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Glenwood State Bank, Financial Information

About Glenwood State Bank

 Address:
32 North Walnut Street
Glenwood, IA
Mills County, Iowa
 Established:
Jan 1899
 Number of domestic offices:
4
Total assets$259M
Net income$1M
Net income, quarterly$0M
Total deposits$232M
Domestic deposits$232M
Equity capital$26M
ROA0.46%
ROAQ, quarterly-0.22%
ROA, pretax-0.22%
ROAQ, quarterly, pretax-0.13%
ROE4.49%
ROEQ, quarterly-2.18%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The Glenwood State Bank opened August 16, 1899, when a group of local businessmen and farmers decided to create a safe place for the community to bank. Glenwood State Bank offers four types of checking accounts to meet your needs: Regular Checking, NOW Checking, GSB Club Account.

A Certificate of Deposit (CD) is an account that earns interest for a specific period of time. Interest rates vary depending on the amount deposited and the term of the CD. Interest is paid quarterly to the CD or can be withdrawn without penalty.

An Individual Retirement Account is a special tax deferred savings account authorized by the Internal Revenue Service. It is a unique and simple way to encourage people to save money for retirement.

Glenwood State Bank offers Consumer Loans, Business Loans, Home Loans.

Main Branch
32 N Walnut St, Glenwood, Iowa 51534
Monday - Friday 8 AM - 5 PM
Saturday 8 AM - 11 AM
Ph. 712-527-3157
Fax 712-527-3567
Bookkeeping
Monday – Friday 8 AM – 5 PM
Ph. 712-527-5229
Fax 712-527-4790

Historical Data