Granite Savings Bank
Rockport, MA — Domestic Branch of a Domestic Bank
Acquired Jan 2015
Vitals
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Total Assets65.0M -5.4 %
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Total Deposits55.8M 4.1 %
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Total Net Loans30.4M -24.0 %
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Net Income-685000.0000 -3,361.9 %
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Book Value8.8M -10.6 %
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Book Value x217.5M -10.6 %
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Book Value x326.3M -10.6 %
Balance Sheet Highlights
| Financial Highlights | Granite Savings Bank | All Insured Savings Banks in Massachusetts |
| Balance Sheet $(000) | ||
| Total Assets | 64,975 | 605,113 |
| Total Net Loans | 30,400 | 446,621 |
| Total Deposits | 55,829 | 471,763 |
| Total Equity | 8,774 | 67,472 |
| Profitability | ||
| Net Income | -685 | 3,275 |
| Return on Average Assets | -1.003 | .456 |
| Return on Average Equity | -7.195 | 4.073 |
| Net Interest Margin | 2.096 | 3.152 |
| Efficiency Ratio | 165.754 | 80.704 |
| Noninterest Income/Revenue | 12.296 | 14.069 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 54.452 | 92.441 |
| Securities/Assets | .114 | .153 |
| Total Equity/Total Assets | .135 | .112 |
| Tangible Equity/Tangible Assets | .134 | .11 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 8,971 | 65,303 |
| Tier 2 Capital | 457 | 5,011 |
| Total Capital | 9,428 | 70,391 |
| Total Risk Weighted Assets | 36,401 | 410,395 |
| Leverage Ratio | 13.72 | 10.924 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 24.64 | 16.909 |
| Total Capital Ratio | 25.9 | 18.1 |
Timeline for Granite Savings Bank
Cape Ann Savings Bank
Granite Savings Bank was acquired by Cape Ann Savings Bank 9 years
View Profile Jan 17 2015
Granite Savings Bank
Granite Savings Bank was established 140 years ago and is currently headquartered in Rockport, MA.
Mar 21 1884| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Cape Ann Savings Bank | Buyer | 592,438 | Acquisition | Discontinued | 1/17/2015 |
| Relationships | Role | Relationship Start | Relationship End |
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