Overview / Commentary
Grundy Bank is headquartered in Morris and is the 145th largest bank in the state of Illinois. It is also the 2,366th largest bank in the nation. It was established in 1864 and as of March of 2019, it had grown to 56 employees at 4 locations. Grundy Bank has an A health rating.
Health
A
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3713 |
| Year Established | 1864 |
| Employees | 56 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.38% |
| Return on Equity - YTD | 21.82% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $272.0MM$265.6MM |
| Loans | Q1 2019vs Q1 2018 | $171.0MM$171.8MM |
| Deposits | Q1 2019vs Q1 2018 | $238.9MM$233.3MM |
| Equity Capital | Q1 2019vs Q1 2018 | $30.4MM$30.0MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $2.2MM$2.2MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $199.00K$124.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $290.00K$1.3MM |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Grundy Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.02% | $300 | - | Statement Savings |
Grundy Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.02% | $2.5k | - | Money Market Checking |
Grundy Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.07%* | $100k* | - | NOW Checking | ||
| OTHER TIERS: 0.02% → $1k - $25k | 0.05% → $25k - $50k | 0.06% → $50k - $100k | |||||
Grundy Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.10% | $1k | - | 5 Year CD | |
| 0.60% | $1k | - | 3 Year CD | |
| 0.25% | $1k | - | 2 Year CD | |
| 0.09% | $1k | - | 1 Year CD | |
| 0.07% | $1k | - | 6 Month CD | |
| 0.05% | $500 | - | 3 Month CD |
Grundy Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.10% | $1k | - | 5 Year IRA | |
| 0.60% | $1k | - | 3 Year IRA | |
| 0.25% | $1k | - | 2 Year IRA | |
| 0.09% | $1k | - | 1 Year IRA | |
| 0.07% | $1k | - | 6 Month IRA |
Locations
| Grundy Bank Locations | ||
|---|---|---|
| 120 Main St Branch | 120 South Main Street | Wilmington, IL 60481 |
| Grundy Bank | 201 Liberty Street | Morris, IL 60450 |
| Plaza I Facility | Main and Franklin Streets | Morris, IL 60450 |
| Bedford Branch | 444 Bedford Road | Morris, IL 60450 |