363^rd largest bank in the nation. It was established in 1976 and as of September of 2021, it had grown to 14 employees at 2 locations. American State Bank of Grygla has a B+ health rating.

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Health

B+

Data as of Q3 2021

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. American State Bank of Grygla has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	22263
Year Established	1976
Employees	14
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.32%
Return on Equity - YTD	14.67%
Annual Interest Income	$1.9MM

Assets and Liabilities
Assets	Q3 2021vs Q3 2020	$73.4MM$61.3MM
Loans	Q3 2021vs Q3 2020	$36.6MM$36.5MM
Deposits	Q3 2021vs Q3 2020	$66.3MM$54.7MM
Equity Capital	Q3 2021vs Q3 2020	$6.6MM$6.5MM
Loan Loss Allowance	Q3 2021vs Q3 2020	$435.00K$408.00K
Unbacked Noncurrent Loans	Q3 2021vs Q3 2020	$210.00K$4.00K
Real Estate Owned	Q3 2021vs Q3 2020	$0$0

Rates

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Money Market
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American State Bank of Grygla Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	-	-	IRA
0.15%	$10k	-	High Yield Savings Account
0.15%	$10k	-	Business High Yield Savings Account
0.10%	-	-	Regular Savings Account
0.10%	-	-	Business Regular Savings Account

American State Bank of Grygla Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$2.5k	-	MM Checking

American State Bank of Grygla Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$500	-	NOW Account
0.05%	$500	-	Business NOW Account

American State Bank of Grygla CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%	$500	-	48 Month CD
0.65%	$500	-	36 Month CD
0.60%	$500	-	30 Month CD
0.55%	$500	-	24 Month CD
0.45%	$500	-	18 Month CD
0.40%	$500	-	12 Month CD
0.30%	$2.5k	-	6 Month CD
0.15%	$2.5k	-	3 Month CD

Locations

American State Bank of Grygla Locations
American State Bank Of Grygla	102 S Main Ave	Grygla, MN 56727
Erskine Br	201 Vance Avenue	Erskine, MN 56535

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