Major Rating Factors:
A current level of 13.1 percent of nonperforming loans to core capital combined with 5.9 percent from a year earlier contributes to the Fair asset quality (4.2). Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.5 has resulted in Weak (2.9) profitability.
Other Rating Factors:
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). Good current capitalization (6.3 on a scale of 0 to 10) based on a risk-based capital ratio of 12.0 and a capital leverage ratio of 8.3.
Asset Mix:
Comm re (26%), home mtgs (18%), securities (13%), home eq lns (7%), comm loans (7%), consumer loans (4%), cash (2%), other (23%)
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
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