Grand Marais State Bank

Grand Marais State Bank
211 E Highway 61
Grand Marais, MN 55604

Status: Active
Concentration:Commercial Lending Specialization
Established:09/16/1916
FDIC Insurance:01/01/1934
FDIC Cert:#8842
Holden By:CENTRAL TRUST CO
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
# of Branches:2, ranked #3109
Website:www.grandmaraisstatebank.com
Total Assets:$125,459,000, ranked #3646
Total Deposits:$102,806,000, ranked #3660
Total Equity Capital:$8,094,000, ranked #4039
Total Domestic Deposits:$102,806,000, ranked #3660
Net Income:$1,342,000, ranked #3193
Quarterly Net Income:$382,000, ranked #2825
Return on Assets:1%, ranked #943
Quarterly Return on Assets:1%, ranked #838
Return on Equity:18%, ranked #740
Quarterly Return on Equity:20%, ranked #463

Financial Information (2023-12-31 and Older)