Grand Rapids State Bank

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LOCATIONS

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

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Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

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Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

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Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

grsb.bank

218-326-9414

523 Nw 1st Avenue
Grand Rapids, MN 55744

Grand Rapids State Bank is headquartered in GRAND RAPIDS and is the 103^rd largest bank in the state of Minnesota. It is also the 2,860^th largest bank in the nation. It was established in 1914 and as of March of 2025, it had grown to 41 employees at 2 locations. Grand Rapids State Bank has a C+ health rating.

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Health

C+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	10962
Year Established	1914
Employees	41
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.34%
Return on Equity - YTD	13.93%
Annual Interest Income	$3.1MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$230.5MM$237.4MM
Loans	Q1 2025vs Q1 2024	$158.8MM$148.4MM
Deposits	Q1 2025vs Q1 2024	$205.2MM$214.6MM
Equity Capital	Q1 2025vs Q1 2024	$22.7MM$20.2MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$1.1MM$1.1MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$3.2MM$29K
Real Estate Owned	Q1 2025vs Q1 2024	$1.7MM$1.7MM

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Rates for Grand Rapids State Bank are currently being reviewed.

Locations

Grand Rapids State Bank Locations
Pokegama Branch	1 Golf Course Road	Grand Rapids, MN 55744
Grand Rapids State Bank	523 Nw 1st Ave	Grand Rapids, MN 55744

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