Grand Timber Bank

Overview / Commentary

www.grandtimberbank.com

218-768-2410

204 North Maddy Street
Mcgregor, MN 55760

Grand Timber Bank is headquartered in Mcgregor and is the 247^th largest bank in the state of Minnesota. It is also the 4,955^th 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.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q2 2019

Learn why bank health matters

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 low asset base.

Health Grade Components

Overall
FDIC Certificate #	18719
Year Established	1963
Employees	11
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	2.1%
Return on Equity - YTD	16.2%
Annual Interest Income	$1.1MM

Assets and Liabilities
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

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	$50	-	Statement Savings Account
0.15%	-	-	Housing/Lawyer Trust

Grand Timber Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*	$25k^*	-	Money Market Savings Account
OTHER TIERS: 0.20% → Up to $2.5k \| 0.25% → $2.5k - $25k

Grand Timber Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$600	-	Now Checking Account

Grand Timber Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.86%^*	$75k^*	-	36 Month CD
OTHER TIERS: 1.66% → $500 - $25k \| 1.76% → $25k - $75k
1.71%^*	$75k^*	-	30 Month CD
OTHER TIERS: 1.51% → $500 - $25k \| 1.61% → $25k - $75k
1.56%^*	$75k^*	-	24 Month CD
OTHER TIERS: 1.36% → $500 - $25k \| 1.46% → $25k - $75k
1.41%^*	$75k^*	-	18 Month CD
OTHER TIERS: 1.21% → $500 - $25k \| 1.31% → $25k - $75k
1.36%^*	$75k^*	-	12 Month CD
OTHER TIERS: 1.16% → $500 - $25k \| 1.26% → $25k - $75k
0.75%	$2.5k	-	182 Day CD
0.60%	$2.5k	-	91 Day CD

Grand Timber Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.86%^*	$75k^*	-	36 Month IRA
OTHER TIERS: 1.66% → $500 - $25k \| 1.76% → $25k - $75k
1.71%^*	$75k^*	-	30 Month IRA
OTHER TIERS: 1.51% → $500 - $25k \| 1.61% → $25k - $75k
1.56%^*	$75k^*	-	24 Month IRA
OTHER TIERS: 1.36% → $500 - $25k \| 1.46% → $25k - $75k
1.41%^*	$75k^*	-	18 Month IRA
OTHER TIERS: 1.21% → $500 - $25k \| 1.31% → $25k - $75k
1.36%^*	$75k^*	-	12 Month IRA
OTHER TIERS: 1.16% → $500 - $25k \| 1.26% → $25k - $75k
0.75%	$2.5k	-	182 Day IRA
0.60%	$2.5k	-	91 Day IRA

Locations

Grand Timber Bank Locations
Grand Timber Bank	204 North Maddy Street	Mcgregor, MN 55760

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.