# GRANITE SAVINGS BANK
ROCKPORT, MA · FDIC certificate 90273 · asset band <$300M · latest filing 2014-12 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (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 | $65.0M | |
| Deposits | $55.8M | |
| Loans and leases | $31.0M | |
| Total equity | $8.8M | |
| Loans / deposits | 54.45% (p24 of band) | 71.50% |
| Liquid assets / assets | 39.85% (p62 of band) | |
| Uninsured deposits / deposits | 7.31% (p22 of band) | 13.21% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.72% (p83 of band) | 10.45% |
| Unrealized securities loss / equity | 1.57% (p66 of band) | 0.49% |
| AOCI / equity | -4.08% (p0 of band) | |
| ROA (annualized) | -1.01% (p3 of band) | 0.81% |
| Net interest margin | 2.29% (p5 of band) | 3.66% |
| Efficiency ratio | 165.75% (p99 of band) | |
| Noncurrent loans | 1.42% (p67 of band) | 0.76% |
| Net charge-offs (annualized) | 0.00% (p24 of band) | |
| Reserve coverage of noncurrent | 136.90% | |
| Real estate % of loans | 99% | |
| Construction % of loans | 4.86% (p28 of band) | |
| Auto loans | $55,000 (0.18% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 4.1% | |
| Employees | 13 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | losing money, expense ratio p90 |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 3 | capital falling |  |
| 2011-12 | 1 |  | losing money, capital falling |
| 2012-03 | 1 |  |  |
| 2012-06 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2012-09 | 2 |  | deposits shrinking |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 3 | deposits shrinking |  |
| 2013-12 | 4 | assets shrinking |  |
| 2014-03 | 2 | losing money | uninsured deposits leaving, deposits shrinking, assets shrinking |
| 2014-06 | 5 | capital falling, NIM <2.5%, reserve under noncurrent |  |
| 2014-09 | 5 | uninsured deposits leaving | reserve under noncurrent |
| 2014-12 | 4 | assets shrinking | capital falling, uninsured deposits leaving |

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

- 2015-01-20 [Rockport bank opens under Cape Ann Savings banner - Gloucester Daily Times](https://news.google.com/rss/articles/CBMi4AFBVV95cUxPLUpfdlVvMHRYb2hIMU9CYUZHMWdNeklNM0tQUzNrNTU5ejR3cWZZelFreWYyTzNMbWotTkxMV2hPYnpqQTFfb2N3SlR4VjR1c3dvaDA5cjk1czZaRDc0dE9pMGhnNy05NzlkUFhVVy1oaWVCbDE5ZzRQZjhHSWVJaWZFa3M1RUxBWFZJSUpQVTU3MTZ5aWdYSXFGMk11QmF1WC1YaHVuRlBBSnF1cDZJQ3J0RlJlaHphNFlmczc0NXNyUmR3c2o1aHJ6VUJfVi01eUMzTWlSdnpHV2V6LWRiNg?oc=5) · Gloucester Daily Times
