Bank · FDIC insured
Grand Rapids State Bank
A $261.1M bank headquartered in Grand Rapids, MN, with 2 branches in Minnesota. Best rates: CDs 0.80% and savings 0.08% APY.
Grand Rapids State Bank Carrot Score
61
Carrot Score
Higher than 4% of U.S. banks and credit unions
#12 of 12 in Grand Rapids, MN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Grand Rapids State Bank
Grand Rapids State Bank is a four-generation, multi-generational bank located in Grand Rapids, Minnesota.
- Headquarters
- 523 Nw 1st Ave, Grand Rapids, MN 55744
- FDIC certificate
- 10962 ↗
Branches
2 branches in Minnesota
Loading map…
Minnesota
2 branches
- Grand Rapids State BankMain office523 Nw 1st Ave, Grand Rapids, MN 55744Directions
- Pokegama Branch1 Golf Course Rd, Grand Rapids, MN 55744Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.03% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.02% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 2.22% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $61 | $81 | — |
- CapitalLeverage ratio10.03%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.02%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets2.22%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$61Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Grand Rapids State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.