Gratiot State Bank

Headquarters

5800 Phillips Street
Gratiot, WI 53541
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Gratiot State Bank is an FDIC insured institution located in Gratiot, WI. It was founded in 1902 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 8694
Date Established 1902
Assets $ 42.63 million
Loans $ 11.26 million
Deposits $ 38.43 million
Capital $ 4.12 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Gratiot State Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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Featured - Connecticut Home Equity Line Of Credit Rates 2020

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4.000 %
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Third Federal Savings and Loans
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2.240 %
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Note to Gratiot State Bank
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Branches

Gratiot State 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:
Fairfield,Connecticut


Gratiot State Bank Locations


Financial Details

Gratiot State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gratiot State 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
Gratiot State Bank U.S. Bank Average
0% 6.94%

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, 2020, Gratiot State Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,121,000 in equity and $134,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Gratiot State Bank U.S. Bank Average
1.89% 7.80%

Gratiot State Bank has a Return on Equity of 1.89% versus the BestCashCow average of 7.80%. 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
Gratiot State Bank U.S. Bank Average
9.67% 12.68%

Gratiot State Bank has a Capitalization of 9.67% versus the BestCashCow average of 12.68. 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.

Gratiot State Bank Balance Sheet Analysis

As of March 31, 2015, Gratiot State Bank had assets of $39,770,000, loans of $11,259,000, and deposits of $38,427,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 11.26 million
Loan loss allowance $ 0.13 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 38.43 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 42.63 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Gratiot State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Farm Loans.

Compared to other banks in Wisconsin, Gratiot State Bank has a significantly higher percent of Farm 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 29.44
Multifamily
Mortgages
1.80
Credit Card Loans 0.45
Consumer Auto Loans 1.31
Small Business Loans 7.20
Construction and Development Loans 0.00
Commercial Real Estate 15.04
Commercial and Industrial Loans 7.74
Farm Loans 12.77

Frequently Asked Questions About Gratiot State Bank

Branches and Savings

Is Gratiot State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8694.

Why does Gratiot State Bank pay such low interest on savings accounts?

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

Why are Gratiot State Bank CD rates not competitive?

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

Is Gratiot State Bank a commercial bank?

Yes

Where are Gratiot State Bank locations?

See branch locations nearby.

Is Gratiot State Bank open on Saturdays?

Is Gratiot State Bank open on Sundays?

What time does Gratiot State Bank open?

What time does Gratiot State Bank close?

Are Gratiot State Bank ATMs Open 24/7?

Do Gratiot State Bank ATMs accept cash deposits?

Can Gratiot State Bank customers use other ATMs?

Do Gratiot State Bank branches have notaries?

Will Gratiot State Bank notarize my document?

What address for Gratiot State Bank should I put for incoming ACH transfers?

Will the Gratiot State Bank branch print checks?

Do Gratiot State Bank checks expire?

Does Gratiot State Bank require US citizenship to open account?

Can Gratiot State Bank close my account?

Does Gratiot State Bank Report to credit bureaus?

Does Gratiot State Bank Use Equifax?

What is Gratiot State Bank's ACH Routing Number?

What is Gratiot State Bank's SWIFT code?

Products

Does Gratiot State Bank offer mortgages?

Compare mortgage rates here.

Does Gratiot State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Gratiot State Bank offer personal loans?

Compare personal loan rates here.

Does Gratiot State Bank offer student loans?

Will Gratiot State Bank cash a check?

Will Gratiot State Bank redeem a savings bond?

Does Gratiot State Bank cash savings bonds?

Will Gratiot State Bank cash money orders?

Can Gratiot State Bank issue a money order?

Does Gratiot State Bank do currency exchange?

Background on The Bank

Who owns Gratiot State Bank?

How long has Gratiot State Bank been around?

Can Gratiot State Bank transfer to other banks?

Does Gratiot State Bank have quick pay?

Does Gratiot State Bank accept rolled coins?

Will Gratiot State Bank accept loose change?

Where is Gratiot State Bank headquarters?

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