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 Grand Marais State Bank
Grand Marais State Bank
| RSSD ID 945950 | CERTIFICATE 8842 | ABA NUMBER 91213314 |
| 211 E Highway 61 |
Quarter Ended : |
2025-03-31 |
| Grand Marais, Minnesota, 55604 |
Updated : |
2025-04-18 |
| www.grandmaraisstatebank.com |
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| Institution Profile |
| Year Opened : |
1916 |
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 : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
2 |
Number of Employees : |
13 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 119,471 |
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Total Interest Income | 1,321 |
| Total Liabilities | 110,444 |
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Total NonInterest Income | 77 |
| Total Bank Equity Capital | 9,027 |
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Total Interest Expense | 376 |
| Total Deposits | 103,112 |
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Total NonInterest Expense | 632 |
| Net Loans & Leases | 74,432 |
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Net Income | 369 |
| Loan Loss Allowance | 731 |
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Net Charge Offs | 14 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 10,530 |
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Total loans | 73,383 |
| Total assets for the leverage ratio | 118,193 |
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Loans secured by real estate: | 64,211 |
| Tier 1 Leverage Ratio | 8.29 |
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Commercial and industrial loans | 6,777 |
| Tier 1 Capital Ratio | 14.26 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 15.32 |
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Loans to individuals - Other | 2,385 |
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:· Grand Marais State Bank
