Granite Bank
Major Rating Factors:
Operating profits as a percentage of assets at 1.0%, coupled with a return on assets of 0.8 has resulted in Fair (4.1) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.7 on a scale of 0 to 10).
Other Rating Factors:
Good current capitalization (6.4 on a scale of 0 to 10) based on a risk-based capital ratio of 10.6 and a capital leverage ratio of 8.4. A current level of 3.9 percent of nonperforming loans to core capital combined with 11.0 percent from a year earlier contributes to the Good asset quality (6.0).
Asset Mix:
Comm re (38%), home mtgs (20%), comm loans (13%), home eq lns (7%), securities (6%), consumer loans (1%), cash (1%), other (14%)
States with Branches:
MN
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
First Bancshares, Inc., of Cold Spring
Investment Rating
--
Address
202 Second Avenue, South
Cold Spring, MN 56320
Cold Spring, MN 56320
Phone Number
(320) 685-8611
Year Founded
1902
FDIC Number
Website
Largest Affiliates
No affiliate information available.