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Overview / Commentary
1022 South Main Street
Grove , OK 74344

Grand Savings Bank is headquartered in Grove and is the 71st largest bank in the state of Oklahoma. It is also the 2,873rd largest bank in the nation. It was established in 1981 and as of December of 2013, it had grown to 69 employees at 3 locations. Grand Savings Bank has a B health rating.

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Data for Q4 2013

Institution Health


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, 2013 Grand Savings Bank had $3.06 million in non-current loans and owned real-estate with $24.75 million in equity and loan loss allowances on hand to cover it. This gives Grand Savings Bank a Texas Ratio of 12.36% which is above 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 5.69% as of December 31, 2012 to 12.36% as of December 31, 2013, resulting in a negative change of 117.21%. 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 decreased its total deposits by -$2.88 million, resulting in -1.55% 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 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 Savings Bank has $215.33 million in assets with $24.75 million in equity, resulting in a capitalization level of 11.49%, which is excellent.

Institution Statistics

FDIC Certificate #32084
Year Established1981
Primary RegulatorFDIC
Assets and Liabilities
Assets$215.33 million
Loans$167.87 million
Deposits$182.85 million
Equity Capital$24.41 million
Loan Loss Allowance$341,000
Unbacked Noncurrent Loans$1.94 million
Real Estate Owned$1.13 million
Historic Data - December 2012
Assets$219.01 million
Equity Capital$22.08 million
Loan Loss Allowance$264,000
Unbacked Noncurrent Loans$1.94 million
Real Estate Owned$798,000
Profit Margin - Quarterly
Net Interest Margin3.13%
Return on Assets1.2%
Return on Equity11.59%
Interest Income$7.76 million

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Grand Savings Bank Locations
Grand Savings Bank1022 South Main StreetGrove, OK 74344
Jay Branch1222 North Main StreetJay, OK 74346