Headquartered in Grand Rapids, Minnesota, Grand Rapids State Bank is a state-chartered bank (fed member) with $261.1M in total assets and $234.1M in deposits as of Q2 2026. It operates 2 offices. Its charter dates back to 1914.
Based on its Q2 2026 filing, Grand Rapids State Bank scores 83/100, which we describe as strong. That is higher than 84% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 27th. Its strongest component is earnings (100/100; 2.22%), and its lowest is capital cushion (50/100; 10.03%).
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
From Q2 2025 to Q2 2026, the score rose 42 points (41 → 83), mostly because the earnings component improved by 100 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 75 |
| Q3 2024 | 75 |
| Q4 2024 | 77 |
| Q1 2025 | 59 |
| Q2 2025 | 41 |
| Q3 2025 | 45 |
| Q4 2025 | 67 |
| Q1 2026 | 80 |
| Q2 2026 | 83 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.27% |
| Q3 2024 | 10.22% |
| Q4 2024 | 10.45% |
| Q1 2025 | 10.86% |
| Q2 2025 | 9.71% |
| Q3 2025 | 9.47% |
| Q4 2025 | 9.45% |
| Q1 2026 | 9.68% |
| Q2 2026 | 10.03% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.02% |
| Q3 2024 | 0.02% |
| Q4 2024 | 0.02% |
| Q1 2025 | 2.02% |
| Q2 2025 | 2.08% |
| Q3 2025 | 2.11% |
| Q4 2025 | 0.09% |
| Q1 2026 | 0.09% |
| Q2 2026 | 0.02% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.10% |
| Q3 2024 | 1.23% |
| Q4 2024 | 1.29% |
| Q1 2025 | 1.34% |
| Q2 2025 | -0.93% |
| Q3 2025 | 0.11% |
| Q4 2025 | 0.50% |
| Q1 2026 | 1.82% |
| Q2 2026 | 2.22% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 83 | $261.1M | 10.03% | 0.02% | 2.22% | 60.1% |
| Q1 2026 | 80 | $257.1M | 9.68% | 0.09% | 1.82% | 63.2% |
| Q4 2025 | 67 | $252.8M | 9.45% | 0.09% | 0.50% | 63.2% |
| Q3 2025 | 45 | $250.1M | 9.47% | 2.11% | 0.11% | 65.9% |
| Q2 2025 | 41 | $237.2M | 9.71% | 2.08% | -0.93% | 71.1% |
| Q1 2025 | 59 | $230.5M | 10.86% | 2.02% | 1.34% | 77.4% |
| Q4 2024 | 77 | $238.0M | 10.45% | 0.02% | 1.29% | 71.3% |
| Q3 2024 | 75 | $250.2M | 10.22% | 0.02% | 1.23% | 67.9% |
| Q2 2024 | 75 | $238.8M | 10.27% | 0.02% | 1.10% | 69.9% |
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 |
|---|---|---|---|---|---|
| Security Bank USABank Bemidji, MN | 77 out of 100, Strong | $263.9M | 9.4% | 0.22% | vs |
| VisionBankBank Saint Louis Park, MN | 57 out of 100, Moderate | $253.9M | 10.0% | 1.81% | vs |
| Union Bank and Trust CompanyBank Minneapolis, MN | 38 out of 100, Low | $253.4M | 10.0% | 3.13% | vs |
| Drake BankBank Saint Paul, MN | 18 out of 100, Low | $247.4M | 7.3% | 4.49% | vs |
| Cornerstone State BankBank Montgomery, MN | 74 out of 100, Strong | $247.0M | 10.6% | 0.80% | vs |
| First Farmers & Merchants National BankBank Luverne, MN | 70 out of 100, Strong | $242.6M | 11.6% | 0.85% | vs |
Deposit insurance
Is my money safe at Grand Rapids State Bank?
Yes. Grand Rapids State Bank is an FDIC-insured institution (FDIC certificate #10962). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 25.8% of deposits ($60.4M) are above the $250,000 FDIC insurance limit, close to the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.03%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
2 locations
Branches
Grand Rapids State Bank lists 2 offices in 1 city. Most locations:
- Grand Rapids, MN (2)
Identity & history
Profile
- Legal name
- Grand Rapids State Bank
- Type
- State-chartered bank (Fed member)
- FDIC certificate #
- 10962
- RSSD ID
- 1003558
- Primary regulator
- FED
- Holding company
- Wilcox Bancshares Inc
- Established
- June 15, 1914
- Headquarters
- 523 Nw 1st Ave, Grand Rapids, MN 55744
- Website
- www.grsb.bank
- Employees
- 40
Quick answers
Grand Rapids State Bank: common questions
Is Grand Rapids State Bank FDIC insured?
Yes. Grand Rapids State Bank is an FDIC-insured institution (FDIC certificate #10962). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Grand Rapids State Bank's TellerScore?
83 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 Rapids State Bank ever failed?
There is no failure record for FDIC certificate #10962 in the FDIC failed bank list.
How many branches does Grand Rapids State Bank have?
2 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Grand Rapids
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| First National Bank NorthBank Walker, MN | 85 out of 100, Very strong | $864.3M | 12.1% | 0.23% | vs |
| Northview BankBank Sandstone, MN | 74 out of 100, Strong | $469.7M | 10.8% | 0.46% | vs |
| North Star Credit UnionCredit union Cook, MN | 72 out of 100, Strong | $116.0M | 9.4% | 0.00% | vs |
| Deer River CooperativeCredit union Deer River, MN | 71 out of 100, Strong | $31.4M | 10.5% | 0.08% | vs |
| Deerwood BankBank Waite Park, MN | 68 out of 100, Moderate | $1.5B | 8.1% | 0.29% | vs |
| Park State BankBank Duluth, MN | 66 out of 100, Moderate | $1.5B | 9.9% | 0.92% | vs |