Grand Rivers Community Bank

Headquarters

260 S Main St
Grand Chain, IL 62941
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.75% 1.40% →
1-Year CD 0.85% 1.15% →
2-Year CD 0.90% 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 Rivers Community Bank is an FDIC insured institution located in Grand Chain, IL. It was founded in 1902 and has approximately $0.03 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 10816
Date Established 1902
Assets $ 28.18 million
Loans $ 15.87 million
Deposits $ 25.22 million
Capital $ 1.78 million
 

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

Deposit Rates - July 13, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.75% $100 - Learn More
CD Rates APY MIN MAX
6 Mo CD
0.35% $1,000 - Learn More
12 Mo CD
0.85% $1,000 - Learn More
24 Mo CD
0.90% $1,000 - Learn More
36 Mo CD
0.95% $1,000 - Learn More
48 Mo CD
1.06% $1,000 - Learn More
60 Mo CD
1.11% $1,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.25% $1,500 - Learn MoreShow Less

Loan Rates - July 13, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Grand Rivers Community Bank

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.950% 2.875% 1.00 $2,438 $1,038 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Grand Rivers Community Bank
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Branches

Grand Rivers Community Bank 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:
Seattle,Washington


Grand Rivers Community Bank Locations


Financial Details

Grand Rivers Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Grand Rivers Community Bank. 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 Rivers Community Bank U.S. Bank Average
60.11% 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 Rivers Community Bank had $650,000 in non-current loans and $715,000 in owned real estate. To cover these potential losses it had $1,782,000 in equity and $489,000 in loans loss reserves. That gives it a Texas Ratio of 60.11%.

Return on Equity
Grand Rivers Community Bank U.S. Bank Average
-33.52% 7.80%

Grand Rivers Community Bank has a Return on Equity of -33.52% 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 Rivers Community Bank U.S. Bank Average
6.32% 12.68%

Grand Rivers Community Bank has a Capitalization of 6.32% 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 Rivers Community Bank Balance Sheet Analysis

As of March 31, 2020, Grand Rivers Community Bank had assets of $28,175,000, loans of $15,868,000, and deposits of $25,217,000. 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 $ 7.41 million
Interest-bearing balances $ 6.69 million
Total securities $ 1.17 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 15.87 million
Loan loss allowance $ 0.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.72 million
Goodwill and other intangibles N.A.
All other assets $ 1.84 million
     Total Assets $ 26.39 million
LIABILITIES
Total deposits $ 25.22 million
      Interest-bearing deposits $ 20.09 million
      Deposits held in domestic offices $ 25.22 million
      % insured (estimated) 88.85%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.84 million
Subordinated debt N.A.
All other liabilities $ 0.34 million
      Total Liabilities $ 26.39 million
      Shareholders’ Equity $ 1.78 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.30 million
Total Interest Expense $ 0.09 million
Net interest income $ 0.21 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.05 million
Total non interest expense $ 0.41 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Grand Rivers Community Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Illinois, Grand Rivers Community Bank has a significantly higher percent of 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 25.31
Multifamily
Mortgages
3.19
Credit Card Loans 0.00
Consumer Auto Loans 1.26
Small Business Loans 14.82
Construction and Development Loans 0.00
Commercial Real Estate 29.85
Commercial and Industrial Loans 16.53
Farm Loans 4.88

Frequently Asked Questions About Grand Rivers Community Bank

Branches and Savings

Is Grand Rivers Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10816.

Why does Grand Rivers Community Bank pay such low interest on savings accounts?

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

Why are Grand Rivers Community Bank CD rates not competitive?

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

Is Grand Rivers Community Bank a commercial bank?

Yes

Where are Grand Rivers Community Bank locations?

See branch locations nearby.

Is Grand Rivers Community Bank open on Saturdays?

Is Grand Rivers Community Bank open on Sundays?

What time does Grand Rivers Community Bank open?

What time does Grand Rivers Community Bank close?

Are Grand Rivers Community Bank ATMs Open 24/7?

Do Grand Rivers Community Bank ATMs accept cash deposits?

Can Grand Rivers Community Bank customers use other ATMs?

Do Grand Rivers Community Bank branches have notaries?

Will Grand Rivers Community Bank notarize my document?

What address for Grand Rivers Community Bank should I put for incoming ACH transfers?

Will the Grand Rivers Community Bank branch print checks?

Do Grand Rivers Community Bank checks expire?

Does Grand Rivers Community Bank require US citizenship to open account?

Can Grand Rivers Community Bank close my account?

Does Grand Rivers Community Bank Report to credit bureaus?

Does Grand Rivers Community Bank Use Equifax?

What is Grand Rivers Community Bank's ACH Routing Number?

What is Grand Rivers Community Bank's SWIFT code?

Products

Does Grand Rivers Community Bank offer mortgages?

Compare mortgage rates here.

Does Grand Rivers Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Grand Rivers Community Bank offer personal loans?

Compare personal loan rates here.

Does Grand Rivers Community Bank offer student loans?

Will Grand Rivers Community Bank cash a check?

Will Grand Rivers Community Bank redeem a savings bond?

Does Grand Rivers Community Bank cash savings bonds?

Will Grand Rivers Community Bank cash money orders?

Can Grand Rivers Community Bank issue a money order?

Does Grand Rivers Community Bank do currency exchange?

Background on The Bank

Who owns Grand Rivers Community Bank?

How long has Grand Rivers Community Bank been around?

Can Grand Rivers Community Bank transfer to other banks?

Does Grand Rivers Community Bank have quick pay?

Does Grand Rivers Community Bank accept rolled coins?

Will Grand Rivers Community Bank accept loose change?

Where is Grand Rivers Community Bank headquarters?

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