Bank of America, Rhode Island, National Association in Providence, Rhode Island (RI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Bank of America, Rhode Island, National Association in Providence, Rhode Island (RI)
  • Show street view No street view available for this location

Bank of America, Rhode Island, National Association - Overview

  • General
  • FDIC Certificate #: 58032
    Status: Active
    Federal Reserve ID: 3344611
    Bank Holding Company (Regulatory Top Holder): Bank Of America Corporation (RSSDID: 1073757, Location: Charlotte, NC)
    Date Established: June 03, 2005
    WWW: http://www.bankofamerica.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 436934
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: June 03, 2005
    Last Structure Change Effective Date: January 16, 2009
    Last Structure Change Process Date: November 24, 2009
    Last Data Update: November 24, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 Westminister Street, Providence, RI 2903
    County: Providence
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: Washington
    FDIC Field Office: South Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Providence-Fall River-Warwick, RI-MA (#6480)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Providence-New Bedford-Fall River, RI-MA (#39300)
    CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
  • History of Changes
  • Participated in Open Bank Assistance
  • Financial Summary
  • Total assets: $17,770.0 mil
    Equity capital: $2,197.7 mil
    Deposits held in domestic offices: $15,134.5 mil
    Return on assets (ROA): 1.11% ($197.2 mil)
    Quarterly return on assets: 1.16% ($206.1 mil)
    Return on Equity (ROE): 9.74% ($214.1 mil)
    Quarterly return on equity: 9.55% ($209.9 mil)
    Net income: $204.3 mil
    Quarterly Net income: $51.9 mil
    Pretax return on assets: 1.76% ($312,751.2 mil)
    Quarterly Pretax return on assets: 1.85% ($328,744.2 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $17,769,956Total assets
  • $3,189,331Cash and due from depository institutions
  • $3,186,713Interest-bearing balances
  • $0Securities
  • $2,025Federal funds sold & reverse repurchase agreements
  • $12,905,264Net loans & leases
  • $222,425Loan loss allowance
  • $0Trading account assets
  • $0Bank premises and fixed assets
  • $66,226Other real estate owned
  • $128,800Goodwill and other intangibles
  • $17,769,956Life insurance assets
  • $1,478,310All other assets
  • $15,572,236Total liabilities and capital
  • $15,134,471Total liabilities
  • $15,134,471Total deposits
  • $15,134,471Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $195,843Trading liabilities
  • $0Other borrowed funds
  • $241,922Subordinated debt
  • $2,197,720All other liabilities
  • $2,197,720Total equity capital
  • $2,197,720Total bank equity capital
  • $0Perpetual preferred stock
  • $310,000Common stock
  • $1,499,019Surplus
  • $388,701Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,321,325Income earned, not collected on loans
  • $0Earning assets
  • $61,790Long-term assets (5+ years)
  • $16,094,002Average Assets, year-to-date
  • $8,686,041Average Assets, quarterly
  • $18,485,940Volatile liabilities
  • $17,918,332Insider loans
  • $7,596,323FHLB advances
  • $17,579,679Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,068,920Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $668,688Total interest income
  • $47,906Total interest expense
  • $620,782Net interest income
  • $230,921Provision for loan and lease losses
  • $30,011Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $30,011Additional noninterest income
  • $95,331Total noninterest expense
  • $0Salaries and employee benefits
  • $0Premises and equipment expense
  • $95,331Additional noninterest expense
  • $324,541Pre-tax net operating income
  • $0Securities gains (losses)
  • $120,210Applicable income taxes
  • $204,331Income before extraordinary items
  • $0Extraordinary gains - net
  • $204,331Net income attributable to bank
  • $0Net charge-offs
  • $204,331Cash dividends
  • $239,588Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.96%Yield on earning assets
  • 0.28%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 0.57%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 9.74%Return on equity (ROE)
  • 9.74%Retained earnings to average equity (YTD only)
  • 1.68%Net charge-offs to loans
  • 96.38%Credit loss provision to net charge-offs
  • 2.32%Efficiency ratio
  • 11,821Assets per employee
  • 0.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 16.83%Noncurrent assets plus other real estate owned to assets
  • 7.81%Noncurrent loans to loans
  • 10.07%Net loans and leases to deposits
  • 85.27%Net loans and leases to core deposits
  • 107.50%Equity capital to assets
  • 12.37%Core capital (leverage) ratio
  • 11.77%Tier 1 risk-based capital ratio
  • 27.24%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $18,485,940Average earning assets
  • $2,097,065Average equity
  • $16,868,951Average loans

List of branches

  • 1 Rhode Island Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0436934Bank Of America, Rhode Island, National Association111 Westminister Street, Providence, RI 2903June 03, 2005Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of America, Rhode Island, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents