BankNewport
Major Rating Factors:
Excellent current capitalization (9.5 on a scale of 0 to 10) based on a risk-based capital ratio of 14.2 and a capital leverage ratio of 10.7. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.1 on a scale of 0 to 10).
Other Rating Factors:
A current level of 4.0 percent of nonperforming loans to core capital combined with 6.3 percent from a year earlier contributes to the Good asset quality (6.9). Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.6 has resulted in Fair (3.4) profitability.
Asset Mix:
Comm re (26%), home mtgs (25%), securities (15%), comm loans (8%), home eq lns (5%), cash (4%), consumer loans (1%), other (16%)
States with Branches:
RI
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
OceanPoint Financial Partners, MHC
Investment Rating
--
Address
184 John Clarke Road
Middletown, RI 02842
Middletown, RI 02842
Phone Number
(401) 846-3400
Year Founded
1819
FDIC Number
Website
Largest Affiliates
No affiliate information available.