GrandSouth Bank

381 Halton Road
Greenville, SC 29606

Notable Rates APY Vs.Others
Savings 0.10% 2.30% →
1-Year CD 0.35% 2.25% →
2-Year CD 0.60% 2.50% →
5-Year CD 1.01% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

GrandSouth Bank is an FDIC insured institution located in Greenville, SC. It was founded in 1998 and has approximately $0.86 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 34812
Date Established 1998
Assets $0.86 billion
Loans $0.68 billion
Deposits $0.77 billion
Capital $0.09 billion
 

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

Deposit Rates - December 7, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,000 $19,999 Learn MoreShow Less
Money Market
0.20% $20,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.20% $1,000 - Learn MoreShow Less
6 Mo CD
0.20% $1,000 - Learn MoreShow Less
12 Mo CD
0.35% $1,000 - Learn MoreShow Less
Special: 13 Mo CD
1.70% $1,000 - Learn MoreShow Less
18 Mo CD
0.50% $1,000 - Learn MoreShow Less
24 Mo CD
0.60% $1,000 - Learn MoreShow Less
30 Mo CD
0.75% $1,000 - Learn MoreShow Less
36 Mo CD
1.01% $1,000 - Learn MoreShow Less
48 Mo CD
1.01% $1,000 - Learn MoreShow Less
60 Mo CD
1.01% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.35% $1,000 - Learn MoreShow Less
Special: 13 Mo FIRA
1.70% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less

Loan Rates - December 7, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for GrandSouth 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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.625% 3.625% 0.00 ($65) $1,141 Learn More
First Internet Bank
NMLS ID: 424182
3.626% 3.625% 0.00 $42 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
More Info

Note to GrandSouth Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

GrandSouth 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


GrandSouth Bank Locations


Financial Details

GrandSouth Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of GrandSouth 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
GrandSouth Bank U.S. Bank Average
7.54% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, GrandSouth Bank had $4,542,000 in non-current loans and $2,762,000 in owned real estate. To cover these potential losses it had $87,171,000 in equity and $9,677,000 in loans loss reserves. That gives it a Texas Ratio of 7.54%.

Return on Equity
GrandSouth Bank U.S. Bank Average
11.12% 9.50%

GrandSouth Bank has a Return on Equity of 11.12% versus the BestCashCow average of 9.50%. 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
GrandSouth Bank U.S. Bank Average
10.09% 12.76%

GrandSouth Bank has a Capitalization of 10.09% versus the BestCashCow average of 12.76. 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.

GrandSouth Bank Balance Sheet Analysis

As of June 30, 2019, GrandSouth Bank had assets of $863,719,000, loans of $681,495,000, and deposits of $771,227,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.11 billion
Interest-bearing balances $0.09 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.68 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.78 billion
LIABILITIES
Total deposits $0.77 billion
      Interest-bearing deposits $0.65 billion
      Deposits held in domestic offices $0.77 billion
      % insured (estimated) 77.05%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.78 billion
      Shareholders’ Equity $0.09 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.03 billion
Total Interest Expense $0.01 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.01 billion

Bank Loan Profile?

The top three loan types in GrandSouth Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in South Carolina, GrandSouth Bank has a significantly higher percent of Commercial and Industrial 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 16.13
Multifamily
Mortgages
0.67
Credit Card Loans 0.00
Consumer Auto Loans 0.42
Small Business Loans 17.44
Construction and Development Loans 7.89
Commercial Real Estate 38.44
Commercial and Industrial Loans 27.66
Farm Loans 2.88

Frequently Asked Questions About Grandsouth Bank

Branches and Savings

Is Grandsouth Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34812.

Why does Grandsouth Bank pay such low interest on savings accounts?

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

Why are Grandsouth Bank CD rates not competitive?

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

Is Grandsouth Bank a commercial bank?

Yes

Where are Grandsouth Bank locations?

See branch locations nearby.

Is Grandsouth Bank open on Saturdays?

Is Grandsouth Bank open on Sundays?

What time does Grandsouth Bank open?

What time does Grandsouth Bank close?

Are Grandsouth Bank ATMs Open 24/7?

Do Grandsouth Bank ATMs accept cash deposits?

Can Grandsouth Bank customers use other ATMs?

Do Grandsouth Bank branches have notaries?

Will Grandsouth Bank notarize my document?

What address for Grandsouth Bank should I put for incoming ACH transfers?

Will the Grandsouth Bank branch print checks?

Do Grandsouth Bank checks expire?

Does Grandsouth Bank require US citizenship to open account?

Can Grandsouth Bank close my account?

Does Grandsouth Bank Report to credit bureaus?

Does Grandsouth Bank Use Equifax?

What is Grandsouth Bank's ACH Routing Number?

What is Grandsouth Bank's SWIFT code?

Products

Does Grandsouth Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Grandsouth Bank offer personal loans?

Compare personal loan rates here.

Does Grandsouth Bank offer student loans?

Will Grandsouth Bank cash a check?

Will Grandsouth Bank redeem a savings bond?

Does Grandsouth Bank cash savings bonds?

Will Grandsouth Bank cash money orders?

Can Grandsouth Bank issue a money order?

Does Grandsouth Bank do currency exchange?

Background on The Bank

Who owns Grandsouth Bank?

How long has Grandsouth Bank been around?

Can Grandsouth Bank transfer to other banks?

Does Grandsouth Bank have quick pay?

Does Grandsouth Bank accept rolled coins?

Will Grandsouth Bank accept loose change?

Where is Grandsouth Bank headquarters?

Customer Reviews for GrandSouth Bank


  • February 27, 2017 |

    Ftree

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