Granite Bank is a bank based in Cold Spring, Minnesota, established in 1902, with $347 million in total assets across 2 branches. By Trust Grade it ranks 136th of 224 banks we track in Minnesota. Its capital ratio of 8.7% trails most similarly sized banks (25th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.17% return on assets. No consumer complaints against Granite Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Granite Bank compares to Minnesota peers
How we graded Granite Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.7% capital ratio)
- Strongly profitable (ROA 1.17%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Granite Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 202 2nd Ave S, Cold Spring, MN 56320
- 11660 Theatre Dr N, Champlin, MN 55316
Are deposits at Granite Bank insured?
Yes. Granite Bank is an FDIC-insured bank (FDIC certificate #5116). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Granite Bank: frequently asked questions
Is Granite Bank a good bank?
Granite Bank earns a Bankzia Trust Grade of A (93/100, "Excellent"), based on a financial-strength score of 93/100 (it has no CFPB complaints on record). Well-capitalized (8.7% capital ratio); Strongly profitable (ROA 1.17%).
Is Granite Bank FDIC-insured?
Yes. Granite Bank is a FDIC-insured bank (FDIC certificate #5116). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Granite Bank?
Granite Bank holds $347 million in total assets, ranking 136th of 224 banks we track in Minnesota. It operates 2 branches.
Does Granite Bank have CFPB complaints?
No CFPB complaints against Granite Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
