Bank of Granite in Granite Falls, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Bank of Granite in Granite Falls, North Carolina (NC)
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Bank of Granite - Overview

  • General
  • FDIC Certificate #: 5950
    Status: Active
    Federal Reserve ID: 470724
    Bank Holding Company (Regulatory Top Holder): Fnb United Corp. (RSSDID: 1133473, Location: Asheboro, NC)
    Date Established: January 01, 1906
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 18 (Domestic: 18, Interstate: No)
    OTS Docket #: 13976
    FDIC's unique #: 4039
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 23 North Main Street, Granite Falls, NC 28630
    County: Caldwell
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Hickory-Morganton-Lenoir, NC (#3290)
    Core Based Statistical Area (CBSA): Hickory-Lenoir-Morganton, NC (#25860)
    CBSA Metro Statistical Area: Hickory-Lenoir-Morganton, NC (#25860)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $753.5 mil
    Equity capital: $63.0 mil
    Deposits held in domestic offices: $688.5 mil
    Return on assets (ROA): 0.37% ($2.8 mil)
    Quarterly return on assets: 1.58% ($11.9 mil)
    Return on Equity (ROE): 10.38% ($6.5 mil)
    Quarterly return on equity: 29.48% ($18.6 mil)
    Net income: $3.0 mil
    Quarterly Net income: $3.0 mil
    Pretax return on assets: 0.37% ($2,787.9 mil)
    Quarterly Pretax return on assets: 1.59% ($11,980.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 164Total employees (full-time equivalent)
  • $753,477Total assets
  • $143,890Cash and due from depository institutions
  • $131,201Interest-bearing balances
  • $188,927Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $373,863Net loans & leases
  • $14Loan loss allowance
  • $0Trading account assets
  • $9,626Bank premises and fixed assets
  • $17,739Other real estate owned
  • $7,368Goodwill and other intangibles
  • $753,477Life insurance assets
  • $12,064All other assets
  • $690,509Total liabilities and capital
  • $688,544Total liabilities
  • $604,325Total deposits
  • $688,544Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,965Subordinated debt
  • $62,968All other liabilities
  • $62,968Total equity capital
  • $62,968Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $59,924Surplus
  • $3,044Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,110Income earned, not collected on loans
  • $0Earning assets
  • $2,647Long-term assets (5+ years)
  • $693,991Average Assets, year-to-date
  • $153,039Average Assets, quarterly
  • $808,388Volatile liabilities
  • $759,592Insider loans
  • $454,420FHLB advances
  • $761,178Loans and leases held for sale
  • $4,460Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $55,560Tier 2 risk-based capital
  • $4,460Total risk weighted assets
  • $0Total unused commitments
  • $56,733Restructured Loans and leases
  • $111Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,009Total interest income
  • $673Total interest expense
  • $6,336Net interest income
  • $0Provision for loan and lease losses
  • $866Total noninterest income
  • $0Fiduciary activities
  • $629Service charges on deposit accounts
  • $0Trading account gains & fees
  • $237Additional noninterest income
  • $4,174Total noninterest expense
  • $1,809Salaries and employee benefits
  • $504Premises and equipment expense
  • $1,861Additional noninterest expense
  • $3,028Pre-tax net operating income
  • -$10Securities gains (losses)
  • $14Applicable income taxes
  • $3,004Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,004Net income attributable to bank
  • $0Net charge-offs
  • $3,004Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.93%Yield on earning assets
  • 0.09%Cost of funding earning assets
  • 0.84%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 0.55%Noninterest expense to earning assets
  • 0.37%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.37%Pretax return on assets
  • 10.38%Return on equity (ROE)
  • 10.38%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 56,540Assets per employee
  • 4.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.15%Noncurrent assets plus other real estate owned to assets
  • 3.56%Noncurrent loans to loans
  • 2.44%Net loans and leases to deposits
  • 54.30%Net loans and leases to core deposits
  • 55.99%Equity capital to assets
  • 8.36%Core capital (leverage) ratio
  • 7.30%Tier 1 risk-based capital ratio
  • 12.23%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $808,388Average earning assets
  • $28,949Average equity
  • $757,094Average loans

List of branches

  • 18 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04039Bank Of Granite23 North Main Street, Granite Falls, NC 28630January 01, 1906Full Service Brick and Mortar
    1208520Hudson Office537 Main Street, Hudson, NC 28638September 01, 1961Full Service Brick and Mortar
    2208521Lenoir Office707 College Avenue Sw, Lenoir, NC 28645Febuary 23, 1960Full Service Brick and Mortar
    3208522Hickory Office25 Third Street, N.W., Hickory, NC 28601July 20, 1970Full Service Brick and Mortar
    4208523Whitnel Office1351 Norwood Street, S.W., Lenoir, NC 28645May 03, 1972Full Service Brick and Mortar
    5208524Newton Office311 North Main Avenue, Newton, NC 28658Febuary 01, 1984Full Service Brick and Mortar
    6208525Springs Road Office2220 12th Avenue, N.E., Hickory, NC 28601October 01, 1985Full Service Brick and Mortar
    7208526Viewmont Office1420 2nd Street, Ne, Hickory, NC 28601July 15, 1987Full Service Brick and Mortar
    8208527Morganton Office201 East Meeting Street, Morganton, NC 28655July 10, 1989Full Service Brick and Mortar
    13208532Mountain View Office2900 Highway 127 South, Hickory, NC 28602March 16, 1998Full Service Brick and Mortar
    1656973Charlotte / Uptown Office301 South Mcdowell Street, Suite 100, Charlotte, NC 28204July 31, 1996Full Service Brick and Mortar
    17290475South Park Office3920 Sharon Road, Charlotte, NC 28211January 02, 1998Full Service Brick and Mortar
    18357572Cornelius Office18225 West Catawba Avenue, Cornelius, NC 28031June 12, 2000Full Service Brick and Mortar
    19424739Conover Office1109 Conover Boulevard East, Conover, NC 28613December 15, 2003Full Service Brick and Mortar
    20429655Wilkesboro Office2841 Highway 421 West, Wilkesboro, NC 28697August 29, 2003Full Service Brick and Mortar
    21429656Boone Office230 Wilson Drive, Boone, NC 28607August 29, 2003Full Service Brick and Mortar
    23439915Matthews Office2432 Mckee Road, Matthews, NC 28105April 04, 2005Full Service Brick and Mortar
    24455605Statesville Office207 South Center Street, Statesville, NC 28677October 10, 2006Full Service Brick and Mortar

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