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Glenwood State Bank (Incorporated)
Glenwood, MN · FDIC Certificate #8853 · Chartered 05/0
Total assets
$545.21M
Total deposits
$469.45M
Total equity
$56.17M
Net loans
$484.12M
Branches (offices)
3
Net income (YTD)
$4.71M
Rank: #1,681 of 4,213 U.S. banks by assets · #45 of 221 in Minnesota. Assets changed -0.0% and deposits -1.1% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.70% |
| Return on equity | 16.90% |
| Net interest margin (YTD) | 3.92% |
| Equity to assets | 10.30% |
| Tier 1 leverage ratio | 10.28% |
| Uninsured deposits (share of deposits) | 32.3% |
| Noncurrent loans (share of loans) | 2.03% |
| Net charge-offs (share of loans) | -0.03% |
| Loans to deposits | 103.1% |
| Real estate loans (share of loans) | 75.6% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $365.98M | 75.6% | |
| Commercial & industrial | $63.22M | 13.1% | |
| Consumer / individual | $10.34M | 2.1% | |
| Construction & development | $28.01M | 5.8% | |
| Agricultural | $32.95M | 6.8% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $470.20M | $409.44M | $3.27M | $37.76M |
| Jun 2023 | $521.89M | $441.85M | $3.41M | $42.58M |
| Jun 2024 | $545.26M | $459.50M | $2.41M | $46.49M |
| Jun 2025 | $545.46M | $474.87M | $3.89M | $51.08M |
| Jun 2026 | $545.21M | $469.45M | $4.71M | $56.17M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $469.45M | 3 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $469.45M.
Similar-sized banks
Magnolia Bank, Incorporated ($546.33M) · Milford Federal Bank ($545.08M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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