Centreville Bank

Headquarters

1218 Main Street
West Warwick, RI 02893
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.50% 0.95% →
2-Year CD 0.65% 1.05% →
5-Year CD 0.95% 1.30% →
30-Year Mortgage 4.32% 2.80% →
15-Year Mortgage 3.90% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Centreville Bank is an FDIC insured institution located in West Warwick, RI. It was founded in 1888 and has approximately $1.33 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 17764
Date Established 1888
Assets $ 1,327.41 million
Loans $ 847.20 million
Deposits $ 910.47 million
Capital $ 288.13 million
 

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

Deposit Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.70% $10,000 $14,999 Learn More
3 Mo CD
0.70% $100,000 $199,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.55% $10,000 $14,999 Learn More
18 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.65% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.95% $10,000 $14,999 Learn More
60 Mo CD
0.95% $100,000 $199,999 Learn More


Loan Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
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.

Branches

Centreville Bank 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:
Fairfield,Connecticut


Centreville Bank Locations


Financial Details

Centreville Bank Ratio Analysis

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

Texas Ratio
Centreville Bank U.S. Bank Average
3.24% 6.94%

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 March 31, 2020, Centreville Bank had $9,607,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $288,129,000 in equity and $8,212,000 in loans loss reserves. That gives it a Texas Ratio of 3.24%.

Return on Equity
Centreville Bank U.S. Bank Average
-30.22% 7.80%

Centreville Bank has a Return on Equity of -30.22% versus the BestCashCow average of 7.80%. 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
Centreville Bank U.S. Bank Average
21.71% 12.68%

Centreville Bank has a Capitalization of 21.71% versus the BestCashCow average of 12.68. 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.

Centreville Bank Balance Sheet Analysis

As of March 31, 2020, Centreville Bank had assets of $1,327,409,000, loans of $847,203,000, and deposits of $910,467,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 23.34 million
Interest-bearing balances $ 16.60 million
Total securities $ 393.77 million
Federal funds sold and reverse repurchase $ 0.04 million
Net loans and leases $ 847.20 million
Loan loss allowance $ 8.21 million
Trading account assets $ 1.39 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.22 million
All other assets $ 40.11 million
     Total Assets $ 1,039.28 million
LIABILITIES
Total deposits $ 910.47 million
      Interest-bearing deposits $ 820.82 million
      Deposits held in domestic offices $ 910.47 million
      % insured (estimated) 91.87%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 1.39 million
Other borrowed funds $ 95.00 million
Subordinated debt N.A.
All other liabilities $ 32.42 million
      Total Liabilities $ 1,039.28 million
      Shareholders’ Equity $ 288.13 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 11.41 million
Total Interest Expense $ 2.81 million
Net interest income $ 8.60 million
Provision for loan and lease losses $ 1.12 million
Total non interest income $ 0.95 million
Total non interest expense $ 7.29 million
Pre-tax Net Operating Income $ 1.14 million

Bank Loan Profile?

The top three loan types in Centreville Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in Rhode Island, Centreville Bank has a significantly higher percent of 1-4 Family Residential Loans, Small Business Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 51.41
Multifamily
Mortgages
8.47
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 4.76
Construction and Development Loans 5.41
Commercial Real Estate 34.54
Commercial and Industrial Loans 0.73
Farm Loans 0.02

Frequently Asked Questions About Centreville Bank

Branches and Savings

Is Centreville Bank FDIC insured?

Yes. It is covered under FDIC Certificate #17764.

Why does Centreville Bank pay such low interest on savings accounts?

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

Why are Centreville Bank CD rates not competitive?

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

Is Centreville Bank a commercial bank?

Yes

Where are Centreville Bank locations?

See branch locations nearby.

Is Centreville Bank open on Saturdays?

Is Centreville Bank open on Sundays?

What time does Centreville Bank open?

What time does Centreville Bank close?

Are Centreville Bank ATMs Open 24/7?

Do Centreville Bank ATMs accept cash deposits?

Can Centreville Bank customers use other ATMs?

Do Centreville Bank branches have notaries?

Will Centreville Bank notarize my document?

What address for Centreville Bank should I put for incoming ACH transfers?

Will the Centreville Bank branch print checks?

Do Centreville Bank checks expire?

Does Centreville Bank require US citizenship to open account?

Can Centreville Bank close my account?

Does Centreville Bank Report to credit bureaus?

Does Centreville Bank Use Equifax?

What is Centreville Bank's ACH Routing Number?

What is Centreville Bank's SWIFT code?

Products

Does Centreville Bank offer mortgages?

Compare mortgage rates here.

Does Centreville Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Centreville Bank offer personal loans?

Compare personal loan rates here.

Does Centreville Bank offer student loans?

Will Centreville Bank cash a check?

Will Centreville Bank redeem a savings bond?

Does Centreville Bank cash savings bonds?

Will Centreville Bank cash money orders?

Can Centreville Bank issue a money order?

Does Centreville Bank do currency exchange?

Background on The Bank

Who owns Centreville Bank?

How long has Centreville Bank been around?

Can Centreville Bank transfer to other banks?

Does Centreville Bank have quick pay?

Does Centreville Bank accept rolled coins?

Will Centreville Bank accept loose change?

Where is Centreville Bank headquarters?

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