Major Rating Factors:
Operating profits as a percentage of assets at 0.5%, coupled with a return on assets of 0.4 has resulted in Weak (2.8) profitability. A current level of 11.2 percent of nonperforming loans to core capital combined with 2.5 percent from a year earlier contributes to the Good asset quality (5.1).
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.9 on a scale of 0 to 10). Good current capitalization (6.1 on a scale of 0 to 10) based on a risk-based capital ratio of 11.8 and a capital leverage ratio of 8.1.
Asset Mix:
Comm re (27%), home mtgs (19%), securities (12%), home eq lns (6%), comm loans (6%), consumer loans (4%), cash (1%), other (25%)
States with Branches:
MA, 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
Narragansett Financial Corporation
Investment Rating
--
Address
330 Swansea Mall Drive
Swansea, MA 02777
Swansea, MA 02777
Phone Number
(508) 678-7641
Year Founded
1851
FDIC Number
Website
Largest Affiliates
No affiliate information available.