Glenwood State Bank (Incorporated)
Glenwood State Bank (Incorporated) is headquartered in Glenwood and is the 53rd largest bank in the state of Minnesota. It is also the 2,229th largest bank in the nation. It was established in 1907 and as of March of 2019, it had grown to 50 employees at 3 locations. Glenwood State Bank (Incorporated) has an A health rating.
Excellent hometown bank
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.
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 8853 |
| Year Established | 1907 |
| Employees | 50 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.4% |
| Return on Equity - YTD | 14.69% |
| Annual Interest Income | $3.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $296.7MM$271.0MM |
| Loans | Q1 2019vs Q1 2018 | $272.6MM$252.0MM |
| Deposits | Q1 2019vs Q1 2018 | $250.1MM$229.9MM |
| Equity Capital | Q1 2019vs Q1 2018 | $28.8MM$26.9MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $2.9MM$2.9MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $3.0MM$5.1MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $189.00K$840.00K |
Sorry, we do not have rate data for Glenwood State Bank (Incorporated).
| 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 |