Grundy National Bank

Grundy National Bank is headquartered in Grundy and is the 55^th largest bank in the state of Virginia. It is also the 1,882^nd largest bank in the nation. It was established in 1964 and as of March of 2012, it had grown to 87 employees at 8 locations. Grundy National Bank has a 5-star health rating.

Grundy National Bank Routing Number: 051401153

Data for Q1 2012

Institution Statistics Grundy National Bank FDIC Certificate # 19011 BankRate Report View Year Established 1964 Employees 87 Primary Regulator OCC Assets and Liabilities Assets $350.32 million Loans $160.03 million Deposits $285.13 million Equity Capital $64.05 million Loan Loss Allowance $3.87 million Unbacked Noncurrent Loans $1.44 million Real Estate Owned $1.71 million Historic Data - March 2011 Assets $355.63 million Equity Capital $58.98 million Loan Loss Allowance $2.83 million Unbacked Noncurrent Loans $1.83 million Real Estate Owned $2.61 million Profit Margin - Quarterly Net Interest Margin 3.62% Return on Assets 1.07% Return on Equity 5.89% Interest Income $3.48 million

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 Grundy National Bank had $3.15 million in non-current loans and owned real-estate with $67.93 million in equity and loan loss allowances on hand to cover it. This gives Grundy National Bank a Texas Ratio of 4.64% 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 Grundy National Bank decreased slightly from 7.18% as of March 31, 2011 to 4.64% as of March 31, 2012, resulting in a positive change of 35.45%.This indicates that the balance sheet and financial strength for Grundy National Bank has improved slightly in recent periods. Deposit Growth In the past year, Grundy National Bank has decreased its total deposits by -$10.48 million, resulting in -3.54% 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 Grundy National Bank has shown is below 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. Grundy National Bank has $350.32 million in assets with $67.93 million in equity, resulting in a capitalization level of 19.39%, which is excellent.

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