Bank of Grove

201 East 18th Street
Grove, OK 74344


General Bank Information

FDIC Insured Yes
FDIC Certificate # 57915
Date Established 2005
Assets $0.16 billion
Loans $0.12 billion
Deposits $0.14 billion
Capital $0.01 billion

Bank of Grove is an FDIC insured institution located in Grove, OK. It was founded in 2005 and has approximately $0.16 billion in assets.

For a more detailed analysis of Bank of Grove's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of Grove’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Oklahoma, Bank of Grove has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 42.19
Credit Card Loans 0.00
Consumer Auto Loans 0.69
Small Business Loans 14.72
Construction and Development Loans 5.91
Commercial Real Estate 25.38
Commercial and Industrial Loans 6.08
Farm Loans 2.39

Deposit Rates

Your Current Location: Virginia, VA 20146

3 Mo CD 10K
0.90% $1,000 - Learn MoreShow Less
6 Mo CD 10K
1.00% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA 0K
1.26% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.51% $1 - Learn MoreShow Less
MM 10K
0.25% $1 $24,999 Learn MoreShow Less
MM 25K
0.50% $25,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.25% $1 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Grove

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2229
License#: MC-5591
4.064% 4.000% 0.25 $1,938 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of Grove
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Bank of Grove Locations

Financial Details

Bank of Grove Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Grove. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Grove U.S. Bank Average
2.43% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Grove had $0 in non-current loans and $328,000 in owned real estate. To cover these potential losses it had $12,426,000 in equity and $1,072,000 in loans loss reserves. That gives it a Texas Ratio of 2.43%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Grove U.S. Bank Average
18.3% 8.58

Bank of Grove has a Return on Equity of 18.3% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Bank of Grove U.S. Bank Average
7.96% 12.11

Bank of Grove has a Capitalization of 7.96% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Grove Balance Sheet Analysis

As of June 30, 2017, Bank of Grove had assets of $156,111,000, loans of $123,085,000, and deposits of $135,528,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Bank of Grove

Branches and Savings

Is Bank of Grove FDIC insured?

Yes. It is covered under FDIC Certificate #57915.

Why does Bank of Grove pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank of Grove CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank of Grove a commercial bank?


Where are Bank of Grove locations?

See branch locations nearby.

Is Bank of Grove open on Saturdays?

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Are Bank of Grove ATMs Open 24/7?

Do Bank of Grove ATMs accept cash deposits?

Can Bank of Grove customers use other ATMs?

Do Bank of Grove branches have notaries?

Will Bank of Grove notarize my document?

What address for Bank of Grove should I put for incoming ACH transfers?

Will the Bank of Grove branch print checks?

Do Bank of Grove checks expire?

Does Bank of Grove require US citizenship to open account?

Can Bank of Grove close my account?

Does Bank of Grove Report to credit bureaus?

Does Bank of Grove Use Equifax?

What is Bank of Grove's ACH Routing Number?

What is Bank of Grove's SWIFT code?


Does Bank of Grove offer mortgages?

Compare mortgage rates here.

Does Bank of Grove offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Grove offer personal loans?

Compare personal loan rates here.

Does Bank of Grove offer student loans?

Will Bank of Grove cash a check?

Will Bank of Grove redeem a savings bond?

Does Bank of Grove cash savings bonds?

Will Bank of Grove cash money orders?

Can Bank of Grove issue a money order?

Does Bank of Grove do currency exchange?

Background on The Bank

Who owns Bank of Grove?

How long has Bank of Grove been around?

Can Bank of Grove transfer to other banks?

Does Bank of Grove have quick pay?

Does Bank of Grove accept rolled coins?

Will Bank of Grove accept loose change?

Where is Bank of Grove headquarters?

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