Grand Marais State Bank
Headquarters: Grand Marais, Minnesota
Overview
Grand Marais State Bank is an FDIC-insured bank headquartered in Grand Marais, Minnesota. It reported $201.55M in assets and $182.36M in deposits for the period ending March 31, 2026. Bankular currently lists 5 branch locations.
What Bankular checked
These dates identify the official records and review steps supporting this profile.
Quarterly change
What changed since the previous report
December 31, 2025 to March 31, 2026
These comparisons use consecutive official regulatory reporting periods. A change is descriptive and is not a recommendation or safety rating.
Financial indicators
Capital, profitability and credit quality
These are the latest reported capital, profitability and credit-quality measures available for this institution. Read the figures together rather than as a single safety rating.
Branch footprint
Where Grand Marais State Bank has branches
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Locations
Find a branch of Grand Marais State Bank
Buffalo Lake Branch
109 W Yellowstone Trl, Buffalo Lake, Minnesota, 55314
Full-service branch · Opened January 1, 2026
Address and directions →Hutchinson Branch
1380 Montreal St SE, Hutchinson, Minnesota, 55350
Full-service branch · Opened November 27, 2017
Address and directions →Main Office
211 E Highway 61, Grand Marais, Minnesota, 55604
Full-service branch · Opened September 16, 1916
Ortonville Branch
113 1st St NW, Ortonville, Minnesota, 56278
Full-service branch · Opened January 31, 1955
Address and directions →Tofte Branch
4 Johannes Lane, Tofte, Minnesota, 55615
Full-service branch · Opened September 4, 1985
Financial overview
Latest reported figures
Through March 31, 2026
Financial trends
How the balance sheet has changed
Compare recent quarters to see the direction of assets, deposits and loans.
| Quarter | Assets | Deposits | Net loans | ROA |
|---|---|---|---|---|
| March 31, 2026 | $201.55M | $182.36M | $130.28M | 1.47% |
| December 31, 2025 | $122.93M | $112.79M | $82.17M | 1.37% |
| September 30, 2025 | $124.77M | $114.65M | $77.53M | 1.47% |
| June 30, 2025 | $117.60M | $107.92M | $77.18M | 1.35% |
| March 31, 2025 | $119.47M | $103.11M | $74.43M | 1.23% |
| December 31, 2024 | $120.02M | $110.32M | $72.44M | 0.90% |
| September 30, 2024 | $126.41M | $117.27M | $71.86M | 0.89% |
| June 30, 2024 | $116.45M | $102.98M | $71.12M | 0.70% |
Size and reach
How this institution compares
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More on Grand Marais State Bank
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Branch locations
5 listed locations.
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Explore →State banking market
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Explore →Grand Marais banking market
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Explore →Sources and methodology
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Explore →Frequently asked questions
Is Grand Marais State Bank federally insured?
Yes. Bankular identifies this institution in FDIC records under certificate 8842.
Where is Grand Marais State Bank headquartered?
Grand Marais State Bank is headquartered in Grand Marais, Minnesota, at 211 E Highway 61, Grand Marais, Minnesota, 55604.
How large is Grand Marais State Bank?
It reported $201.55M in assets and $182.36M in deposits for the period ending March 31, 2026.
How many locations does Grand Marais State Bank have?
Bankular currently lists 5 branch locations for this institution.
Data sources and methodology
Bankular combines official regulatory records with institution-published product information. The detailed sources are available below for readers who want to verify a figure.