Glenwood State Bank (Incorporated) is a state-chartered bank headquartered in Glenwood, Minnesota, in business for about 119 years. At the end of Q2 2026 it reported $545.2M in total assets and $469.4M in deposits, with 3 offices.
Based on its Q2 2026 filing, Glenwood State Bank (Incorporated) scores 54/100, which we describe as below average. That is higher than only 10% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 194th. Its strongest component is earnings (88/100; 1.70%), and its lowest is loan quality (32/100; 2.03%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
The score has been essentially flat from Q2 2025 to Q2 2026 (55 → 54).
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 51 |
| Q3 2024 | 46 |
| Q4 2024 | 51 |
| Q1 2025 | 53 |
| Q2 2025 | 55 |
| Q3 2025 | 53 |
| Q4 2025 | 57 |
| Q1 2026 | 58 |
| Q2 2026 | 54 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 8.80% |
| Q3 2024 | 8.90% |
| Q4 2024 | 8.98% |
| Q1 2025 | 9.24% |
| Q2 2025 | 9.50% |
| Q3 2025 | 9.64% |
| Q4 2025 | 9.75% |
| Q1 2026 | 10.34% |
| Q2 2026 | 10.28% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.04% |
| Q3 2024 | 1.62% |
| Q4 2024 | 1.17% |
| Q1 2025 | 1.42% |
| Q2 2025 | 1.42% |
| Q3 2025 | 1.65% |
| Q4 2025 | 1.36% |
| Q1 2026 | 1.58% |
| Q2 2026 | 2.03% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.89% |
| Q3 2024 | 0.89% |
| Q4 2024 | 0.93% |
| Q1 2025 | 1.23% |
| Q2 2025 | 1.42% |
| Q3 2025 | 1.49% |
| Q4 2025 | 1.56% |
| Q1 2026 | 1.66% |
| Q2 2026 | 1.70% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 54 | $545.2M | 10.28% | 2.03% | 1.70% | 103.1% |
| Q1 2026 | 58 | $549.3M | 10.34% | 1.58% | 1.66% | 102.5% |
| Q4 2025 | 57 | $565.8M | 9.75% | 1.36% | 1.56% | 102.6% |
| Q3 2025 | 53 | $545.4M | 9.64% | 1.65% | 1.49% | 107.8% |
| Q2 2025 | 55 | $545.5M | 9.50% | 1.42% | 1.42% | 105.6% |
| Q1 2025 | 53 | $540.7M | 9.24% | 1.42% | 1.23% | 104.2% |
| Q4 2024 | 51 | $558.9M | 8.98% | 1.17% | 0.93% | 103.1% |
| Q3 2024 | 46 | $546.1M | 8.90% | 1.62% | 0.89% | 108.7% |
| Q2 2024 | 51 | $545.3M | 8.80% | 1.04% | 0.89% | 109.9% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Northern State Bank of Thief River FallsBank Thief River Falls, MN | 67 out of 100, Moderate | $550.0M | 9.9% | 0.57% | vs |
| Community Bank MankatoBank Vernon Center, MN | 47 out of 100, Below average | $538.3M | 9.5% | 2.15% | vs |
| Luminate BankBank Minneapolis, MN | 47 out of 100, Below average | $554.5M | 10.4% | 2.33% | vs |
| Community Resource BankBank Northfield, MN | 67 out of 100, Moderate | $556.4M | 10.5% | 1.09% | vs |
| Profinium, Inc.Bank Truman, MN | 72 out of 100, Strong | $533.1M | 10.2% | 0.13% | vs |
| Lake Elmo BankBank Lake Elmo, MN | 74 out of 100, Strong | $529.7M | 11.6% | 0.84% | vs |
Deposit insurance
Is my money safe at Glenwood State Bank (Incorporated)?
Yes. Glenwood State Bank (Incorporated) is an FDIC-insured institution (FDIC certificate #8853). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 32.3% of deposits ($151.8M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.28%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 13.39% (benchmark: 10%).
3 locations
Branches
Glenwood State Bank (Incorporated) lists 2 offices in 2 cities. Most locations:
- Alexandria, MN (1)
- Glenwood, MN (1)
Identity & history
Profile
- Legal name
- Glenwood State Bank (Incorporated)
- Type
- State-chartered bank
- FDIC certificate #
- 8853
- RSSD ID
- 975854
- Primary regulator
- FDIC
- Established
- May 9, 1907
- Headquarters
- 5 E Minnesota Ave, Glenwood, MN 56334
- Website
- www.glenwoodstate.bank
- Employees
- 72
Quick answers
Glenwood State Bank (Incorporated): common questions
Is Glenwood State Bank (Incorporated) FDIC insured?
Yes. Glenwood State Bank (Incorporated) is an FDIC-insured institution (FDIC certificate #8853). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Glenwood State Bank (Incorporated)'s TellerScore?
54 out of 100 (Below average), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Glenwood State Bank (Incorporated) ever failed?
There is no failure record for FDIC certificate #8853 in the FDIC failed bank list.
How many branches does Glenwood State Bank (Incorporated) have?
3 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Glenwood
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Eagle BankBank Glenwood, MN | 89 out of 100, Very strong | $226.9M | 14.3% | 0.58% | vs |
| Viking Bank, National AssociationBank Alexandria, MN | 70 out of 100, Strong | $330.3M | 9.2% | 0.53% | vs |
| Kensington BankBank Kensington, MN | 69 out of 100, Moderate | $446.7M | 9.9% | 0.58% | vs |
| Magnifi Financial Credit UnionCredit union Melrose, MN | 68 out of 100, Moderate | $2.8B | 11.0% | 0.21% | vs |
| Vantage BankBank Kent, MN | 68 out of 100, Moderate | $85.0M | 8.5% | 0.35% | vs |
| Bonanza Valley State BankBank Brooten, MN | 68 out of 100, Moderate | $74.8M | 9.7% | 0.06% | vs |