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Granite Falls Bank, Financial Information

AboutGranite Falls Bank

 Address:
702 Prentice Street
Granite Falls,MN
Yellow Medicine County,Minnesota
 Established:
Jan 1878
 Number of domestic offices:
1
Agriculture bank
Total assets$170M
Net income$3M
Net income,quarterly$1M
Total deposits$144M
Domestic deposits$144M
Equity capital$17M
ROA1.74%
ROAQ,quarterly2.0%
ROA,pretax2.0%
ROAQ,quarterly,pretax2.0%
ROE15.48%
ROEQ,quarterly18.66%
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.

Granite Falls Bank is a commercial bank, state charter and Fed nonmember, supervised by the FDIC. The bank was established in 1878. Granite Falls Bank offers Checking Accounts, Savings Accounts, Home Equity & Improvement, Auto Loans, Real Estate, Mortgages, Refinance, Commercial / Agriculture, Operating, Equipment, Livestock, Construction, Stock Purchases, SBA, FSA, Rural Finance Authority, USDA Rural Development. Online Bill Pay is available to all Granite Falls bank customers who use Internet Banking.

Granite Falls Bank
702 Prentice St
Granite Falls, MN 56241
(320) 564-2111

Historical Data