First State Bank of Grove City

Overview / Commentary
110 Atlantic Avenue West
Grove City, MN 56243-0008

First State Bank of Grove City is headquartered in Grove City and is the 265th largest bank in the state of Minnesota. It is also the 5,022nd largest bank in the nation. It was established in 1907 and as of December of 2019, it had grown to 4 employees at 1 location. First State Bank of Grove City's money market rates are 14% higher than the national average, and it has a B+ health rating.


No reviews have been left for this bank yet. Be the first to review.

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. First State Bank of Grove City has a low asset base.

Health Grade Components

FDIC Certificate #8857
Year Established1907
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD3.91%
Annual Interest Income$809.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$29.7MM$24.9MM
LoansQ4 2019vs Q4 2018$15.2MM$15.3MM
DepositsQ4 2019vs Q4 2018$24.4MM$19.3MM
Equity CapitalQ4 2019vs Q4 2018$5.3MM$5.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$24.00K$106.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$56.00K$184.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not First State Bank of Grove City; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First State Bank of Grove City Savings Account Rates

0.25%--Regular Savings

First State Bank of Grove City Money Market Rates

0.50%*$100k*-Money Market Savings
OTHER TIERS: 0.05% $2.5k - $10k | 0.10% $10k - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k

First State Bank of Grove City Checking Account Rates

0.20%--Super Now Account
0.10%--Now Account

First State Bank of Grove City CD Rates

1.40%$1k-72 Month CD
1.30%$1k-60 Month CD
1.20%$1k-48 Month CD
1.10%$1k-36 Month CD
1.00%$1k-24 Month CD
0.90%$1k-12 Month CD
0.75%$1k-182 Day CD

First State Bank of Grove City IRA Rates

1.30%$1k-60 Month IRA
1.20%$1k-48 Month IRA
1.10%$1k-36 Month IRA
1.00%$1k-24 Month IRA
0.90%$1k-12 Month IRA
0.75%$1k-182 Day IRA

First State Bank of Grove City Locations
First State Bank Of Grove City110 Atlantic Avenue WestGrove City, MN 56243

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.