Grant County State Bank (Carson, ND)
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Data as of · sourced from FFIEC call reports. How we update
Grant County State Bank is an FDIC-insured commercial bank headquartered in Carson, ND, established in 1913 (FDIC certificate 9417), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $46.7M, up 7.0% from Q2 2025, the 58th largest of 60 banks headquartered in North Dakota. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.90% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 9417
- Headquarters
- Carson, ND
- Established
- 1913
- Total assets, Q2 2026
- $46.7M
- Assets vs Q2 2025
- +7.0%
- Tier 1 leverage ratio, Q2 2026
- 13.90%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091308300
- Holding company
- GRANT COUNTY BANCORPORATION, INC.
- Asset rank in state
- 58th of 60 in North Dakota
Grant County State Bank, based in Carson, North Dakota, reported $47 million in assets at June 30, 2026, up 7.0% from a year earlier. It carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median 1.4%). It also grew its loan book 14.9% over the year, 5.8 times the median of 2.6% for banks its size.
Net income for the quarter slipped 19% from a year earlier, to $214,000. Over the same year, loans grew 14.9% and deposits grew 7.9%.
As of June 30, 2026, Grant County State Bank reported a return on assets of 1.81%, 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.
By total assets at Q2 2026, Grant County State Bank is the 58th largest of the 60 banks headquartered in North Dakota. From Q1 2026 to Q2 2026, its total assets fell 2.0% to $46.7M, loans rose 18.1% and deposits fell 2.5%. Agricultural production loans made up 54.4% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 41.3%. The FDIC Summary of Deposits lists 2 offices for it, in Carson, ND and Flasher, ND; its Carson office books 67% of its branch deposits. On its Q2 2026 call report, Grant County State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 202 N Main St, Carson, ND 58529
- County
- Grant
- 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
- August 29, 1913
- Former names
- First Southwest Bank - Carson (1983-1985)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 6
- Domestic deposits
- $40.1M
- Allowance for credit losses
- $226K
- Net charge-offs (YTD)
- $0
- Average total assets
- $47.2M
- Average total loans
- $24.9M
- Average interest-bearing deposits
- $30.2M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9417
- Fed RSSD
- 983158
- Website
- www.grantcountystatebank.com →
- Parent Holding Company
- GRANT COUNTY BANCORPORATION, INC. (RSSD 1136371)
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, Grant County State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Grant County State Bank's total assets ran between $40.8M (Q3 2023) and $47.6M (Q1 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
$46.7M total assets against $43.6M; $40.1M total liabilities against $37.2M.
$27.2M net loans and leases against $23.7M; $40.1M total deposits against $37.1M.
$0 securities against $0; $18.6M cash and balances due against $19.1M.
$633K total interest income against $660K; $144K total interest expense against $140K.
$489K net interest income against $520K.
$10K total noninterest income against $11K; $285K total noninterest expense against $267K.
No provision recorded in the last 12 quarters.
$214K net income against $264K.
1.81% return on assets against 2.33%; 4.27% net interest margin against 4.74%.
13.90% tier 1 leverage ratio against 14.29%.
Inside the full Grant County State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.04% (Q4 2025) to 3.35% (Q3 2024) and its net interest margin ran from 3.90% (Q1 2026) to 6.14% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.90% | 1.81% | 0.00% | 0.00% | 4.27% |
| Q1 2026 | 13.69% | 1.25% | 0.00% | 0.00% | 3.90% |
| Q4 2025 | 13.81% | 1.04% | 0.00% | 0.00% | 4.66% |
| Q3 2025 | 14.75% | 2.18% | 0.00% | 0.00% | 5.04% |
| Q2 2025 | 14.29% | 2.33% | 0.00% | 0.00% | 4.74% |
| Q1 2025 | 14.55% | 2.04% | 0.00% | 0.00% | 4.63% |
| Q4 2024 | 14.44% | 2.41% | 0.00% | 0.00% | 5.74% |
| Q3 2024 | 16.17% | 3.35% | 0.00% | 0.00% | 6.14% |
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 |
|---|---|---|---|
| Grant County State Bank (main office) | Carson , ND | 58529 | $26.8M |
| Paying and Receiving Branch | Flasher , ND | 58535 | $13.2M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in ND, rank 66 of 70 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $65K approved, $65K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1999 (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 Grant County State Bank
What are Grant County State Bank's total assets?
As of the Q2 2026 filing, Grant County State Bank reported total assets of $46.7 million in its FFIEC call report.
Where is Grant County State Bank headquartered?
It is headquartered in Carson, ND, United States.
When was Grant County State Bank founded?
It was established in 1913, per the FDIC institution directory.
Is Grant County State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9417). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Grant County State Bank?
Grant County State Bank's primary federal regulator is the FDIC.
How many branches does Grant County State Bank 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 Grant County State Bank'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.
What was Grant County State Bank previously called?
The charter now named Grant County State Bank has also operated as First Southwest Bank - Carson (1983-1985), per FDIC structure-change records.
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