Grand Rivers Community Bank

Grand Rivers Community Bank is headquartered in Grand Chain and is the 556^th largest bank in the state of Illinois. It is also the 7,172^nd largest bank in the nation. It was established in 1902 and as of March of 2012, it had grown to 11 employees at 2 locations. Grand Rivers Community Bank has a 5-star health rating.

Grand Rivers Community Bank Routing Number: 081213269

Data for Q1 2012

Institution Statistics Grand Rivers Community Bank FDIC Certificate # 10816 BankRate Report View Year Established 1902 Employees 11 Primary Regulator FDIC Assets and Liabilities Assets $19.26 million Loans $13.06 million Deposits $17.23 million Equity Capital $1.99 million Loan Loss Allowance $148,000 Unbacked Noncurrent Loans $4,000 Real Estate Owned $129,000 Historic Data - March 2011 Assets $16.66 million Equity Capital $1.33 million Loan Loss Allowance $264,000 Unbacked Noncurrent Loans $113,000 Real Estate Owned $128,000 Profit Margin - Quarterly Net Interest Margin 5.22% Return on Assets 0.37% Return on Equity 3.94% Interest Income $267,000

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 March 31, 2012 Grand Rivers Community Bank had $133,000 in non-current loans and owned real-estate with $2.13 million in equity and loan loss allowances on hand to cover it. This gives Grand Rivers Community Bank a Texas Ratio of 6.23% 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 Grand Rivers Community Bank decreased significantly from 15.11% as of March 31, 2011 to 6.23% as of March 31, 2012, resulting in a positive change of 58.75%.This indicates that the balance sheet and financial strength for Grand Rivers Community Bank has improved significantly in recent periods. Deposit Growth In the past year, Grand Rivers Community Bank has increased its total deposits by $1.94 million, resulting in 12.7% 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 Rivers Community Bank 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. Grand Rivers Community Bank has $19.26 million in assets with $2.13 million in equity, resulting in a capitalization level of 11.08%, which is above average.

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