Grinnell State Bank is headquartered in Grinnell and is the 58th largest bank in the state of Iowa. It is also the 1,936th largest bank in the nation. It was established in 1925 and as of December of 2020, it had grown to 46 employees at 4 locations. Grinnell State Bank's savings rates are 2X the national average, and it boasts an A+ health rating.
Overall | |
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FDIC Certificate # | 11347 |
Year Established | 1925 |
Employees | 46 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.13% |
Return on Equity - YTD | 9.35% |
Annual Interest Income | $15.4MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $406.3MM$325.5MM |
Loans | Q4 2020vs Q4 2019 | $290.3MM$249.2MM |
Deposits | Q4 2020vs Q4 2019 | $330.0MM$256.3MM |
Equity Capital | Q4 2020vs Q4 2019 | $45.0MM$41.7MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $2.6MM$2.6MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.1MM$3.6MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $250.00K$250.00K |
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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 | |
---|---|---|---|---|---|
0.05%* | $25k* | - | Business Money Market Savings | ||
OTHER TIERS: 0.02% → $10k - $25k | |||||
0.02% | $25k | - | Money Market Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.07%* | $200k* | - | Premier Checking | ||
OTHER TIERS: 0.01% → Up to $50k | 0.05% → $50k - $200k | |||||
0.05%* | $25k* | - | Full Service Checking | ||
OTHER TIERS: 0.02% → $2.5k - $25k |
Grinnell State Bank Locations | ||
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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 Fourth Avenue | Grinnell, IA 50112 |