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Granite Community Bank, Financial Information

About Granite Community Bank

 Address:
202 2nd Avenue South
Cold Spring, MN
Stearns County, Minnesota
 Established:
Jan 1902
 Number of domestic offices:
1
Total assets$147M
Net income$2M
Net income, quarterly$0M
Total deposits$127M
Domestic deposits$127M
Equity capital$12M
ROA1.2%
ROAQ, quarterly0.54%
ROA, pretax0.54%
ROAQ, quarterly, pretax0.7%
ROE14.62%
ROEQ, quarterly6.9%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The mission of Granite Community Bank is to provide personalized financial services to businesses, organizations and individuals of the communities we serve and the surrounding area.

H.A. Barnes first chartered The First National Bank of Cold Spring under the name of State Bank of Cold Spring on May 2, 1902, with beginning assets of $11,000. Three years later the bank was renamed The First National Bank of Cold Spring and reached assets of $35,000.

In March, 2010, Gerald Reiter joined the bank as President and CEO. The assets of the bank in December, 2011, have grown to $75,000,000. Today there are currently 32 employees at Granite Community Bank, including the Rockville Branch, Mortgage Department, Cetera Investment Services and The First National Insurance Agency.

Contact information:
Main Bank: 320-685-8611
Rockville Branch: 320-251-7580
Insurance: 320-685-4004
Spicer Office: 320-796-2265
Cetera Investment Services: 320-685-6289
Toll Free: 800-685-4004
Fax Number: 320-685-5260

Historical Data