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Overview / Commentary
320-857-2521
110 Atlantic Avenue West
Grove City, MN 56243

First State Bank of Grove City is headquartered in Grove City and is the 293rd largest bank in the state of Minnesota. It is also the 5,535th largest bank in the nation. It was established in 1907 and as of December of 2017, it had grown to 6 employees at 1 location. First State Bank of Grove City has a C+ health rating.

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Health
C+
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

Overall
FDIC Certificate #8857
Year Established1907
Employees6
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.54%
Return on Equity - YTD7.03%
Annual Interest Income$971.00K
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$25.7MM$23.6MM
LoansQ4 2017vs Q4 2016$16.2MM$15.3MM
DepositsQ4 2017vs Q4 2016$20.2MM$18.3MM
Equity CapitalQ4 2017vs Q4 2016$5.4MM$5.2MM
Loan Loss AllowanceQ4 2017vs Q4 2016$162.00K$147.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$1.2MM$482.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$64.00K
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$100-Regular Savings
0.15%$50-Youth Savings

First State Bank of Grove City Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$100k*-Money Market Savings
OTHER TIERS: 0.10% $2,500 - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k

First State Bank of Grove City Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$2,500-Super Now Account
0.10%$900-Now Account

First State Bank of Grove City CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.66%$1k-72 Month CD
1.46%$1k-60 Month CD
1.25%$1k-48 Month CD
1.05%$1k-36 Month CD
0.75%$1k-24 Month CD
0.50%$1k-12 Month CD
0.30%$1k-182 Day CD
Locations


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

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