Community Reinvestment Act (CRA)

Home / Community Reinvestment Act (CRA)

The Community Reinvestment Act (CRA) was enacted in 1977 to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods. Grinnell State Bank is proud to serve all customers in our local communities.

ABOUT US

Learn more about Grinnell State Bank’s history here.

LOCATIONS & HOURS

Grinnell | Census Tract #3704 | Established 1925

Marengo | Census Tract #9902 | Established 1996

Johnston | Census Tract #0117.02 | Established 2011

Polk City | Census Tract #0115 | Established 2011

Visit our Locations & Hours page to learn more about the operating hours & ATMs available at each branch. All Grinnell State Bank ATMs accept deposits & withdrawals and are Shazam Privileged Status machines.

PRODUCTS & SERVICES

Learn more about our Business products & services here.

Learn more about our Personal products & services here.

Learn more about all of our Online & Mobile services here.

WRITTEN COMMENTS RECEIVED BY THE PUBLIC

We have not received any CRA related comments from the public. In the event any comments are received, they will be available here for public view.

2024:
- 3/31/2024 – No written comments were submitted
- 6/30/2024 – No written comments were submitted
2023 – No written comments were submitted
2022 – No written comments were submitted

PUBLIC DISCLOSURE - CRA PERFORMANCE EVALUTATION

To view our performance evaluation, click here.

HMDA DISCLOSURE

The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials.

These data are available online at the Consumer Financial Protection Bureau’s website (www.consumerfinance.gov/hmda).

HMDA data for many other financial institutions are also available at this website.

In addition, you may inquire at this office regarding the locations where HMDA data may be inspected.

To request a copy of these data, send a written request to:

Grinnell State Bank

P.O. Box 744

Grinnell, IA 50112

OUR CRA ASSESSMENT AREA

View our Grinnell & Marengo assessment map here or see below for the census tract listing.

GRINNELL STATE BANK – GRINNELL/MARENGO ASSESSMENT AREA
State	County Name	Census Tract	Minority Tract	Tract Income Category	Income Designation
IA	Benton	9606	<10%	80%-120%	Middle
IA	Benton	9607	<10%	50%-80%	Moderate
IA	Jasper	401	<10%	80%-120%	Middle
IA	Jasper	403	10% – <20%	50%-80%	Moderate
IA	Jasper	404	10% – <20%	50%-80%	Moderate
IA	Jasper	405	10% – <20%	50%-80%	Moderate
IA	Jasper	406	10% – <20%	50%-80%	Moderate
IA	Jasper	409	<10%	80%-120%	Middle
IA	Iowa	9601	<10%	>120%	Upper
IA	Iowa	9602	<10%	80%-120%	Middle
IA	Iowa	9603	<10%	80%-120%	Middle
IA	Iowa	9604	<10%	80%-120%	Middle
IA	Marshall	9504	<10%	80%-120%	Middle
IA	Poweshiek	3701	<10%	80%-120%	Middle
IA	Poweshiek	3702	<10%	80%-120%	Middle
IA	Poweshiek	3703	10% – <20%	>120%	Upper
IA	Poweshiek	3704	10% – <20%	80%-120%	Middle
IA	Poweshiek	3705	<10%	80%-120%	Middle

View our Johnston & Polk City assessment map here or see below for the census tract listing.

