Global Innovations Bank


Overview / Commentary
507-294-3621
101 N Main Street
Kiester, MN 56051

Global Innovations Bank is headquartered in KIESTER and is the 209th largest bank in the state of Minnesota. It is also the 4,207th largest bank in the nation. It was established in 1889 and as of March of 2024, it had grown to 21 employees at 1 location. Global Innovations Bank has an A health rating.

Reviews (2)

Website Is Less Than Inviting

Posted by: |

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.

Posted by: |

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!!!!!



Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Global Innovations Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #5175
Year Established1889
Employees21
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.28%
Return on Equity - YTD9.86%
Annual Interest Income$551K
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$63.1MM$49.8MM
LoansQ1 2024vs Q1 2023$30.1MM$17.9MM
DepositsQ1 2024vs Q1 2023$54.8MM$42.2MM
Equity CapitalQ1 2024vs Q1 2023$8MM$7.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$352K$284K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$27K$21K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates

Sorry, we do not have rate data for Global Innovations Bank.

Locations


Global Innovations Bank Locations
First State Bank Of Kiester101 N Main StKiester, MN 56051

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