Overview / Commentary
877-326-4772
523 Nw 1st Avenue
Grand Rapids, MN 55744

Grand Rapids State Bank is headquartered in Grand Rapids and is the 80th largest bank in the state of Minnesota. It is also the 2,803rd largest bank in the nation. It was established in 1914 and as of March of 2018, it had grown to 44 employees at 2 locations. Grand Rapids State Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #10962
Year Established1914
Employees44
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD8.66%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$213.7MM$217.9MM
LoansQ1 2018vs Q1 2017$137.5MM$141.6MM
DepositsQ1 2018vs Q1 2017$186.7MM$191.8MM
Equity CapitalQ1 2018vs Q1 2017$21.3MM$22.2MM
Loan Loss AllowanceQ1 2018vs Q1 2017$1.0MM$998.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.1MM$413.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$673.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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%$2.5k-Money Market Savings

Grand Rapids State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


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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