GRINNELL STATE BANK – POLK COUNTY ASSESSMENT AREA
State	County Name	Census Tract	Minority Tract	Tract Income Catg	Income Designation
IA	Polk	7.02	20% – <50%	80%-120%	Middle
IA	Polk	7.04	20% – <50%	80%-120%	Middle
IA	Polk	8.01	20% – <50%	80%-120%	Middle
IA	Polk	102.05	10% – <20%	>120%	Upper
IA	Polk	102.07	10% – <20%	>120%	Upper
IA	Polk	102.08	10% – <20%	80%-120%	Middle
IA	Polk	102.09	10% – <20%	80%-120%	Middle
IA	Polk	102.11	10% – <20%	80%-120%	Middle
IA	Polk	102.12	10% – <20%	80%-120%	Middle
IA	Polk	102.13	<10%	80%-120%	Middle
IA	Polk	102.14	10% – <20%	80%-120%	Middle
IA	Polk	102.15	<10%	>120%	Upper
IA	Polk	102.16	10% – <20%	80%-120%	Middle
IA	Polk	104.04	10% – <20%	80%-120%	Middle
IA	Polk	104.06	20% – <50%	80%-120%	Middle
IA	Polk	104.07	10% – <20%	>120%	Upper
IA	Polk	104.08	20% – <50%	80%-120%	Middle
IA	Polk	104.09	20% – <50%	80%-120%	Middle
IA	Polk	104.1	20% – <50%	80%-120%	Middle
IA	Polk	104.11	20% – <50%	80%-120%	Middle
IA	Polk	105	10% – <20%	50%-80%	Moderate
IA	Polk	110.01	20% – <50%	50%-80%	Moderate
IA	Polk	110.21	10% – <20%	80%-120%	Middle
IA	Polk	110.25	10% – <20%	>120%	Upper
IA	Polk	110.26	10% – <20%	>120%	Upper
IA	Polk	110.27	20% – <50%	80%-120%	Middle
IA	Polk	110.28	20% – <50%	>120%	Upper
IA	Polk	111.11	20% – <50%	50%-80%	Moderate
IA	Polk	111.12	20% – <50%	80%-120%	Middle
IA	Polk	111.13	20% – <50%	80%-120%	Middle
IA	Polk	111.14	20% – <50%	NA	NA
IA	Polk	112.01	20% – <50%	80%-120%	Middle
IA	Polk	112.03	10% – <20%	>120%	Upper
IA	Polk	112.05	50% – <80%	80%-120%	Middle
IA	Polk	112.06	10% – <20%	>120%	Upper
IA	Polk	113.01	<10%	>120%	Upper
IA	Polk	113.02	10% – <20%	80%-120%	Middle
IA	Polk	113.03	10% – <20%	80%-120%	Middle
IA	Polk	113.04	10% – <20%	>120%	Upper
IA	Polk	113.05	20% – <50%	80%-120%	Middle
IA	Polk	114.05	10% – <20%	>120%	Upper
IA	Polk	114.06	10% – <20%	80%-120%	Middle
IA	Polk	115	<10%	>120%	Upper
IA	Polk	117.02	10% – <20%	80%-120%	Middle
IA	Polk	117.03	10% – <20%	>120%	Upper
IA	Polk	117.04	10% – <20%	>120%	Upper

LOAN-TO-DEPOSIT RATIO

Grinnell State Bank’s Loan to Deposit Ratio – Updated Quarterly

2024 Ratios

03/31/2024 | 95.96%
06/30/2024 | 104.67%
09/30/2024 | 108.80%

2023 Ratios

03/31/2023 | 90.80%
06/30/2023 | 88.69%
09/30/2023 | 90.72%
12/31/2023 | 90.18%

You’re not just an account number to us. When you stop in, we’ll know your name, and we’ll learn your individual preferences to connect you with accounts, insurance, and wealth management options that make sense for you. We know some people prefer to take care of everything online, which is why we built every available feature in our mobile banking app. If you ever have questions about online banking, a real person will pick up the phone. Mixing new technology with old-fashioned customer service has earned us excellent reviews, and more importantly, it’s made banking easy for our customers.

CONTACT US

You are advised to not include sensitive or confidential information (i.e. Social Security #, account #’s or pass code ID information etc.) within any “unencrypted” email communication. Please be advised that contact forms are received during normal business hours. If you have not received a response within 48 hours, please call the bank at 800-236-3187.

Name(Required)

First Last

Email(Required)

Phone

How can we help?(Required)

CAPTCHA

100% Privacy Guaranteed. We will never sell your info.

Name

This field is for validation purposes and should be left unchanged.

You’ve worked hard to build your business. We’ll help protect it.

Community Reinvestment Act (CRA)

CONTACT US

Our Locations

24/7 Telebanking

Routing Number

DOWNLOAD OUR APP

BENEFITS OF YOUR ACCOUNT

Bringing the Bank to you

You’ve worked hard to build your business. We’ll help protect it.

Community Reinvestment Act (CRA)

CONTACT US

Our Locations

24/7 Telebanking

Routing Number

DOWNLOAD OUR APP

You are now leaving Grinnell State Bank

BENEFITS OF YOUR ACCOUNT

Bringing the Bank to you

For a printable version of Reg E:

For a printable version of our Online Terms and Conditions: