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Grand Marais State Bank
Grand Marais, MN · FDIC Certificate #8842 · Chartered 09/1
Total assets
$207.18M
Total deposits
$189.59M
Total equity
$16.74M
Net loans
$129.75M
Branches (offices)
5
Net income (YTD)
$1.76M
Rank: #2,929 of 4,213 U.S. banks by assets · #114 of 221 in Minnesota. Assets changed 76.2% and deposits 75.7% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.71% |
| Return on equity | 21.55% |
| Net interest margin (YTD) | 4.19% |
| Equity to assets | 8.08% |
| Tier 1 leverage ratio | 8.40% |
| Uninsured deposits (share of deposits) | 19.3% |
| Noncurrent loans (share of loans) | 0.10% |
| Net charge-offs (share of loans) | 0.02% |
| Loans to deposits | 68.4% |
| Real estate loans (share of loans) | 80.3% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $104.17M | 80.3% | |
| Commercial & industrial | $13.36M | 10.3% | |
| Consumer / individual | $5.16M | 4.0% | |
| Construction & development | $4.89M | 3.8% | |
| Agricultural | $8.34M | 6.4% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $128.41M | $121.14M | $809.00K | $7.13M |
| Jun 2023 | $128.14M | $110.39M | $553.00K | $7.13M |
| Jun 2024 | $116.45M | $102.98M | $418.00K | $8.16M |
| Jun 2025 | $117.60M | $107.92M | $806.00K | $9.27M |
| Jun 2026 | $207.18M | $189.59M | $1.76M | $16.74M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $189.59M | 5 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $189.59M.
Similar-sized banks
First FSB Of Mascoutah ($207.28M) · State Savings Bank ($207.18M)
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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