Granite Bank
Cold Spring, MN · Owner: First Bancshares Cold Spring
$353M
total assets, June 30, 2026
$353M
total assets, June 30, 2026
Granite Bank is a state nonmember bank based in Cold Spring, MN, owned by First Bancshares Cold Spring. As of June 30, 2026 it held $353.2 million in assets and $289.3 million in deposits; assets were up 7.7% from a year before. It has 2 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$353M
+7.7% in a year · +1.8% in a quarter
Deposits
$289M
+5.8% in a year · -2.7% in a quarter
Loans
$314M
+9.3% in a year · +1.7% in a quarter
Profit so far
$2.4M
Jan 1 to Jun 30, 2026 · +58.4% in a year
Capital ratio
8.53%
+0.03 pts in a year
Return on assets
1.36%
+0.41 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 202 2nd Ave S, Cold Spring, MN, 56320
- County
- Stearns
- Holding company
- First Bancshares Cold Spring
- Established
- Jan 1, 1902
- Employees
- 275
- Branches
- 2
- Website
- www.granitebank.com
- Id
- b5116
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
2 offices as of June 30, 2026, holding $289.3 million in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Minnesota | 2 | $289M | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| Granite Bank (main office) | Cold Spring, MN | $211M |
| Champlin Branch | Champlin, MN | $78.6M |
Related pages
Questions and answers
How big is Granite Bank?
$353.2 million in total assets and $289.3 million in deposits as of June 30, 2026, with assets up 7.7% from a year before. Its loans were $313.8 million.
How many branches does Granite Bank have?
2 branches in Minnesota as of June 30, 2026.
Is Granite Bank profitable?
Yes: it earned $2.39 million from January 1 to June 30, 2026 (up 58.4% from the same months a year before). Its return on assets was 1.36% a year; about 1% is typical.
Who owns Granite Bank?
Granite Bank is owned by First Bancshares Cold Spring, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.