Grand Rapids State Bank

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

Grand Rapids State Bank is headquartered in Grand Rapids and is the 73rd largest bank in the state of Minnesota. It is also the 2,478th largest bank in the nation. It was established in 1914 and as of June of 2020, it had grown to 45 employees at 2 locations. Grand Rapids State Bank has an A health rating.


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Health Grade Components

FDIC Certificate #10962
Year Established1914
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.78%
Return on Equity - YTD17.98%
Annual Interest Income$5.6MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$278.9MM$234.7MM
LoansQ2 2020vs Q2 2019$167.8MM$154.9MM
DepositsQ2 2020vs Q2 2019$204.4MM$183.0MM
Equity CapitalQ2 2020vs Q2 2019$25.4MM$22.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.1MM$1.1MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$0$553.00K
Real Estate OwnedQ2 2020vs Q2 2019$200.00K$644.00K
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Always verify rates and promotions with the bank or credit union. We are not Grand Rapids State Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

1.00%$500-Education Savings
0.17%$25k- Business Funds Management Savings
0.03%$100-Regular Savings
0.03%--Christmas Club Savings

Grand Rapids State Bank Money Market Rates

0.20%*$1m*- Money Market Plus Savings
OTHER TIERS: 0.08% $5k - $100k | 0.12% $100k - $500k | 0.17% $500k - $1m
0.08%$2.5k-Money Market Savings

Grand Rapids State Bank Checking Account Rates

0.10%*$100k*- Business Interest Checking
OTHER TIERS: 0.03% $2.5k - $50k | 0.05% $50k - $100k
0.05%*$10k*-Interest Checking
OTHER TIERS: 0.03% $500 - $10k
0.05%*$10k*-Grand Checking
OTHER TIERS: 0.03% Up to $10k

Grand Rapids State Bank CD Rates

1.00%$1k-60 Month CD
0.85%$1k-48 Month CD
0.60%$1k-36 Month CD
0.45%$1k-30 Month CD
0.35%$1k-24 Month CD
0.25%$1k-18 Month CD
0.20%$1k-12 Month CD
0.03%$1k-3 Month CD
0.03%$1k-6 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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