Gratiot 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.

The Gratiot State Bank was incorporated on February 14, 1902 by J. G. Lund, C. M. Lund, J. C. Johnson, H. B. Betzold, E. A. Dorner, Henry Doring, E. R. Thompson and H. W. Burmeister. The bank was chartered by the Commissioner of Banking on July 20, 1903. The first president was C.M. Lund and the first Cashier was J.C. Johnson.

Gratiot State Bank has endured the Great Depression, numerous recessions, floods and the ups and downs of agriculture – never once closing its doors to its customers.

In 2002, the Gratiot State Bank constructed the new bank building and moved from the previous location on Main Street, Gratiot, Wisconsin. Gratiot State Bank takes pride in serving customers and community.

Gratiot State Bank offers a wide array of consumer loan products, from vehicle loans to personal purchases to personal expenses. The bank offers real estate loan for agriculture, residential real estate and commercial purchases or refinances. Loans can be fixed or variable interest rate loans. Gratiot State Bank offers agricultural real estate, operating, equipment, livestock and improvement loans.

Mailing Address:
P.O. Box 190
Gratiot, Wisconsin 53541

Physical Address:
5800 Philipps Street
Gratiot, Wisconsin 53541

Main Phone: 608-922-6422
Toll Free: 800-295-6622
FAX: 608-922-6400
Routing Number: 075905457

Hours of Operation:
Monday - Thursday 8:00 a.m. - 5:00 p.m.
Friday 8:00 a.m. - 7:30 p.m.