# GRANITE BANK
COLD SPRING, MN · FDIC certificate 5116 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 6 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $353.2M | |
| Deposits | $289.3M | |
| Loans and leases | $313.8M | |
| Total equity | $31.3M | |
| Loans / deposits | 107.74% (p96 of band) | 82.04% |
| Liquid assets / assets | 6.28% (p1 of band) | |
| Uninsured deposits / deposits | 21.13% (p33 of band) | 25.97% |
| Brokered deposits | 12.99% | |
| Wholesale funding | 21.07% (p94 of band) | |
| FHLB advances / assets | 7.65% | |
| Tier 1 leverage | 8.53% (p6 of band) | 10.81% |
| Unrealized securities loss / equity | -2.49% (p76 of band) | -8.10% |
| AOCI / equity | -0.42% (p45 of band) | |
| ROA (annualized) | 1.37% (p55 of band) | 1.28% |
| Net interest margin | 4.63% (p85 of band) | 3.91% |
| Efficiency ratio | 88.25% (p94 of band) | |
| Noncurrent loans | 1.38% (p81 of band) | 0.43% |
| Net charge-offs (annualized) | 0.03% (p71 of band) | |
| Reserve coverage of noncurrent | 48.10% | |
| Real estate % of loans | 80% | |
| Construction % of loans | 75.99% (p75 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 5.8% | |
| Employees | 275 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **liquid assets <10%** (`liq_thin`)
- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 0 |  | reserve under noncurrent |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 1 | capital falling |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | uninsured deposits leaving |  |
| 2014-06 | 0 |  | capital falling, uninsured deposits leaving |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 2 | capital falling, reserve under noncurrent |  |
| 2015-06 | 2 |  |  |
| 2015-09 | 1 |  | reserve under noncurrent |
| 2015-12 | 2 | noncurrent p90, reserve under noncurrent | capital falling |
| 2016-03 | 1 |  | noncurrent p90 |
| 2016-06 | 0 |  | reserve under noncurrent |
| 2016-09 | 1 | uninsured deposits leaving |  |
| 2016-12 | 1 | reserve under noncurrent | uninsured deposits leaving |
| 2017-03 | 2 | charge-offs p90 |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 | construction >100% equity | reserve under noncurrent |
| 2017-12 | 3 | capital falling |  |
| 2018-03 | 1 |  | charge-offs p90, capital falling |
| 2018-06 | 3 | brokered >10%, wholesale funding >15% |  |
| 2018-09 | 1 |  | brokered >10%, wholesale funding >15% |
| 2018-12 | 2 | capital falling |  |
| 2019-03 | 1 |  | capital falling |
| 2019-06 | 1 |  |  |
| 2019-09 | 2 | capital falling |  |
| 2019-12 | 1 |  | capital falling |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | loans exceed deposits |  |
| 2020-09 | 1 |  | loans exceed deposits |
| 2020-12 | 0 |  | construction >100% equity |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | assets shrinking |  |
| 2021-09 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2021-12 | 0 |  | assets shrinking, deposits shrinking, uninsured deposits leaving |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | uninsured deposits leaving |  |
| 2022-09 | 0 |  | uninsured deposits leaving |
| 2022-12 | 0 |  |  |
| 2023-03 | 3 | loans exceed deposits, wholesale funding >15%, liquid assets <10% |  |
| 2023-06 | 5 | brokered >10%, capital falling |  |
| 2023-09 | 4 |  | capital falling |
| 2023-12 | 4 |  |  |
| 2024-03 | 5 | capital falling, reserve under noncurrent | loans exceed deposits |
| 2024-06 | 6 | loans exceed deposits |  |
| 2024-09 | 4 |  | capital falling, reserve under noncurrent |
| 2024-12 | 4 |  |  |
| 2025-03 | 3 |  | loans exceed deposits |
