# GRAND RAPIDS STATE BANK
GRAND RAPIDS, MN · FDIC certificate 10962 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $261.1M | |
| Deposits | $234.1M | |
| Loans and leases | $141.8M | |
| Total equity | $24.1M | |
| Loans / deposits | 60.14% (p30 of band) | 73.59% |
| Liquid assets / assets | 40.37% (p63 of band) | |
| Uninsured deposits / deposits | 25.83% (p71 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.03% (p25 of band) | 11.76% |
| Unrealized securities loss / equity | -7.77% (p47 of band) | -6.57% |
| AOCI / equity | -1.25% (p22 of band) | |
| ROA (annualized) | 2.22% (p90 of band) | 1.17% |
| Net interest margin | 5.43% (p95 of band) | 3.93% |
| Efficiency ratio | 59.42% (p34 of band) | |
| Noncurrent loans | 0.02% (p26 of band) | 0.36% |
| Net charge-offs (annualized) | -0.02% (p8 of band) | |
| Reserve coverage of noncurrent | 3907.41% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 64.99% (p86 of band) | |
| Auto loans | $2.5M (1.74% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 10.5% | |
| Employees | 40 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | capital falling |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 0 |  | capital falling |
| 2013-03 | 0 |  |  |
| 2013-06 | 1 | reserve under noncurrent |  |
| 2013-09 | 2 | deposits shrinking, assets shrinking | reserve under noncurrent |
| 2013-12 | 1 | reserve under noncurrent | deposits shrinking, assets shrinking |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 0 |  | reserve under noncurrent |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2017-03 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | capital falling |  |
| 2018-03 | 1 | reserve under noncurrent | capital falling |
| 2018-06 | 1 | deposits shrinking | reserve under noncurrent |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | capital falling |  |
| 2019-03 | 0 |  | deposits shrinking, capital falling |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | uninsured deposits leaving |  |
| 2020-03 | 0 |  | uninsured deposits leaving |
| 2020-06 | 1 | wholesale funding >15% |  |
| 2020-09 | 2 | capital falling |  |
| 2020-12 | 1 |  | wholesale funding >15% |
| 2021-03 | 1 |  |  |
| 2021-06 | 0 |  | capital falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | capital falling |  |
| 2022-03 | 0 |  | capital falling |
| 2022-06 | 1 | AOCI drag >20% of equity |  |
| 2022-09 | 2 | securities losses >30% of equity |  |
| 2022-12 | 4 | reserve under noncurrent, assets shrinking |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity, securities losses >30% of equity, assets shrinking |
| 2023-06 | 3 | deposits shrinking, assets shrinking |  |
| 2023-09 | 3 | securities losses >30% of equity | reserve under noncurrent |
| 2023-12 | 3 | charge-offs p90 | securities losses >30% of equity |
| 2024-03 | 3 | uninsured deposits leaving | charge-offs p90 |
| 2024-06 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2024-09 | 0 |  |  |
| 2024-12 | 1 | deposits shrinking |  |
| 2025-03 | 1 | reserve under noncurrent | deposits shrinking |
| 2025-06 | 1 | losing money | reserve under noncurrent |
| 2025-09 | 1 | capital falling | losing money |
| 2025-12 | 2 | charge-offs p90 |  |
| 2026-03 | 0 |  | capital falling, charge-offs p90 |