- 2025-12-05 [Philip E. Chalmers Obituary (2025) - Gloucester, MA - Greely Funeral Home - Legacy obituary](https://news.google.com/rss/articles/CBMihAFBVV95cUxPb05XWGtPcFdNWXVlZ1Q4RjBjRlFEUzgxN0wzQi11Vi1PNDM3SkhsQmVid0Y5SGFLMVIzSjc0cGxodzBuckVNRTE1cUk2a3lRS05xTXUwdzZjTUgtSUs1TElocWVHY2dCVTZrNjAtUm0yN2QzaHhOSFRqNFAwSlpHaUIxREs?oc=5) · Legacy obituary
- 2017-05-04 [William "Bill" Balzarini - Obituary - Rockport, MA - Casper Funeral Services - CurrentObituary.com](https://news.google.com/rss/articles/CBMiVkFVX3lxTFBHcmtwMW50cWpwMDlKZ01KajRyU1BTSktXZjh3ZXlzbkRIVjV5MVc0MXViSnd0Ump6TUY1SXoyT1lEZnlpdXpYTzdOcUNWX0hQTXlXNW53?oc=5) · CurrentObituary.com
- 2021-10-23 [Walter Franklin Obituary (2012) - Rockport, MA - Boston Globe - Legacy obituary](https://news.google.com/rss/articles/CBMilAFBVV95cUxOM3BMUUdtek1iNHF5UUdfRm5ILWtDTzB5T0NWaE1wRkc2SWVRblRmOXkxbUJaRllVbmVzWXVpQzc2M0pWWXZURVcwZENlMG1VU0h6UWt4OGFxRlJGeVp2bkUzTTBQa3h0VFYzdVZrZWg0WlY4TXhzVVlHa01oQmVITVh6SnZZdjRyZ01uckpZNlhkUUdT?oc=5) · Legacy obituary
- 2017-08-20 [Toad Hall, Rockport bookstore, to close - Gloucester Daily Times](https://news.google.com/rss/articles/CBMi0AFBVV95cUxQQkU0R21NZnptMU83U3hwU1FUb3hGSmRlZnZQOE8zZGJVQkpOU2VlenIwN1VBcHhxZEZSUkJ6S1dvZm5XRU01SUdRTTBabTZYNkUzUktMd1Z1anZaV3hWY0NETlIwdy00NUMtLTktbW9YejYwZkxSMU9KcmdFdVlENUtuYUsxQ2JuWTVHaWZpYmJNazVCaWpucVlRVjY2ZVVwSVhHUTZmOEUtRlh0dEItSW83TGFnZ2xXOUk4WWRuUEY1ZFNlYlBab0Q3MTFPZ1pa?oc=5) · Gloucester Daily Times
- 2022-11-07 [Katherine Langlois Obituary (2018) - Barre, VT - Times Argus - Legacy obituary](https://news.google.com/rss/articles/CBMilwFBVV95cUxQLXk0V0lpRFNyYzhlczQ0Rk03SHZERmVPZEloQkE2bUFVUnlaZFhaTTBrcHRQSWotVkFrTnpSbW1OYTN1U21Ga0xmNFppX3FMQTBLSkxic25Ua2FfX0xFcVFlNEw2N1pobHNfUnM3Ry10b3VsbUZPc2RfVUttR1NRN2JKeV9fWXVCZVd6REV0eTBhTXZFcVFN?oc=5) · Legacy obituary
- 2022-11-07 [Anita Perreault Obituary (2017) - Barre, VT - Times Argus - Legacy obituary](https://news.google.com/rss/articles/CBMikwFBVV95cUxNeS1hcHNZUkV5WDMweDhWcHlFR1hYaXA2Mk43VUJENU1falJDQ2U5aDEzYjEzd05XNUFJOFF3WWNMMmRKcFJfNXJ4dDFycjFyZWlnR2hXV25mRVhIcl9MakltdXIySE9GYlJZTEtaSlpraUdlQzJqdFViQkxvdkRxd0tVWkx2QV9lMl91SWZLLXVMbWM?oc=5) · Legacy obituary
- 2013-11-27 [RAYMOND SMITH Obituary (1938 - 2013) - Rockport, MA - Boston Globe - Legacy obituary](https://news.google.com/rss/articles/CBMikAFBVV95cUxNck5kSmdJa1ZDaXJ6UUVRWmlRNDUxLXY0UzFOYjBHVHdyeDJsa0FzbEp2clNhWXZVVlNlZzNKRHRpZ0h0QUkwV2Q3dUh5VTY1bVFTRW1mbjZYV195SGF0TldyN2JBVnhaUjlsS2ZZcmlrTFloRlU5bFFwa3R2bXZOX1JhTk1WVzVGSS1mZ19uSjc?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=90273 (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/33.json (key "90273", 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