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Overview / Commentary
561-615-5000
2055 Palm Beach Lakes Boulevard
West Palm Beach, FL 33409

Grand Bank & Trust of Florida is headquartered in West Palm Beach and is the 114st largest bank in the state of Florida. It is also the 2,864th largest bank in the nation. It was established in 1999 and as of December of 2013, it had grown to 46 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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Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
C

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, 2013 Grand Bank & Trust of Florida had $9.82 million in non-current loans and owned real-estate with $24.03 million in equity and loan loss allowances on hand to cover it. This gives Grand Bank & Trust of Florida a Texas Ratio of 40.86% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Grand Bank & Trust of Florida decreased dramatically from 77.65% as of December 31, 2012 to 40.86% as of December 31, 2013, resulting in a positive change of 47.38%.This indicates that the balance sheet and financial strength for Grand Bank & Trust of Florida has improved dramatically in recent periods.

Deposit Growth

GRADE:
F

In the past year, Grand Bank & Trust of Florida has decreased its total deposits by -$31.89 million, resulting in -14.21% 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 poor.

Capitalization

GRADE:
A

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 $215.83 million in assets with $24.03 million in equity, resulting in a capitalization level of 11.13%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #34776
Year Established1999
Employees46
Primary RegulatorFDIC
Assets and Liabilities
Assets$215.83 million
Loans$129.38 million
Deposits$192.54 million
Equity Capital$19.75 million
Loan Loss Allowance$4.28 million
Unbacked Noncurrent Loans$1.65 million
Real Estate Owned$8.17 million
Historic Data - December 2012
Assets$255.71 million
Equity Capital$16.68 million
Loan Loss Allowance$5.11 million
Unbacked Noncurrent Loans$1.65 million
Real Estate Owned$7.42 million
Profit Margin - Quarterly
Net Interest Margin3.59%
Return on Assets0.51%
Return on Equity6.38%
Interest Income$8.58 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Grand Bank & Trust of Florida, we are a rate comparison website and can not provide official rates or promotions.

Grand Bank & Trust of Florida Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$1m-Business Savings Account
0.05%$500-Personal Savings Account
0.05%--Grand - Kids Savings Account

Grand Bank & Trust of Florida Money Market Rates

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

Grand Bank & Trust of Florida Checking Account Rates

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

Grand Bank & Trust of Florida CD Rates

DetailsAPYMINMAXPRODUCT
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

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


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