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Grand Rapids State Bank

$100M-$1B Specialty: Commercial MN FDIC cert 10962

Grand Rapids, MN

2 branches across MN

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 2,643 banks in the $100M-$1B peer group nationwide — 1 of 151 in MN.
  • Deposits +10.5% year over year ($234.1M on the books).
  • Delinquency rate 0.02%.
  • Return on assets 2.22%.
  • Efficiency ratio 59.42% vs a 64.48% peer average.
  • Loan-to-deposit ratio 60.14% vs a 77.95% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

2643 banks in the $100M-$1B peer group nationally 151 in MN
View $100M-$1B leaderboard (MN) →

Grand Rapids State Bank shows strong momentum with 5 strengths and 10.0% YoY asset growth

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Profitability Leader: Top 6.2% in tier
  • + Revenue Diversifier: Top 22.8% in tier
  • + Deposit Franchise: Top 50.4% in tier
  • + Efficiency Ratio 5.06% below tier average
  • + Delinquency Rate 0.90% below tier average

Key Concerns

Areas that may need attention

No key concerns identified

Get updates when Grand Rapids State Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Total Assets ? $261.1M
+10.0% YoY +1.5% QoQ
-$125.5M $386.6M
+1.2% YoY
$524.5M
+5.8% YoY
$6.3B
+7.7% YoY
39%
Total Loans ? $140.8M
-6.6% YoY -3.8% QoQ
-$117.6M $258.3M
+1.7% YoY
$300.2M
+7.3% YoY
$3.2B
+9.4% YoY
32%
Total Deposits ? $234.1M
+10.5% YoY +1.0% QoQ
-$92.7M $326.7M
+0.7% YoY
$452.1M
+5.5% YoY
$4.9B
+7.3% YoY
42%
Return on Assets ? 2.22%
+338.8% YoY +21.9% QoQ
+0.90% 1.32%
+10.8% YoY
1.26%
+17.2% YoY
1.30%
+12.1% YoY
Top 8.2% in tier
Net Interest Margin ? 5.43%
+2.4% YoY +0.8% QoQ
+1.44% 3.99%
+5.0% YoY
4.00%
+6.8% YoY
3.95%
+4.9% YoY
Top 3.5% in tier
Efficiency Ratio ? 59.42%
-16.5% YoY -6.8% QoQ
-5.06% 64.48%
-3.2% YoY
63.00%
-3.5% YoY
70.05%
+2.5% YoY
59%
Delinquency Rate ? 0.02%
-99.1% YoY -79.8% QoQ
-0.90% 0.92%
+15.7% YoY
1.01%
+19.3% YoY
0.98%
+16.3% YoY
84%
Loan-to-Deposit Ratio ? 60.14%
-15.5% YoY -4.8% QoQ
-17.81% 77.95%
+1.0% YoY
78.29%
-0.6% YoY
79.03%
+2.3% YoY
83%
Non-Interest-Bearing Deposit Share ? 29.70%
+19.3% YoY +4.9% QoQ
+7.67% 22.03%
-0.6% YoY
21.79%
+0.9% YoY
21.98%
-0.6% YoY
81%
Nonperforming Asset Ratio ? 0.01%
-99.5% YoY -80.9% QoQ
-0.66% 0.67%
+16.4% YoY
0.76%
+16.9% YoY
0.69%
+15.8% YoY
Top 13.9% in tier
Tier 1 Capital Ratio ? 10.03%
+3.3% YoY +3.6% QoQ
-5.88% 15.91%
+1.4% YoY
15.35%
-0.4% YoY
17.09%
+0.8% YoY
Bottom 11.2% in tier
Non-Interest Income / Assets ? 0.48%
+43.4% YoY +163.6% QoQ
-0.08% 0.57%
+7.6% YoY
0.31%
+3.9% YoY
0.66%
+5.2% YoY
Top 10.0% in tier

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Noninterest-Bearing 29.7%
+4.8pp YoY
+1.4pp QoQ
 +7.6pp 22.1% 21.9% 22.2% 81%
Brokered Deposits n/a n/a 7.9% 8.3% 8.5% n/a

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
C&I 15.3%
-1.8pp YoY
+0.7pp QoQ
 +3.8pp 11.6% 14.6% 12.5% 77%
CRE 60.6%
-2.9pp YoY
-2.1pp QoQ
 +21.1pp 39.5% 36.5% 41.4% 85%
1-4 Family 16.9%
+2.8pp YoY
+1.6pp QoQ
 -15.7pp 32.6% 29.4% 31.3% 23%
Consumer 7.7%
-0.1pp YoY
-0.1pp QoQ
 +3.6pp 4.1% 4.5% 5.0% 88%

Capital

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
CET1 Ratio n/a n/a 18.8% 16.5% 19.7% n/a
Leverage Ratio 10.0%
+0.3pp YoY
+0.4pp QoQ
 -2.1pp 12.2% 11.0% 12.6% 32%
Total Capital Ratio n/a n/a 19.9% 17.6% 20.8% n/a

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Full-Time Employees 40
-3 (-7.0%) YoY
-3 (-7.0%) QoQ
 -19 58 55 482 41%
Assets per Employee ($) $6.5M
+18.3% YoY
+9.1% QoQ
 -$992K $7.5M $8.6M $8.8M 43%
Branch Count 2
0 YoY
0 QoQ
 -3 4 4 18 11%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Past Due 90+ Days n/a n/a 0.3% 0.4% 0.4% n/a
Nonaccrual 0.0%
-2.1pp YoY
-0.1pp QoQ
 -0.9pp 0.9% 1.0% 1.0% 5%
Allowance Coverage 39.07x
+2981.9% YoY
+428.3% QoQ
 +14.92x 24.15x 20.41x 20.23x 93%
Net Charge-off Rate (YTD) -0.0%
0.0pp YoY
 -0.2pp 0.1% 0.2% 0.2% 7%

Profitability

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
ROE 24.6%
+34.7pp YoY
+4.2pp QoQ
 +12.4pp 12.2% 13.1% 11.6% 96%
Cost of Funds (YTD) 0.5%
-0.1pp YoY
0.0pp QoQ
 -1.2pp 1.7% 1.7% 1.7% 2%
Net Income ($, YTD) $2.9M
+360.9% YoY
— QoQ
 +$304K $2.6M $4.5M $40.4M 68%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (3)

Profitability Leader

growth
#42 of 661 • Top 6.2% in tier

Top-quartile profitability for peers of this size. Strong fundamentals and operational efficiency.

Why this signature
Return on Assets: 2.22%
(Tier: 1.32%, National: 1.30%)
better than tier avg
661 of 661 Community banks match · 923 nationally
→ Stable | QoQ rank improving

Revenue Diversifier

growth
#152 of 661 • Top 22.8% in tier

Top-quartile non-interest income relative to assets. Revenue less dependent on spread - more resilient to rate cycles.

Why this signature
Noninterest Income / Assets: 0.48%
(Tier: 0.57%, National: 0.66%)
but worse than tier avg
Return on Assets: 2.22%
(Tier: 1.32%, National: 1.30%)
better than tier avg
661 of 661 Community banks match · 923 nationally
→ Stable | QoQ rank improving

Deposit Franchise

growth
#141 of 278 • Top 50.4% in tier

Top-quartile non-interest-bearing deposits AND top-quartile NIM. A premium deposit franchise translating into above-peer spread.

Why this signature
Noninterest-Bearing Deposit Share: 29.70%
(Tier: 22.03%, National: 21.98%)
better than tier avg
Net Interest Margin: 5.43%
(Tier: 3.99%, National: 3.95%)
better than tier avg
278 of 278 Community banks match · 368 nationally
→ Stable -1 banks QoQ | QoQ rank improving

Concerns (0)

No matched concern signatures this quarter

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 2643 peers in $100M-$1B

Top Strengths (7 metrics)

93
Net Interest Margin
profitability
Value: 5.43%
Peer Median: 3.99%
#93 of 2643 Top 3.5% in $100M-$1B
217
Return on Assets
profitability
Value: 2.22%
Peer Median: 1.32%
#217 of 2643 Top 8.2% in $100M-$1B
264
Non-Interest Income / Assets
revenue_mix
Value: 0.48%
Peer Median: 0.57%
#264 of 2643 Top 10.0% in $100M-$1B
369
Nonperforming Asset Ratio
credit_quality
Value: 0.01%
Peer Median: 0.67%
#369 of 2643 Top 13.9% in $100M-$1B
417
Delinquency Rate
credit_quality
Value: 0.02%
Peer Median: 0.92%
#417 of 2633 Top 15.8% in $100M-$1B
459
Loan-to-Deposit Ratio
liquidity
Value: 60.14%
Peer Median: 77.95%
#459 of 2643 Top 17.3% in $100M-$1B
500
Non-Interest-Bearing Deposit Share
funding
Value: 29.70%
Peer Median: 22.03%
#500 of 2643 Top 18.9% in $100M-$1B

Top Weaknesses (1 metrics)

2347
Tier 1 Capital Ratio
capital
Value: 10.03%
Peer Median: 15.91%
#2347 of 2643 Bottom 11.2% in $100M-$1B
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