Grand Rapids State Bank
Grand Rapids, MN · Owner: Wilcox Bancshares Inc
$261M
total assets, June 30, 2026
$261M
total assets, June 30, 2026
Grand Rapids State Bank is a state member bank based in Grand Rapids, MN, owned by Wilcox Bancshares Inc. As of June 30, 2026 it held $261.1 million in assets and $234.1 million in deposits; assets were up 10.0% from a year before. It has 2 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$261M
+10.0% in a year · +1.5% in a quarter
Deposits
$234M
+10.5% in a year · +1.0% in a quarter
Loans
$142M
-8.4% in a year · -3.7% in a quarter
Profit so far
$2.9M
Jan 1 to Jun 30, 2026
Capital ratio
10.03%
+0.32 pts in a year
Return on assets
2.23%
+3.16 pts in a year
Facts
- Type
- State member bank
- Head office
- 523 Nw 1st Ave, Grand Rapids, MN, 55744
- County
- Itasca
- Holding company
- Wilcox Bancshares Inc
- Established
- Jun 15, 1914
- Employees
- 40
- Branches
- 2
- Website
- www.grsb.bank
- Id
- b10962
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
2 offices as of June 30, 2026, holding $234.1 million in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Minnesota | 2 | $234M | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| Grand Rapids State Bank (main office) | Grand Rapids, MN | $234M |
| Pokegama Branch | Grand Rapids, MN | $0 |
Related pages
Questions and answers
How big is Grand Rapids State Bank?
$261.1 million in total assets and $234.1 million in deposits as of June 30, 2026, with assets up 10.0% from a year before. Its loans were $141.8 million.
How many branches does Grand Rapids State Bank have?
2 branches in Minnesota as of June 30, 2026.
Is Grand Rapids State Bank profitable?
Yes: it earned $2.86 million from January 1 to June 30, 2026. Its return on assets was 2.23% a year; about 1% is typical.
Who owns Grand Rapids State Bank?
Grand Rapids State Bank is owned by Wilcox Bancshares Inc, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.