A bank's earnings performance has an effect on its long-term survivability. A bank can retain its earnings, boosting its capital cushion, or use them to address problematic loans, likely making the bank better able to withstand financial trouble. Losses, on the other hand, lessen a bank's ability to do those things.
On Bankrate's earnings test, Granite Mountain Bank Inc dba Granite Mountain Bank scored 10 out of a possible 30, lower than the national average of 15.12.
Return on equity, calculated by dividing net income (essentially, profit) by total equity, is one important way to measure a bank's earnings. The most recent annualized quarterly return on equity for Granite Mountain Bank Inc dba Granite Mountain Bank was 4.70 percent, below the national average of 8.10 percent.
For the twelve months ended December 31, 2017, the bank reported net income of $307,000 on total equity of $6.5 million. The bank experienced an annualized return on average assets, or ROA, of 0.41 percent, below the 1 percent deemed satisfactory in accordance with industry standards and below the average for U.S. banks of 1.00 percent.