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Overview / Commentary
2055 Palm Beach Lakes Boulevard
West Palm Beach, FL 33409

Grand Bank & Trust of Florida is headquartered in West Palm Beach and is the 109th largest bank in the state of Florida. It is also the 2,812st largest bank in the nation. It was established in 1999 and as of March of 2014, it had grown to 45 employees at 4 locations. Grand Bank & Trust of Florida's money market rates are 59% higher than the national average, and it has a C+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Grand Bank & Trust of Florida had $9.15 million in non-current loans and owned real-estate with $23.9 million in equity and loan loss allowances on hand to cover it. This gives Grand Bank & Trust of Florida a Texas Ratio of 38.26% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Grand Bank & Trust of Florida decreased dramatically from 75.14% as of March 31, 2013 to 38.26% as of March 31, 2014, resulting in a positive change of 49.08%.This indicates that the balance sheet and financial strength for Grand Bank & Trust of Florida has improved dramatically in recent periods.

Deposit Growth


In the past year, Grand Bank & Trust of Florida has decreased its total deposits by -$13.78 million, resulting in -6.48% 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 Grand Bank & Trust of Florida has shown is below average.



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. Grand Bank & Trust of Florida has $222.45 million in assets with $23.9 million in equity, resulting in a capitalization level of 10.75%, which is above average.

Institution Statistics

FDIC Certificate #34776
Year Established1999
Primary RegulatorFDIC
Assets and Liabilities
Assets$222.45 million
Loans$128.61 million
Deposits$198.79 million
Equity Capital$20.48 million
Loan Loss Allowance$3.42 million
Unbacked Noncurrent Loans$1.28 million
Real Estate Owned$7.87 million
Historic Data - March 2013
Assets$246.97 million
Equity Capital$16.90 million
Loan Loss Allowance$4.90 million
Unbacked Noncurrent Loans$1.28 million
Real Estate Owned$7.01 million
Profit Margin - Quarterly
Net Interest Margin3.48%
Return on Assets0.92%
Return on Equity10.02%
Interest Income$1.88 million

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Grand Bank & Trust of Florida Savings Account Rates

0.05%$500-Personal Savings Account
0.05%--Grand - Kids Savings Account

Grand Bank & Trust of Florida Money Market Rates

0.70%$1m-Business Money Market Account
0.70%$1m-Personal Money Market

Grand Bank & Trust of Florida Checking Account Rates

0.30%$100k-Grand Interest Checking Account
0.05%$5k-50 + Interest Checking Account

Grand Bank & Trust of Florida CD Rates

1.00%$2,500-Business 48 Month CD
1.00%$2,500-Business 60 Month CD
1.00%$1k-Personal 48 Month CD
1.00%$1k-Personal 60 Month CD
0.90%$2,500-Business 24 Month CD
0.90%$2,500-Business 30 Month CD
0.90%$2,500-Business 36 Month CD
0.90%$1k-Personal 24 Month CD
0.90%$1k-Personal 30 Month CD
0.90%$1k-Personal 36 Month CD
0.75%$2,500-Business 18 Month CD
0.75%$1k-Personal 18 Month CD
0.65%$2,500-Business 12 Month CD
0.65%$1k-Personal 12 Month CD
0.55%$2,500-Business 9 Month CD
0.55%$1k-Personal 9 Month CD
0.45%$2,500-Business 6 Month CD
0.45%$1k-Personal 6 Month CD
0.25%$2,500-Business 3 Month CD
0.25%$1k-Personal 3 Month CD

Grand Bank & Trust of Florida IRA Rates

0.90%-$3k24 Month IRA
0.65%-$3k12 Month IRA

Grand Bank & Trust of Florida Locations
Lantana Branch2000 Lantana RoadLantana, FL 33462
Grand Bank & Trust Of Florida2055 Palm Beach Lakes BoulevardWest Palm Beach, FL 33409
Pga Branch3601 Pga BoulevardPalm Beach Gardens, FL 33410