The Grundy National Bank of Grundy Center

The Grundy National Bank of Grundy Center is headquartered in Grundy Center and is the 94^th largest bank in the state of Iowa. It is also the 3,250^th largest bank in the nation. It was established in 1934 and as of March of 2012, it had grown to 50 employees at 4 locations. The Grundy National Bank of Grundy Center has a 5-star health rating.

Data for Q1 2012

Institution Statistics GNB Bank FDIC Certificate # 14079 BankRate Report View Year Established 1934 Employees 50 Primary Regulator FED Assets and Liabilities Assets $189.84 million Loans $108.90 million Deposits $139.79 million Equity Capital $21.67 million Loan Loss Allowance $1.60 million Unbacked Noncurrent Loans $199,000 Real Estate Owned $57,000 Historic Data - March 2011 Assets $195.61 million Equity Capital $19.10 million Loan Loss Allowance $1.64 million Unbacked Noncurrent Loans $968,000 Real Estate Owned $221,000 Profit Margin - Quarterly Net Interest Margin 3.4% Return on Assets 1.45% Return on Equity 13.01% Interest Income $2.05 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 The Grundy National Bank of Grundy Center had $256,000 in non-current loans and owned real-estate with $23.27 million in equity and loan loss allowances on hand to cover it. This gives The Grundy National Bank of Grundy Center a Texas Ratio of 1.10% 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 The Grundy National Bank of Grundy Center decreased significantly from 5.73% as of March 31, 2011 to 1.10% as of March 31, 2012, resulting in a positive change of 80.81%.This indicates that the balance sheet and financial strength for The Grundy National Bank of Grundy Center has improved significantly in recent periods. Deposit Growth In the past year, The Grundy National Bank of Grundy Center has increased its total deposits by $1.85 million, resulting in 1.34% 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 The Grundy National Bank of Grundy Center 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. The Grundy National Bank of Grundy Center has $189.84 million in assets with $23.27 million in equity, resulting in a capitalization level of 12.26%, which is excellent.

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