Grand Rapids State Bank, Financial Information

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.

At Grand Rapids State Bank, you can still find great personal service. Backed by four generations, the bank is a family-owned bank that has proudly served the Grand Rapids area for 100 years. Today, three generations of the Wilcox family actively manage and work at the bank. The original Warba State Bank was chartered on June 14, 1914.

The Financial Services Center was added in 1994 and initially housed the Grand Rapids State Agency. The building was expanded in 2001 to include brokerage services, card services, Club Grand and other functions. Internet banking was brought to the customer base in 2000, electronic statements were made available in 2004 and remote deposit in 2007.

Grand Rapids State Bank offers Personal Loans, Checking, Savings, CD's & IRA's, Debit & Credit Cards, Online Banking. The Grand Rapids State Bank Business Banking team can support all of your financial needs. From account openings to loan closings, your business banker will guide you through all the banking processes you'll need.

Downtown Office
523 NW 1st Avenue
Grand Rapids, MN 55744
(218) 326.9414

Pokegama Office
1 SW 10th Street
Grand Rapids, MN 55744
(218) 326-9687

Financial Services Building
506 2nd Avenue
Grand Rapids, MN 55744
(218) 326-9414