Glenwood State Bank (Incorporated) is headquartered in Glenwood and is the 59th largest bank in the state of Minnesota. It is also the 2,372nd largest bank in the nation. It was established in 1907 and as of December of 2017, it had grown to 49 employees at 3 locations. Glenwood State Bank (Incorporated) has a B health rating.
I have banked with Glenwood State Bank for my entire life. My parents opened a savings account for me there when I was born and as I have grown, I have also opened my own checking account. Since then I have made changes to my accounts as I have gotten married and had children of my own. I also used Glenwood State Bank when making the down payment on my home. Every time I need something from them, I am able to call and get top quality customer service very rapidly. I appreciate that there are no fees on the checking and savings accounts. I buy the checks and that is it. They also do not charge any extra fees when using and ATM to get cash. I know large banks have fees associated with their checking accounts and also charge you if you don't use one of their ATMs. I think this is absurd and it is one of the main reasons I have stayed with Glenwood State Bank even though they don't have any location near where I live now. Their website and mobile app allow me to track my finances and perform all of the tasks I need on a daily basis. Overall, I have been very satisfied with my experience and plan to continue using them as my primary banking institution.
|FDIC Certificate #||8853|
|Return on Assets - YTD||1.87%|
|Return on Equity - YTD||19.37%|
|Annual Interest Income||$11.5MM|
|Assets and Liabilities|
|Assets||Q4 2017vs Q4 2016||$272.9MM$254.7MM|
|Loans||Q4 2017vs Q4 2016||$254.1MM$232.6MM|
|Deposits||Q4 2017vs Q4 2016||$229.0MM$221.1MM|
|Equity Capital||Q4 2017vs Q4 2016||$25.7MM$24.4MM|
|Loan Loss Allowance||Q4 2017vs Q4 2016||$2.9MM$2.8MM|
|Unbacked Noncurrent Loans||Q4 2017vs Q4 2016||$4.6MM$3.7MM|
|Real Estate Owned||Q4 2017vs Q4 2016||$840.00K$1.4MM|
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|0.80%||-||$2,750||Christmas Club Savings|
|OTHER TIERS: 0.60% → Up to $50k|
|OTHER TIERS: 0.35% → Up to $5k | 0.45% → $5k - $10k | 0.55% → $10k - $25k | 0.60% → $25k - $50k|
|Glenwood State Bank (Incorporated) Locations|
|Alexandria Branch||2221 South Broadway||Alexandria, MN 56308|
|Glenwood State Bank (Incorporated)||5 East Minnesota Street||Glenwood, MN 56334|
|Detached Facility||Washington and Central Streets||Villard, MN 56385|