Granite Community Bank, N.A.

Headquarters

4100 Douglas Boulevard
Granite Bay, CA 95746
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Granite Community Bank, N.A. is an FDIC insured institution located in Granite Bay, CA. It was founded in 2002 and has approximately $0.1 billion in assets.

Granite Community Bank, N.A., Granite Bay, California, was closed May 28, 2010 by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Tri Counties Bank, Chico, California, to assume all of the deposits of Granite Community Bank, N.A.

FDIC Insured Yes
FDIC Certificate # 57315
Date Established 2002
Assets $ 108.55 million
Loans $ 85.38 million
Deposits $ 101.79 million
Capital $ 3.61 million
 

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

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Granite Community Bank, N.A.

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 2020

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3.746% 3.625% 1.00 $3,750 $1,141 Learn More
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2.669% 2.625% 0.63 $1,450 $1,005 Learn More
1Rate, Inc
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2.539% 2.500% 0.50 $1,304 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
$0 Learn More
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Note to Granite Community Bank, N.A.
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Branches

Granite Community Bank, N.A. 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


Granite Community Bank, N.A. Locations


Financial Details

Granite Community Bank, N.A. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Granite Community Bank, N.A.. 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
Granite Community Bank, N.A. U.S. Bank Average
197.5% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Granite Community Bank, N.A. had $14,226,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $3,609,000 in equity and $3,594,000 in loans loss reserves. That gives it a Texas Ratio of 197.5%.

Return on Equity
Granite Community Bank, N.A. U.S. Bank Average
-73.62% 7.80%

Granite Community Bank, N.A. has a Return on Equity of -73.62% versus the BestCashCow average of 7.80%. 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
Granite Community Bank, N.A. U.S. Bank Average
3.32% 12.68%

Granite Community Bank, N.A. has a Capitalization of 3.32% versus the BestCashCow average of 12.68. 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.

Granite Community Bank, N.A. Balance Sheet Analysis

As of November 30, -0001, Granite Community Bank, N.A. had assets of $102,913,000, loans of $85,382,000, and deposits of $101,787,000. 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.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 85.38 million
Loan loss allowance $ 3.59 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 101.79 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 108.55 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Granite Community Bank, N.A.’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Granite Community Bank, N.A.’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Granite Community Bank, N.a.

Branches and Savings

Is Granite Community Bank, N.a. FDIC insured?

Yes. It is covered under FDIC Certificate #57315.

Why does Granite Community Bank, N.a. pay such low interest on savings accounts?

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

Why are Granite Community Bank, N.a. CD rates not competitive?

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

Is Granite Community Bank, N.a. a commercial bank?

Yes

Where are Granite Community Bank, N.a. locations?

See branch locations nearby.

Is Granite Community Bank, N.a. open on Saturdays?

Is Granite Community Bank, N.a. open on Sundays?

What time does Granite Community Bank, N.a. open?

What time does Granite Community Bank, N.a. close?

Are Granite Community Bank, N.a. ATMs Open 24/7?

Do Granite Community Bank, N.a. ATMs accept cash deposits?

Can Granite Community Bank, N.a. customers use other ATMs?

Do Granite Community Bank, N.a. branches have notaries?

Will Granite Community Bank, N.a. notarize my document?

What address for Granite Community Bank, N.a. should I put for incoming ACH transfers?

Will the Granite Community Bank, N.a. branch print checks?

Do Granite Community Bank, N.a. checks expire?

Does Granite Community Bank, N.a. require US citizenship to open account?

Can Granite Community Bank, N.a. close my account?

Does Granite Community Bank, N.a. Report to credit bureaus?

Does Granite Community Bank, N.a. Use Equifax?

What is Granite Community Bank, N.a.'s ACH Routing Number?

What is Granite Community Bank, N.a.'s SWIFT code?

Products

Does Granite Community Bank, N.a. offer mortgages?

Compare mortgage rates here.

Does Granite Community Bank, N.a. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Granite Community Bank, N.a. offer personal loans?

Compare personal loan rates here.

Does Granite Community Bank, N.a. offer student loans?

Will Granite Community Bank, N.a. cash a check?

Will Granite Community Bank, N.a. redeem a savings bond?

Does Granite Community Bank, N.a. cash savings bonds?

Will Granite Community Bank, N.a. cash money orders?

Can Granite Community Bank, N.a. issue a money order?

Does Granite Community Bank, N.a. do currency exchange?

Background on The Bank

Who owns Granite Community Bank, N.a.?

How long has Granite Community Bank, N.a. been around?

Can Granite Community Bank, N.a. transfer to other banks?

Does Granite Community Bank, N.a. have quick pay?

Does Granite Community Bank, N.a. accept rolled coins?

Will Granite Community Bank, N.a. accept loose change?

Where is Granite Community Bank, N.a. headquarters?

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