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Granite Bank
Granite Bank
RSSD ID 311256 | CERTIFICATE 5116 | ABA NUMBER 91904827 |
202 2nd Ave S |
Quarter Ended : |
2025-03-31 |
Cold Spring, Minnesota, 56320 |
Updated : |
2025-04-30 |
www.granitebank.com |
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Institution Profile |
Year Opened : |
1902 |
Institution Type : |
Commercial bank |
Entity Type : |
State |
Federal Regulator : |
FDIC |
Member Federal Reserve : |
No |
S-Corp : |
No |
Fiduciary Powers : |
No |
Powers Exercised : |
No |
Filing Type : |
051 |
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Specialization : |
Commercial Lending Specialization |
Number of Offices : |
2 |
Number of Employees : |
189 |
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Financial Fast Facts |
Balance Sheet (USD, in thousands) |
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Income Statement (USD, in thousands, ytd) |
Total Assets | 308,468 |
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Total Interest Income | 4,939 |
Total Liabilities | 280,649 |
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Total NonInterest Income | 4,852 |
Total Bank Equity Capital | 27,819 |
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Total Interest Expense | 1,850 |
Total Deposits | 272,732 |
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Total NonInterest Expense | 7,077 |
Net Loans & Leases | 268,143 |
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Net Income | 581 |
Loan Loss Allowance | 1,810 |
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Net Charge Offs | 7 |
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Regulatory Capital |
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Quarterly Averages (USD, in thousands) |
Total capital | 27,493 |
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Total loans | 271,020 |
Total assets for the leverage ratio | 306,532 |
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Loans secured by real estate: | 206,214 |
Tier 1 Leverage Ratio | 8.37 |
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Commercial and industrial loans | 41,346 |
Tier 1 Capital Ratio | 9.89 |
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Loans to individuals - Credit Cards | 0 |
Total Capital Ratio | 10.6 |
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Loans to individuals - Other | 3,709 |
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