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

Granite Bank in Keene, New Hampshire (NH)
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Granite Bank - Overview

General
FDIC Certificate #: 17992
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Ocean Bank (#4264)
Federal Reserve ID: 375409
Date Established: March 28, 1895
WWW: http://www.granitebank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 17 (Interstate: No)
OTS Docket #: 7855
FDIC's unique #: 11923
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: April 30, 1959
Last Structure Change Effective Date: May 28, 2004
Last Structure Change Process Date: June 24, 2004
Last Data Update: June 24, 2004
Data Source Date: April 05, 2012
Location
Address: 122 West Street, Keene, NH 3431
County: Cheshire
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Concord
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Core Based Statistical Area (CBSA): Keene, NH (#28300)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $1,038.5 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, 2003)

Dollar figures in thousands
285Total employees (full-time equivalent)
$1,051,544Total assets
$20,309Cash and due from depository institutions
$1Interest-bearing balances
$302,607Securities
$0Federal funds sold & reverse repurchase agreements
$518,822Net loans & leases
$7,630Loan loss allowance
$0Trading account assets
$9,814Bank premises and fixed assets
$0Other real estate owned
$177,705Goodwill and other intangibles
$0Life insurance assets
$22,287All other assets
$1,051,544Total liabilities and capital
$807,322Total liabilities
$718,012Total deposits
$615,829Interest-bearing deposits
$718,012Deposits held in domestic offices
0.00%% insured (estimated)
$82,662Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$6,648All other liabilities
$244,222Total equity capital
$244,222Total bank equity capital
$244,222Perpetual preferred stock
$0Common stock
$503Surplus
$236,566Undivided profits
Memoranda
$7,153Noncurrent loans and leases
$81,976Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,293Earning assets
$1,736Long-term assets (5+ years)
$5,131Average Assets, year-to-date
$821,430Average Assets, quarterly
$183,163Volatile liabilities
$1,192,677Insider loans
$1,150,924FHLB advances
$117,832Loans and leases held for sale
$3,697Unused loan commitments
$0Tier 1 (core) risk-based capital
$20,000Tier 2 risk-based capital
$2,935Total risk weighted assets
$81,976Total unused commitments
$0Restructured Loans and leases
$7,533Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$32,962Total interest income
$8,525Total interest expense
$24,437Net interest income
$0Provision for loan and lease losses
$12,879Total noninterest income
$0Fiduciary activities
$2,189Service charges on deposit accounts
$0Trading account gains & fees
$10,690Additional noninterest income
$22,839Total noninterest expense
$12,705Salaries and employee benefits
$3,039Premises and equipment expense
$7,095Additional noninterest expense
$14,477Pre-tax net operating income
$2,684Securities gains (losses)
$6,685Applicable income taxes
$10,476Income before extraordinary items
$0Extraordinary gains - net
$10,476Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$306Sale, conversion, retirement of capital stock, net
$4,000Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
3.36%Yield on earning assets
0.87%Cost of funding earning assets
2.49%Net interest margin
1.31%Noninterest income to earning assets
2.32%Noninterest expense to earning assets
0.73%Net operating income to assets
0.88%Return on assets (ROA)
1.44%Pretax return on assets
4.93%Return on equity (ROE)
3.05%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
47.31%Efficiency ratio
57,570Assets per employee
3.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.18%Loss allowance to loans
1.45%Loss allowance to noncurrent loans
144.15%Noncurrent assets plus other real estate owned to assets
0.50%Noncurrent loans to loans
1.01%Net loans and leases to deposits
72.26%Net loans and leases to core deposits
75.98%Equity capital to assets
23.23%Core capital (leverage) ratio
7.48%Tier 1 risk-based capital ratio
11.24%Total risk-based capital ratio
Memoranda
$12Average assets
$1,192,677Average earning assets
$212,516Average equity
$982,433Average loans

Granite Bank in Keene, New Hampshire (NH)
Overview, Financial Summary, Detailed Financial Reports, Branches

Granite Bank - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

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

Granite Bank in Keene, New Hampshire (NH)Overview, Financial Summary, Detailed Financial Reports, Branches

Granite Bank - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

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

Granite Bank in Keene, New Hampshire (NH)
Overview, Financial Summary, Detailed Financial Reports, Branches