|
 |
|
|
 Grand Marais State Bank
Grand Marais State Bank
| RSSD ID 945950 | CERTIFICATE 8842 | ABA NUMBER 91213314 |
| 211 E Highway 61 |
Quarter Ended : |
2025-12-31 |
| Grand Marais, Minnesota, 55604 |
Updated : |
2026-01-10 |
| www.grandmaraisstatebank.com |
|
| 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 |
|
| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
5 |
Number of Employees : |
15 |
|
|
|
|
|
|
| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
|
Income Statement
(USD, in thousands, ytd) |
| Total Assets | 122,930 |
|
Total Interest Income | 5,902 |
| Total Liabilities | 113,211 |
|
Total NonInterest Income | 308 |
| Total Bank Equity Capital | 9,719 |
|
Total Interest Expense | 1,552 |
| Total Deposits | 112,791 |
|
Total NonInterest Expense | 2,915 |
| Net Loans & Leases | 82,171 |
|
Net Income | 1,652 |
| Loan Loss Allowance | 792 |
|
Net Charge Offs | 23 |
|
|
|
| Regulatory Capital |
|
Quarterly Averages
(USD, in thousands) |
| Total capital | 10,782 |
|
Total loans | 79,583 |
| Total assets for the leverage ratio | 123,555 |
|
Loans secured by real estate: | 69,206 |
| Tier 1 Leverage Ratio | 8.09 |
|
Commercial and industrial loans | 7,731 |
| Tier 1 Capital Ratio | 13.61 |
|
Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 14.69 |
|
Loans to individuals - Other | 2,380 |
|
|
|
|
:· Grand Marais State Bank
