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 Grand Marais State Bank
Grand Marais State Bank
| RSSD ID 945950 | CERTIFICATE 8842 | ABA NUMBER 91213314 |
| 211 E Highway 61 |
Quarter Ended : |
2025-06-30 |
| Grand Marais, Minnesota, 55604 |
Updated : |
2025-07-10 |
| www.grandmaraisstatebank.com |
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| Institution Profile |
| Year Opened : |
1916 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FED |
| Member Federal Reserve : |
Yes |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
2 |
Number of Employees : |
12 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 117,601 |
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Total Interest Income | 2,784 |
| Total Liabilities | 108,328 |
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Total NonInterest Income | 159 |
| Total Bank Equity Capital | 9,273 |
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Total Interest Expense | 810 |
| Total Deposits | 107,916 |
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Total NonInterest Expense | 1,266 |
| Net Loans & Leases | 77,181 |
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Net Income | 806 |
| Loan Loss Allowance | 771 |
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Net Charge Offs | 14 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 10,657 |
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Total loans | 77,544 |
| Total assets for the leverage ratio | 120,814 |
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Loans secured by real estate: | 66,559 |
| Tier 1 Leverage Ratio | 8.18 |
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Commercial and industrial loans | 8,381 |
| Tier 1 Capital Ratio | 13.93 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 15.02 |
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Loans to individuals - Other | 2,320 |
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:· Grand Marais State Bank