| 2025-06 | 5 | loans exceed deposits, expense ratio p90 |  |
| 2025-09 | 5 |  |  |
| 2025-12 | 6 | reserve under noncurrent |  |
| 2026-03 | 6 |  |  |
| 2026-06 | 6 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-11-17 [Biz Buzz: Granite Bank among fastest-growing private companies in 24-county area - St. Cloud Live](https://news.google.com/rss/articles/CBMitwFBVV95cUxQNW5iZDNTVG40Szd0YXI5eUpmV1VsSFhQWEJVTDUyTjhvNzQtQTg1THlzYjJVS2tSWmduUHhUNnlyZU5oRXR3WVdPTU9xbWFHSUJxSGl0cWVoX3dhTkVLNDR6bk1Xam1zcHFMMU5POW1pcS1UQmlqTmh0RW5hTnJ0MWpBTm1wZkwxU09sZFNxUmJlTmRBSHhfTDQ2ZG03eVBBZWdEMHQ0QWNtNzZxNmdjOTVpbkJUZVU?oc=5) · St. Cloud Live
- 2025-10-23 [Fast 50: Granite Bank makes The List's top 5 - The Business Journals](https://news.google.com/rss/articles/CBMimgFBVV95cUxOV0xvOTdhbVJUUU1rdUgxRnpKYTBrdUdkVXZsdllCRjg3bmlWbWVpRWp3Y3R0aENvYW92bWVabGpOZi1SNEpuMGd3YUZyZm9Bd2ZGbEN5YnRNRnFxQjR4WFZRd1VhNGE5cW9Tb2NjbURmVDZNZUZCTnNRbVlJTzRiUmI4TUZCT1QycEhZUEJFOTdnUXNSNjR1N1Rn?oc=5) · The Business Journals
- 2026-02-12 [Granite Bank Announces Partnership with RE/MAX Results - themalaysianreserve.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxOOVY0U1YyNm13SmdGc0c5MWN4OWMwSVVYS05DbGg5dUp3di1ZbU05Zy02TXEweUlELVcwb2RwcS1mUHN2MzhIZDVlSW44TFNtQmVibmQ3eEp2N3BxbHFNR0VhVno0RjR0TEZPd0R0X3h2UXI2T29xWGlueFc4aVg1M1hTXzVhbEJjNm5MWGJnNVp6WlhJNnd4N0J6SzNlRjQ?oc=5) · themalaysianreserve.com
- 2022-12-07 [Granite Mortgage Opens In Minnesota - National Mortgage Professional](https://news.google.com/rss/articles/CBMihAFBVV95cUxQVHRKcWJ3YUs3Rmw3ZGcxU3Q1U3EtelJ2dER2LURSMWpIUVNuUHlzVHYyOFJ5SHM4aU4ySkVvWGpqZlc4SW00ZEFybWxxa0lBUnh5djkteXpzNDB0NWlXVXU5LWpGSTFGbS0taUpXLWg5VTBqNGlGTWVhdDI1T05mY2lqZkM?oc=5) · National Mortgage Professional
- 2024-06-14 [Minnesota’s REVocity names two directors of capital development - REJournals](https://news.google.com/rss/articles/CBMijwFBVV95cUxNUWl0akxBWmhQTEYzOVN3LUVXTmdHLVpnamlteUdkUmV4YWduM2NFMzhNRUFKanRuc1N0dHVJUExqUXE4Ni12WWJLTmtWSjVDMlljREZVQ1R1ZzhhNnJ0MzZDYlJFMS0xS1lRc212ODdIazZDWGk2VmRfRlZOWl80UnRkNE1Bd2lDRTk3aUdLaw?oc=5) · REJournals
- 2026-07-02 [Council members will challenge incumbent Brooklyn Park mayor in election - hometownsource.com](https://news.google.com/rss/articles/CBMiigJBVV95cUxObVZPMl90NUo0SF9abGJiT3o5dTJzZ1gxWWJ3XzJwUDBjTDN4eUpMa1BtcEZyMlJiaDgzUzU1ZEJlbGxUQmE4aUJ2aXZxcG1pRE9BV3F3cG9GUEZxSnBOYjBIVlEyQ2dTQlVrT3ZSa0RiemZqVzMxTTRSRUJMWVctTVJyZTJTZUlhdFhYWFVKcDdVV1h5Q09UTnA5VFRfZFVjOGkyZEpCWUVIeGFBRzhwd0RnSTlzRFVkaEVCSWlMVjVJZjAxdTByTDFwVGxKYWZnUnhIUFQzNGlPVGgwZk9uVTI4LTd5bjlWTmgxblhHZHNObW04TnkybVozLV9mUXVhR2NqN1FoZDZFUQ?oc=5) · hometownsource.com
- 2023-09-12 [Top 10 Minnesota SBA lenders for 2023 announced - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQeWFfOHBKTWVrMEt5NDZDT0lWbWdRTm9OcTk5aFdxSmFOV2EtWDdfRTZMTTFBbDVDOUtqdkR0QlJUMVpZSjdLZjl3T3lNc0tUUkZHU2cta1ZJZ1VYazM1Nm83QUZ0ZzA5blVGcnQ5TnJuOHROdDNhRXVUa0JNcy13ZGFOY3laTWtiSVRkZndOMzBfZ1F5aEVOdFQ5Q3JCS002ZmRRWkpRUFpDaFE?oc=5) · The Business Journals
- 2026-08-12 [Minneapolis/St. Paul Business Journal names 50 fastest-growing private companies - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxQVng0RW9MWnNCaVdNRk5vaHRCMTBhQlJUN0Y5RE5VOGprWFEzWmlHRF9zVkJPVjkxaFBaeEYwRHFrUUVRLVItaEx1TDFfYUhpNzFKYlFLUlRzazZxbHlmQ1ZKaUE1YTVhVURvRExfY2VTcWlHd2Zmck9QMkNnMzc2NmF2Z3V0aG5WR2FOWDZOSnhkMms1NEk0OFNDejU3dm9s?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=5116 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/60.json (key "5116", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide