Glenwood State Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The Glenwood State Bank received its charter on May 7, 1907, and the original ledger shows deposits at the end of the first day of business on May 11, 1907, as $2,986.01. Over the many years of its existence the Bank has had just seven presidents. Now, Glenwood State Bank has 12 current employees who have each worked here over a decade already.

Glenwood State Bank offers Personal and Business checking, Commercial and Real estate loans, Savings, CD's, IRA's. The bank have reached over $200 million in assets.

Glenwood
5 East Minnesota Avenue
P.O. Box 197
Glenwood, MN 56334
Phone: 320-634-5111
Toll Free: 1-800-207-7333
Fax: 320-634-5114

Lobby
Monday-Thursday: 9:00 AM - 3:00 PM
Friday: 9:00 AM - 6:00 PM
Saturday & Sunday: Closed

Drive-Up
Monday-Thursday: 8:00 AM - 5:30 PM
Friday: 8:00 AM - 6:00 PM
Saturday: 8:30 AM - 11:30 AM
Sunday: Closed

Walk -Up
Thursday: 3:00 PM - 4:30 PM
Saturday: 8:30 AM - 11:30 AM
Sunday: Closed

Villard
440 Washington Avenue
P.O. Box 143
Villard, MN 56385
Phone: 320-554-3021

Lobby
Monday-Thursday: 9:00 AM - 3:00 PM
Friday: 9:00 AM - 6:00 PM
Saturday & Sunday: Closed

Drive-Up
Monday-Thursday: 8:00 AM - 3:00 PM
Friday: 8:00 AM - 6:00 PM
Saturday & Sunday: Closed