Grand Valley Bank

Headquarters

2 South Main Street
Heber City, UT 84032
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.60% 1.15% →
2-Year CD 0.70% 1.26% →
5-Year CD 1.20% 1.60% →
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 Valley Bank is an FDIC insured institution located in Heber City, UT. It was founded in 1983 and has approximately $0.44 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 24922
Date Established 1983
Assets $ 437.30 million
Loans $ 194.37 million
Deposits $ 386.86 million
Capital $ 45.87 million
 

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

Deposit Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $100 $249,999 Learn More
Money Market
0.10% $500 $9,999 Learn More
Money Market
0.15% $10,000 $24,999 Learn More
Money Market
0.25% $25,000 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $500 - Learn More
6 Mo CD
0.45% $500 - Learn More
12 Mo CD
0.60% $500 - Learn More
24 Mo CD
0.70% $500 - Learn More
36 Mo CD
0.80% $500 - Learn More
48 Mo CD
0.90% $500 - Learn More
60 Mo CD
1.20% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.60% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $100 - Learn MoreShow Less

Loan Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Grand Valley Bank

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
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 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
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to Grand Valley Bank
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Branches

Grand Valley 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:
Fairfield,Connecticut


Grand Valley Bank Locations


Financial Details

Grand Valley Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Grand Valley 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 Valley Bank U.S. Bank Average
3.02% 6.51%

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 December 31, 2019, Grand Valley Bank had $942,000 in non-current loans and $544,000 in owned real estate. To cover these potential losses it had $45,872,000 in equity and $3,299,000 in loans loss reserves. That gives it a Texas Ratio of 3.02%.

Return on Equity
Grand Valley Bank U.S. Bank Average
11.73% 9.41%

Grand Valley Bank has a Return on Equity of 11.73% versus the BestCashCow average of 9.41%. 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 Valley Bank U.S. Bank Average
10.49% 12.82%

Grand Valley Bank has a Capitalization of 10.49% versus the BestCashCow average of 12.82. 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 Valley Bank Balance Sheet Analysis

As of December 31, 2019, Grand Valley Bank had assets of $437,297,000, loans of $194,367,000, and deposits of $386,863,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 12.55 million
Interest-bearing balances $ 6.60 million
Total securities $ 214.60 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 194.37 million
Loan loss allowance $ 3.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.54 million
Goodwill and other intangibles $ 1.70 million
All other assets $ 3.73 million
     Total Assets $ 391.43 million
LIABILITIES
Total deposits $ 386.86 million
      Interest-bearing deposits $ 252.09 million
      Deposits held in domestic offices $ 386.86 million
      % insured (estimated) 81.31%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.50 million
Subordinated debt N.A.
All other liabilities $ 2.06 million
      Total Liabilities $ 391.43 million
      Shareholders’ Equity $ 45.87 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 17.20 million
Total Interest Expense $ 2.00 million
Net interest income $ 15.20 million
Provision for loan and lease losses $ 0.40 million
Total non interest income $ 1.47 million
Total non interest expense $ 10.24 million
Pre-tax Net Operating Income $ 6.03 million

Bank Loan Profile?

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

Compared to other banks in Utah, Grand Valley Bank has a significantly higher percent of 1-4 Family Residential Loans, Small Business Loans, Farm 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 24.94
Multifamily
Mortgages
1.54
Credit Card Loans 0.00
Consumer Auto Loans 0.36
Small Business Loans 17.32
Construction and Development Loans 14.55
Commercial Real Estate 23.62
Commercial and Industrial Loans 2.98
Farm Loans 11.21

Frequently Asked Questions About Grand Valley Bank

Branches and Savings

Is Grand Valley Bank FDIC insured?

Yes. It is covered under FDIC Certificate #24922.

Why does Grand Valley 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 Valley Bank CD rates not competitive?

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

Is Grand Valley Bank a commercial bank?

Yes

Where are Grand Valley Bank locations?

See branch locations nearby.

Is Grand Valley Bank open on Saturdays?

Is Grand Valley Bank open on Sundays?

What time does Grand Valley Bank open?

What time does Grand Valley Bank close?

Are Grand Valley Bank ATMs Open 24/7?

Do Grand Valley Bank ATMs accept cash deposits?

Can Grand Valley Bank customers use other ATMs?

Do Grand Valley Bank branches have notaries?

Will Grand Valley Bank notarize my document?

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

Will the Grand Valley Bank branch print checks?

Do Grand Valley Bank checks expire?

Does Grand Valley Bank require US citizenship to open account?

Can Grand Valley Bank close my account?

Does Grand Valley Bank Report to credit bureaus?

Does Grand Valley Bank Use Equifax?

What is Grand Valley Bank's ACH Routing Number?

What is Grand Valley Bank's SWIFT code?

Products

Does Grand Valley Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Grand Valley Bank offer personal loans?

Compare personal loan rates here.

Does Grand Valley Bank offer student loans?

Will Grand Valley Bank cash a check?

Will Grand Valley Bank redeem a savings bond?

Does Grand Valley Bank cash savings bonds?

Will Grand Valley Bank cash money orders?

Can Grand Valley Bank issue a money order?

Does Grand Valley Bank do currency exchange?

Background on The Bank

Who owns Grand Valley Bank?

How long has Grand Valley Bank been around?

Can Grand Valley Bank transfer to other banks?

Does Grand Valley Bank have quick pay?

Does Grand Valley Bank accept rolled coins?

Will Grand Valley Bank accept loose change?

Where is Grand Valley Bank headquarters?

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