Glenwood State Bank (Incorporated)
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Data as of · sourced from FFIEC call reports. How we update
Glenwood State Bank (Incorporated) is an FDIC-insured commercial bank headquartered in Glenwood, MN, established in 1907 (FDIC certificate 8853), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $545.2M, little changed from Q2 2025, the 45th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 12.14% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8853
- Headquarters
- Glenwood, MN
- Established
- 1907
- Total assets, Q2 2026
- $545.2M
- Assets vs Q2 2025
- 0.0%
- CET1 ratio, Q2 2026
- 12.14%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091902023
- Latest call report
- Q2 2026, FFIEC 051 · Glenwood State Bank (Incorporated) call report
- Asset rank in state
- 45th of 221 in Minnesota
Problem loans are rising at Glenwood State Bank (Incorporated). Its balance sheet stood at $545 million at June 30, 2026; it is based in Glenwood, Minnesota. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.03% of loans from 1.42% a year earlier. It carries problem assets equal to 16.0% of the capital and reserves that would absorb them, 6.1 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also shrank its loan book 3.4% over the year, lower than about three-quarters of banks its size (median 5.5%).
The non-owner-occupied commercial real estate book ($83 million) is worsening: 4.03% of it is past due or on nonaccrual, up from 2.46% a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 2.5 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, Glenwood State Bank (Incorporated) reported a CET1 capital ratio of 12.14%, a return on assets of 1.75%, a nonperforming-loan ratio of 2.03% and a Texas ratio of 16.03%. The figures come from its call report filed with the FFIEC.
Glenwood State Bank (Incorporated) ranks as the 45th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.7% to $545.2M, loans fell 0.1% and deposits fell 0.7%. 1-4 family residential loans made up 24.4% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 16.9%. The FDIC Summary of Deposits lists 3 offices for it, in Glenwood, MN, Alexandria, MN and Villard, MN; its Glenwood office books 54% of its branch deposits. Judged on its Q2 2026 call report, Glenwood State Bank (Incorporated) meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 5 E Minnesota Ave, Glenwood, MN 56334
- County
- Pope
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- May 9, 1907
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 72
- Domestic deposits
- $469.4M
- Allowance for credit losses
- $5.9M
- Net charge-offs (YTD)
- -$64K
- Average total assets
- $547.8M
- Average total loans
- $489.9M
- Average interest-bearing deposits
- $390.6M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8853
- Fed RSSD
- 975854
- Website
- www.glenwoodstate.bank →
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Glenwood State Bank (Incorporated)'s total assets moved between a low of $530.6M (Q1 2024) and a high of $565.8M (Q4 2025) from Q3 2023 to Q2 2026, 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
$545.2M total assets against $545.5M; $489.0M total liabilities against $494.4M.
$484.1M net loans and leases against $501.6M; $469.4M total deposits against $474.9M.
$3.2M securities against $4.4M; $39.8M cash and balances due against $21.8M.
$8.1M total interest income against $8.0M; $2.9M total interest expense against $3.2M.
$5.2M net interest income against $4.8M.
$482K total noninterest income against $480K; $3.3M total noninterest expense against $3.0M.
$0 provision for credit losses against $83K.
$2.4M net income against $2.2M.
1.75% return on assets against 1.63%; 3.95% net interest margin against 3.67%.
12.14% CET1 capital ratio against 10.58%; 10.28% tier 1 leverage ratio against 9.50%.
Inside the full Glenwood State Bank (Incorporated) terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Glenwood State Bank (Incorporated) rankings
Its closest position to the top of a national ranking is 267 of 3,640, for Texas Ratio; its furthest is 1,658 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.88% (Q3 2024) to 1.76% (Q4 2025) and its net interest margin ran from 3.33% (Q4 2024) to 3.95% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.14% | 1.75% | 2.03% | 16.03% | 3.95% |
| Q1 2026 | 12.12% | 1.69% | 1.58% | 12.49% | 3.89% |
| Q4 2025 | 10.93% | 1.76% | 1.36% | 11.47% | 3.94% |
| Q3 2025 | 10.93% | 1.63% | 1.65% | 14.41% | 3.80% |
| Q2 2025 | 10.58% | 1.63% | 1.42% | 12.65% | 3.67% |
| Q1 2025 | 10.35% | 1.23% | 1.42% | 12.56% | 3.39% |
| Q4 2024 | 10.19% | 1.08% | 1.17% | 10.78% | 3.33% |
| Q3 2024 | 9.65% | 0.88% | 1.62% | 15.55% | 3.39% |
Swipe the table sideways to see every column.
Branch Network
View all 3 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 |
|---|---|---|---|
| Glenwood State Bank (Incorporated) (main office) | Glenwood , MN | 56334 | $252.7M |
| Alexandria Branch | Alexandria , MN | 56308 | $206.7M |
| Detached Facility | Villard , MN | 56385 | $10.1M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MN, rank 65 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $4.4M approved, $4.4M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 Glenwood State Bank (Incorporated)
What are Glenwood State Bank (Incorporated)'s total assets?
As of the Q2 2026 filing, Glenwood State Bank (Incorporated) reported total assets of $545.2 million in its FFIEC call report.
Where is Glenwood State Bank (Incorporated) headquartered?
It is headquartered in Glenwood, MN, United States.
When was Glenwood State Bank (Incorporated) founded?
It was established in 1907, per the FDIC institution directory.
Is Glenwood State Bank (Incorporated) FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8853). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Glenwood State Bank (Incorporated)?
Glenwood State Bank (Incorporated)'s primary federal regulator is the FDIC.
What is Glenwood State Bank (Incorporated)'s CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.14% in its Q2 2026 call report, above regulatory requirements.
How many branches does Glenwood State Bank (Incorporated) operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Glenwood State Bank (Incorporated)'s Texas Ratio?
Its Texas Ratio is 16.03% 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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