Grove Bank


Overview / Commentary
320-857-2521
110 Atlantic Avenue West
Grove City, MN 56243-0008

Grove Bank is headquartered in GROVE CITY and is the 209th largest bank in the state of Minnesota. It is also the 4,162nd largest bank in the nation. It was established in 1907 and as of March of 2025, it had grown to 13 employees at 1 location. Grove Bank has an A health rating.

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Health
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. Grove Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #8857
Year Established1907
Employees13
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.29%
Return on Equity - YTD-2.37%
Annual Interest Income$765K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$59MM$49.7MM
LoansQ1 2025vs Q1 2024$33.9MM$32.6MM
DepositsQ1 2025vs Q1 2024$45.9MM$38.2MM
Equity CapitalQ1 2025vs Q1 2024$6.7MM$6.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$359K$406K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$138K$220K
Real Estate OwnedQ1 2025vs Q1 2024$0$74K
Rates

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Locations


Grove Bank Locations
First State Bank Of Grove City110 Atlantic Ave WGrove City, MN 56243

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