Glenwood State Bank (Incorporated)

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.31%	5-year CD	5 Year CD 2.35% - Synchrony Bank 60 Month CD
0.50%	1-year CD	1 Year CD 1.40% - Synchrony Bank 12 Month CD
0.20%	Savings	Savings 1.15% - CIT Bank Spring Savings

View all Glenwood State Bank (Incorporated) rates »

Overview / Commentary

www.glenwoodstate.com

320-634-5111

5 East Minnesota Street
Glenwood, MN 56334

Glenwood State Bank (Incorporated) is headquartered in Glenwood and is the 62^nd largest bank in the state of Minnesota. It is also the 2,511^th largest bank in the nation. It was established in 1907 and as of March of 2017, it had grown to 47 employees at 3 locations. Glenwood State Bank (Incorporated)'s money market rates are 14% higher than the national average, and it has a B health rating.

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Health

B

Data as of Q1 2017

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Health Grade Components

Overall
FDIC Certificate #	8853
Year Established	1907
Employees	47
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.08%
Return on Equity - YTD	11.17%
Annual Interest Income	$2.7MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$254.3MM$242.5MM
Loans	Q1 2017vs Q1 2016	$235.0MM$214.1MM
Deposits	Q1 2017vs Q1 2016	$220.0MM$210.8MM
Equity Capital	Q1 2017vs Q1 2016	$24.8MM$23.3MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$2.9MM$2.6MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$4.0MM$2.9MM
Real Estate Owned	Q1 2017vs Q1 2016	$1.4MM$1.4MM

Rates

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Glenwood State Bank (Incorporated) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%	-	$2,750	Christmas Club Savings
0.65%^*	$50k^*	-	Variable IRA
OTHER TIERS: 0.50% → Up to $50k
0.55%^*	$50k^*	-	HSA Variable
OTHER TIERS: 0.30% → Up to $5k \| 0.40% → $5k - $10k \| 0.45% → $10k - $25k \| 0.50% → $25k - $50k
0.20%	-	-	Savings

Glenwood State Bank (Incorporated) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$200k^*	-	Money Market Savings
OTHER TIERS: 0.20% → Up to $50k \| 0.30% → $50k - $100k \| 0.40% → $100k - $200k

Glenwood State Bank (Incorporated) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	$800	-	NOW Checking

Glenwood State Bank (Incorporated) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.31%^*	$50k^*	-	5 Year CD
OTHER TIERS: 1.16% → $500 - $10k \| 1.21% → $10k - $25k \| 1.26% → $25k - $50k
1.16%^*	$50k^*	-	4 Year CD
OTHER TIERS: 1.00% → $500 - $10k \| 1.05% → $10k - $25k \| 1.11% → $25k - $50k
0.85%^*	$50k^*	-	3 Year CD
OTHER TIERS: 0.70% → $500 - $10k \| 0.75% → $10k - $25k \| 0.80% → $25k - $50k
0.75%^*	$50k^*	-	30 Month CD
OTHER TIERS: 0.60% → $500 - $10k \| 0.65% → $10k - $25k \| 0.70% → $25k - $50k
0.70%^*	$50k^*	-	2 Year CD
OTHER TIERS: 0.55% → $500 - $10k \| 0.60% → $10k - $25k \| 0.65% → $25k - $50k
0.55%^*	$50k^*	-	18 Month CD
OTHER TIERS: 0.40% → $500 - $10k \| 0.45% → $10k - $25k \| 0.50% → $25k - $50k
0.52%^*	$50k^*	-	15 Month CD
OTHER TIERS: 0.37% → $500 - $10k \| 0.42% → $10k - $25k \| 0.47% → $25k - $50k
0.50%^*	$50k^*	-	1 Year CD
OTHER TIERS: 0.35% → $500 - $10k \| 0.40% → $10k - $25k \| 0.45% → $25k - $50k
0.40%^*	$50k^*	-	6 Month CD
OTHER TIERS: 0.25% → $500 - $10k \| 0.30% → $10k - $25k \| 0.35% → $25k - $50k
0.35%^*	$50k^*	-	7-30 Day CD
OTHER TIERS: 0.20% → $500 - $10k \| 0.25% → $10k - $25k \| 0.30% → $25k - $50k
0.35%^*	$50k^*	-	3 Month CD
OTHER TIERS: 0.20% → $500 - $10k \| 0.25% → $10k - $25k \| 0.30% → $25k - $50k

Glenwood State Bank (Incorporated) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.31%^*	$50k^*	-	5 Year IRA
OTHER TIERS: 1.16% → $500 - $10k \| 1.21% → $10k - $25k \| 1.26% → $25k - $50k
1.16%^*	$50k^*	-	4 Year IRA
OTHER TIERS: 1.00% → $500 - $10k \| 1.05% → $10k - $25k \| 1.11% → $25k - $50k
0.85%^*	$50k^*	-	3 Year IRA
OTHER TIERS: 0.70% → $500 - $10k \| 0.75% → $10k - $25k \| 0.80% → $25k - $50k
0.75%^*	$50k^*	-	30 Month IRA
OTHER TIERS: 0.60% → $500 - $10k \| 0.65% → $10k - $25k \| 0.70% → $25k - $50k
0.70%^*	$50k^*	-	2 Year IRA
OTHER TIERS: 0.55% → $500 - $10k \| 0.60% → $10k - $25k \| 0.65% → $25k - $50k
0.55%^*	$50k^*	-	18 Month IRA
OTHER TIERS: 0.40% → $500 - $10k \| 0.45% → $10k - $25k \| 0.50% → $25k - $50k
0.52%^*	$50k^*	-	15 Month IRA
OTHER TIERS: 0.37% → $500 - $10k \| 0.42% → $10k - $25k \| 0.47% → $25k - $50k
0.50%^*	$50k^*	-	1 Year IRA
OTHER TIERS: 0.35% → $500 - $10k \| 0.40% → $10k - $25k \| 0.45% → $25k - $50k
0.40%^*	$50k^*	-	6 Month IRA
OTHER TIERS: 0.25% → $500 - $10k \| 0.30% → $10k - $25k \| 0.35% → $25k - $50k
0.35%^*	$50k^*	-	7-30 Day IRA
OTHER TIERS: 0.20% → $500 - $10k \| 0.25% → $10k - $25k \| 0.30% → $25k - $50k
0.35%^*	$50k^*	-	3 Month IRA
OTHER TIERS: 0.20% → $500 - $10k \| 0.25% → $10k - $25k \| 0.30% → $25k - $50k

Locations

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