Global Innovations Bank is headquartered in KIESTER and is the 201st largest bank in the state of Minnesota. It is also the 4,093rd largest bank in the nation. It was established in 1889 and as of June of 2024, it had grown to 21 employees at 1 location. Global Innovations Bank has an A health rating.
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Website Is Less Than Inviting
Their website is just atrocious and useless. They ask all information about you even before they show you what their rates are. "Show me yours, and I'll show you mine"? C'mon, this is banking and not a kindergarten!
No Information On Website.
Was looking into their 12 month at 5.5% APY. Went to their website and looked into CDs. Always like to check what Bankrate says and the bank themselves say. No such luck at Global Innovations Bank. If you hit Cds, The next screen give you a button to apply. NO RATES, NOTHING!!!!
This is the first sign to STAY AWAY!!!!!
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5175 |
| Year Established | 1889 |
| Employees | 21 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.26% |
| Return on Equity - YTD | 10.21% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $73.3MM$55MM |
| Loans | Q2 2024vs Q2 2023 | $33.4MM$19.3MM |
| Deposits | Q2 2024vs Q2 2023 | $64.7MM$47.1MM |
| Equity Capital | Q2 2024vs Q2 2023 | $8.2MM$7.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $368K$285K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $58K$20K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |