Yahoo! FinanceHome - Yahoo! - Help

Market Guide

[ Stock Screener | Company & Fund Index | Financial Glossary ]

Profile - Bank of Granite Corp. (NasdaqNM:GRAN)
As of 31-Aug-2001
Enter symbol:
symbol lookup

 
More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
July 31Dividend payment of $0.12
Location
23 N. Main St., P.O. Box 128
Granite Falls, NC 28630
Phone: (828) 496-2000
Fax: (828) 496-2116
Email: ktyndall@bankofgranite.com
Employees (last reported count): 230
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Company Website
 ·Home Page

 ·Search Yahoo! for related links...

Ownership
·Insider and 5%+ Owners: 8%
·Over the last 6 months:
 · 3 insider sells; 6,000  shares
  (0.7% of insider shares)
·Institutional: 11% (12% of float)
(64 institutions)
·Net Inst. Selling: 34.0K shares (+2.86%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Bank of Granite Corporation, a bank holding company, engages in no operations other than ownership and operation of Bank of Granite, a state bank, and GLL & Associates, Inc., a mortgage bank. The Company conducts its banking business from 14 offices located in Caldwell, Catawba and Burke counties in North Carolina. The Bank's principal activities include the taking of demand and time deposits and the making of loans, secured and unsecured, to individuals, associations, partnerships and corporations. The majority of its customers are individuals and small businesses. The Company conducts its mortgage banking business from seven offices in the Central and Southern Piedmont and Catawba Valley regions of North Carolina. GLL's principal activities include the origination and underwriting of mortgage loans to individuals. GLL also sells mortgage servicing rights and appraisal services, and specializes in government guaranteed mortgage products. The majority of its customers are individuals.
More from Market Guide: Expanded Business Description

Financial Summary
Bank of Granite Corp., is a holding company for Bank of Granite, a commercial bank with branches located in NC, and GLL and Associates, a mortgage bank. For the six months ended 6/30/01, total interest income rose 4% to $27.6 million. Net interest income after loan loss prov. fell 15% to $13.9 million. Net income fell 16% to $6.5 million. Net interest income reflects increased interest earning assets, offset by higher deposits. Earnings reflect an increase in salaries.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

John Forlines, Jr., 82
Chairman, CEO
$348K$53K
Charles Snipes, 67
Pres
279K53K
Kirby Tyndall, 45
CFO, Sr. VP, Treasurer, Sec.; Director of GLL
137K--  
Gary Lackey, 50
Pres and CEO of GLL
147K--  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:GRANAs of 31-Aug-2001
Price and Volume
52-Week Low
on 20-Apr-2001
$18.86 
Recent Price$21.63 
52-Week High
on 29-Dec-2000
$23.938
Beta-0.04 
Daily Volume (3-month avg)5,727 
Daily Volume (10-day avg)8,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-5.7%
52-Week Change
relative to S&P500
+26.5%
Share-Related Items
Market Capitalization$240.2M
Shares Outstanding11.1M
Float10.2M
Dividends & Splits
Annual Dividend (indicated)$0.48 
Dividend Yield2.22%
Last Split: 5 for 4 on 1-June-1998
Per-Share Data
Book Value (mrq)$11.06 
Earnings (ttm)$1.28 
Earnings (mrq)$0.24 
Sales (ttm)$5.04 
Cash (mrq)$2.23 
Valuation Ratios
Price/Book (mrq)1.96 
Price/Earnings (ttm)16.91 
Price/Sales (ttm)4.29 
Income Statements
Sales (ttm)$56.3M
EBITDAN/A 
Income available to common (ttm)$14.3M
Profitability
Profit Margin (ttm)25.4%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)2.14%
Return on Equity (ttm)11.97%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0 
Total Cash (mrq)$24.8M
Short Interest
As of 8-Aug-2001
Shares Short31.0K
Percent of Float0.3%
Shares Short
(Prior Month)
32.0K
Short Ratio6.20 
Daily Volume5,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

Market Guide offers more in-depth Company Research, Stock Screening, and Hottest Stocks and Industries on over 10,000 U.S. Equities.


Copyright © 2001 Yahoo! Inc. All Rights Reserved. Privacy Policy - Terms of Service
Company information Copyright Market Guide. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither Yahoo nor any of its data or content providers (such as Market Guide, CSI, etc.) shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon.