BankNewport
Major Rating Factors:
Excellent current capitalization (9.4 on a scale of 0 to 10) based on a risk-based capital ratio of 13.6 and a capital leverage ratio of 10.6. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.4 on a scale of 0 to 10).
Other Rating Factors:
A current level of 6.8 percent of nonperforming loans to core capital combined with 6.8 percent from a year earlier contributes to the Good asset quality (6.7). Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.6 has resulted in Fair (3.2) profitability.
Asset Mix:
Comm re (30%), home mtgs (24%), securities (15%), comm loans (9%), home eq lns (6%), cash (1%), consumer loans (1%), other (15%)
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
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