American State Bank of Grygla
Also written as ASB of Grygla
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Data as of · sourced from FFIEC call reports. How we update
American State Bank of Grygla is an FDIC-insured commercial bank headquartered in Grygla, MN, established in 1976 (FDIC certificate 22263), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $81.8M, down 3.4% from Q2 2025, the 187th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.83% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 22263
- Headquarters
- Grygla, MN
- Established
- 1976
- Total assets, Q2 2026
- $81.8M
- Assets vs Q2 2025
- -3.4%
- Tier 1 leverage ratio, Q2 2026
- 10.83%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091205128
- Latest call report
- Q2 2026, FFIEC 051 · American State Bank of Grygla call report
- Holding company
- GRYGLA FINANCIAL CORPORATION
- Asset rank in state
- 187th of 221 in Minnesota
American State Bank of Grygla is one of the more profitable banks of its size. It reported $82 million in assets at June 30, 2026, down 3.4% from a year earlier. It returns 20.4% a year on shareholders' equity, 2.4 times the median of 8.6% for the 533 banks with less than $100 million in assets. It also carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 banks its size (median 1.9%). Much of that comes from cost control: it spends about 56 cents to bring in each dollar of revenue.
The commercial and industrial book ($7.9 million) is worsening: 10.67% of it is past due or on nonaccrual, up from 2.29% a year earlier. The balance sheet shrank over the year: over the year loans fell 1.1% and deposits fell 5.1%.
As of June 30, 2026, American State Bank of Grygla reported a return on assets of 1.79%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
American State Bank of Grygla ranks as the 187th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 0.7% to $81.8M, loans rose 2.2% and deposits rose 0.1%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 26.5% of total loans, ahead of agricultural production loans at 20.5%. The FDIC Summary of Deposits lists 2 offices for it, in Grygla, MN and Erskine, MN; its Grygla office books 53% of its branch deposits. By the capital ratios in its Q2 2026 call report, American State Bank of Grygla meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 102 S Main Ave, Grygla, MN 56727
- County
- Marshall
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- April 30, 1976
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 14
- Domestic deposits
- $73.9M
- Allowance for credit losses
- $520K
- Net charge-offs (YTD)
- $0
- Average total assets
- $81.9M
- Average total loans
- $41.4M
- Average interest-bearing deposits
- $55.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 30, 1976
- FDIC Cert
- 22263
- Fed RSSD
- 21359
- SEC CIK
- 1617284 → filed by GRYGLA FINANCIAL CORPORATION
- Website
- www.asbgrygla.com →
- Parent Holding Company
- GRYGLA FINANCIAL CORPORATION (RSSD 1857760)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, American State Bank of Grygla reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, American State Bank of Grygla's total assets ranged from $71.8M (Q3 2023) to $84.7M (Q2 2025), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$81.8M total assets against $84.7M; $74.3M total liabilities against $78.2M.
$41.7M net loans and leases against $42.2M; $73.9M total deposits against $77.9M.
$20.2M securities against $21.9M; $18.1M cash and balances due against $18.9M.
$1.0M total interest income against $1.0M; $285K total interest expense against $296K.
$732K net interest income against $733K.
$98K total noninterest income against $111K; $473K total noninterest expense against $489K.
$0 provision for credit losses against $0.
$366K net income against $331K.
1.79% return on assets against 1.59%; 3.78% net interest margin against 3.68%.
10.83% tier 1 leverage ratio against 9.88%.
Inside the full American State Bank of Grygla terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.04% (Q4 2024) to 1.79% (Q2 2026) and its net interest margin ran from 3.25% (Q1 2025) to 3.93% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.83% | 1.79% | 0.00% | 0.00% | 3.78% |
| Q1 2026 | 10.69% | 1.14% | 0.00% | 0.00% | 3.66% |
| Q4 2025 | 10.74% | 1.45% | 0.00% | 0.00% | 3.93% |
| Q3 2025 | 10.33% | 1.62% | 0.06% | 0.33% | 3.80% |
| Q2 2025 | 9.88% | 1.59% | 0.00% | 0.00% | 3.68% |
| Q1 2025 | 9.88% | 1.13% | 0.13% | 0.82% | 3.25% |
| Q4 2024 | 10.14% | 1.04% | 0.00% | 0.00% | 3.39% |
| Q3 2024 | 10.78% | 1.73% | 0.61% | 4.80% | 3.72% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| American State Bank of Grygla (main office) | Grygla , MN | 56727 | $38.8M |
| Erskine Br | Erskine , MN | 56535 | $35.1M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| September 6, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 6, 2014 | Structure Change | Acquired American State Bank of Erskine Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 226 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $175K approved, $175K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2008 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about American State Bank of Grygla
What are American State Bank of Grygla's total assets?
As of the Q2 2026 filing, American State Bank of Grygla reported total assets of $81.8 million in its FFIEC call report.
Where is American State Bank of Grygla headquartered?
It is headquartered in Grygla, MN, United States.
When was American State Bank of Grygla founded?
It was established in 1976, per the FDIC institution directory.
Is American State Bank of Grygla FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #22263). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates American State Bank of Grygla?
American State Bank of Grygla's primary federal regulator is the Federal Reserve.
How many branches does American State Bank of Grygla operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is American State Bank of Grygla's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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