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 Grand Rapids State Bank
Grand Rapids State Bank
| RSSD ID 1003558 | CERTIFICATE 10962 | ABA NUMBER 91211170 |
| 523 Nw 1st Ave |
Quarter Ended : |
2025-03-31 |
| Grand Rapids, Minnesota, 55744 |
Updated : |
2025-04-04 |
| www.grsb.bank |
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| Institution Profile |
| Year Opened : |
1914 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FED |
| Member Federal Reserve : |
Yes |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
2 |
Number of Employees : |
41 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 230,548 |
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Total Interest Income | 3,060 |
| Total Liabilities | 207,819 |
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Total NonInterest Income | 418 |
| Total Bank Equity Capital | 22,729 |
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Total Interest Expense | 288 |
| Total Deposits | 205,178 |
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Total NonInterest Expense | 2,338 |
| Net Loans & Leases | 158,132 |
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Net Income | 782 |
| Loan Loss Allowance | 1,138 |
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Net Charge Offs | 0 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 155,587 |
| Total assets for the leverage ratio | 233,488 |
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Loans secured by real estate: | 114,639 |
| Tier 1 Leverage Ratio | 10.86 |
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Commercial and industrial loans | 24,607 |
| Off Balance Sheet Exposures (%) | 6.51 |
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Loans to individuals - Credit Cards | 1,086 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 9,622 |
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:· Grand Rapids State Bank
