We will be CLOSED Monday, October 13, 2025 in observance of Columbus Day & Indigenous Peoples’ Day.
Any transactions after closing Friday, October 10, 2025 will post to your account on Tuesday, October 14, 2025.
*This affects all wires & ACH transactions.
Amortization
Over a specified period of time, this is the gradual elimination of a debt achieved through regular payments (sufficient enough to cover both the principal and the interest).
Balloon Loan
A type of loan that does not fully amortize its term. Therefore, a balloon payment is required at the end of the term to repay the loan’s remaining principal balance.
Borrowing Power
The amount an individual or organization can borrow. This is calculated using income/revenue, expenses and other debt obligations.
Capital Expenditures
Money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.
Line of Credit
A loan that allows the borrower to withdraw money from an account up to a specified limit.
Principal
The amount of money that the loan applicant requests to borrow.
We want to make banking easy for you with 24/7 access to your accounts and convenient access to services. Have 24/7 access to all of the following without having to step foot in the bank:
You are accessing a printable version of our Electronic Funds Transfer.
You are accessing a printable version of Grinnell State Bank’s Online Banking Terms and Conditions. There are hyperlinks appearing within the document to access additional bank policy information referenced by the link. The links are for reference only, please contact the bank directly to request a copy of the referenced information.
