Grand Marais State Bank
Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.4 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 1.5 has resulted in Good (5.7) profitability.
Other Rating Factors:
A current level of 0.1 percent of nonperforming loans to core capital contributes to the Excellent asset quality (8.8). Good current capitalization (6.2 on a scale of 0 to 10) based on a risk-based capital ratio of 15.7 and a capital leverage ratio of 8.2.
Asset Mix:
Securities (29%), home mtgs (27%), comm re (23%), cash (7%), comm loans (6%), consumer loans (2%), other (7%)
States with Branches:
MN
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Central Trust Company
Investment Rating
--
Address
211 East Highway 61
Grand Marais, MN 55604
Grand Marais, MN 55604
Phone Number
(218) 387-2441
Year Founded
1916
FDIC Number
Largest Affiliates
Lander, WY
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Bank
Buffalo Lake, MN
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Bank