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Overview / Commentary
523 Nw 1st Avenue
Grand Rapids, MN 55744

Grand Rapids State Bank is headquartered in Grand Rapids and is the 71st largest bank in the state of Minnesota. It is also the 2,670th largest bank in the nation. It was established in 1914 and as of December of 2017, it had grown to 44 employees at 2 locations. Grand Rapids State Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #10962
Year Established1914
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD10.09%
Annual Interest Income$8.6MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$231.2MM$221.6MM
LoansQ4 2017vs Q4 2016$137.2MM$141.8MM
DepositsQ4 2017vs Q4 2016$201.3MM$195.4MM
Equity CapitalQ4 2017vs Q4 2016$21.9MM$22.1MM
Loan Loss AllowanceQ4 2017vs Q4 2016$1.0MM$1.1MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$892.00K$907.00K
Real Estate OwnedQ4 2017vs Q4 2016$282.00K$359.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Grand Rapids State Bank Savings Account Rates

2.27%$500-Education Savings
0.35%*$800k*-Business Funds Management Savings
OTHER TIERS: 0.20% $25k - $250k | 0.25% $250k - $500k | 0.30% $500k - $800k
0.10%$100-Regular Savings
0.08%--Christmas Club Savings

Grand Rapids State Bank Money Market Rates

0.35%*$800k*-Money Market Plus Savings
OTHER TIERS: 0.15% $5k - $25k | 0.20% $25k - $100k | 0.25% $100k - $500k | 0.30% $500k - $800k
0.15%$2,500-Money Market Savings

Grand Rapids State Bank Checking Account Rates

0.25%*$100k*-Business Interest Checking
OTHER TIERS: 0.10% $2,500 - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k
0.10%*$10k*-Interest Checking
OTHER TIERS: 0.05% $500 - $10k
0.10%*$10k*-Grand Checking
OTHER TIERS: 0.05% Up to $10k

Grand Rapids State Bank CD Rates

1.25%$1k-60 Month CD
1.00%$1k-48 Month CD
0.75%$1k-36 Month CD
0.55%$1k-30 Month CD
0.40%$1k-24 Month CD
0.30%$1k-18 Month CD
0.25%$1k-12 Month CD
0.05%$1k-6 Month CD
0.03%$1k-3 Month CD

Grand Rapids State Bank Locations
Pokegama Branch1 Golf Course RoadGrand Rapids, MN 55744
Grand Rapids State Bank523 NW 1st AvenueGrand Rapids, MN 55744

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