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 223rd largest bank in the state of Minnesota. It is also the 4,306th largest bank in the nation. It was established in 1889 and as of September of 2023, it had grown to 18 employees at 1 location. Global Innovations Bank has an A health rating.

Related Posts

Global Innovations Bank Adds Competitive 12-Month CD Special - 1/23/2024

Global Innovations Bank (MN) is offering a nationally available competitive 12-month CD Special through CD Valet. $10k minimum deposit, with no stated balance cap.

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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
Employees18
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD8.84%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$55.5MM$46.9MM
LoansQ3 2023vs Q3 2022$22MM$17.2MM
DepositsQ3 2023vs Q3 2022$47.3MM$43.5MM
Equity CapitalQ3 2023vs Q3 2022$7.9MM$3.3MM
Loan Loss AllowanceQ3 2023vs Q3 2022$298K$280K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$20K$48K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates

Rates for Global Innovations Bank are currently being reviewed.

Locations


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

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