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Grand Marais State Bank, Financial Information

About Grand Marais State Bank

 Address:
211 East Highway 61
Grand Marais, MN
Cook County, Minnesota
 Established:
Sep 1916
 Number of domestic offices:
2
Total assets$118M
Net income$2M
Net income, quarterly$0M
Total deposits$110M
Domestic deposits$110M
Equity capital$8M
ROA1.45%
ROAQ, quarterly0.47%
ROA, pretax0.47%
ROAQ, quarterly, pretax0.47%
ROE20.66%
ROEQ, quarterly7.59%
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.

For over 90 years, Grand Marais State Bank has been providing customers with the latest in banking technology, professional customer service, and convenience with two locations and 24 hour banking.

Grand Marais State Bank is located on Highway 61 in Grand Marais, Minnesota, on the beautiful North Shore of Lake Superior. Grand Marais State Bank also have a branch office in Tofte.

Grand Marais State Bank provides a wide range of loans to meet your real estate needs for purchase or home improvement, as well as loans for financing your vehicle, boat or adventure.

Grand Marais location
211 East Highway 61
P.O. Box 100
Grand Marais, MN 55604 USA

Phone: (218) 387-2441
Fax: (218) 387-1658
Toll Free: (800) 835-1293

Tofte location
4 Johannes Lane (on Hwy. 61)
P.O. Box 2145
Tofte, MN 55615 USA

Phone: (218) 663-7891
Fax: (218) 663-7544
Toll Free: (877) 709-0117

Historical Data