Bank of Grove

Bank of Grove is headquartered in Grove and is the 140^th largest bank in the state of Oklahoma. It is also the 5,191^st largest bank in the nation. It was established in 2005 and as of December of 2011, it had grown to 18 employees at 1 location. Bank of Grove has a 5-star health rating.

Bank of Grove Routing Number: 103189682

Data for Q4 2011

Institution Statistics Bank of Grove FDIC Certificate # 57915 BankRate Report View Year Established 2005 Employees 18 Primary Regulator FDIC Assets and Liabilities Assets $90.69 million Loans $74.84 million Deposits $66.78 million Equity Capital $6.76 million Loan Loss Allowance $810,000 Unbacked Noncurrent Loans $327,000 Real Estate Owned $200,000 Historic Data - December 2010 Assets $91.99 million Equity Capital $6.53 million Loan Loss Allowance $803,000 Unbacked Noncurrent Loans $45,000 Profit Margin - Quarterly Net Interest Margin 4.02% Return on Assets 0.79% Return on Equity 10.58% Interest Income $4.75 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Bank of Grove had $527,000 in non-current loans and owned real-estate with $7.57 million in equity and loan loss allowances on hand to cover it. This gives Bank of Grove a Texas Ratio of 6.96% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank of Grove increased slightly from 0.61% as of December 31, 2010 to 6.96% as of December 31, 2011, resulting in a negative change of 1,034.30%. This indicates that the balance sheet and financial strength for Bank of Grove has declined slightly in recent periods. Deposit Growth In the past year, Bank of Grove has increased its total deposits by $6.48 million, resulting in 10.75% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Grove has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Grove has $90.69 million in assets with $7.57 million in equity, resulting in a capitalization level of 8.35%, which is average.

No reviews have been left for this bank yet. Be the first to review.