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Granite Bank
Cold Spring, MN · FDIC Certificate #5116 · Chartered 01/0
Total assets
$353.17M
Total deposits
$289.32M
Total equity
$31.30M
Net loans
$311.70M
Branches (offices)
2
Net income (YTD)
$2.39M
Rank: #2,241 of 4,213 U.S. banks by assets · #75 of 221 in Minnesota. Assets changed 7.7% and deposits 5.8% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.37% |
| Return on equity | 15.69% |
| Net interest margin (YTD) | 4.63% |
| Equity to assets | 8.86% |
| Tier 1 leverage ratio | 8.53% |
| Uninsured deposits (share of deposits) | 21.1% |
| Noncurrent loans (share of loans) | 1.38% |
| Net charge-offs (share of loans) | 0.04% |
| Loans to deposits | 107.7% |
| Real estate loans (share of loans) | 80.1% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $249.74M | 80.1% | |
| Commercial & industrial | $49.38M | 15.8% | |
| Consumer / individual | $4.66M | 1.5% | |
| Construction & development | $23.79M | 7.6% | |
| Agricultural | $5.84M | 1.9% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $136.07M | $123.64M | $920.00K | $12.13M |
| Jun 2023 | $269.73M | $211.64M | $856.00K | $24.03M |
| Jun 2024 | $292.80M | $251.70M | $428.00K | $26.36M |
| Jun 2025 | $327.99M | $273.44M | $1.51M | $29.18M |
| Jun 2026 | $353.17M | $289.32M | $2.39M | $31.30M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $289.32M | 2 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $289.32M.
Similar-sized banks
First State Bank Of Texas ($353.63M) · Mutual Savings Bank ($352.88M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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