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 222nd largest bank in the state of Minnesota. It is also the 4,576th largest bank in the nation. It was established in 1976 and as of June of 2020, it had grown to 15 employees at 2 locations. American State Bank of Grygla 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
Employees15
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD10.97%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$60.5MM$52.5MM
LoansQ2 2020vs Q2 2019$37.7MM$36.3MM
DepositsQ2 2020vs Q2 2019$53.9MM$45.3MM
Equity CapitalQ2 2020vs Q2 2019$6.4MM$6.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$404.00K$388.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$557.00K$961.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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American State Bank of Grygla Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%--IRA
0.35%$10k-High Yield Savings Account
0.35%$10k-Business High Yield Savings Account
0.15%--Regular Savings Account
0.15%--Business Regular Savings Account

American State Bank of Grygla Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$2.5k-MM Checking

American State Bank of Grygla Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-NOW Account
0.05%$500-Business NOW Account

American State Bank of Grygla CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-48 Month CD
0.90%$500-36 Month CD
0.85%$500-30 Month CD
0.75%$500-24 Month CD
0.65%$500-18 Month CD
0.60%$500-12 Month CD
0.40%$2.5k-6 Month CD
0.25%$2.5k-3 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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