Grand Timber Bank is headquartered in Mcgregor and is the 247th largest bank in the state of Minnesota. It is also the 4,955th largest bank in the nation. It was established in 1963 and as of June of 2019, it had grown to 11 employees at 1 location. Grand Timber Bank's CD rates are 51% higher than the national average, and it has a B health rating.
Overall | |
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FDIC Certificate # | 18719 |
Year Established | 1963 |
Employees | 11 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 2.1% |
Return on Equity - YTD | 16.2% |
Annual Interest Income | $1.1MM |
Assets and Liabilities | ||
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Assets | Q2 2019vs Q2 2018 | $43.6MM$42.0MM |
Loans | Q2 2019vs Q2 2018 | $29.8MM$26.0MM |
Deposits | Q2 2019vs Q2 2018 | $37.8MM$36.5MM |
Equity Capital | Q2 2019vs Q2 2018 | $5.7MM$5.3MM |
Loan Loss Allowance | Q2 2019vs Q2 2018 | $797.00K$846.00K |
Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $934.00K$1.5MM |
Real Estate Owned | Q2 2019vs Q2 2018 | $79.00K$258.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.15% | $50 | - | Statement Savings Account | |
0.15% | - | - | Housing/Lawyer Trust |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.40%* | $25k* | - | Money Market Savings Account | ||
OTHER TIERS: 0.20% → Up to $2.5k | 0.25% → $2.5k - $25k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.05% | $600 | - | Now Checking Account |
Grand Timber Bank Locations | ||
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Grand Timber Bank | 204 North Maddy Street | Mcgregor, MN 55760 |