Grove Bank is a state-chartered bank headquartered in Grove City, Minnesota, in business for about 119 years. At the end of Q2 2026 it reported $56.4M in total assets and $45.4M in deposits, with 1 office.
Based on its Q2 2026 filing, Grove Bank scores 65/100, which we describe as moderate. That is higher than only 26% of 546 banks with under $100 million in assets. Among 223 banks headquartered in Minnesota, it ranks 150th. Its strongest component is problem-loan coverage (99/100; 0.6%), and its lowest is earnings (28/100; 0.21%).
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 9 points (56 → 65), mostly because the earnings component improved by 27 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 59 |
| Q3 2024 | 59 |
| Q4 2024 | 58 |
| Q1 2025 | 60 |
| Q2 2025 | 56 |
| Q3 2025 | 60 |
| Q4 2025 | 61 |
| Q1 2026 | 64 |
| Q2 2026 | 65 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.58% |
| Q3 2024 | 9.43% |
| Q4 2024 | 9.23% |
| Q1 2025 | 9.39% |
| Q2 2025 | 8.59% |
| Q3 2025 | 9.35% |
| Q4 2025 | 9.52% |
| Q1 2026 | 10.01% |
| Q2 2026 | 9.95% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.46% |
| Q3 2024 | 0.39% |
| Q4 2024 | 0.44% |
| Q1 2025 | 0.40% |
| Q2 2025 | 0.20% |
| Q3 2025 | 0.28% |
| Q4 2025 | 0.23% |
| Q1 2026 | 0.24% |
| Q2 2026 | 0.11% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.14% |
| Q3 2024 | 0.05% |
| Q4 2024 | -0.02% |
| Q1 2025 | -0.24% |
| Q2 2025 | -0.48% |
| Q3 2025 | -0.30% |
| Q4 2025 | -0.16% |
| Q1 2026 | 0.06% |
| Q2 2026 | 0.21% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 65 | $56.4M | 9.95% | 0.11% | 0.21% | 90.2% |
| Q1 2026 | 64 | $54.7M | 10.01% | 0.24% | 0.06% | 82.5% |
| Q4 2025 | 61 | $56.6M | 9.52% | 0.23% | -0.16% | 79.0% |
| Q3 2025 | 60 | $57.8M | 9.35% | 0.28% | -0.30% | 74.6% |
| Q2 2025 | 56 | $57.2M | 8.59% | 0.20% | -0.48% | 78.4% |
| Q1 2025 | 60 | $59.0M | 9.39% | 0.40% | -0.24% | 73.7% |
| Q4 2024 | 58 | $53.1M | 9.23% | 0.44% | -0.02% | 84.1% |
| Q3 2024 | 59 | $52.5M | 9.43% | 0.39% | 0.05% | 81.5% |
| Q2 2024 | 59 | $54.1M | 9.58% | 0.46% | 0.14% | 79.6% |
546 peers · Under $100 million in assets
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 |
|---|---|---|---|---|---|
| Arlington State BankBank Arlington, MN | 50 out of 100, Below average | $56.7M | 10.1% | 2.12% | vs |
| United Minnesota BankBank New London, MN | 66 out of 100, Moderate | $56.9M | 7.8% | 0.54% | vs |
| First Financial Bank in WinnebagoBank Winnebago, MN | 82 out of 100, Strong | $58.1M | 13.8% | 0.66% | vs |
| Vergas State BankBank Vergas, MN | 93 out of 100, Very strong | $60.7M | 15.3% | 0.16% | vs |
| Farmers and Merchants State Bank of AppletonBank Appleton, MN | 70 out of 100, Strong | $62.0M | 13.0% | 1.89% | vs |
| The Northern State Bank of GonvickBank Gonvick, MN | 86 out of 100, Very strong | $50.6M | 15.7% | 1.00% | vs |
Deposit insurance
Is my money safe at Grove Bank?
Yes. Grove Bank is an FDIC-insured institution (FDIC certificate #8857). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 13.5% of deposits ($6.1M) are above the $250,000 FDIC insurance limit, below the peer median of 16%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 9.95%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 12.94% (benchmark: 10%).
1 location
Branches
Grove Bank lists 1 office in 1 city. Most locations:
- Grove City, MN (1)
Identity & history
Profile
- Legal name
- Grove Bank
- Former names
- First State Bank of Grove City
- Type
- State-chartered bank
- FDIC certificate #
- 8857
- RSSD ID
- 79257
- Primary regulator
- FDIC
- Holding company
- Grove Bcorp Inc
- Established
- December 7, 1907
- Headquarters
- 110 Atlantic Ave W, Grove City, MN 56243
- Website
- www.grovebancorp.com
- Employees
- 16
Quick answers
Grove Bank: common questions
Is Grove Bank FDIC insured?
Yes. Grove Bank is an FDIC-insured institution (FDIC certificate #8857). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Grove Bank's TellerScore?
65 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Grove Bank ever failed?
There is no failure record for FDIC certificate #8857 in the FDIC failed bank list.
How many branches does Grove Bank have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Grove City
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Lake Region BankBank New London, MN | 84 out of 100, Strong | $153.0M | 10.4% | 0.09% | vs |
| Home State BankBank Litchfield, MN | 83 out of 100, Strong | $218.9M | 11.8% | 0.08% | vs |
| Center National BankBank Litchfield, MN | 80 out of 100, Strong | $242.6M | 11.1% | 0.00% | vs |
| Grand Marais State BankBank Grand Marais, MN | 75 out of 100, Strong | $207.2M | 8.4% | 0.10% | vs |
| Southpoint Financial Credit UnionCredit union Sleepy Eye, MN | 73 out of 100, Strong | $608.9M | 11.2% | 0.17% | vs |
| MidCountry BankBank Minneapolis, MN | 72 out of 100, Strong | $1.1B | 13.0% | 0.90% | vs |