Grinnell State Bank

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LOCATIONS

TODAY'S FEATURED RATES

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

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

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

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

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

grinnell.bank

641-236-3174

814 Fourth Avenue
Grinnell, IA 50112

Grinnell State Bank is headquartered in GRINNELL and is the 61^st largest bank in the state of Iowa. It is also the 1,785^th largest bank in the nation. It was established in 1925 and as of March of 2025, it had grown to 50 employees at 4 locations. Grinnell 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 #	11347
Year Established	1925
Employees	50
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.99%
Return on Equity - YTD	11.97%
Annual Interest Income	$6.7MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$505.2MM$475.1MM
Loans	Q1 2025vs Q1 2024	$381.3MM$344.7MM
Deposits	Q1 2025vs Q1 2024	$342.9MM$359.2MM
Equity Capital	Q1 2025vs Q1 2024	$42.7MM$37.6MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$3.9MM$3.7MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$6.8MM$3.1MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

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

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

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

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

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 Grinnell State Bank are currently being reviewed.

Locations

Grinnell State Bank Locations
Marengo Branch	1101 Court Avenue	Marengo, IA 52301
Polk City Branch	205 Broadway	Polk City, IA 50226
Johnston Branch	5601 Merle Hay Road	Johnston, IA 50131
Grinnell State Bank	814 4th Ave	Grinnell, IA 50112

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