Grundy Bank

201 Liberty Street
Morris, IL 60450

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3713
Date Established 1864
Assets $0.27 billion
Loans $0.17 billion
Deposits $0.24 billion
Capital $0.03 billion

Grundy Bank is an FDIC insured institution located in Morris, IL. It was founded in 1864 and has approximately $0.27 billion in assets. Customers can open an account at one of its 4 branches.

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

Bank Loan Profile?

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

Compared to other banks in Illinois, Grundy Bank has a significantly higher percent of Small Business 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 34.23
Multifamily
Mortgages
2.55
Credit Card Loans 0.00
Consumer Auto Loans 0.38
Small Business Loans 20.20
Construction and Development Loans 8.29
Commercial Real Estate 29.06
Commercial and Industrial Loans 8.99
Farm Loans 9.13

Deposit Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.02% $2,500 - Learn MoreShow Less
Premium Money Market Account
0.02% $2,500 $24,999 Learn MoreShow Less
Premium Money Market Account
0.05% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.05% $500 - Learn MoreShow Less
6 Mo CD
0.07% $1,000 - Learn MoreShow Less
12 Mo CD
0.09% $1,000 - Learn MoreShow Less
24 Mo CD
0.25% $1,000 - Learn MoreShow Less
36 Mo CD
0.60% $1,000 - Learn MoreShow Less
60 Mo CD
1.10% $1,000 - Learn MoreShow Less

Int Checking Rates APY MIN MAX
Int Ckg
0.02% $1,000 $24,999 Learn MoreShow Less

Loan Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Grundy 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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Grundy Bank
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Branches

Grundy 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:
Ashburn,Virginia


Grundy Bank Locations


Financial Details

Grundy Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Grundy 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
Grundy Bank U.S. Bank Average
1.3% 6.97%

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 December 31, 2018, Grundy Bank had $111,000 in non-current loans and $290,000 in owned real estate. To cover these potential losses it had $28,736,000 in equity and $2,178,000 in loans loss reserves. That gives it a Texas Ratio of 1.3%.

Return on Equity
Grundy Bank U.S. Bank Average
19.71% 8.80%

Grundy Bank has a Return on Equity of 19.71% versus the BestCashCow average of 8.80%. 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
Grundy Bank U.S. Bank Average
10.59% 12.29%

Grundy Bank has a Capitalization of 10.59% versus the BestCashCow average of 12.29. 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.

Grundy Bank Balance Sheet Analysis

As of December 31, 2018, Grundy Bank had assets of $271,353,000, loans of $171,747,000, and deposits of $236,252,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.05 billion
Interest-bearing balances $0.05 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.17 billion
Loan loss allowance $0.00 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 $0.00 billion
     Total Assets $0.24 billion
LIABILITIES
Total deposits $0.24 billion
      Interest-bearing deposits $0.13 billion
      Deposits held in domestic offices $0.24 billion
      % insured (estimated) 75.81%
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 $0.24 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 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

Frequently Asked Questions About Grundy Bank

Branches and Savings

Is Grundy Bank FDIC insured?

Yes. It is covered under FDIC Certificate #3713.

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

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

Why are Grundy Bank CD rates not competitive?

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

Is Grundy Bank a commercial bank?

Yes

Where are Grundy Bank locations?

See branch locations nearby.

Is Grundy Bank open on Saturdays?

Is Grundy Bank open on Sundays?

What time does Grundy Bank open?

What time does Grundy Bank close?

Are Grundy Bank ATMs Open 24/7?

Do Grundy Bank ATMs accept cash deposits?

Can Grundy Bank customers use other ATMs?

Do Grundy Bank branches have notaries?

Will Grundy Bank notarize my document?

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

Will the Grundy Bank branch print checks?

Do Grundy Bank checks expire?

Does Grundy Bank require US citizenship to open account?

Can Grundy Bank close my account?

Does Grundy Bank Report to credit bureaus?

Does Grundy Bank Use Equifax?

What is Grundy Bank's ACH Routing Number?

What is Grundy Bank's SWIFT code?

Products

Does Grundy Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Grundy Bank offer personal loans?

Compare personal loan rates here.

Does Grundy Bank offer student loans?

Will Grundy Bank cash a check?

Will Grundy Bank redeem a savings bond?

Does Grundy Bank cash savings bonds?

Will Grundy Bank cash money orders?

Can Grundy Bank issue a money order?

Does Grundy Bank do currency exchange?

Background on The Bank

Who owns Grundy Bank?

How long has Grundy Bank been around?

Can Grundy Bank transfer to other banks?

Does Grundy Bank have quick pay?

Does Grundy Bank accept rolled coins?

Will Grundy Bank accept loose change?

Where is Grundy Bank headquarters?

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