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.
Overall | |
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FDIC Certificate # | 8857 |
Year Established | 1907 |
Employees | 13 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | -0.29% |
Return on Equity - YTD | -2.37% |
Annual Interest Income | $765K |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $59MM$49.7MM |
Loans | Q1 2025vs Q1 2024 | $33.9MM$32.6MM |
Deposits | Q1 2025vs Q1 2024 | $45.9MM$38.2MM |
Equity Capital | Q1 2025vs Q1 2024 | $6.7MM$6.7MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $359K$406K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $138K$220K |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$74K |
Rates for Grove Bank are currently being reviewed.
Grove Bank Locations | ||
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First State Bank Of Grove City | 110 Atlantic Ave W | Grove City, MN 56243 |