Glenwood State Bank (Incorporated)
Glenwood, MN
IDRSSD: 975854
Total Assets
$545.43M
Latest filing
Total Deposits
$464.91M
Latest filing
Net Interest Margin
3.83%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Glenwood State Bank (Incorporated)
5 E Minnesota Ave
Glenwood, MN 56334
Full Service - Brick and Mortar
Updated 11/14/2025Established 05/09/1907FDIC Certificate 5648
Branches (2)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Glenwood State Bank (Incorporated) (Main) | 5 E Minnesota Ave | Glenwood, MN |
| DETACHED FACILITY | Washington And Central Streets | Villard, MN |
| ALEXANDRIA BRANCH | 2221 S Broadway St | Alexandria, MN |
Showing 2 of 2
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 05/09/1907 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56334 |
| State and County Number | 27121 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 72 |
| Domestic Offices | 3 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.glenwoodstate.bank |
| Data Updated | 11/14/2025 |
| CERT | 8853 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $545.43M |
| Total Deposits | $464.91M |
| Total Liabilities | $493.17M |
| Total Equity Capital | $52.27M |
| Net Income | $2.22M |
| Net Loans and Leases | $501.18M |
| Assets Per Employee ($Millions) | $7.18M |
| Bank Premises and Fixed Assets | $9.01M |
| Cash and Balances due from Depository Institutions | $17.34M |
| Deposits Held in Domestic Offices | $464.91M |
Key Performance Ratios
| Return on Assets (ROA) | 1.63% |
| Return on Equity (ROE) | 17.19% |
| Net Interest Margin | 3.83% |
| Efficiency Ratio | 58.93% |
| Tier 1 Risk-Based Capital Ratio | 10.925% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.02% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.583% |
| Earning Assets to total Assets | 95.64% |
Income and Expense
| Total Interest Income | $8.23M |
| Total Noninterest Income | $484.00k |
| Total Interest Expense | $3.23M |
| Total Noninterest Expense | $3.23M |
| Net Interest Income | $5.00M |
| Pre-tax Net Operating Income | $2.22M |
| Provision for Credit Losses | $32.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $26.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $3.27M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $2.25M |
| Total Liabilities and Capital | $545.43M |
Securities
| Securities | $4.39M |
| Available-for-sale debt securities | $4.39M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Glenwood State Bank (Incorporated)?
$545.43M as of the latest filing.
How much are Glenwood State Bank (Incorporated)'s total deposits?
$464.91M in total deposits.
Where is Glenwood State Bank (Incorporated) located?
Glenwood, MN.
What is the Net Interest Margin?
3.83%.
How many domestic offices does it operate?
3.
When was it established?
05/09/1907.
What is the Return on Assets (ROA)?
1.63%.
How much are total loans and leases?
$501.18M (latest filing).
What is the total interest income (latest filing)?
$8.23M.