Granite Community Bank, N.A. in Granite Bay, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 28, 2010

  • Granite Community Bank, N.A. in Granite Bay, California (CA)
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Granite Community Bank, N.A. - Overview

  • General
  • FDIC Certificate #: 57315
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Tri Counties Bank (#21943)
    Federal Reserve ID: 3119378
    Date Established: June 04, 2002
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 361450
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: June 04, 2002
    Last Structure Change Effective Date: May 28, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 4100 Douglas Boulevard, Granite Bay, CA 95746
    County: Placer
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Sacramento
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Sacramento, CA (#6920)
    Consolidated Metropolitan Statistical Area (CMSA): Sacramento-Yolo, CA (#82)
    Combined Statistical Area (CSA): Sacramento-Arden-Arcade-Yuba City, CA-NV (#472)
    Core Based Statistical Area (CBSA): Sacramento-Arden-Arcade-Roseville, CA (#40900)
    CBSA Metro Statistical Area: Sacramento-Arden-Arcade-Roseville, CA (#40900)
  • Financial Summary
  • Total assets: $102.9 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, 2009)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $108,338Total assets
  • $8,541Cash and due from depository institutions
  • $6,994Interest-bearing balances
  • $2,073Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $85,382Net loans & leases
  • $3,594Loan loss allowance
  • $0Trading account assets
  • $1,052Bank premises and fixed assets
  • $6,038Other real estate owned
  • $0Goodwill and other intangibles
  • $3,667Life insurance assets
  • $5,252All other assets
  • $108,338Total liabilities and capital
  • $104,942Total liabilities
  • $101,787Total deposits
  • $78,006Interest-bearing deposits
  • $101,787Deposits held in domestic offices
  • 90.04%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,000Other borrowed funds
  • $0Subordinated debt
  • $1,155All other liabilities
  • $3,396Total equity capital
  • $3,396Total bank equity capital
  • $3,396Perpetual preferred stock
  • $0Common stock
  • $6,788Surplus
  • $7,668Undivided profits
  • Memoranda
  • $-11,060Noncurrent loans and leases
  • $12,212Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $14,226Earning assets
  • $0Long-term assets (5+ years)
  • $268Average Assets, year-to-date
  • $94,449Average Assets, quarterly
  • $21,141Volatile liabilities
  • $127,802Insider loans
  • $114,844FHLB advances
  • $38,182Loans and leases held for sale
  • $2,108Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $627Total risk weighted assets
  • $12,212Total unused commitments
  • $0Restructured Loans and leases
  • $1,276Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $5,912Total interest income
  • $1,997Total interest expense
  • $3,915Net interest income
  • $3,135Provision for loan and lease losses
  • $1,610Total noninterest income
  • $0Fiduciary activities
  • $236Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,374Additional noninterest income
  • $8,119Total noninterest expense
  • $2,676Salaries and employee benefits
  • $557Premises and equipment expense
  • $4,886Additional noninterest expense
  • -$5,729Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • -$5,730Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,730Net income attributable to bank
  • $0Net charge-offs
  • -$5,730Cash dividends
  • $5,897Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.30%Yield on earning assets
  • 1.79%Cost of funding earning assets
  • 3.51%Net interest margin
  • 1.44%Noninterest income to earning assets
  • 7.28%Noninterest expense to earning assets
  • -4.48%Net operating income to assets
  • -4.48%Return on assets (ROA)
  • -4.48%Pretax return on assets
  • -76.90%Return on equity (ROE)
  • -76.90%Retained earnings to average equity (YTD only)
  • 5.67%Net charge-offs to loans
  • 53.16%Credit loss provision to net charge-offs
  • -0.44%Efficiency ratio
  • 146,950Assets per employee
  • 2.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.04%Loss allowance to noncurrent loans
  • 25.26%Noncurrent assets plus other real estate owned to assets
  • 18.70%Noncurrent loans to loans
  • 15.99%Net loans and leases to deposits
  • 83.88%Net loans and leases to core deposits
  • 130.15%Equity capital to assets
  • 3.13%Core capital (leverage) ratio
  • 2.88%Tier 1 risk-based capital ratio
  • 3.44%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $127,802Average earning assets
  • $7,451Average equity
  • $111,448Average loans

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