Grand Timber Bank

Headquarters

204 North Maddy Street
Mcgregor, MN 55760
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 1.00% 0.80% →
2-Year CD 1.21% 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Grand Timber Bank is an FDIC insured institution located in Mcgregor, MN. It was founded in 1963 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 18719
Date Established 1963
Assets $ 52.13 million
Loans $ 33.01 million
Deposits $ 46.54 million
Capital $ 5.47 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 - September 23, 2021

Your Current Location: California, CA 92111

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.80% $10,000 $14,999 Learn More
12 Mo CD
1.00% $100,000 $199,999 Learn More
18 Mo CD
0.85% $10,000 $14,999 Learn More
18 Mo CD
1.05% $100,000 $199,999 Learn More
24 Mo CD
1.00% $10,000 $14,999 Learn More
24 Mo CD
1.21% $100,000 $199,999 Learn More
30 Mo CD
1.10% $10,000 $14,999 Learn More
30 Mo CD
1.31% $100,000 $199,999 Learn More
36 Mo CD
1.21% $10,000 $14,999 Learn More
36 Mo CD
1.41% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

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 - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.806% 2.750%
0.75 points
$1,818 fees
$1,021 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Grand Timber Bank
To upload and update your bank's rates please register. It is free to register and add rates.

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:
San Diego,California


Grand Timber Bank Locations


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
15.31% 5.29%

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 March 31, 2021, Grand Timber Bank had $778,000 in non-current loans and $191,000 in owned real estate. To cover these potential losses it had $5,470,000 in equity and $860,000 in loans loss reserves. That gives it a Texas Ratio of 15.31%.

Return on Equity
Grand Timber Bank U.S. Bank Average
15.56% 11.43%

Grand Timber Bank has a Return on Equity of 15.56% versus the BestCashCow average of 11.43%. 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
10.49% 11.51%

Grand Timber Bank has a Capitalization of 10.49% versus the BestCashCow average of 11.51. 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 March 31, 2021, Grand Timber Bank had assets of $52,127,000, loans of $33,011,000, and deposits of $46,539,000. 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

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 11.27 million
Interest-bearing balances $ 10.31 million
Total securities $ 6.85 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 33.01 million
Loan loss allowance $ 0.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.19 million
Goodwill and other intangibles N.A.
All other assets $ 0.38 million
     Total Assets $ 46.66 million
LIABILITIES
Total deposits $ 46.54 million
      Interest-bearing deposits $ 31.74 million
      Deposits held in domestic offices $ 46.54 million
      % insured (estimated) 93.41%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.12 million
      Total Liabilities $ 46.66 million
      Shareholders’ Equity $ 5.47 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 0.62 million
Total Interest Expense $ 0.03 million
Net interest income $ 0.59 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.06 million
Total non interest expense $ 0.40 million
Pre-tax Net Operating Income $ 0.24 million

Bank Loan Profile?

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

Compared to other banks in Minnesota, Grand Timber Bank has a significantly higher percent of 1-4 Family Residential Loans, Consumer Auto 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 52.55
Multifamily
Mortgages
0.00
Credit Card Loans 0.64
Consumer Auto Loans 5.19
Small Business Loans 0.00
Construction and Development Loans 6.38
Commercial Real Estate 18.08
Commercial and Industrial Loans 12.25
Farm Loans 0.38

Frequently Asked Questions About Grand Timber Bank

Branches and Savings

Is Grand Timber Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18719.

Why does Grand Timber Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Grand Timber Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Grand Timber Bank a commercial bank?

Yes

Where are Grand Timber Bank locations?

See branch locations nearby.

Is Grand Timber Bank open on Saturdays?

Is Grand Timber Bank open on Sundays?

What time does Grand Timber Bank open?

What time does Grand Timber Bank close?

Are Grand Timber Bank ATMs Open 24/7?

Do Grand Timber Bank ATMs accept cash deposits?

Can Grand Timber Bank customers use other ATMs?

Do Grand Timber Bank branches have notaries?

Will Grand Timber Bank notarize my document?

What address for Grand Timber Bank should I put for incoming ACH transfers?

Will the Grand Timber Bank branch print checks?

Do Grand Timber Bank checks expire?

Does Grand Timber Bank require US citizenship to open account?

Can Grand Timber Bank close my account?

Does Grand Timber Bank Report to credit bureaus?

Does Grand Timber Bank Use Equifax?

What is Grand Timber Bank's ACH Routing Number?

What is Grand Timber Bank's SWIFT code?

Products

Does Grand Timber Bank offer mortgages?

Compare mortgage rates here.

Does Grand Timber Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Grand Timber Bank offer personal loans?

Compare personal loan rates here.

Does Grand Timber Bank offer student loans?

Will Grand Timber Bank cash a check?

Will Grand Timber Bank redeem a savings bond?

Does Grand Timber Bank cash savings bonds?

Will Grand Timber Bank cash money orders?

Can Grand Timber Bank issue a money order?

Does Grand Timber Bank do currency exchange?

Background on The Bank

Who owns Grand Timber Bank?

How long has Grand Timber Bank been around?

Can Grand Timber Bank transfer to other banks?

Does Grand Timber Bank have quick pay?

Does Grand Timber Bank accept rolled coins?

Will Grand Timber Bank accept loose change?

Where is Grand Timber Bank headquarters?

Customer Reviews for Grand Timber Bank

There are currently no comments for Grand Timber Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →