Grasshopper Bank, N.A.
New York, New York, New York County
$1.6B in total assets, the 717th largest of 4,309 US banks and 52nd of 126 headquartered in New York.
- FDIC certificate
- 59113
- Established
- 2019
- Owned by
- Grasshopper Bcorp Inc
- Primary regulator
- OCC
- Website
- www.grasshopper.bank
At a glance
Compared with 44 banks headquartered in New York with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.6B | 30% | $2.5B | |
| Loans | $1.2B | 34% | $1.9B | |
| Deposits | $1.4B | 34% | $2.1B | |
| Return on assets | 2.55% | 95% | 1.03% | |
| Net interest margin | 3.69% | 65% | 3.49% | |
| Efficiency ratio | 76.8% | 88% | 59.2% | |
| Equity to assets | 9.09% | 18% | 10.05% | |
| Loans to deposits | 84% | 42% | 86% |
Growth
Total assets grew 44.2% a year over the last 5 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2025 | Auto Club Trust, FSB Dearborn, MI | $466M |
Where they operate
1 branch in 1 county.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| New York County, NY | $1.4B | 0.1% | 34 of 83 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 1 branch since 2016 (0 to 1). 2 opened, 1 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 0 | |||
| 2019 | Opened New York | 1 | 0 | +1 | 1 |
| 2020 | Opened Durham | 1 | 0 | +1 | 2 |
| 2023 | Closed Durham | 0 | 1 | −1 | 1 |
| 2025 | Acquired Auto Club Trust, FSB | 1 | 0 | +1 | 2 |
| 2026 through Q2 | Closed Dearborn | 0 | 1 | −1 | 1 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 35% | 27% | |
| Business (C&I) | 23% | 19% | |
| Consumer | 21% | 5% | |
| 1-4 family residential | 21% | 25% | |
| Construction and land | 0% | 5% | |
| Multifamily | 0% | 12% | |
| Other | 0% | 6% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 70% | 53% | |
| Time deposits | 18% | 28% | |
| Noninterest-bearing | 13% | 19% |
Brokered deposits are 0.0% of deposits (peers 3.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.46% | 0.72% |
| Net charge-offs, annualized | -0.22% | 0.03% |
| Reserves to loans | 0.85% | 1.00% |
| Leverage ratio | 8.22% | 10.24% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New York
Largest competitors in New York County, NY
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/grasshopper