Grand Rapids State Bank
Grand Rapids, MN
IDRSSD: 1003558
Total Assets
$252.81M
Latest filing
Total Deposits
$227.19M
Latest filing
Net Interest Margin
5.54%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
091211170GRAND RAPIDS, MN
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Grand Rapids State Bank
523 Nw 1st Ave
Grand Rapids, MN 55744
Full Service - Brick and Mortar
Updated 01/30/2026Established 06/15/1914FDIC Certificate 7018
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Grand Rapids State Bank (Main) | 523 Nw 1st Ave | Grand Rapids, MN |
| POKEGAMA BRANCH | 1 Golf Course Rd | Grand Rapids, MN |
Showing 1 of 1
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 member, supervised by FRB |
| Primary Regulator | FED |
| Established Date | 06/15/1914 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55744 |
| State and County Number | 27061 |
| 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 | Grand Rapids, MN |
Operational Info
| Number of Employees | 42 |
| Domestic Offices | 2 |
| 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 | http://www.grsb.bank |
| Data Updated | 01/30/2026 |
| CERT | 10962 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $252.81M |
| Total Deposits | $227.19M |
| Total Liabilities | $230.10M |
| Total Equity Capital | $22.71M |
| Net Income | $1.01M |
| Net Loans and Leases | $143.69M |
| Assets Per Employee ($Millions) | $6.17M |
| Bank Premises and Fixed Assets | $3.36M |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $227.19M |
Key Performance Ratios
| Return on Assets (ROA) | 1.61% |
| Return on Equity (ROE) | 18.04% |
| Net Interest Margin | 5.54% |
| Efficiency Ratio | 68.32% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.984% |
| Earning Assets to total Assets | 91.6% |
Income and Expense
| Total Interest Income | $3.50M |
| Total Noninterest Income | $355.00k |
| Total Interest Expense | $297.00k |
| Total Noninterest Expense | $2.43M |
| Net Interest Income | $3.20M |
| Pre-tax Net Operating Income | $1.13M |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $1.70M |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $2.91M |
| Total Liabilities and Capital | $252.81M |
Securities
| Securities | $46.72M |
| Available-for-sale debt securities | $46.72M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Grand Rapids State Bank?
$252.81M as of the latest filing.
How much are Grand Rapids State Bank's total deposits?
$227.19M in total deposits.
Where is Grand Rapids State Bank located?
Grand Rapids, MN.
What is the Net Interest Margin?
5.54%.
How many domestic offices does it operate?
2.
When was it established?
06/15/1914.
What is the Return on Assets (ROA)?
1.61%.
How much are total loans and leases?
$143.69M (latest filing).
What is the total interest income (latest filing)?
$3.50M.