Grove Bank
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Data as of · sourced from FFIEC call reports. How we update
Grove Bank is an FDIC-insured commercial bank headquartered in Grove City, MN, established in 1907 (FDIC certificate 8857), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $56.4M, down 1.4% from Q2 2025, the 201st largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 12.08% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8857
- Headquarters
- Grove City, MN
- Established
- 1907
- Total assets, Q2 2026
- $56.4M
- Assets vs Q2 2025
- -1.4%
- CET1 ratio, Q2 2026
- 12.08%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 091905813
- Latest call report
- Q2 2026, FFIEC 051 · Grove Bank call report
- Holding company
- GROVE BANCORP, INC.
- Asset rank in state
- 201st of 221 in Minnesota
Grove Bank operates with a thinner capital cushion than most banks of its size. The Grove City, Minnesota bank had $56 million in assets at June 30, 2026, down 1.4% from a year earlier. It holds common equity equal to 12.08% of its risk-weighted assets, about half the median of 22.08% for the 583 banks with less than $100 million in assets. On the other hand, it keeps 4.96 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.87 cents).
Loans and deposits moved in opposite directions: over the year loans rose 14.0% and deposits fell 0.9%. Its $13 million commercial and industrial book is improving, with 0.16% past due or on nonaccrual, down from 0.91% a year earlier. Costs are the weak spot: it spends about 90 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 69 cents).
As of June 30, 2026, Grove Bank reported a CET1 capital ratio of 12.08%, a return on assets of 0.36%, a nonperforming-loan ratio of 0.11% and a Texas ratio of 0.79%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Grove Bank is the 201st largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 3.1% to $56.4M, loans rose 11.9% and deposits rose 2.4%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 48.3% of total loans, followed by commercial and industrial loans at 30.5%. Its one office in the FDIC Summary of Deposits is in Grove City, MN. Judged on its Q2 2026 call report, Grove Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 110 Atlantic Ave W, Grove City, MN 56243
- County
- Meeker
- 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
- December 7, 1907
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 16
- Domestic deposits
- $45.4M
- Allowance for credit losses
- $382K
- Net charge-offs (YTD)
- $0
- Average total assets
- $55.8M
- Average total loans
- $38.3M
- Average interest-bearing deposits
- $42.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8857
- Fed RSSD
- 79257
- Website
- http://www.grovebancorp.com →
- Parent Holding Company
- GROVE BANCORP, INC. (RSSD 5381601)
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
Over the 12 quarters to Q2 2026, Grove Bank's total assets ran between $45.5M (Q3 2023) and $59.0M (Q1 2025), and it earned a profit in 7 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$56.4M total assets against $57.2M; $49.4M total liabilities against $50.5M.
$41.0M net loans and leases against $35.9M; $45.4M total deposits against $45.8M.
$11.8M securities against $12.1M; $926K cash and balances due against $6.3M.
$925K total interest income against $897K; $277K total interest expense against $308K.
$648K net interest income against $589K.
$16K total noninterest income against $14K; $617K total noninterest expense against $725K.
$4K provision for credit losses against $23K.
$50K net income against -$102K.
0.36% return on assets against -0.71%; 4.96% net interest margin against 4.35%.
12.08% CET1 capital ratio against 12.43%; 9.95% tier 1 leverage ratio against 8.59%.
Inside the full Grove Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeQuarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.71% (Q2 2025) to 0.36% (Q2 2026) and its net interest margin ran from 3.74% (Q1 2025) to 4.96% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.08% | 0.36% | 0.11% | 0.79% | 4.96% |
| Q1 2026 | 13.12% | 0.06% | 0.24% | 1.59% | 4.22% |
| Q4 2025 | 13.44% | 0.27% | 0.23% | 1.40% | 4.28% |
| Q3 2025 | 13.74% | 0.06% | 0.28% | 1.73% | 3.94% |
| Q2 2025 | 12.43% | -0.71% | 0.20% | 1.36% | 4.35% |
| Q1 2025 | 9.43% | -0.25% | 0.40% | 2.55% | 3.74% |
| Q4 2024 | 10.66% | -0.23% | 0.44% | 2.84% | 3.85% |
| Q3 2024 | 15.74% | -0.11% | 0.39% | 2.42% | 3.89% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 |
|---|---|---|---|
| Grove Bank (main office) | Grove City , MN | 56243 | $45.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 247 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $300K approved, $300K 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 Grove Bank
What are Grove Bank's total assets?
As of the Q2 2026 filing, Grove Bank reported total assets of $56.4 million in its FFIEC call report.
Where is Grove Bank headquartered?
It is headquartered in Grove City, MN, United States.
When was Grove Bank founded?
It was established in 1907, per the FDIC institution directory.
Is Grove Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8857). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Grove Bank?
Grove Bank's primary federal regulator is the FDIC.
What is Grove Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.08% in its Q2 2026 call report, above regulatory requirements.
How many branches does Grove Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Grove Bank's Texas Ratio?
Its Texas Ratio is 0.79% 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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