Granite National Bank Financial Statements & Health Reports

Acquired Sep 2003

Vitals

ROAA

12.053

ROAE

Efficiency Ratio

Net Interest Margin

Balance Sheet Highlights

Financial Highlights	Granite National Bank	All Insured Commercial Banks in Ohio
Balance Sheet $(000)
Total Assets	4,112	360,808
Total Net Loans	—	806,941
Total Deposits	500	250,742
Total Equity	3,612	34,664
Profitability
Net Income	408	22,865
Return on Average Assets	12.053	1.401
Return on Average Equity	14.935	12.422
Net Interest Margin	.594	4.112
Efficiency Ratio	74.94	63.194
Noninterest Income/Revenue	99.044	24.177
Balance Sheet Ratios
Loan-to-Deposit	—	79.64
Securities/Assets	.97	1.715
Total Equity/Total Assets	.878	.096
Tangible Equity/Tangible Assets	.878	-.816
Capital Adequacy
Tier 1 Common Capital	—	—
Tier 1 Capital	3,612	30,262
Tier 2 Capital	—	25,736
Total Capital	3,612	35,076
Total Risk Weighted Assets	75	257,495
Leverage Ratio	84.79	9.823
Common Equity Tier 1 Capital Ratio	—	—
Tier 1 Capital Ratio	4816	15.717
Total Capital Ratio	4816	17.108

Granite National Bank was acquired by Comenity Bank 20 years

View Profile Sep 12 2003

Granite National Bank was established 25 years ago and is currently headquartered in Bowling Green, OH.

Aug 01 1998

Acquisitions & Mergers	Role	Assets	Acct Method	Type	Transaction Date
Comenity Bank	Buyer	10,938,516		Sale of Assets	9/12/2003

Relationships	Role	Relationship Start	Relationship End

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