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.
Overall | |
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FDIC Certificate # | 8857 |
Year Established | 1907 |
Employees | 7 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.68% |
Return on Equity - YTD | 4.7% |
Annual Interest Income | $1.5MM |
Assets and Liabilities | ||
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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 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.25% | - | - | Regular Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.40%* | $100k* | - | Money Market Savings | ||
OTHER TIERS: 0.10% → $2.5k - $25k | 0.20% → $25k - $50k | 0.30% → $50k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.20% | - | - | Super NOW Account | |
0.10% | - | - | NOW Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.00% | $1k | - | 60 Month CD | |
1.00% | $1k | - | 72 Month CD | |
0.90% | $1k | - | 48 Month CD | |
0.80% | $1k | - | 36 Month CD | |
0.70% | $1k | - | 24 Month CD | |
0.50% | $1k | - | 12 Month CD | |
0.40% | $1k | - | 182 Day CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.00% | $1k | - | 60 Month IRA | |
1.00% | $1k | - | 72 Month IRA | |
0.90% | $1k | - | 48 Month IRA | |
0.80% | $1k | - | 36 Month IRA | |
0.70% | $1k | - | 24 Month IRA | |
0.50% | $1k | - | 12 Month IRA | |
0.40% | $1k | - | 182 Day IRA |
Grove Bank Locations | ||
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First State Bank Of Grove City | 110 Atlantic Ave W | Grove City, MN 56243 |