Grove Bank & Trust
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Data as of · sourced from FFIEC call reports. How we update
Grove Bank & Trust is an FDIC-insured commercial bank headquartered in Miami, FL, established in 1926 (FDIC certificate 8018), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $1.41B, down 0.5% from Q2 2025, the 25th largest of 81 banks headquartered in Florida. Its CET1 capital ratio was 15.22% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 8018
- Headquarters
- Miami, FL
- Established
- 1926
- Total assets, Q2 2026
- $1.41B
- Assets vs Q2 2025
- -0.5%
- CET1 ratio, Q2 2026
- 15.22%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 066004600
- Holding company
- COCONUT GROVE BANKSHARES, INC.
- Asset rank in state
- 25th of 81 in Florida
Grove Bank & Trust, based in Miami, Florida, reported $1.4 billion in assets at June 30, 2026. It keeps 2.63 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). On the other hand, it carries problem assets equal to 0.1% of the capital and reserves that would absorb them, a small fraction of the median of 3.6% for banks its size.
Earnings jumped: net income for the quarter was $2.3 million, 41% above the same quarter a year earlier. Over the same year, loans grew 11.2% and deposits shrank 0.6%. Profitability lags: it earns about $0.66 a year on every $100 of assets, about half the median of $1.29 for banks its size.
As of June 30, 2026, Grove Bank & Trust reported a CET1 capital ratio of 15.22%, a return on assets of 0.66%, a nonperforming-loan ratio of 0.01% and a Texas ratio of 0.06%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Grove Bank & Trust is the 25th largest of the 81 banks headquartered in Florida. From Q1 2026 to Q2 2026, its total assets rose 0.3% to $1.41B, loans rose 4.3% and deposits rose 2.3%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 33.4% of total loans, followed by commercial and industrial loans at 26.5%. Its 5 offices in the FDIC Summary of Deposits are in 4 cities in FL; its Miami 2 offices book 62% of its branch deposits. On its Q2 2026 call report, Grove Bank & Trust meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 2701 S Bayshore Dr, Miami, FL 33133
- County
- Miami-Dade
- Metro Area
- Miami-Fort Lauderdale-West Palm Beach, FL
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- July 12, 1926
- Former names
- Coconut Grove Bank (1953-2017)
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 121
- Domestic deposits
- $1.21B
- Allowance for credit losses
- $12.0M
- Net charge-offs (YTD)
- $75K
- Average total assets
- $1.41B
- Average total loans
- $838.5M
- Average interest-bearing deposits
- $909.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8018
- Fed RSSD
- 648130
- SEC CIK
- 1505771 → filed by COCONUT GROVE BANKSHARES, INC.
- Website
- www.grovebankandtrust.com →
- Parent Holding Company
- COCONUT GROVE BANKSHARES, INC. (RSSD 2809560)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Grove Bank & Trust's total assets ran between $1.03B (Q3 2023) and $1.42B (Q2 2025), and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.41B total assets against $1.42B; $1.28B total liabilities against $1.29B.
$853.8M net loans and leases against $766.7M; $1.21B total deposits against $1.21B.
$286.4M securities against $262.4M; $215.9M cash and balances due against $331.5M.
$16.1M total interest income against $15.9M; $7.2M total interest expense against $7.9M.
$8.9M net interest income against $8.0M.
$3.3M total noninterest income against $2.8M; $9.0M total noninterest expense against $8.3M.
$433K provision for credit losses against $427K.
$2.3M net income against $1.6M.
0.66% return on assets against 0.48%; 2.63% net interest margin against 2.45%.
15.22% CET1 capital ratio against 14.87%; 9.96% tier 1 leverage ratio against 9.55%.
Inside the full Grove Bank & Trust terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Grove Bank & Trust rankings
Its closest position to the top of a national ranking is 177 of 980, for uninsured deposits; its furthest is 3,275 of 3,640, for Texas Ratio.
Metric pages for Grove Bank & Trust: Uninsured deposits.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.26% (Q3 2024) to 0.81% (Q3 2025) and its net interest margin ran from 2.17% (Q3 2024) to 2.68% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.22% | 0.66% | 0.01% | 0.06% | 2.63% |
| Q1 2026 | 15.62% | 0.69% | 0.00% | 0.00% | 2.62% |
| Q4 2025 | 15.39% | 0.66% | 0.00% | 0.00% | 2.68% |
| Q3 2025 | 15.35% | 0.81% | 0.00% | 0.00% | 2.56% |
| Q2 2025 | 14.87% | 0.48% | 0.00% | 0.00% | 2.45% |
| Q1 2025 | 14.86% | 0.35% | 0.00% | 0.00% | 2.18% |
| Q4 2024 | 15.19% | 0.43% | 0.00% | 0.00% | 2.29% |
| Q3 2024 | 16.85% | 0.26% | 0.00% | 0.00% | 2.17% |
Swipe the table sideways to see every column.
Branch Network
View all 5 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Grove Bank & Trust (main office) | Miami , FL | 33133 | $624.6M |
| South Miami Branch | South Miami , FL | 33143 | $181.2M |
| Aventura Branch | Aventura , FL | 33180 | $167.5M |
| Palmetto Bay Branch | Miami , FL | 33176 | $117.6M |
| Coral Gables Branch | Coral Gables , FL | 33134 | $115.3M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve); 1 against individuals associated with it
- March 17, 2010, Federal Reserve: Written Agreement: Coconut Grove Bank, Miami, Florida
- Period: Most recent institution action March 17, 2010. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.1% of deposits in FL, rank 60 of 186 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $135K approved, $68K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1997 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Grove Bank & Trust
What are Grove Bank & Trust's total assets?
As of the Q2 2026 filing, Grove Bank & Trust reported total assets of $1.41 billion in its FFIEC call report.
Where is Grove Bank & Trust headquartered?
It is headquartered in Miami, FL, United States.
When was Grove Bank & Trust founded?
It was established in 1926, per the FDIC institution directory.
Is Grove Bank & Trust FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8018). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Grove Bank & Trust?
Grove Bank & Trust's primary federal regulator is the Federal Reserve.
What is Grove Bank & Trust's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.22% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Grove Bank & Trust operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Grove Bank & Trust's Texas Ratio?
Its Texas Ratio is 0.06% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Grove Bank & Trust previously called?
The charter now named Grove Bank & Trust has also operated as Coconut Grove Bank (1953-2017), per FDIC structure-change records.
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