American State Bank of Grygla


Overview / Commentary
218-294-6111
102 S Main Ave
Grygla, MN 56727

American State Bank of Grygla is headquartered in GRYGLA and is the 207th largest bank in the state of Minnesota. It is also the 4,144th largest bank in the nation. It was established in 1976 and as of September of 2023, it had grown to 15 employees at 2 locations. American State Bank of Grygla has a C health rating.

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Health
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 Established1976
Employees15
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD16.99%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$71.8MM$70.5MM
LoansQ3 2023vs Q3 2022$39.1MM$34.3MM
DepositsQ3 2023vs Q3 2022$67.2MM$66.4MM
Equity CapitalQ3 2023vs Q3 2022$4.1MM$3.8MM
Loan Loss AllowanceQ3 2023vs Q3 2022$477K$462K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$405K$114K
Real Estate OwnedQ3 2023vs Q3 2022$99K$0
Rates

Rates for American State Bank of Grygla are currently being reviewed.

Locations


American State Bank of Grygla Locations
American State Bank Of Grygla102 S Main AveGrygla, MN 56727
Erskine Br201 Vance AvenueErskine, MN 56535

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