Jennings State Bank
Spring Grove, MN · Owner: Spring Grove Investments Inc
$52.3M
total assets, September 30, 2009
$52.3M
total assets, September 30, 2009
Jennings State Bank was a state nonmember bank in Spring Grove, MN, owned by Spring Grove Investments Inc. It failed on Oct 2, 2009, and Central Bank took over its deposits. At its last report it held $52.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2009
This bank failed
- Failed on
- Oct 2, 2009
- Assets
- $52.3M
- Deposits
- $50.8M
- Estimated cost
- $18.9M
- Deposits went to
- Central Bank, Stillwater, MN
Total assets
$52.3M
+3.6% in a year · -5.8% in a quarter
Deposits
$50.8M
+8.2% in a year · -5.1% in a quarter
Loans
$31.2M
-13.0% in a year · -4.4% in a quarter
Profit so far
-$2.0M
Jan 1 to Sep 30, 2009
Capital ratio
-0.07%
-5.01 pts in a year
Return on assets
-5.04%
-1.77 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 126 West Main Street, Spring Grove, MN, 55974
- County
- Houston
- Holding company
- Spring Grove Investments Inc
- Established
- Jan 1, 1890
- Failed
- Oct 2, 2009
- Employees
- 25
- Branches
- 2
- Id
- b11416
Quarter by quarter
March 31, 1984 to September 30, 2009
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.
Related pages
Questions and answers
How big is Jennings State Bank?
$52.3 million in total assets and $50.8 million in deposits as of September 30, 2009, with assets up 3.6% from a year before. Its loans were $31.2 million.
How many branches does Jennings State Bank have?
2 branches in Minnesota as of June 30, 2026.
Is Jennings State Bank profitable?
No: it lost $2.04 million from January 1 to September 30, 2009. Its return on assets was -5.04% a year; about 1% is typical.
Who owns Jennings State Bank?
Jennings State Bank is owned by Spring Grove Investments Inc, its holding company.
When did Jennings State Bank fail?
Oct 2, 2009. Central Bank of Stillwater, MN took over its deposits. The estimated cost of the failure was $18.9 million.
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.