Grand Mountain Bank, FSB

Headquarters

337 East Agate Avenue
Granby, CO 80446
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.35% 1.10% →
2-Year CD 0.50% 1.26% →
5-Year CD 1.11% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Grand Mountain Bank, FSB is an FDIC insured institution located in Granby, CO. It was founded in 2003 and has approximately $0.13 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 57531
Date Established 2003
Assets $ 130.59 million
Loans $ 95.50 million
Deposits $ 119.66 million
Capital $ 12.45 million
 

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

Deposit Rates - July 16, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
1.01% $10,000 $14,999 Learn More
60 Mo CD
1.11% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less

Loan Rates - July 16, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Grand Mountain Bank, FSB

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.950% 2.875% 1.00 $2,428 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to Grand Mountain Bank, FSB
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Branches

Grand Mountain Bank, FSB branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Grand Mountain Bank, FSB Locations


Financial Details

Grand Mountain Bank, FSB Ratio Analysis

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

Texas Ratio
Grand Mountain Bank, FSB U.S. Bank Average
3.48% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Grand Mountain Bank, FSB had $475,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $12,447,000 in equity and $1,192,000 in loans loss reserves. That gives it a Texas Ratio of 3.48%.

Return on Equity
Grand Mountain Bank, FSB U.S. Bank Average
6.68% 7.80%

Grand Mountain Bank, FSB has a Return on Equity of 6.68% versus the BestCashCow average of 7.80%. 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.

Capitalization
Grand Mountain Bank, FSB U.S. Bank Average
9.53% 12.68%

Grand Mountain Bank, FSB has a Capitalization of 9.53% versus the BestCashCow average of 12.68. 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.

Grand Mountain Bank, FSB Balance Sheet Analysis

As of December 31, 2019, Grand Mountain Bank, FSB had assets of $132,460,000, loans of $95,497,000, and deposits of $119,664,000. 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.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 26.10 million
Interest-bearing balances $ 21.20 million
Total securities $ 4.53 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 95.50 million
Loan loss allowance $ 1.19 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.40 million
     Total Assets $ 120.01 million
LIABILITIES
Total deposits $ 119.66 million
      Interest-bearing deposits $ 91.66 million
      Deposits held in domestic offices $ 119.66 million
      % insured (estimated) 85.57%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.35 million
      Total Liabilities $ 120.01 million
      Shareholders’ Equity $ 10.58 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.06 million
Total Interest Expense $ 0.39 million
Net interest income $ 4.67 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.60 million
Total non interest expense $ 4.15 million
Pre-tax Net Operating Income $ 1.12 million

Bank Loan Profile?

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

Compared to other banks in Colorado, Grand Mountain Bank, FSB has a significantly higher percent of 1-4 Family Residential Loans, Small Business 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 53.60
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.05
Small Business Loans 26.20
Construction and Development Loans 9.61
Commercial Real Estate 26.20
Commercial and Industrial Loans 3.94
Farm Loans 0.05

Frequently Asked Questions About Grand Mountain Bank, Fsb

Branches and Savings

Is Grand Mountain Bank, Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #57531.

Why does Grand Mountain Bank, Fsb pay such low interest on savings accounts?

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

Why are Grand Mountain Bank, Fsb CD rates not competitive?

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

Is Grand Mountain Bank, Fsb a commercial bank?

Yes

Where are Grand Mountain Bank, Fsb locations?

See branch locations nearby.

Is Grand Mountain Bank, Fsb open on Saturdays?

Is Grand Mountain Bank, Fsb open on Sundays?

What time does Grand Mountain Bank, Fsb open?

What time does Grand Mountain Bank, Fsb close?

Are Grand Mountain Bank, Fsb ATMs Open 24/7?

Do Grand Mountain Bank, Fsb ATMs accept cash deposits?

Can Grand Mountain Bank, Fsb customers use other ATMs?

Do Grand Mountain Bank, Fsb branches have notaries?

Will Grand Mountain Bank, Fsb notarize my document?

What address for Grand Mountain Bank, Fsb should I put for incoming ACH transfers?

Will the Grand Mountain Bank, Fsb branch print checks?

Do Grand Mountain Bank, Fsb checks expire?

Does Grand Mountain Bank, Fsb require US citizenship to open account?

Can Grand Mountain Bank, Fsb close my account?

Does Grand Mountain Bank, Fsb Report to credit bureaus?

Does Grand Mountain Bank, Fsb Use Equifax?

What is Grand Mountain Bank, Fsb's ACH Routing Number?

What is Grand Mountain Bank, Fsb's SWIFT code?

Products

Does Grand Mountain Bank, Fsb offer mortgages?

Compare mortgage rates here.

Does Grand Mountain Bank, Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Grand Mountain Bank, Fsb offer personal loans?

Compare personal loan rates here.

Does Grand Mountain Bank, Fsb offer student loans?

Will Grand Mountain Bank, Fsb cash a check?

Will Grand Mountain Bank, Fsb redeem a savings bond?

Does Grand Mountain Bank, Fsb cash savings bonds?

Will Grand Mountain Bank, Fsb cash money orders?

Can Grand Mountain Bank, Fsb issue a money order?

Does Grand Mountain Bank, Fsb do currency exchange?

Background on The Bank

Who owns Grand Mountain Bank, Fsb?

How long has Grand Mountain Bank, Fsb been around?

Can Grand Mountain Bank, Fsb transfer to other banks?

Does Grand Mountain Bank, Fsb have quick pay?

Does Grand Mountain Bank, Fsb accept rolled coins?

Will Grand Mountain Bank, Fsb accept loose change?

Where is Grand Mountain Bank, Fsb headquarters?

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