10 Washington Square
Newport, RI 02840

Notable Rates APY Vs.Others
Savings 0.05% 2.10% →
1-Year CD 0.75% 2.02% →
2-Year CD 1.00% 2.02% →
5-Year CD 1.50% 2.02% →
30-Year Mortgage 4.32% 3.03% →
15-Year Mortgage 3.86% 2.77% →
HELOC N.A. 3.25% →

2020 Overview

General Bank Information

BankNewport is an FDIC insured institution located in Newport, RI. It was founded in 1819 and has approximately $1.75 billion in assets. Customers can open an account at one of its 16 branches.

FDIC Insured Yes
FDIC Certificate # 18129
Date Established 1819
Assets $1.75 billion
Loans $1.37 billion
Deposits $1.41 billion
Capital $0.19 billion

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

Deposit Rates - March 29, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.05% $2,500 $24,999 Learn MoreShow Less
Premium Money Market Account
0.15% $25,000 $74,999 Learn MoreShow Less
3 Mo CD
0.20% $1,000 - Learn MoreShow Less
6 Mo CD
0.25% $1,000 - Learn MoreShow Less
Special: 8 Mo CD
1.25% $1,000 - Learn MoreShow Less
Special: 8 Mo CD
1.50% $10,000 - Learn MoreShow Less

Fixed IRA
0.75% $500 - Learn MoreShow Less
Special: 8 Mo FIRA
1.25% $500 - Learn MoreShow Less
Special: 8 Mo FIRA
1.50% $10,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.05% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,000 - Learn MoreShow Less

Loan Rates - March 29, 2020

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 4.25% 4.25% $740.88
4 Year 4.50% 4.50% $570.09
5 Year 4.75% 4.75% $468.92
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

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.


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

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BankNewport Locations

Financial Details

BankNewport Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankNewport. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
BankNewport U.S. Bank Average
6.85% 6.70%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2019, BankNewport had $13,977,000 in non-current loans and $170,000 in owned real estate. To cover these potential losses it had $193,061,000 in equity and $13,592,000 in loans loss reserves. That gives it a Texas Ratio of 6.85%.

Return on Equity
BankNewport U.S. Bank Average
10.17% 9.72%

BankNewport has a Return on Equity of 10.17% versus the BestCashCow average of 9.72%. 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.

BankNewport U.S. Bank Average
11.01% 12.89%

BankNewport has a Capitalization of 11.01% versus the BestCashCow average of 12.89. 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.

BankNewport Balance Sheet Analysis

As of September 30, 2019, BankNewport had assets of $1,753,401,000, loans of $1,368,484,000, and deposits of $1,408,572,000. 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.

Summary Balance Sheet

September 30, 2019
Cash & Balances due from depository institutions $0.06 billion
Interest-bearing balances $0.04 billion
Total securities $0.24 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.37 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.04 billion
     Total Assets $1.56 billion
Total deposits $1.41 billion
      Interest-bearing deposits $1.10 billion
      Deposits held in domestic offices $1.41 billion
      % insured (estimated) 74.25%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.14 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.56 billion
      Shareholders’ Equity $0.19 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.06 billion
Total Interest Expense $0.01 billion
Net interest income $0.05 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.02 billion
Total non interest expense $0.04 billion
Pre-tax Net Operating Income $0.02 billion

Bank Loan Profile?

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

Compared to other banks, BankNewport’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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 45.28
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 0.00
Construction and Development Loans 4.90
Commercial Real Estate 28.99
Commercial and Industrial Loans 10.18
Farm Loans 0.01

Frequently Asked Questions About Banknewport

Branches and Savings

Is Banknewport FDIC insured?

Yes. It is covered under FDIC Certificate #18129.

Why does Banknewport pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Banknewport CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Banknewport a commercial bank?


Where are Banknewport locations?

See branch locations nearby.

Is Banknewport open on Saturdays?

Is Banknewport open on Sundays?

What time does Banknewport open?

What time does Banknewport close?

Are Banknewport ATMs Open 24/7?

Do Banknewport ATMs accept cash deposits?

Can Banknewport customers use other ATMs?

Do Banknewport branches have notaries?

Will Banknewport notarize my document?

What address for Banknewport should I put for incoming ACH transfers?

Will the Banknewport branch print checks?

Do Banknewport checks expire?

Does Banknewport require US citizenship to open account?

Can Banknewport close my account?

Does Banknewport Report to credit bureaus?

Does Banknewport Use Equifax?

What is Banknewport's ACH Routing Number?

What is Banknewport's SWIFT code?


Does Banknewport offer mortgages?

Compare mortgage rates here.

Does Banknewport offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Banknewport offer personal loans?

Compare personal loan rates here.

Does Banknewport offer student loans?

Will Banknewport cash a check?

Will Banknewport redeem a savings bond?

Does Banknewport cash savings bonds?

Will Banknewport cash money orders?

Can Banknewport issue a money order?

Does Banknewport do currency exchange?

Background on The Bank

Who owns Banknewport?

How long has Banknewport been around?

Can Banknewport transfer to other banks?

Does Banknewport have quick pay?

Does Banknewport accept rolled coins?

Will Banknewport accept loose change?

Where is Banknewport headquarters?

Customer Reviews for BankNewport

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