Grove Bank & Trust: how it compares with its peers
Against 24 FL banks with half to twice its assets, Grove Bank & Trust's strongest measure in Q2 2026 is assets per employee ($11.7M vs. a $8.1M peer median). Its weakest relative measure is net interest margin (2.66% vs. 3.73%).
| Measure | Grove Bank & Trust | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.68% | 1.21% | Bottom third Ahead of 17% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.66% | 3.73% | Bottom third Ahead of 4% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 73.40% | 58.33% | Bottom third Ahead of 25% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $11.7M | $8.1M | Top third Ahead of 75% of peers |
| Loans to deposits Net loans and leases over total deposits. | 70.77% | 76.62% | Context |
What it means for lending operations
Its efficiency ratio of 73.40% is above the 58.33% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- OptimumBank Fort Lauderdale, FL · $1.39B
- Citizens Bank and Trust Frostproof, FL · $1.48B
- Bank of Central Florida Lakeland, FL · $1.25B
- Pacific National Bank Miami, FL · $1.61B
- International Finance Bank Miami, FL · $1.62B
- Helm Bank USA Miami, FL · $1.19B
Questions about Grove Bank & Trust
How big is Grove Bank & Trust?
Grove Bank & Trust, established in 1926, is headquartered in Miami, FL. It reported $1.41B in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is Grove Bank & Trust's return on assets?
0.68% annualized in Q2 2026, against a 1.21% median for 24 FL banks with half to twice its assets, ahead of 17% of them.
What is Grove Bank & Trust's efficiency ratio?
73.40% in Q2 2026: it spent about 73 cents in noninterest expense for each dollar of revenue. The peer median is 58.33%, and lower is better.
Is Grove Bank & Trust growing its loans?
Net loans grew 11.4% over the year to Q2 2026, while deposits shrank 0.6%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are FL banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Florida bank ranked.