Gruver State Bank

Headquarters

3 Main Avenue
Gruver, TX 79040
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Gruver State Bank is an FDIC insured institution located in Gruver, TX. It was founded in 1946 and has approximately $0.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 16495
Date Established 1946
Assets $ 73.55 million
Loans $ 44.93 million
Deposits $ 54.22 million
Capital $ 8.47 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Gruver State 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
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.816% 2.750% 0.88 $2,132 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Gruver State Bank
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Branches

Gruver State 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


Gruver State Bank Locations


Financial Details

Gruver State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gruver State 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
Gruver State Bank U.S. Bank Average
0% 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, Gruver State Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,465,000 in equity and $485,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Gruver State Bank U.S. Bank Average
14.96% 7.80%

Gruver State Bank has a Return on Equity of 14.96% 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.

Capitalization
Gruver State Bank U.S. Bank Average
11.51% 12.68%

Gruver State Bank has a Capitalization of 11.51% 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.

Gruver State Bank Balance Sheet Analysis

As of June 30, 2019, Gruver State Bank had assets of $72,051,000, loans of $44,925,000, and deposits of $54,222,000. 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
ASSETS
Cash & Balances due from depository institutions $ 3.78 million
Interest-bearing balances $ 2.88 million
Total securities $ 19.13 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 44.93 million
Loan loss allowance $ 0.49 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 $ 3.20 million
     Total Assets $ 63.59 million
LIABILITIES
Total deposits $ 54.22 million
      Interest-bearing deposits $ 38.26 million
      Deposits held in domestic offices $ 54.22 million
      % insured (estimated) 80.19%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 9.10 million
Subordinated debt N.A.
All other liabilities $ 0.26 million
      Total Liabilities $ 63.59 million
      Shareholders’ Equity $ 9.96 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.59 million
Total Interest Expense $ 0.26 million
Net interest income $ 1.33 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.21 million
Total non interest expense $ 0.84 million
Pre-tax Net Operating Income $ 0.69 million

Bank Loan Profile?

The top three loan types in Gruver State Bank’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Texas, Gruver State Bank has a significantly higher percent of 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 18.32
Multifamily
Mortgages
0.54
Credit Card Loans 0.00
Consumer Auto Loans 2.01
Small Business Loans 3.52
Construction and Development Loans 4.49
Commercial Real Estate 16.95
Commercial and Industrial Loans 16.49
Farm Loans 28.81

Frequently Asked Questions About Gruver State Bank

Branches and Savings

Is Gruver State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16495.

Why does Gruver State Bank pay such low interest on savings accounts?

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

Why are Gruver State Bank CD rates not competitive?

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

Is Gruver State Bank a commercial bank?

Yes

Where are Gruver State Bank locations?

See branch locations nearby.

Is Gruver State Bank open on Saturdays?

Is Gruver State Bank open on Sundays?

What time does Gruver State Bank open?

What time does Gruver State Bank close?

Are Gruver State Bank ATMs Open 24/7?

Do Gruver State Bank ATMs accept cash deposits?

Can Gruver State Bank customers use other ATMs?

Do Gruver State Bank branches have notaries?

Will Gruver State Bank notarize my document?

What address for Gruver State Bank should I put for incoming ACH transfers?

Will the Gruver State Bank branch print checks?

Do Gruver State Bank checks expire?

Does Gruver State Bank require US citizenship to open account?

Can Gruver State Bank close my account?

Does Gruver State Bank Report to credit bureaus?

Does Gruver State Bank Use Equifax?

What is Gruver State Bank's ACH Routing Number?

What is Gruver State Bank's SWIFT code?

Products

Does Gruver State Bank offer mortgages?

Compare mortgage rates here.

Does Gruver State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Gruver State Bank offer personal loans?

Compare personal loan rates here.

Does Gruver State Bank offer student loans?

Will Gruver State Bank cash a check?

Will Gruver State Bank redeem a savings bond?

Does Gruver State Bank cash savings bonds?

Will Gruver State Bank cash money orders?

Can Gruver State Bank issue a money order?

Does Gruver State Bank do currency exchange?

Background on The Bank

Who owns Gruver State Bank?

How long has Gruver State Bank been around?

Can Gruver State Bank transfer to other banks?

Does Gruver State Bank have quick pay?

Does Gruver State Bank accept rolled coins?

Will Gruver State Bank accept loose change?

Where is Gruver State Bank headquarters?

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