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Grand Rapids State Bank
Grand Rapids, MN · FDIC Certificate #10962 · Chartered 06/1
Total assets
$261.06M
Total deposits
$234.06M
Total equity
$24.07M
Net loans
$140.76M
Branches (offices)
2
Net income (YTD)
$2.86M
Rank: #2,659 of 4,213 U.S. banks by assets · #96 of 221 in Minnesota. Assets changed 10.0% and deposits 10.5% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 2.22% |
| Return on equity | 24.64% |
| Net interest margin (YTD) | 5.43% |
| Equity to assets | 9.22% |
| Tier 1 leverage ratio | 10.03% |
| Uninsured deposits (share of deposits) | 25.8% |
| Noncurrent loans (share of loans) | 0.02% |
| Net charge-offs (share of loans) | -0.03% |
| Loans to deposits | 60.1% |
| Real estate loans (share of loans) | 77.6% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $109.20M | 77.6% | |
| Commercial & industrial | $21.57M | 15.3% | |
| Consumer / individual | $10.88M | 7.7% | |
| Construction & development | $15.64M | 11.1% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $269.70M | $238.79M | $709.00K | $19.52M |
| Jun 2023 | $245.07M | $223.56M | $1.31M | $18.97M |
| Jun 2024 | $238.84M | $215.59M | $1.33M | $20.63M |
| Jun 2025 | $237.24M | $211.79M | -$1.10M | $20.67M |
| Jun 2026 | $261.06M | $234.06M | $2.86M | $24.07M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $234.06M | 2 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $234.06M.
Similar-sized banks
Guadalupe Bank ($261.12M) · Marathon Bank ($261.06M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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