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Grinnell State Bank

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Overview / Commentary

641-236-3174

814 Fourth Avenue
Grinnell, IA 50112

Grinnell State Bank is headquartered in Grinnell and is the 66^th largest bank in the state of Iowa. It is also the 2,049^th largest bank in the nation. It was established in 1925 and as of June of 2020, it had grown to 46 employees at 4 locations. Grinnell State Bank's savings rates are 3X the national average, and it boasts an A+ health rating.

Related Posts

IA Residents ONLY: 1.51% APY Simply Savings Acct., Balances $100 - $25,000 - 7/10/2020

No maintenance fees w/ a balance of $100. For balances above $25k, the APY varies from 0.01% to 0.06%. As usual, anyone wanting to post this deal on their own website should credit DA for the find. This means you, Anthony Nguyen. https://grinnell.bank/personal/personal-banking/savings/simply-savings/

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Health

A+

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #	11347
Year Established	1925
Employees	46
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.45%
Return on Equity - YTD	11.61%
Annual Interest Income	$8.0MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$363.5MM$324.0MM
Loans	Q2 2020vs Q2 2019	$276.4MM$241.3MM
Deposits	Q2 2020vs Q2 2019	$283.6MM$248.1MM
Equity Capital	Q2 2020vs Q2 2019	$44.2MM$40.5MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$2.0MM$2.4MM
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$1.3MM$3.0MM
Real Estate Owned	Q2 2020vs Q2 2019	$250.00K$250.00K

Rates

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Money Market
Checking
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Grinnell State Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.51%^*	-	$500	Simply Savings
OTHER TIERS: 0.01% → $25k - $50k \| 0.04% → $50k - $200k \| 0.06% → $200k+ \| 1.50% → $500 - $25k
1.51%^*	-	$500	Business Simply Savings
OTHER TIERS: 0.01% → $25k - $50k \| 0.04% → $50k - $200k \| 0.06% → $200k+ \| 1.50% → $500 - $25k
0.70%	$50	-	IRA Open Time
0.70%	$50	-	College Fund Account
0.08%^*	$200k^*	-	Savings
OTHER TIERS: 0.02% → Up to $50k \| 0.06% → $50k - $200k
0.08%^*	$200k^*	-	Business Savings
OTHER TIERS: 0.02% → Up to $50k \| 0.06% → $50k - $200k

Grinnell State Bank Money Market Rates

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

Grinnell State Bank Checking Account Rates

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 CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.05%^*	$15k^*	-	15 Month One-Time Bump CD Special
OTHER TIERS: 0.95% → $1k - $15k
1.05%^*	$15k^*	-	33 Month One-Time Bump CD Special
OTHER TIERS: 0.95% → $1k - $15k
1.00%^*	$50k^*	-	60 Month CD
OTHER TIERS: 0.80% → $1k - $15k \| 0.90% → $15k - $50k
0.70%^*	$50k^*	-	24 Month CD
OTHER TIERS: 0.50% → $1k - $15k \| 0.60% → $15k - $50k
0.70%^*	$50k^*	-	30 Month CD
OTHER TIERS: 0.50% → $1k - $15k \| 0.60% → $15k - $50k
0.70%^*	$50k^*	-	36 Month CD
OTHER TIERS: 0.50% → $1k - $15k \| 0.60% → $15k - $50k
0.70%^*	$50k^*	-	42 Month CD
OTHER TIERS: 0.50% → $1k - $15k \| 0.60% → $15k - $50k
0.70%^*	$50k^*	-	48 Month CD
OTHER TIERS: 0.50% → $1k - $15k \| 0.60% → $15k - $50k
0.40%^*	$50k^*	-	12 Month CD
OTHER TIERS: 0.20% → $1k - $15k \| 0.30% → $15k - $50k
0.40%^*	$50k^*	-	18 Month CD
OTHER TIERS: 0.20% → $1k - $15k \| 0.30% → $15k - $50k
0.30%^*	$50k^*	-	3 Month CD
OTHER TIERS: 0.10% → $1k - $15k \| 0.20% → $15k - $50k
0.30%^*	$50k^*	-	6 Month CD
OTHER TIERS: 0.10% → $1k - $15k \| 0.20% → $15k - $50k
0.05%^*	$50k^*	-	30-90 Day CD
OTHER TIERS: 0.01% → $2.5k - $15k \| 0.03% → $15k - $50k

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 Fourth Avenue	Grinnell, IA 50112

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