American State Bank of Grygla

Overview / Commentary
102 S Main Ave
Grygla, MN 56727

American State Bank of Grygla is headquartered in Grygla and is the 220th largest bank in the state of Minnesota. It is also the 4,676th largest bank in the nation. It was established in 1976 and as of September of 2019, it had grown to 15 employees at 2 locations. American State Bank of Grygla's CD rates are 79% higher than the national average, and it has a B+ health rating.


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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

FDIC Certificate #22263
Year Established1976
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.45%
Return on Equity - YTD13.43%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$58.9MM$50.9MM
LoansQ3 2019vs Q3 2018$37.1MM$34.3MM
DepositsQ3 2019vs Q3 2018$52.6MM$45.1MM
Equity CapitalQ3 2019vs Q3 2018$6.2MM$5.5MM
Loan Loss AllowanceQ3 2019vs Q3 2018$379.00K$327.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$729.00K$1.1MM
Real Estate OwnedQ3 2019vs Q3 2018$0$95.00K
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American State Bank of Grygla Savings Account Rates

0.75%$10k-High Yield Savings Account
0.75%$10k-Business High Yield Savings Account
0.35%--Passbook Savings Account
0.35%--Business Passbook Savings Account

American State Bank of Grygla Money Market Rates

0.35%$2.5k-MM Checking

American State Bank of Grygla Checking Account Rates

0.20%$500-NOW Account
0.20%$500-Business NOW Account

American State Bank of Grygla CD Rates

2.22%$500-48 Month CD
2.02%$500-36 Month CD
1.96%$500-30 Month CD
1.92%$500-24 Month CD
1.66%$500-18 Month CD
1.61%$500-12 Month CD
1.00%$2.5k-6 Month CD
0.85%$2.5k-3 Month CD

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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