Bank Rhode Island

One Turks Head Place
Providence, RI 02903

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34147
Date Established 1996
Assets $2.13 billion
Loans $1.57 billion
Deposits $1.57 billion
Capital $0.27 billion

Bank Rhode Island is an FDIC insured institution located in Providence, RI. It was founded in 1996 and has approximately $2.13 billion in assets. Customers can open an account via one of its 19 branches.

For a more detailed analysis of Bank Rhode Island's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank Rhode Island’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks, Bank Rhode Island’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.64
Multifamily
Mortgages
10.20
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 9.62
Construction and Development Loans 2.92
Commercial Real Estate 39.26
Commercial and Industrial Loans 23.71
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K 0.25% $1,000 $99,999 Learn MoreShow Less
3 Mo CD 100K 0.25% $100,000 - Learn MoreShow Less
6 Mo CD 10K 0.20% $1,000 $99,999 Learn MoreShow Less
6 Mo CD 100K 0.20% $100,000 - Learn MoreShow Less
12 Mo CD 10K 0.50% $1,000 $99,999 Learn MoreShow Less
12 Mo CD 100K 0.50% $100,000 - Learn MoreShow Less
Special: 15 Mo CD 1.10% $10,000 - Learn MoreShow Less
18MCD10K 0.50% $1,000 $99,999 Learn MoreShow Less
18 Mo CD 100K 0.50% $100,000 - Learn MoreShow Less
24MCD10K 0.50% $1,000 $99,999 Learn MoreShow Less
24 Mo CD 100K 0.50% $100,000 - Learn MoreShow Less
30 Mo CD 10K 0.65% $1,000 - Learn MoreShow Less
36MCD10K 0.65% $1,000 $99,999 Learn MoreShow Less
36 Mo CD 100K 0.65% $100,000 - Learn MoreShow Less
60MCD10K 1.75% $1,000 $99,999 Learn MoreShow Less
60 Mo CD 100K 1.75% $100,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K 0.05% $50 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
FIXIRA0K 0.90% $500 $99,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K 0.25% $100 $99,999 Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K 0.05% $1 $9,999 Learn MoreShow Less
MM 10K 0.35% $10,000 $24,999 Learn MoreShow Less
MM25K 0.35% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K 0.05% $1 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

BestCashCow tracks mortgage, home equity, and auto loan rates. In the future, we will be adding other loan products. Please contact the lender for questions about their loan products.

Home Equity Rates APR Rate Monthly Payment
Line of Credit 3.24% 3.24% Varies Learn MoreShow Less
10 Year Loan 3.74% 3.74% $500.07 Learn MoreShow Less
15 Year Loan 4.19% 4.19% $374.62 Learn MoreShow Less
Refinance Mortgage Rates APR Rate Monthly Payment
15 Year Fixed Conforming 2.95% 2.75% $1,696.55 Learn MoreShow Less
30 Year Fixed Conforming 3.49% 3.38% $1,105.93 Learn MoreShow Less
Purchase Mortgage Rates APR Rate Monthly Payment
15 Year Fixed Conforming 2.95% 2.75% $1,696.55 Learn MoreShow Less
30 Year Fixed Conforming 3.49% 3.38% $1,105.93 Learn MoreShow Less

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Bank Rhode Island branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank Rhode Island Locations

Financial Details

Bank Rhode Island Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank Rhode Island. The data is provided by the FDIC. Please remember that all banks listed on BestCashCow.com are FDIC insured while all credit unions are similarly insured by the NCUA. No depositor has ever lost money while their funds have been insured by the FDIC or NCUA.

Texas Ratio
Bank Rhode Island U.S. Bank Average
5.55% 9.11%

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2016, Bank Rhode Island had $15,447,000 in non-current loans and $407,000 in owned real estate. To cover these potential losses it had $269,686,000 in equity and $16,019,000 in loans loss reserves. That gives it a Texas Ratio of 5.55%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank Rhode Island U.S. Bank Average
3.98% 9.45%

Bank Rhode Island has a Return on Equity of 3.98% versus the BestCashCow average of 9.45%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank Rhode Island U.S. Bank Average
12.66% 11.28%

Bank Rhode Island has a Capitalization of 12.66% versus the BestCashCow average of 11.28%. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank Rhode Island Balance Sheet Analysis

As of June 30, 2016, Bank Rhode Island had assets of $2,130,071,000, loans of $1,572,950,000, and deposits of $1,568,956,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

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