2026 Overview
General Bank Information
Grove Bank & Trust is an FDIC insured institution located in Miami, FL. It was founded in 1926 and has approximately $1.41 billion in assets. Customers can open an account at one of its 5 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 8018 |
| Date Established | 1926 |
| Assets | $ 1,414.04 million |
| Loans | $ 853.80 million |
| Deposits | $ 1,206.38 million |
| Capital | $ 138.54 million |
For a more detailed analysis of Grove Bank & Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - October 16, 2026
Your Current Location: New York, NY 10116
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Loan Rates - October 16, 2026
Your Current Location: New York, NY 10116
There are currently no loan rates available for Grove Bank & Trust
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Featured - New York 30 Year Fixed Mortgage Rates 2026
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Branches
Grove Bank & Trust 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:
New York City,New York
Grove Bank & Trust Locations around zip code 10116
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 1069.50 | A | View Lobby Hours | |
| 1085.65 | B | View Lobby Hours | |
| 1086.79 | C | View Lobby Hours | |
| 1089.80 | D | View Lobby Hours | |
| 1094.66 | E | View Lobby Hours |
Climate Policy and Initiatives
Grove Bank & Trust is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Grove Bank & Trust Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Grove Bank & Trust. 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
| Grove Bank & Trust | U.S. Bank Average |
|---|---|
| 0.06% | 6.04% |
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 June 30, 2026, Grove Bank & Trust had $90,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $138,544,000 in equity and $11,987,000 in loans loss reserves. That gives it a Texas Ratio of 0.06%.
Return on Equity
| Grove Bank & Trust | U.S. Bank Average |
|---|---|
| 6.96% | 11.52% |
Grove Bank & Trust has a Return on Equity of 6.96% versus the BestCashCow average of 11.52%. 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
| Grove Bank & Trust | U.S. Bank Average |
|---|---|
| 9.8% | 11.94% |
Grove Bank & Trust has a Capitalization of 9.8% versus the BestCashCow average of 11.94. 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.
Grove Bank & Trust Balance Sheet Analysis
As of June 30, 2026, Grove Bank & Trust had assets of $1,414,037,000, loans of $853,803,000, and deposits of $1,206,375,000. 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, 2026| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 215.94 million |
| Interest-bearing balances | $ 211.74 million |
| Total securities | $ 286.43 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 853.80 million |
| Loan loss allowance | $ 11.99 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 | $ 37.27 million |
| Total Assets | $ 1,275.49 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,206.38 million |
| Interest-bearing deposits | $ 925.91 million |
| Deposits held in domestic offices | $ 1,206.38 million |
| % insured (estimated) | 54.50% |
| Federal funds purchased and repurchase agreements | $ 11.25 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 5.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 6.75 million |
| Total Liabilities | $ 1,275.49 million |
| Shareholders’ Equity | $ 138.54 million |
Summary Income Statement
June 30, 2026| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 31.89 million |
| Total Interest Expense | $ 14.18 million |
| Net interest income | $ 17.72 million |
| Provision for loan and lease losses | $ 0.63 million |
| Total non interest income | $ 6.55 million |
| Total non interest expense | $ 17.81 million |
| Pre-tax Net Operating Income | $ 2.91 million |
Bank Loan Profile?
The top three loan types in Grove Bank & Trust’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.
Compared to other banks, Grove Bank & Trust’s loan portfolio does not show any specific loan specialty.
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 | 6.40 | ✓ | ||
| Multifamily Mortgages |
4.04 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 3.22 | ✓ | ||
| Construction and Development Loans | 0.78 | ✓ | ||
| Commercial Real Estate | 31.58 | ✓ | ||
| Commercial and Industrial Loans | 5.03 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for Grove Bank & Trust
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