| 2026-06 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-12-12 [Jeff Lee joins National Bank of Commerce as SVP – Senior Commercial Banker - Grand Rapids Herald-Review](https://news.google.com/rss/articles/CBMi8wFBVV95cUxPc3lkX3E5UjlIcTE0enBTMmdpVktldHNFTmRXdWxmc2lRVGYzYnlWTUp0LVo1RVpGSERTaGhET2FqNTJZTkdzRDZma2x5cjJoQThwdlExaE4xTEpkQlVTQ2xEQzkycEtMc20ybWR3cHVHTzJIU2FnbDlVX2dSRnBEWU9FaVNYRHM4V01seG12T0hOSDFKZUxhaUtwSl9CNHhoQzZmY3BlTURBSGtYdDhid3pzSGczYi1lVGsxOG5aWkZoaHdwYkE0M0pjeHlKTUtHTnNzZG00aTBvMVkyN2ZPYjRsM05QSU5lMnNFd3d5MDVYNTQ?oc=5) · Grand Rapids Herald-Review
- 2024-10-25 [Minnesota Lakes Bank marks 10-year anniversary - McLeod County Chronicle](https://news.google.com/rss/articles/CBMinwFBVV95cUxPVVdWVTZITklHQ3F0YklBam9FRkVVbVpET0M4XzdrQThNX2Z1NF8xZTI0bm9fOHV6VWN1NTA5clVQdW5JNGZpdHBuRWhzNFVWTWtnVlhKSHJaRFFTSURfZXlseVZTeDQ4N3lkUWFzeWs2bmdFNFlkcUdfbmlVNHJ2YkFuSnQ4cHkyZkRCdkRGcDRPTVM0aGlwWDVTRkh4WGs?oc=5) · McLeod County Chronicle
- 2020-12-12 [NEW VICE PRESIDENT AT TRUSTAR FEDERAL CREDIT UNION - Bemidji Pioneer](https://news.google.com/rss/articles/CBMipAFBVV95cUxPRFIxOHJSWlcyNW12b3E2d3o2LTJNWGhwRmdqaFdXN1d0UjBMd3JjNVlaVXkzeGhXYktEYjBHdlctTjd6b19Wd25OdF9qdFN6NDFrdVZtLS11c0xaLWE3Wk5zeVNXNjVxN3JOQU55ZkVsWjBwOTc3U0ZxYVNZX253bjBpWDJpY0RSUExZSVNDcnM1cm1DUnFwbG9qRXgyeTJ5UTF6aA?oc=5) · Bemidji Pioneer
- 2022-08-08 [Sheryl R. Tverberg - Duluth News Tribune](https://news.google.com/rss/articles/CBMiugFBVV95cUxOVDJVMk83eUZrTmFnSVFIWUZQMl9zaVQyQ3NKNUQ5cFp6RHhta0p4U05hNWZwSkJQQVpWT1NuOEhwbUNxLWlnQ295ei01YjB6RU8xVTdpaGpSUkVaZmg4R2FiVGRjSW5XRkk5OTc5SXdodlVtQjZfS3VWNlByWXIycTFxMGJIN2E1Qi0ycFgwMmZfNnlERUVseFZyTXgtVDFfQzNCZkZjZDZRMnN5THRpY1ZoaWZTV25UTkE?oc=5) · Duluth News Tribune
- 2020-04-15 [Minnesota Business Leaders Tapped for Trump’s ‘Economic Revival’ Groups - Twin Cities Business](https://news.google.com/rss/articles/CBMikgFBVV95cUxQc0cwcXpXZXBfVVJDTmR1TnJ6SW9DQllZV3NlTmdWQVlvWnR6ZzNmdFJIR25MYndJbUdrOUZWYnNVbk1fR2NsUGFwN0MxR2tvNW5XMmpLMWg5UmY5MWV5NEhSNFRURk14N0s2UnZLam5jQXFuWWdzWnpISXBNeUNldDJmWWJEZG56VGV5VGlpQXl0QQ?oc=5) · Twin Cities Business
- 2026-02-26 [George G.S. "Shen" Adams III, 83, of Grand Rapids, MN, formerly of Moville, IA - The N'West Iowa REVIEW](https://news.google.com/rss/articles/CBMi8wFBVV95cUxPc0VmM21oemtpT1k0Z0Y4czhfd1Bmc3JJbFdZMnFWdHZrbGZYTUZlM3BoM2huSGtuVEJkT3ZyYWF0RmZ3MGRNaXFZdk9UMm1LcFhlbXVnYU1HRmdXU1VrQ0tEU1ZxemxsWUhacUVMNXprZ0o3Q21OM2NXY0d1c1dOdngzVDg3UlVWUmxxZW9qanVtQ1A1a0xPTkNQWXRZWE9ycjNNMVdxcF9Tal9SWmR2UHIyLWRmWENJT3YtSlFSWno1WGo2cThsRG93bTJ6Y2FrdjFzTDlMSEhTZVFoM3NmRHV3akxoS3JLYUNGQjFCZ09ocFE?oc=5) · The N'West Iowa REVIEW
- 2020-05-13 [Small-Business Loan Program, Chaotic From Start, Gets 2nd Round (Published 2020) - The New York Times](https://news.google.com/rss/articles/CBMifkFVX3lxTFBpT0dYQUlOUFNVWU5VQ1FnRzVKN3M0X0JycHptS1h1RzAzb19hZ2hIMTRJd2dheXFFbzRVUnA5dmRQWld3V0o3dm1TMkJZQklTZEJuNGNaZklZRUR6VkNZNHVBTEJ5VUxwcUFpY3BaSVIzN3RfYTZJelhUNHlfdw?oc=5) · The New York Times
- 2019-02-01 [Grand Rapids State Bank promotes Julie Wilcox, Cory Colter, and Kristi Poling - Grand Rapids Herald-Review](https://news.google.com/rss/articles/CBMi-gFBVV95cUxOVXpmamV2RWJQQ0RfazBjcHRISU1JOG5fX29ObkRfVFhMREdMSmo4WXdETlBMTEQySEVBNkt0eFlsZHVFRDZaSURvQXBac3VMMDhOUFZES2NuUnBkZnFrZEF4UkFtOXFNblU1d2RYampFTExxaktmNDRIbVRHajBJWVU1LVBxUVhUMGdNYnFxakNXR1BPYm44MXlBZ0c0S3FGVjBvM1h4OGgxWXBKVGh1MGhPb09sQU1ZRjJFd3ZsSEZnenFHUmZjeHdKN19rVXlmaHMxaGw2aE0xUjBvS3VfbGtEVWJhVm9tOHAtQjE5UGVmZzNtQjR4SkNn?oc=5) · Grand Rapids Herald-Review

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10962 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/18.json (key "10962", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide