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 60^th largest bank in the state of Iowa. It is also the 1,892^nd largest bank in the nation. It was established in 1925 and as of March of 2022, it had grown to 46 employees at 4 locations. Grinnell State Bank's savings rates are 92% higher than the national average, and it has an A health rating.

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2020

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

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Health

A

Data as of Q1 2022

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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	0.84%
Return on Equity - YTD	8.84%
Annual Interest Income	$3.6MM

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$446.8MM$420.1MM
Loans	Q1 2022vs Q1 2021	$276.7MM$283.6MM
Deposits	Q1 2022vs Q1 2021	$370.7MM$338.1MM
Equity Capital	Q1 2022vs Q1 2021	$39.1MM$44.8MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$3.4MM$2.7MM
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$290.00K$636.00K
Real Estate Owned	Q1 2022vs Q1 2021	$0$403.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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
1.00%^*	-	$25k	Simply Savings
OTHER TIERS: 0.01% → $25k - $50k \| 0.04% → $50k - $200k \| 0.06% → $200k+
1.00%^*	-	$25k	Business Simply Savings
OTHER TIERS: 0.01% → $25k - $50k \| 0.04% → $50k - $200k \| 0.06% → $200k+
0.25%	$50	-	IRA Open Time
0.25%	$250	-	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
0.85%^*	$15k^*	-	33 Month One-Time Bump CD Special
OTHER TIERS: 0.75% → $1k - $15k
0.85%^*	$15k^*	-	Business 33 Month One-Time Bump CD Special
OTHER TIERS: 0.75% → $1k - $15k
0.75%^*	$15k^*	-	15 Month One-Time Bump CD Special
OTHER TIERS: 0.65% → $1k - $15k
0.75%^*	$50k^*	-	60 Month CD
OTHER TIERS: 0.55% → $1k - $15k \| 0.65% → $15k - $50k
0.75%^*	$15k^*	-	Business 15 Month One-Time Bump CD Special
OTHER TIERS: 0.65% → $1k - $15k
0.75%^*	$50k^*	-	Business 60 Month CD
OTHER TIERS: 0.55% → $1k - $15k \| 0.65% → $15k - $50k
0.65%^*	$50k^*	-	48 Month CD
OTHER TIERS: 0.45% → $1k - $15k \| 0.55% → $15k - $50k
0.65%^*	$50k^*	-	Business 48 Month CD
OTHER TIERS: 0.45% → $1k - $15k \| 0.55% → $15k - $50k
0.55%^*	$50k^*	-	36 Month CD
OTHER TIERS: 0.35% → $1k - $15k \| 0.45% → $15k - $50k
0.55%^*	$50k^*	-	42 Month CD
OTHER TIERS: 0.35% → $1k - $15k \| 0.45% → $15k - $50k
0.55%^*	$50k^*	-	Business 36 Month CD
OTHER TIERS: 0.35% → $1k - $15k \| 0.45% → $15k - $50k
0.55%^*	$50k^*	-	Business 42 Month CD
OTHER TIERS: 0.35% → $1k - $15k \| 0.45% → $15k - $50k
0.50%^*	$50k^*	-	3 Month CD
OTHER TIERS: 0.30% → $1k - $15k \| 0.40% → $15k - $50k
0.50%^*	$50k^*	-	6 Month CD
OTHER TIERS: 0.30% → $1k - $15k \| 0.40% → $15k - $50k
0.50%^*	$50k^*	-	12 Month CD
OTHER TIERS: 0.30% → $1k - $15k \| 0.40% → $15k - $50k
0.50%^*	$50k^*	-	18 Month CD
OTHER TIERS: 0.30% → $1k - $15k \| 0.40% → $15k - $50k
0.50%^*	$50k^*	-	24 Month CD
OTHER TIERS: 0.30% → $1k - $15k \| 0.40% → $15k - $50k
0.50%^*	$50k^*	-	30 Month CD
OTHER TIERS: 0.30% → $1k - $15k \| 0.40% → $15k - $50k
0.50%^*	$50k^*	-	Business 6 Month CD
OTHER TIERS: 0.30% → $1k - $15k \| 0.40% → $15k - $50k
0.50%^*	$50k^*	-	Business 12 Month CD
OTHER TIERS: 0.30% → $1k - $15k \| 0.40% → $15k - $50k
0.50%^*	$50k^*	-	Business 18 Month CD
OTHER TIERS: 0.30% → $1k - $15k \| 0.40% → $15k - $50k
0.50%^*	$50k^*	-	Business 24 Month CD
OTHER TIERS: 0.30% → $1k - $15k \| 0.40% → $15k - $50k
0.50%^*	$50k^*	-	Business 30 Month CD
OTHER TIERS: 0.30% → $1k - $15k \| 0.40% → $15k - $50k
0.40%^*	$15k^*	$50k	Business 3 Month CD
OTHER TIERS: 0.00% → $50k+ \| 0.30% → $1k - $15k
0.30%^*	$50k^*	-	30-90 Day CD
OTHER TIERS: 0.26% → $2.5k - $15k \| 0.28% → $15k - $50k
0.30%^*	$50k^*	-	Business 30-90 Day CD
OTHER TIERS: 0.25% → $15k - $50k \| 0.26% → $2.5k - $15k

Grinnell State Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.85%	$1k	-	33 Month One-Time Bump IRA Special
0.85%	$1k	-	Business 33 Month One-Time Bump IRA Special
0.75%	$1k	-	15 Month One-Time Bump IRA Special
0.75%	$1k	-	60 Month IRA
0.75%	$1k	-	Business 15 Month One-Time Bump IRA Special
0.75%	$1k	-	Business 60 Month IRA
0.65%	$1k	-	48 Month IRA
0.65%	$1k	-	Business 48 Month IRA
0.55%	$1k	-	36 Month IRA
0.55%	$1k	-	42 Month IRA
0.55%	$1k	-	Business 36 Month IRA
0.55%	$1k	-	Business 42 Month IRA
0.50%	$1k	-	3 Month IRA
0.50%	$1k	-	6 Month IRA
0.50%	$1k	-	12 Month IRA
0.50%	$1k	-	18 Month IRA
0.50%	$1k	-	24 Month IRA
0.50%	$1k	-	30 Month IRA
0.50%	$1k	-	Business 3 Month IRA
0.50%	$1k	-	Business 6 Month IRA
0.50%	$1k	-	Business 12 Month IRA
0.50%	$1k	-	Business 18 Month IRA
0.50%	$1k	-	Business 24 Month IRA
0.50%	$1k	-	Business 30 Month IRA
0.30%	$2.5k	-	30-90 Day IRA
0.30%	$2.5k	-	Business 30-90 Day IRA

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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