Bank of Granite

1017 East Morehead Street
Charlotte, NC 28201

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5950
Date Established 1906
Assets $0.67 billion
Loans $0.28 billion
Deposits $0.60 billion
Capital $0.06 billion

Bank of Granite is an FDIC insured institution located in Charlotte, NC. It was founded in 1906 and has approximately $0.67 billion in assets.

For a more detailed analysis of Bank of Granite's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of Granite’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in North Carolina, Bank of Granite has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 33.05
Multifamily
Mortgages
3.09
Credit Card Loans 0.00
Consumer Auto Loans 0.04
Small Business Loans 26.87
Construction and Development Loans 1.18
Commercial Real Estate 53.57
Commercial and Industrial Loans 9.35
Farm Loans 0.01

Savings Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank Of Granite, but see these great savings and CD rates:


Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Granite

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More
Rocket Mortgage
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of Granite
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Bank of Granite branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank Of Granite Locations

Financial Details

Bank of Granite Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Granite. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Granite U.S. Bank Average
75.45% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Granite had $38,108,000 in non-current loans and $14,703,000 in owned real estate. To cover these potential losses it had $63,788,000 in equity and $6,209,000 in loans loss reserves. That gives it a Texas Ratio of 75.45%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Granite U.S. Bank Average
1.44% 8.58

Bank of Granite has a Return on Equity of 1.44% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Granite U.S. Bank Average
9.56% 12.11

Bank of Granite has a Capitalization of 9.56% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Granite Balance Sheet Analysis

As of March 31, 2013, Bank of Granite had assets of $666,954,000, loans of $275,026,000, and deposits of $599,277,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Bank of Granite

Branches and Savings

Is Bank of Granite FDIC insured?

Yes. It is covered under FDIC Certificate #5950.

Why does Bank of Granite pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank of Granite CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank of Granite a commercial bank?

Yes

Where are Bank of Granite locations?

See branch locations nearby.

Is Bank of Granite open on Saturdays?

Is Bank of Granite open on Sundays?

What time does Bank of Granite open?

What time does Bank of Granite close?

Are Bank of Granite ATMs Open 24/7?

Do Bank of Granite ATMs accept cash deposits?

Can Bank of Granite customers use other ATMs?

Do Bank of Granite branches have notaries?

Will Bank of Granite notarize my document?

What address for Bank of Granite should I put for incoming ACH transfers?

Will the Bank of Granite branch print checks?

Do Bank of Granite checks expire?

Does Bank of Granite require US citizenship to open account?

Can Bank of Granite close my account?

Does Bank of Granite Report to credit bureaus?

Does Bank of Granite Use Equifax?

What is Bank of Granite's ACH Routing Number?

What is Bank of Granite's SWIFT code?

Products

Does Bank of Granite offer mortgages?

Compare mortgage rates here.

Does Bank of Granite offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Granite offer personal loans?

Compare personal loan rates here.

Does Bank of Granite offer student loans?

Will Bank of Granite cash a check?

Will Bank of Granite redeem a savings bond?

Does Bank of Granite cash savings bonds?

Will Bank of Granite cash money orders?

Can Bank of Granite issue a money order?

Does Bank of Granite do currency exchange?

Background on The Bank

Who owns Bank of Granite?

How long has Bank of Granite been around?

Can Bank of Granite transfer to other banks?

Does Bank of Granite have quick pay?

Does Bank of Granite accept rolled coins?

Will Bank of Granite accept loose change?

Where is Bank of Granite headquarters?

Customer Reviews for Bank of Granite

There are currently no comments for Bank of Granite. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →