Granite Savings Bank in Rockport, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Granite Savings Bank - Overview

  • General
  • FDIC Certificate #: 90273
    Status: Active
    Federal Reserve ID: 198103
    Date Established: March 21, 1884
    WWW: http://www.granitesavingsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 10990
    FDIC's unique #: 17863
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 16, 1986
    Last Structure Change Effective Date: June 29, 2009
    Last Structure Change Process Date: July 07, 2009
    Last Data Update: July 07, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 247 Main Street, Rockport, MA 1966
    County: Essex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Peabody, MA (#37764)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $74.2 mil
    Equity capital: $9.8 mil
    Deposits held in domestic offices: $59.5 mil
    Return on assets (ROA): 0.00% ($0.0 mil)
    Quarterly return on assets: 0.11% ($0.1 mil)
    Return on Equity (ROE): 0.03% ($0.0 mil)
    Quarterly return on equity: 0.87% ($0.1 mil)
    Net income: $0.0 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -0.02% (-$14.8 mil)
    Quarterly Pretax return on assets: 0.02% ($14.8 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
  • 15Total employees (full-time equivalent)
  • $74,212Total assets
  • $1,045Cash and due from depository institutions
  • $25Interest-bearing balances
  • $21,096Securities
  • $4,318Federal funds sold & reverse repurchase agreements
  • $40,522Net loans & leases
  • $610Loan loss allowance
  • $0Trading account assets
  • $6,189Bank premises and fixed assets
  • $0Other real estate owned
  • $35Goodwill and other intangibles
  • $74,212Life insurance assets
  • $1,007All other assets
  • $64,456Total liabilities and capital
  • $59,546Total liabilities
  • $56,770Total deposits
  • $59,546Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,221Trading liabilities
  • $0Other borrowed funds
  • $689Subordinated debt
  • $9,756All other liabilities
  • $9,756Total equity capital
  • $9,756Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $9,756Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $278Income earned, not collected on loans
  • $0Earning assets
  • $294Long-term assets (5+ years)
  • $65,961Average Assets, year-to-date
  • $23,999Average Assets, quarterly
  • $72,861Volatile liabilities
  • $73,399Insider loans
  • $42,620FHLB advances
  • $72,066Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,591Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,051Restructured Loans and leases
  • $1,274Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,529Total interest income
  • $603Total interest expense
  • $1,926Net interest income
  • $60Provision for loan and lease losses
  • $170Total noninterest income
  • $0Fiduciary activities
  • $27Service charges on deposit accounts
  • $0Trading account gains & fees
  • $143Additional noninterest income
  • $2,136Total noninterest expense
  • $965Salaries and employee benefits
  • $396Premises and equipment expense
  • $775Additional noninterest expense
  • -$100Pre-tax net operating income
  • $84Securities gains (losses)
  • -$19Applicable income taxes
  • $3Income before extraordinary items
  • $0Extraordinary gains - net
  • $3Net income attributable to bank
  • $0Net charge-offs
  • $3Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.92%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 2.98%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • -0.07%Net operating income to assets
  • 0.00%Return on assets (ROA)
  • -0.02%Pretax return on assets
  • 0.03%Return on equity (ROE)
  • 0.03%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -6000.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 101,908Assets per employee
  • 4.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 219.42%Noncurrent assets plus other real estate owned to assets
  • 0.37%Noncurrent loans to loans
  • 0.68%Net loans and leases to deposits
  • 68.05%Net loans and leases to core deposits
  • 74.91%Equity capital to assets
  • 13.15%Core capital (leverage) ratio
  • 13.31%Tier 1 risk-based capital ratio
  • 22.50%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $72,861Average earning assets
  • $9,685Average equity
  • $64,548Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017863Granite Savings Bank247 Main Street, Rockport, MA 1966March 21, 1884Full Service Brick and Mortar

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