Overview / Commentary
Grove Bank is headquartered in Grove City and is the 241st largest bank in the state of Minnesota. It is also the 4,660th largest bank in the nation. It was established in 1907 and as of December of 2021, it had grown to 7 employees at 1 location. Grove Bank has a B+ health rating.
Health
B+
Data as of Q4 2021
Learn why bank health mattersAdditional 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 low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 8857 |
| Year Established | 1907 |
| Employees | 7 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 4.7% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $40.5MM$36.0MM |
| Loans | Q4 2021vs Q4 2020 | $27.1MM$23.6MM |
| Deposits | Q4 2021vs Q4 2020 | $28.8MM$25.9MM |
| Equity Capital | Q4 2021vs Q4 2020 | $5.8MM$5.5MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $79.00K$55.00K |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $46.00K$25.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |