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Grand Marais State Bank

$100M-$1B Specialty: Commercial MN FDIC cert 8842

Grand Marais, MN

5 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 +75.7% year over year ($189.6M on the books).
  • Delinquency rate 0.10%.
  • Return on assets 1.71%.
  • Efficiency ratio 60.70% vs a 64.48% peer average.
  • Loan-to-deposit ratio 68.44% 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 Marais State Bank has 5 strengths but faces 1 concern

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

  • + Non-Interest-Bearing Deposit Share 15.49% above tier average
  • + ROA 0.39% above tier average
  • + Net Interest Margin 0.20% above tier average
  • + Efficiency Ratio 3.78% below tier average
  • + Delinquency Rate 0.82% below tier average

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 15.9% in tier
Get updates when Grand Marais 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 ? $207.2M
+76.2% YoY +2.8% QoQ
-$179.4M $386.6M
+1.2% YoY
$524.5M
+5.8% YoY
$6.3B
+7.7% YoY
28%
Total Loans ? $129.8M
+68.1% YoY -0.4% QoQ
-$128.6M $258.3M
+1.7% YoY
$300.2M
+7.3% YoY
$3.2B
+9.4% YoY
28%
Total Deposits ? $189.6M
+75.7% YoY +4.0% QoQ
-$137.1M $326.7M
+0.7% YoY
$452.1M
+5.5% YoY
$4.9B
+7.3% YoY
32%
Return on Assets ? 1.71%
+26.2% YoY +16.5% QoQ
+0.39% 1.32%
+10.8% YoY
1.26%
+17.2% YoY
1.30%
+12.1% YoY
76%
Net Interest Margin ? 4.19%
+23.3% YoY +0.4% QoQ
+0.20% 3.99%
+5.0% YoY
4.00%
+6.8% YoY
3.95%
+4.9% YoY
65%
Efficiency Ratio ? 60.70%
+2.3% YoY -8.0% QoQ
-3.78% 64.48%
-3.2% YoY
63.00%
-3.5% YoY
70.05%
+2.5% YoY
55%
Delinquency Rate ? 0.10%
-22.3% QoQ
-0.82% 0.92%
+15.7% YoY
1.01%
+19.3% YoY
0.98%
+16.3% YoY
74%
Loan-to-Deposit Ratio ? 68.44%
-4.3% YoY -4.2% QoQ
-9.51% 77.95%
+1.0% YoY
78.29%
-0.6% YoY
79.03%
+2.3% YoY
72%
Non-Interest-Bearing Deposit Share ? 37.52%
+8.0% YoY -4.9% QoQ
+15.49% 22.03%
-0.6% YoY
21.79%
+0.9% YoY
21.98%
-0.6% YoY
Top 6.6% in tier
Nonperforming Asset Ratio ? 0.06%
-24.7% QoQ
-0.61% 0.67%
+16.4% YoY
0.76%
+16.9% YoY
0.69%
+15.8% YoY
77%
Tier 1 Capital Ratio ? 13.41%
-3.8% YoY +4.3% QoQ
-2.50% 15.91%
+1.4% YoY
15.35%
-0.4% YoY
17.09%
+0.8% YoY
52%
Non-Interest Income / Assets ? 0.14%
+0.7% YoY +101.7% QoQ
-0.43% 0.57%
+7.6% YoY
0.31%
+3.9% YoY
0.66%
+5.2% YoY
30%

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 37.5%
+2.8pp YoY
-1.9pp QoQ
 +15.4pp 22.1% 21.9% 22.2% 93%
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 10.3%
-0.7pp YoY
0.0pp QoQ
 -1.3pp 11.6% 14.6% 12.5% 54%
CRE n/a n/a 39.5% 36.5% 41.4% n/a
1-4 Family 30.4%
-13.3pp YoY
+0.2pp QoQ
 -2.2pp 32.6% 29.4% 31.3% 52%
Consumer 4.0%
+1.0pp YoY
-0.1pp QoQ
 -0.1pp 4.1% 4.5% 5.0% 70%

Capital

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
CET1 Ratio 13.4%
-0.5pp YoY
+0.6pp QoQ
 -5.4pp 18.8% 16.5% 19.7% 33%
Leverage Ratio 8.4%
+0.2pp YoY
+0.3pp QoQ
 -3.8pp 12.2% 11.0% 12.6% 5%
Total Capital Ratio 14.4%
-0.6pp YoY
+0.6pp QoQ
 -5.5pp 19.9% 17.6% 20.8% 31%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Full-Time Employees 27
+15 (+125.0%) YoY
-1 (-3.6%) QoQ
 -32 58 55 482 22%
Assets per Employee ($) $7.7M
-21.7% YoY
+6.6% QoQ
 +$155K $7.5M $8.6M $8.8M 64%
Branch Count 5
+3 (+150.0%) YoY
0 QoQ
 0 4 4 18 55%

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 0.1%
0.0pp QoQ
 -0.8pp 0.9% 1.0% 1.0% 18%
Allowance Coverage 9.88x
-96.2% YoY
+27.7% QoQ
 -14.27x 24.15x 20.41x 20.23x 81%
Net Charge-off Rate (YTD) 0.0%
0.0pp YoY
 -0.1pp 0.1% 0.2% 0.2% 55%

Profitability

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
ROE 21.6%
+3.7pp YoY
+2.9pp QoQ
 +9.4pp 12.2% 13.1% 11.6% 91%
Cost of Funds (YTD) 1.2%
-0.2pp YoY
0.0pp QoQ
 -0.5pp 1.7% 1.7% 1.7% 18%
Net Income ($, YTD) $1.8M
+118.7% YoY
— QoQ
 -$792K $2.6M $4.5M $40.4M 47%

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 (0)

No matched strength signatures this quarter

Concerns (1)

Credit Quality Pressure

risk
#201 of 1256 • Bottom 15.9% in tier

Delinquencies rising year-over-year. Credit risk is building - underwriting tools or reserves may need attention.

Why this signature
Delinquency Rate: 0.10%
(Tier: 0.92%, National: 0.98%)
better than tier avg
1256 of 1256 Community banks match · 1820 nationally
→ Stable -71 banks QoQ | QoQ rank improving

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 (3 metrics)

176
Non-Interest-Bearing Deposit Share
funding
Value: 37.52%
Peer Median: 22.03%
#176 of 2643 Top 6.6% in $100M-$1B
615
Nonperforming Asset Ratio
credit_quality
Value: 0.06%
Peer Median: 0.67%
#615 of 2643 Top 23.2% in $100M-$1B
631
Return on Assets
profitability
Value: 1.71%
Peer Median: 1.32%
#631 of 2643 Top 23.8% in $100M-$1B

Top Weaknesses (0 metrics)

No weakness rankings available
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