Grand Marais State Bank
Grand Marais, MN
IDRSSD: 945950
Total Assets
$124.77M
Latest filing
Total Deposits
$114.65M
Latest filing
Net Interest Margin
3.84%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Grand Marais State Bank
211 E Highway 61
Grand Marais, MN 55604
Full Service - Brick and Mortar
Updated 11/14/2025Established 09/16/1916FDIC Certificate 5637
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Grand Marais State Bank (Main) | 211 E Highway 61 | Grand Marais, MN |
| TOFTE BRANCH | 4 Johannes Lane | Tofte, MN |
Showing 1 of 1
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
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 member, supervised by FRB |
| Primary Regulator | FED |
| Established Date | 09/16/1916 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55604 |
| State and County Number | 27031 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 13 |
| 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 | 12 |
| Domestic Offices | 2 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.grandmaraisstatebank.com |
| Data Updated | 11/14/2025 |
| CERT | 8842 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $124.77M |
| Total Deposits | $114.65M |
| Total Liabilities | $115.13M |
| Total Equity Capital | $9.64M |
| Net Income | $520.00k |
| Net Loans and Leases | $77.53M |
| Assets Per Employee ($Millions) | $8.91M |
| Bank Premises and Fixed Assets | $1.04M |
| Cash and Balances due from Depository Institutions | $9.14M |
| Deposits Held in Domestic Offices | $114.65M |
Key Performance Ratios
| Return on Assets (ROA) | 1.72% |
| Return on Equity (ROE) | 21.99% |
| Net Interest Margin | 3.84% |
| Efficiency Ratio | 54.43% |
| Tier 1 Risk-Based Capital Ratio | 14.524% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.1% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 7.73% |
| Earning Assets to total Assets | 97.52% |
Income and Expense
| Total Interest Income | $1.51M |
| Total Noninterest Income | $75.00k |
| Total Interest Expense | $379.00k |
| Total Noninterest Expense | $657.00k |
| Net Interest Income | $1.13M |
| Pre-tax Net Operating Income | $520.00k |
| Provision for Credit Losses | $30.00k |
| 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 | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $480.00k |
| Total Liabilities and Capital | $124.77M |
Securities
| Securities | $36.12M |
| Available-for-sale debt securities | $27.42M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $8.71M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Grand Marais State Bank?
$124.77M as of the latest filing.
How much are Grand Marais State Bank's total deposits?
$114.65M in total deposits.
Where is Grand Marais State Bank located?
Grand Marais, MN.
What is the Net Interest Margin?
3.84%.
How many domestic offices does it operate?
2.
When was it established?
09/16/1916.
What is the Return on Assets (ROA)?
1.72%.
How much are total loans and leases?
$77.53M (latest filing).
What is the total interest income (latest filing)?
$1.51M.