Grand Timber Bank


Overview / Commentary
218-768-2410
204 North Maddy Street
Mcgregor, MN 55760

Grand Timber Bank is headquartered in MCGREGOR and is the 220th largest bank in the state of Minnesota. It is also the 4,271st largest bank in the nation. It was established in 1963 and as of September of 2023, it had grown to 12 employees at 1 location. Grand Timber Bank's CD rates are 2X the national average, and it has a B health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Grand Timber Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #18719
Year Established1963
Employees12
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.52%
Return on Equity - YTD11.36%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$58.9MM$58.6MM
LoansQ3 2023vs Q3 2022$46.9MM$42MM
DepositsQ3 2023vs Q3 2022$46.5MM$50.7MM
Equity CapitalQ3 2023vs Q3 2022$7.9MM$7.9MM
Loan Loss AllowanceQ3 2023vs Q3 2022$665K$80K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$596K$545K
Real Estate OwnedQ3 2023vs Q3 2022$0$15K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Grand Timber 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 Timber Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$50-Statement Savings Account
0.15%--Housing/Lawyer Trust

Grand Timber Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$25k*-Money Market Savings Account
OTHER TIERS: 0.15% Up to $2.5k | 0.20% $2.5k - $25k

Grand Timber Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$600-Now Checking Account

Grand Timber Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.84%*$75k*-36 Month CD
OTHER TIERS: 2.52% $500 - $25k | 2.68% $25k - $75k
2.68%*$75k*-30 Month CD
OTHER TIERS: 2.37% $500 - $25k | 2.52% $25k - $75k
2.52%*$75k*-24 Month CD
OTHER TIERS: 2.22% $500 - $25k | 2.37% $25k - $75k
2.37%*$75k*-18 Month CD
OTHER TIERS: 2.07% $500 - $25k | 2.22% $25k - $75k
2.22%*$75k*-12 Month CD
OTHER TIERS: 1.92% $500 - $25k | 2.07% $25k - $75k
1.51%$2.5k-182 Day CD
1.36%$2.5k-91 Day CD

Grand Timber Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.84%*$75k*-36 Month IRA
OTHER TIERS: 2.52% $500 - $25k | 2.68% $25k - $75k
2.68%*$75k*-30 Month IRA
OTHER TIERS: 2.37% $500 - $25k | 2.52% $25k - $75k
2.52%*$75k*-24 Month IRA
OTHER TIERS: 2.22% $500 - $25k | 2.37% $25k - $75k
2.37%*$75k*-18 Month IRA
OTHER TIERS: 2.07% $500 - $25k | 2.22% $25k - $75k
2.22%*$75k*-12 Month IRA
OTHER TIERS: 1.92% $500 - $25k | 2.07% $25k - $75k
1.51%$2.5k-182 Day IRA
1.36%$2.5k-91 Day IRA
Locations


Grand Timber Bank Locations
Grand Timber Bank204 N Maddy StMcgregor, MN 55760

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