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 199th largest bank in the state of Minnesota. It is also the 4,056th largest bank in the nation. It was established in 1976 and as of September of 2024, it had grown to 16 employees at 2 locations. American State Bank of Grygla's money market rates are 6X the national average, and it has a B+ health rating.

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Health
B+
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
Employees16
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD16.34%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$75.7MM$71.8MM
LoansQ3 2024vs Q3 2023$40.5MM$39.1MM
DepositsQ3 2024vs Q3 2023$69.2MM$67.2MM
Equity CapitalQ3 2024vs Q3 2023$6.2MM$4.1MM
Loan Loss AllowanceQ3 2024vs Q3 2023$479K$477K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$249K$405K
Real Estate OwnedQ3 2024vs Q3 2023$73K$99K
Rates
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American State Bank of Grygla Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.43%$0-IRA
2.00%$10k-High Yield Savings Account
2.00%$10k-Business High Yield Savings Account
0.20%$0-Regular Savings Account
0.20%$0-Business Regular Savings Account

American State Bank of Grygla Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.43%$2.5k-MM Checking

American State Bank of Grygla Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$500-NOW Account
0.15%$500-Business NOW Account

American State Bank of Grygla CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%$500-18 Month CD
3.14%$500-12 Month CD
2.87%$2.5k-6 Month CD
2.67%$2.5k-3 Month CD
2.62%$500-24 Month CD
2.62%$500-30 Month CD
2.52%$500-36 Month CD
2.42%$500-48 Month CD
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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