TellerScore

Grand Marais State Bank is a state-chartered bank (fed member) headquartered in Grand Marais, Minnesota, in business for about 110 years. At the end of Q2 2026 it reported $207.2M in total assets and $189.6M in deposits, with 5 offices.

Based on its Q2 2026 filing, Grand Marais State Bank scores 75/100, which we describe as strong. That is higher than 61% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 62nd. Its strongest component is problem-loan coverage (99/100; 0.7%), and its lowest is capital cushion (34/100; 8.40%).

TellerScore · Q2 2026

Scorecard

Capital cushion34/100
Tier 1 leverage ratio: 8.40%
Loan quality97/100
Noncurrent loans ÷ total loans: 0.10%
Earnings88/100
Return on assets (annualized): 1.71%
Funding & liquidity87/100
Loans ÷ deposits and uninsured-deposit share: 68.4% · 19.3% uninsured
Problem-loan coverage99/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 0.72%

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

From Q2 2025 to Q2 2026, the score rose 3 points (72 → 75), mostly because the earnings component improved by 14 points.

TellerScore
667175Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202466
Q3 202468
Q4 202468
Q1 202571
Q2 202572
Q3 202573
Q4 202571
Q1 202672
Q2 202675
Tier 1 leverage ratio
5.00%6.70%8.40%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20248.20%
Q3 20248.15%
Q4 20248.08%
Q1 20258.29%
Q2 20258.18%
Q3 20258.20%
Q4 20258.09%
Q1 20268.13%
Q2 20268.40%
Noncurrent loans
0.00%0.06%0.13%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.00%
Q3 20240.00%
Q4 20240.00%
Q1 20250.00%
Q2 20250.00%
Q3 20250.01%
Q4 20250.00%
Q1 20260.13%
Q2 20260.10%
Return on assets
0.70%1.20%1.71%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.70%
Q3 20240.89%
Q4 20240.90%
Q1 20251.23%
Q2 20251.35%
Q3 20251.47%
Q4 20251.37%
Q1 20261.47%
Q2 20261.71%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202675$207.2M8.40%0.10%1.71%68.4%
Q1 202672$201.5M8.13%0.13%1.47%71.4%
Q4 202571$122.9M8.09%0.00%1.37%72.9%
Q3 202573$124.8M8.20%0.01%1.47%67.6%
Q2 202572$117.6M8.18%0.00%1.35%71.5%
Q1 202571$119.5M8.29%0.00%1.23%72.2%
Q4 202468$120.0M8.08%0.00%0.90%65.7%
Q3 202468$126.4M8.15%0.00%0.89%61.3%
Q2 202466$116.5M8.20%0.00%0.70%69.1%

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).

Capital ratio8.40%
5th
Total risk-based capital14.43%
65th
Problem loans0.10%
74th
Net charge-offs0.02%
38th
Return on assets1.71%
76th
Net interest margin4.19%
65th
Efficiency ratio60.7%
55th
Loans to deposits68.4%
72nd
Uninsured deposits19.3%
67th
Loan-loss reserves0.98%
24th
Texas ratio0.7%
74th

Similar-size banks in Minnesota

InstitutionScoreAssetsCapitalProblem loansCompare
Wadena State BankBank Wadena, MN81 out of 100, Strong$206.6M9.8%0.04%vs
ESB BankBank Caledonia, MN65 out of 100, Moderate$208.9M9.2%0.87%vs
Minnstar Bank National AssociationBank Lake Crystal, MN70 out of 100, Strong$204.0M10.4%0.36%vs
F & M Community Bank, National AssociationBank Preston, MN74 out of 100, Strong$211.1M9.9%0.00%vs
Keen Bank, National AssociationBank Waseca, MN76 out of 100, Strong$201.1M8.4%0.06%vs
Farmers State Bank of HamelBank Hamel, MN72 out of 100, Strong$198.3M9.5%0.00%vs

Deposit insurance

Is my money safe at Grand Marais State Bank?

Yes. Grand Marais State Bank is an FDIC-insured institution (FDIC certificate #8842). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 19.3% of deposits ($36.5M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 8.40%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 14.43% (benchmark: 10%).

Check how much of your own balance is covered

5 locations

Branches

Grand Marais State Bank lists 5 offices in 5 cities. Most locations:

  • Buffalo Lake, MN (1)
  • Grand Marais, MN (1)
  • Hutchinson, MN (1)
  • Ortonville, MN (1)
  • Tofte, MN (1)

All branch addresses and map

Identity & history

Profile

Legal name
Grand Marais State Bank
Type
State-chartered bank (Fed member)
FDIC certificate #
8842
RSSD ID
945950
Primary regulator
FED
Holding company
Central Trust Co
Established
September 16, 1916
Headquarters
211 E Highway 61, Grand Marais, MN 55604
Employees
27

Quick answers

Grand Marais State Bank: common questions

Is Grand Marais State Bank FDIC insured?

Yes. Grand Marais State Bank is an FDIC-insured institution (FDIC certificate #8842). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Grand Marais State Bank's TellerScore?

75 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has Grand Marais State Bank ever failed?

There is no failure record for FDIC certificate #8842 in the FDIC failed bank list.

How many branches does Grand Marais State Bank have?

5 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Grand Marais

InstitutionScoreAssetsCapitalProblem loansCompare
North Shore Federal Credit UnionCredit union Silver Bay, MN74 out of 100, Strong$284.8M12.8%0.33%vs
Security State Bank of AitkinBank Aitkin, MN56 out of 100, Moderate$114.5M10.8%2.24%vs