# BANK OF GRANITE
CHARLOTTE, NC · FDIC certificate 5950 · asset band $300M-1B · latest filing 2013-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $667.0M | |
| Deposits | $599.3M | |
| Loans and leases | $281.2M | |
| Total equity | $63.8M | |
| Loans / deposits | 45.89% (p7 of band) | 74.76% |
| Liquid assets / assets | 52.21% (p90 of band) | |
| Uninsured deposits / deposits | 7.07% (p12 of band) | 16.74% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p6 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.51% (p20 of band) | 9.77% |
| Unrealized securities loss / equity | -2.07% (p2 of band) | 2.98% |
| AOCI / equity | -2.11% (p5 of band) | |
| ROA (annualized) | 0.14% (p8 of band) | 0.80% |
| Net interest margin | 4.09% (p82 of band) | 3.52% |
| Efficiency ratio | 97.09% (p94 of band) | |
| Noncurrent loans | 13.55% (p99 of band) | 1.55% |
| Net charge-offs (annualized) | -0.09% (p4 of band) | |
| Reserve coverage of noncurrent | 16.29% | |
| Real estate % of loans | 90% | |
| Construction % of loans | 5.08% (p12 of band) | |
| Auto loans | $120,000 (0.04% of loans; DQ 12.50%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -11.9% | |
| Employees | 134 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 8 | leverage <7%, leverage <5%, losing money, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 7 |  | construction >100% equity |
| 2011-09 | 6 |  | noncurrent p90 |
| 2011-12 | 2 | NIM <2.5% | leverage <7%, leverage <5%, losing money, charge-offs p90 |
| 2012-03 | 5 | noncurrent p90, deposits shrinking, assets shrinking, uninsured deposits leaving | NIM <2.5% |
| 2012-06 | 5 |  |  |
| 2012-09 | 5 |  |  |
| 2012-12 | 5 |  |  |
| 2013-03 | 5 | expense ratio p90 | uninsured deposits leaving |

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

- 2011-10-18 [Shareholders Say 'Bye, Bye' To Bank Of Granite - WFAE](https://news.google.com/rss/articles/CBMijAFBVV95cUxPTEQyVS1Ub09qWnZDUGpTNjZDVUJNdmdJWkRVQ25heDBWang2bXVYM3c5dThaTVIzZ3NVeWw0a1JnZWtseXlHMzEtSWtmWWVzS2VfSVA3d3k0LVRCWDZyTmJqMkJDdDg4c1ZnZFEtRWhvdlhSbFFRWnF5MVZ4UlJkMXdHRzMwOGZiaXRfcA?oc=5) · WFAE
- 2010-07-07 [John Forlines, Former Duke Trustee and Duke Alumni Association President, Dies - Duke Today](https://news.google.com/rss/articles/CBMiV0FVX3lxTE54OVEzalJENVZTdlFORWdpb3pQenBFSFZ0WnVBQzlCMlhadlFjQVNkTVYzWFY1NTMyRU1zQTl4UGo4WEtGcDM0LWF1Sm04Snl6NHNvbDRCZw?oc=5) · Duke Today
- 2016-12-02 [Money talk: Capital gains - Business North Carolina](https://news.google.com/rss/articles/CBMiXEFVX3lxTE14TEhFZjNNdDJnTmltTDVPZnMxV1pMTDMtMDZCNGdoYlhYNGVuUlFXcW80WUJPQzJzVU1LNXdOQlczYWxmdUE2V2VsX3loR3RaSjNZMjFGc3l5MWNE?oc=5) · Business North Carolina
- 2023-03-22 [Dr. Troy L. Day Obituary Mar 22, 2023 - Whitley's Funeral Home](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9yeWF3YkxlRlVXeThqNFJIdmktdldLZGdOblNfWU9rTHM4X0d6Nlk1bTlzdVE5OGVoYTBkdWRNd0o5SW8tRTN4VXJpYmRUUHBrVzNlZ0Q2TWg0Q1gtVVhOaUtwRGl1a0Jl?oc=5) · Whitley's Funeral Home
- 2024-07-11 [Mary Glass Obituary - Lenoir, NC - Dignity Memorial](https://news.google.com/rss/articles/CBMifEFVX3lxTE03aTMzMmQ0VEh0RDdDNzU4dnN5c1FYQVg3cUlHMTdvNjJkVE02ZVRaQTZIZE9iODY3cVViakltTTZ3YUlvRE5KRXdNMHlKb2I0YUFXQ2g5TW5ESjBUdUhxVXJBOG5ZcWdtanRQM0NpVnNadXhXM2Z1dHpvRGw?oc=5) · Dignity Memorial
- 2011-04-27 [Bank Of Granite To Merge With CommunityOne Bank - WFAE](https://news.google.com/rss/articles/CBMilAFBVV95cUxPMnBaakpydWt1TUhadVcyaW1lTjhkUzVJUjNoOTZvNTRKUTZHUjE4YkpMZjk2VXM5ei0zaTZfMTZ2aHhsN2htOW85ckZ0cWFzWmJTRlJrN2UtZnRlcWJSRE8ySExORDVwMVhIMEcwRjk1ZGNxYkRFS0RfWnNCczNSTlR5MENXVVZ4OW9KSlRMNWVuRnlB?oc=5) · WFAE
- 2019-02-27 [Charles Snipes Obituary (1933 - 2019) - Hickory, NC - Charlotte Observer - Legacy obituary](https://news.google.com/rss/articles/CBMijwFBVV95cUxQMFh3ZFNaaDR4TXRWN3p0ZTlhbXdlWFdpWmhkUXpXaTl3RjE4OHg5a0lWT25yaFhxYUxqTUt3ZEdhWWxpeG9NUkN4cjh4MDFNSl8zV2tCaDhoelQzY2VEM3FxTGFhdEFjU2w0MDdaTkM5enlNUjBrUExEQmlQdWxYY01vMG84OWpYVTNVTlNYNA?oc=5) · Legacy obituary
- 2009-03-01 [Alumni House Becomes Forlines House - Duke Today](https://news.google.com/rss/articles/CBMiV0FVX3lxTFBtaEw5WWxnUkZETVE0ajZBQzdSd3VzOTMwT0ZpaHdqbVB4NEV2YnlNUnNiY0lITVFlRk4tRktWemYzaURmUVBQVTJYampkazhPcUhCTV9hbw?oc=5) · Duke Today

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=5950 (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/62.json (key "5950", 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