Grand Savings Bank


1022 South Main Street
Grove, OK 74344
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Notable Rates APY Vs.Others
Savings 0.20% 1.10% →
1-Year CD 0.70% 1.10% →
2-Year CD 0.80% 1.15% →
5-Year CD N.A. 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 Savings Bank is an FDIC insured institution located in Grove, OK. It was founded in 1981 and has approximately $0.54 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 32084
Date Established 1981
Assets $ 541.50 million
Loans $ 423.16 million
Deposits $ 483.55 million
Capital $ 50.32 million

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

Deposit Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.20% $50 - Learn More
Money Market
0.25% $2,500 $24,999 Learn More
Money Market
0.35% $25,000 $99,999 Learn More
3 Mo CD
0.15% $1,000 $99,999 Learn More
3 Mo CD
0.15% $100,000 - Learn More
6 Mo CD
0.40% $1,000 $99,999 Learn More
6 Mo CD
0.40% $100,000 - Learn More
12 Mo CD
0.70% $1,000 $99,999 Learn More
12 Mo CD
0.70% $100,000 - Learn More
Special: 14 Mo CD
0.80% $1,000 - Learn More
18 Mo CD
0.75% $500 $99,999 Learn More
18 Mo CD
0.75% $100,000 - Learn More
24 Mo CD
0.80% $500 $99,999 Learn More
24 Mo CD
0.80% $100,000 - Learn More
30 Mo CD
0.85% $500 - Learn More
36 Mo CD
0.90% $500 $99,999 Learn More
36 Mo CD
0.90% $100,000 - Learn More
48 Mo CD
0.95% $500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Grand Savings Bank

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 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
3.500 %
$25,000 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to Grand Savings Bank
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Financial Details

Grand Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Grand Savings Bank. 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
Grand Savings Bank U.S. Bank Average
2.48% 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 Savings Bank had $1,327,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $50,316,000 in equity and $3,235,000 in loans loss reserves. That gives it a Texas Ratio of 2.48%.

Return on Equity
Grand Savings Bank U.S. Bank Average
11.8% 7.80%

Grand Savings Bank has a Return on Equity of 11.8% 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.

Grand Savings Bank U.S. Bank Average
9.29% 12.68%

Grand Savings Bank has a Capitalization of 9.29% 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 Savings Bank Balance Sheet Analysis

As of March 31, 2020, Grand Savings Bank had assets of $541,497,000, loans of $423,161,000, and deposits of $483,552,000. 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
Cash & Balances due from depository institutions $ 41.41 million
Interest-bearing balances $ 29.92 million
Total securities $ 39.53 million
Federal funds sold and reverse repurchase $ 19.38 million
Net loans and leases $ 423.16 million
Loan loss allowance $ 3.24 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.33 million
All other assets $ 4.84 million
     Total Assets $ 491.18 million
Total deposits $ 483.55 million
      Interest-bearing deposits $ 462.07 million
      Deposits held in domestic offices $ 483.55 million
      % insured (estimated) 81.07%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 3.32 million
Subordinated debt N.A.
All other liabilities $ 4.31 million
      Total Liabilities $ 491.18 million
      Shareholders’ Equity $ 50.32 million

Summary Income Statement

March 31, 2020
Total Interest Income $ 7.06 million
Total Interest Expense $ 1.48 million
Net interest income $ 5.58 million
Provision for loan and lease losses $ 0.13 million
Total non interest income $ 1.11 million
Total non interest expense $ 4.14 million
Pre-tax Net Operating Income $ 2.42 million

Bank Loan Profile?

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

Compared to other banks in Oklahoma, Grand Savings Bank has a significantly higher percent of Credit Card Loans, Construction and Development 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 31.15
Credit Card Loans 0.20
Consumer Auto Loans 3.46
Small Business Loans 0.00
Construction and Development Loans 16.37
Commercial Real Estate 22.28
Commercial and Industrial Loans 8.94
Farm Loans 2.32

Frequently Asked Questions About Grand Savings Bank

Branches and Savings

Is Grand Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #32084.

Why does Grand Savings 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 Savings Bank CD rates not competitive?

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

Is Grand Savings Bank a commercial bank?


Where are Grand Savings Bank locations?

See branch locations nearby.

Is Grand Savings Bank open on Saturdays?

Is Grand Savings Bank open on Sundays?

What time does Grand Savings Bank open?

What time does Grand Savings Bank close?

Are Grand Savings Bank ATMs Open 24/7?

Do Grand Savings Bank ATMs accept cash deposits?

Can Grand Savings Bank customers use other ATMs?

Do Grand Savings Bank branches have notaries?

Will Grand Savings Bank notarize my document?

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

Will the Grand Savings Bank branch print checks?

Do Grand Savings Bank checks expire?

Does Grand Savings Bank require US citizenship to open account?

Can Grand Savings Bank close my account?

Does Grand Savings Bank Report to credit bureaus?

Does Grand Savings Bank Use Equifax?

What is Grand Savings Bank's ACH Routing Number?

What is Grand Savings Bank's SWIFT code?


Does Grand Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Grand Savings Bank offer personal loans?

Compare personal loan rates here.

Does Grand Savings Bank offer student loans?

Will Grand Savings Bank cash a check?

Will Grand Savings Bank redeem a savings bond?

Does Grand Savings Bank cash savings bonds?

Will Grand Savings Bank cash money orders?

Can Grand Savings Bank issue a money order?

Does Grand Savings Bank do currency exchange?

Background on The Bank

Who owns Grand Savings Bank?

How long has Grand Savings Bank been around?

Can Grand Savings Bank transfer to other banks?

Does Grand Savings Bank have quick pay?

Does Grand Savings Bank accept rolled coins?

Will Grand Savings Bank accept loose change?

Where is Grand Savings Bank headquarters?

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