Bank of Granite in city_name, state_name - Detailed Financial Reports, Location

Bank of Granite in Granite Falls, North Carolina (NC)
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Bank of Granite routing number info

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
WWW: http://www.bankofgranite.com
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

No	ID	Name	Address	Established	Service Type
0	4039	Bank Of Granite	23 North Main Street, Granite Falls, NC 28630	January 01, 1906	Full Service Brick and Mortar
1	208520	Hudson Office	537 Main Street, Hudson, NC 28638	September 01, 1961	Full Service Brick and Mortar
2	208521	Lenoir Office	707 College Avenue Sw, Lenoir, NC 28645	Febuary 23, 1960	Full Service Brick and Mortar
3	208522	Hickory Office	25 Third Street, N.W., Hickory, NC 28601	July 20, 1970	Full Service Brick and Mortar
4	208523	Whitnel Office	1351 Norwood Street, S.W., Lenoir, NC 28645	May 03, 1972	Full Service Brick and Mortar
5	208524	Newton Office	311 North Main Avenue, Newton, NC 28658	Febuary 01, 1984	Full Service Brick and Mortar
6	208525	Springs Road Office	2220 12th Avenue, N.E., Hickory, NC 28601	October 01, 1985	Full Service Brick and Mortar
7	208526	Viewmont Office	1420 2nd Street, Ne, Hickory, NC 28601	July 15, 1987	Full Service Brick and Mortar
8	208527	Morganton Office	201 East Meeting Street, Morganton, NC 28655	July 10, 1989	Full Service Brick and Mortar
13	208532	Mountain View Office	2900 Highway 127 South, Hickory, NC 28602	March 16, 1998	Full Service Brick and Mortar
16	56973	Charlotte / Uptown Office	301 South Mcdowell Street, Suite 100, Charlotte, NC 28204	July 31, 1996	Full Service Brick and Mortar
17	290475	South Park Office	3920 Sharon Road, Charlotte, NC 28211	January 02, 1998	Full Service Brick and Mortar
18	357572	Cornelius Office	18225 West Catawba Avenue, Cornelius, NC 28031	June 12, 2000	Full Service Brick and Mortar
19	424739	Conover Office	1109 Conover Boulevard East, Conover, NC 28613	December 15, 2003	Full Service Brick and Mortar
20	429655	Wilkesboro Office	2841 Highway 421 West, Wilkesboro, NC 28697	August 29, 2003	Full Service Brick and Mortar
21	429656	Boone Office	230 Wilson Drive, Boone, NC 28607	August 29, 2003	Full Service Brick and Mortar
23	439915	Matthews Office	2432 Mckee Road, Matthews, NC 28105	April 04, 2005	Full Service Brick and Mortar
24	455605	Statesville Office	207 South Center Street, Statesville, NC 28677	October 10, 2006	Full Service Brick and Mortar

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

Bank of Granite - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Bank of Granite - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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