Grand Savings Bank

Grand Savings Bank is headquartered in Grove and is the 52^nd largest bank in the state of Oklahoma. It is also the 2,694^th largest bank in the nation. It was established in 1981 and as of March of 2012, it had grown to 68 employees at 2 locations. Grand Savings Bank has a 3-star health rating.

Grand Savings Bank Checking Account Rates

Data for Q1 2012

Institution Statistics Grand Savings Bank FDIC Certificate # 32084 BankRate Report View Year Established 1981 Employees 68 Primary Regulator FDIC Assets and Liabilities Assets $238.44 million Loans $182.26 million Deposits $204.33 million Equity Capital $22.19 million Loan Loss Allowance $3.66 million Unbacked Noncurrent Loans $3.76 million Real Estate Owned $1.20 million Historic Data - March 2011 Assets $232.93 million Equity Capital $21.38 million Loan Loss Allowance $2.67 million Unbacked Noncurrent Loans $1.63 million Real Estate Owned $1.58 million Profit Margin - Quarterly Net Interest Margin 4.6% Return on Assets 1.62% Return on Equity 17.51% Interest Income $3.08 million

Institution Health Overall Score: 3 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 Savings Bank had $4.96 million in non-current loans and owned real-estate with $25.84 million in equity and loan loss allowances on hand to cover it. This gives Grand Savings Bank a Texas Ratio of 19.19% 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 Savings Bank increased slightly from 13.34% as of March 31, 2011 to 19.19% as of March 31, 2012, resulting in a negative change of 43.82%. This indicates that the balance sheet and financial strength for Grand Savings Bank has declined slightly in recent periods. Deposit Growth In the past year, Grand Savings Bank has increased its total deposits by $5.85 million, resulting in 2.95% 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 Savings Bank has shown is above average. 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 Savings Bank has $238.44 million in assets with $25.84 million in equity, resulting in a capitalization level of 10.84%, which is above average.

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