Grand Bank for Savings, FSB is headquartered in Hattiesburg and is the 62nd largest bank in the state of Mississippi. It is also the 4,249th largest bank in the nation. It was established in 1968 and as of June of 2020, it had grown to 35 employees at 2 locations. Grand Bank for Savings, FSB has a B+ health rating.
Take Your Money To Another Bank
Bank staff is very unprofessional. They will do a hard pull on your credit to issue a debit card on your account (this pulls down your credit score). They are also not upfront about the availability of deposits. 7 day hold placed on cashier's check! When asked why I wasn't told about the hold when I specifically asked about it, I was told that they didn't have to tell me about placing holds on my account. Do yourself a favor and take your money to another bank!
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 31864 |
| Year Established | 1968 |
| Employees | 35 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.8% |
| Return on Equity - YTD | 6.54% |
| Annual Interest Income | $3.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $84.7MM$82.4MM |
| Loans | Q2 2020vs Q2 2019 | $69.8MM$66.8MM |
| Deposits | Q2 2020vs Q2 2019 | $66.5MM$64.1MM |
| Equity Capital | Q2 2020vs Q2 2019 | $10.5MM$10.7MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $553.00K$476.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $574.00K$505.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $770.00K$914.00K |