Grundy Bank
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Data as of · sourced from FFIEC call reports. How we update
Grundy Bank is an FDIC-insured commercial bank headquartered in Morris, IL, established in 1864 (FDIC certificate 3713), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $504.7M, up 7.3% from Q2 2025, the 100th largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 22.43% 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
- 3713
- Headquarters
- Morris, IL
- Established
- 1864
- Total assets, Q2 2026
- $504.7M
- Assets vs Q2 2025
- +7.3%
- CET1 ratio, Q2 2026
- 22.43%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 071904290
- Holding company
- ILLINOIS VALLEY BANCORP, INC.
- Asset rank in state
- 100th of 319 in Illinois
Grundy Bank is one of the more profitable banks of its size. Based in Morris, Illinois, it had $505 million in assets at June 30, 2026, up 7.3% from a year earlier. It earns about $3.01 a year on every $100 of assets, 2.4 times the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 0.85% on its deposits and borrowings, about half the median of 1.80% for banks its size. Much of that comes from cost control: it spends about 47 cents to bring in each dollar of revenue.
Loans and deposits moved in opposite directions: over the year loans fell 3.6% and deposits rose 7.0%.
As of June 30, 2026, Grundy Bank reported a CET1 capital ratio of 22.43%, a return on assets of 3.01%, a nonperforming-loan ratio of 0.20% and a Texas ratio of 0.96%. The figures come from its call report filed with the FFIEC.
Of the 319 banks headquartered in Illinois, Grundy Bank is the 100th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 34.7% to $504.7M, loans fell 1.4% and deposits rose 40.5%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 34.1% of total loans, followed by owner-occupied commercial real estate loans at 12.9%. Its 4 offices in the FDIC Summary of Deposits are in Morris, IL and Wilmington, IL; its Morris 3 offices book 81% of its branch deposits. Judged on its Q2 2026 call report, Grundy Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 201 Liberty St, Morris, IL 60450
- County
- Grundy
- Metro Area
- Chicago-Naperville-Elgin, IL-IN
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- September 16, 1864
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 57
- Domestic deposits
- $449.3M
- Allowance for credit losses
- $2.8M
- Net charge-offs (YTD)
- $0
- Average total assets
- $396.8M
- Average total loans
- $249.8M
- Average interest-bearing deposits
- $191.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 3713
- Fed RSSD
- 715144
- Website
- www.grundy.bank →
- Parent Holding Company
- ILLINOIS VALLEY BANCORP, INC. (RSSD 1208504)
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
Grundy Bank's total assets moved between a low of $338.8M (Q1 2024) and a high of $504.7M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$504.7M total assets against $470.3M; $451.4M total liabilities against $422.0M.
$246.1M net loans and leases against $255.2M; $449.3M total deposits against $419.9M.
$56.0M securities against $39.0M; $189.0M cash and balances due against $162.7M.
$5.3M total interest income against $5.3M; $724K total interest expense against $871K.
$4.6M net interest income against $4.5M.
$908K total noninterest income against $935K; $2.6M total noninterest expense against $2.4M.
-$66K provision for credit losses against $62K.
$3.0M net income against $2.9M.
3.01% return on assets against 2.99%; 4.82% net interest margin against 4.81%.
22.43% CET1 capital ratio against 19.20%; 12.62% tier 1 leverage ratio against 11.68%.
Inside the full Grundy Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeGrundy Bank rankings
Its closest position to the top of a national ranking is 75 of 3,611, for ROA; its furthest is 2,693 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 2.73% (Q3 2024) to 3.38% (Q1 2026) and its net interest margin ran from 4.38% (Q3 2024) to 5.15% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 22.43% | 3.01% | 0.20% | 0.96% | 4.82% |
| Q1 2026 | 22.07% | 3.38% | 0.00% | 0.00% | 4.98% |
| Q4 2025 | 20.46% | 2.98% | 0.00% | 0.01% | 5.15% |
| Q3 2025 | 19.10% | 2.96% | 0.00% | 0.02% | 4.81% |
| Q2 2025 | 19.20% | 2.99% | 0.00% | 0.00% | 4.81% |
| Q1 2025 | 19.56% | 3.25% | 0.04% | 0.20% | 4.99% |
| Q4 2024 | 19.39% | 2.91% | 0.16% | 0.88% | 5.14% |
| Q3 2024 | 18.75% | 2.73% | 0.10% | 0.57% | 4.38% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 |
|---|---|---|---|
| Grundy Bank (main office) | Morris , IL | 60450 | $361.5M |
| 120 Main St Branch | Wilmington , IL | 60481 | $86.1M |
| Bedford Branch | Morris , IL | 60450 | $1.8M |
| Plaza I Facility | Morris , IL | 60450 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IL, rank 115 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 284 applications, 263 loans originated, $56.9M originated, across 6 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $100K approved, $100K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1998 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 Grundy Bank
What are Grundy Bank's total assets?
As of the Q2 2026 filing, Grundy Bank reported total assets of $504.7 million in its FFIEC call report.
Where is Grundy Bank headquartered?
It is headquartered in Morris, IL, United States.
When was Grundy Bank founded?
It was established in 1864, per the FDIC institution directory.
Is Grundy Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #3713). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Grundy Bank?
Grundy Bank's primary federal regulator is the Federal Reserve.
What is Grundy Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 22.43% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Grundy Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Grundy Bank's Texas Ratio?
Its Texas Ratio is 0.96% 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.
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