Glenwood State Bank (incorporated)
FDIC #8853
📍 Glenwood, Minnesota
Glenwood State Bank (incorporated) is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 05/09/1907. With assets of $536.26 Million, it operates 3 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: August 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
August 1, 2024
Satisfactory
June 1, 2021
Satisfactory
July 1, 2018
Satisfactory
💰 Financial Strength
Total Assets$536.26 Million
Total Deposits$441.37 Million
Equity Capital$43.36 Million
Net Income$4.26 Million
📈 Performance
ROA1.11%
ROE13.43%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established05/09/1907
FDIC Cert8853
Holding CoN/A
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:00 AM - 5:30 PM
Tuesday8:00 AM - 5:30 PM
Wednesday8:00 AM - 5:30 PM
Thursday8:00 AM - 5:30 PM
Friday8:00 AM - 6:00 PM
Saturday8:00 AM - 12:00 PM
SundayClosed