Glenwood State Bank (Incorporated)


Overview / Commentary
320-634-5111
5 East Minnesota Street
Glenwood, MN 56334

Glenwood State Bank (Incorporated) is headquartered in GLENWOOD and is the 41st largest bank in the state of Minnesota. It is also the 1,708th largest bank in the nation. It was established in 1907 and as of March of 2025, it had grown to 73 employees at 3 locations. Glenwood State Bank (Incorporated) has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #8853
Year Established1907
Employees73
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.23%
Return on Equity - YTD13.63%
Annual Interest Income$7.8MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$540.7MM$530.6MM
LoansQ1 2025vs Q1 2024$488.8MM$496MM
DepositsQ1 2025vs Q1 2024$469.2MM$452.2MM
Equity CapitalQ1 2025vs Q1 2024$50.2MM$45.9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$5.8MM$5.6MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$7MM$3.5MM
Real Estate OwnedQ1 2025vs Q1 2024$0$211K
Rates

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Locations


Glenwood State Bank (Incorporated) Locations
Alexandria Branch2221 South BroadwayAlexandria, MN 56308
Glenwood State Bank (Incorporated)5 E Minnesota AveGlenwood, MN 56334
Detached FacilityWashington and Central StreetsVillard, MN 56385

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