Banks | Grove Bank & Trust

Grove Bank & Trust


Grove Bank & Trust is an FDIC insured institution headquartered at 2701 S Bayshore Dr, Miami, FL 33133.
It was founded in 1926 and has approximately $1 billion in assets. Customers can open an account at one of its 5 branches.

Deposit Rates - December 22, 2024

SAVINGS RATES APY MIN
Savings
0.05% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.25% $10,000 Compare
6 Mo CD
0.25% $100,000 Compare
12 Mo CD
0.40% $10,000 Compare
12 Mo CD
0.40% $100,000 Compare
18 Mo CD
0.45% $10,000 Compare
18 Mo CD
0.45% $100,000 Compare
24 Mo CD
0.50% $10,000 Compare
24 Mo CD
0.50% $100,000 Compare
30 Mo CD
0.70% $10,000 Compare
30 Mo CD
0.70% $100,000 Compare
36 Mo CD
0.65% $10,000 Compare
36 Mo CD
0.65% $100,000 Compare
60 Mo CD
0.95% $10,000 Compare
60 Mo CD
0.95% $100,000 Compare
MM RATES APY MIN
Money Market
0.10% $2,500 Compare
Money Market
0.10% $10,000 Compare
Money Market
0.10% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.01% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8018
Date Established 1926
Assets $ 1,209.78 million
Loans $ 594.05 million
Deposits $ 935.69 million
Capital $ 121.56 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 190.80 million
Interest-bearing balances $ 185.03 million
Total securities $ 365.55 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 594.05 million
Loan loss allowance $ 10.76 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 $ 1,088.22 million

LIABILITIES
Total deposits $ 935.69 million
      Interest-bearing deposits $ 691.71 million
      Deposits held in domestic offices $ 935.69 million
      % insured (estimated) 45.60%
Federal funds purchased and repurchase agreements $ 17.64 million
Trading liabilities N.A.
Other borrowed funds $ 5.00 million
Subordinated debt N.A.
All other liabilities $ 6.75 millionn
      Total Liabilities $ 1,088.22 million
      Shareholders’ Equity $ 121.56 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 23.51 million
Total Interest Expense $ 12.80 million
Net interest income $ 10.71 million
Provision for loan and lease losses N.A.
Total non interest income $ 4.86 million
Total non interest expense $ 15.88 million
Pre-tax Net Operating Income $ 2.91 million

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Grove Bank & Trust Locations

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