Vitals
  • Total Assets
    314.4M 3.5 %
  • Total Deposits
    244.4M 2.6 %
  • Total Net Loans
    218.1M 3.0 %
  • Net Income
    3.1M 4.6 %
  • Book Value
    36.7M 5.1 %
  • Book Value x2
    73.5M 5.1 %
  • Book Value x3
    110.2M 5.1 %
ROAA

1.031

ROAE

8.617

Efficiency Ratio

60.967

Net Interest Margin

3.959

Balance Sheet Highlights
Financial Highlights Grinnell State Bank All Insured Commercial Banks in Iowa
Balance Sheet $(000)
Total Assets 314,361 198,346
Total Net Loans 218,120 133,864
Total Deposits 244,415 165,124
Total Equity 36,747 22,060
Profitability
Net Income 3,100 2,310
Return on Average Assets 1.031 1.15
Return on Average Equity 8.617 9.92
Net Interest Margin 3.959 3.587
Efficiency Ratio 60.967 60.34
Noninterest Income/Revenue 12.302 13.494
Balance Sheet Ratios
Loan-to-Deposit 89.242 77.091
Securities/Assets .207 .197
Total Equity/Total Assets .117 .111
Tangible Equity/Tangible Assets .117 .107
Capital Adequacy
Tier 1 Common Capital 36,599 21,135
Tier 1 Capital 36,599 21,140
Tier 2 Capital 1,934 1,625
Total Capital 38,533 22,777
Total Risk Weighted Assets 241,328 151,308
Leverage Ratio 11.68 10.944
Common Equity Tier 1 Capital Ratio 15.17 15.631
Tier 1 Capital Ratio 15.17 15.631
Total Capital Ratio 15.97 16.675

Timeline for Grinnell State Bank

Polk County Bank

Acquisition: Grinnell State Bank acquired a new subsidiary, Polk County Bank, 12 years

View Profile Nov 19 2011

Grinnell Bancshares, Inc.

Grinnell Bancshares, Inc. became a new parent organization for Grinnell State Bank.

View Profile Jan 26 1983

Grinnell State Bank

Grinnell State Bank was established 98 years ago and is currently headquartered in Grinnell, IA.

Oct 25 1925
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Polk County Bank Seller 91,580 Failure 11/19/2011
Relationships Role Relationship Start Relationship End
Grinnell Bancshares, Inc. Parent 12/31/1993
Grinnell Bancshares, Inc. Parent 1/26/1983 12/30/1993
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