🏦Bank Scorer

This institution is no longer active

Operations ceased on January 17, 2015. CRA examination history below reflects the period it was active.

GRANITE SAVINGS BANK

ROCKPORT, MA · Supervised by FDIC

Est. 1884FDIC #90,273RSSD: FDIC-90273
Satisfactory Same

Current rating · Exam: December 2009

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -1.01%

Institution Profile

FDIC BankFind

Address

247 Main Street, ROCKPORT, MA

County

Essex County

Established

March 21, 1884

Total Assets

$65M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

December 1, 2009

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 16 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 2014Call Report / FDIC

Total Assets

$65M

Total Deposits

$56M

Net Loans

$30M

Net Income

$-685K

ROA

-1.01%

ROE

-7.20%

Risk-Based Capital

25.90%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

5 previous ratings locked — dating back to 1992

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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