Grand Timber Bank

Headquarters

204 N Maddy St
Mcgregor, MN 55760
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.65% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Grand Timber Bank is an FDIC insured institution located in Mcgregor, MN. It was founded in 1963 and has approximately $0.06 billion in assets.

FDIC Insured Yes
FDIC Certificate # 18719
Date Established 1963
Assets $ 60.32 million
Loans $ 50.26 million
Deposits $ 47.03 million
Capital $ 8.42 million
 

For a more detailed analysis of Grand Timber Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 23, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - December 23, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Grand Timber Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.960% 6.875%
0.63 points
$2,764 fees
$2,103 Learn More
Advantage Lending
NMLS ID: 2592312
License#: RM.805266.000
6.966% 6.875%
0.50 points
$3,145 fees
$2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.338% 7.250%
0.88 points
$2,800 fees
$2,183 Learn More
Neighbors Bank
NMLS ID: 491986

points
fees
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 6.990 %
After Intro: 6.990 %
$0 Learn More
More Info
Rate
Rate
See Table
Intro APR 7.900 %
After Intro: 7.900 %
$25,000 Learn More
More Info

Note to Grand Timber Bank
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Branches

Grand Timber Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


Grand Timber Bank Locations around zip code 43085


BranchDistance Map View Lobby Hours

Grand Timber Bank

713.80 A View Lobby Hours


Climate Policy and Initiatives

Grand Timber Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Grand Timber Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Grand Timber Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Grand Timber Bank U.S. Bank Average
14.6% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Grand Timber Bank had $1,201,000 in non-current loans and $121,000 in owned real estate. To cover these potential losses it had $8,417,000 in equity and $640,000 in loans loss reserves. That gives it a Texas Ratio of 14.6%.

Return on Equity
Grand Timber Bank U.S. Bank Average
12.96% 10.46%

Grand Timber Bank has a Return on Equity of 12.96% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Grand Timber Bank U.S. Bank Average
13.95% 10.84%

Grand Timber Bank has a Capitalization of 13.95% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Grand Timber Bank Balance Sheet Analysis

As of June 30, 2024, Grand Timber Bank had assets of $60,316,000, loans of $50,262,000, and deposits of $47,032,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 1.59 million
Interest-bearing balances $ 0.25 million
Total securities $ 5.25 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 50.26 million
Loan loss allowance $ 0.64 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.12 million
Goodwill and other intangibles $ 1.77 million
All other assets $ 0.50 million
     Total Assets $ 51.90 million
LIABILITIES
Total deposits $ 47.03 million
      Interest-bearing deposits $ 32.19 million
      Deposits held in domestic offices $ 47.03 million
      % insured (estimated) 94.28%
Federal funds purchased and repurchase agreements $ 0.35 million
Trading liabilities N.A.
Other borrowed funds $ 3.00 million
Subordinated debt N.A.
All other liabilities $ 0.15 million
      Total Liabilities $ 51.90 million
      Shareholders’ Equity $ 8.42 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 1.92 million
Total Interest Expense $ 0.35 million
Net interest income $ 1.57 million
Provision for loan and lease losses $ 0.00 million
Total non interest income $ 0.11 million
Total non interest expense $ 0.94 million
Pre-tax Net Operating Income $ 0.64 million

Bank Loan Profile?

The top three loan types in Grand Timber Bank’s loan portfolio are 1-4 Family Residential Loans, Small Business Loans, and Commercial Real Estate.

Compared to other banks in Minnesota, Grand Timber Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 40.49
Multifamily
Mortgages
0.00
Credit Card Loans 0.45
Consumer Auto Loans 4.37
Small Business Loans 15.65
Construction and Development Loans 1.56
Commercial Real Estate 13.61
Commercial and Industrial Loans 9.62
Farm Loans 0.32

Customer Reviews for Grand Timber Bank

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