Centreville Savings Bank in West Warwick, Rhode Island (RI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Centreville Savings Bank - Overview

  • General
  • FDIC Certificate #: 17764
    Status: Active
    Federal Reserve ID: 876700
    Date Established: January 01, 1888
    WWW: http://www.centrevillebank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 11718
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: May 24, 1957
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1218 Main Street, West Warwick, RI 2893
    County: Kent
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $965.6 mil
    Equity capital: $207.3 mil
    Deposits held in domestic offices: $725.3 mil
    Return on assets (ROA): 0.52% ($5.0 mil)
    Quarterly return on assets: 1.27% ($12.3 mil)
    Return on Equity (ROE): 2.48% ($5.1 mil)
    Quarterly return on equity: 5.98% ($12.4 mil)
    Net income: $5.1 mil
    Quarterly Net income: $3.1 mil
    Pretax return on assets: 0.70% ($6,759.1 mil)
    Quarterly Pretax return on assets: 1.83% ($17,670.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 145Total employees (full-time equivalent)
  • $965,580Total assets
  • $48,404Cash and due from depository institutions
  • $42,070Interest-bearing balances
  • $533,680Securities
  • $2,500Federal funds sold & reverse repurchase agreements
  • $359,486Net loans & leases
  • $2,251Loan loss allowance
  • $0Trading account assets
  • $11,942Bank premises and fixed assets
  • $881Other real estate owned
  • $0Goodwill and other intangibles
  • $965,580Life insurance assets
  • $8,687All other assets
  • $758,309Total liabilities and capital
  • $725,346Total liabilities
  • $668,981Total deposits
  • $725,346Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $32,963Subordinated debt
  • $207,271All other liabilities
  • $207,271Total equity capital
  • $207,271Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $191,830Surplus
  • $15,441Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,311Income earned, not collected on loans
  • $0Earning assets
  • $3,063Long-term assets (5+ years)
  • $937,736Average Assets, year-to-date
  • $550,144Average Assets, quarterly
  • $977,025Volatile liabilities
  • $963,357Insider loans
  • $397,098FHLB advances
  • $922,469Loans and leases held for sale
  • $826Unused loan commitments
  • $826Tier 1 (core) risk-based capital
  • $191,830Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $28,212Restructured Loans and leases
  • $5,004Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $29,426Total interest income
  • $8,970Total interest expense
  • $20,456Net interest income
  • $183Provision for loan and lease losses
  • $1,267Total noninterest income
  • $0Fiduciary activities
  • $494Service charges on deposit accounts
  • $0Trading account gains & fees
  • $773Additional noninterest income
  • $18,446Total noninterest expense
  • $11,610Salaries and employee benefits
  • $2,107Premises and equipment expense
  • $4,729Additional noninterest expense
  • $3,094Pre-tax net operating income
  • $3,711Securities gains (losses)
  • $1,701Applicable income taxes
  • $5,104Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,104Net income attributable to bank
  • $0Net charge-offs
  • $5,104Cash dividends
  • $1,856Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.10%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 2.15%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 1.94%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 2.48%Return on equity (ROE)
  • 2.48%Retained earnings to average equity (YTD only)
  • 0.49%Net charge-offs to loans
  • 9.86%Credit loss provision to net charge-offs
  • 1.77%Efficiency ratio
  • 84,915Assets per employee
  • 6.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.62%Loss allowance to noncurrent loans
  • 171.70%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 49.56%Net loans and leases to core deposits
  • 51.64%Equity capital to assets
  • 21.47%Core capital (leverage) ratio
  • 20.80%Tier 1 risk-based capital ratio
  • 48.31%Total risk-based capital ratio
  • Memoranda
  • $53Average assets
  • $977,025Average earning assets
  • $205,551Average equity
  • $950,028Average loans

List of branches

  • 6 Rhode Island Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011718Centreville Savings Bank1218 Main Street, West Warwick, RI 2893January 01, 1888Full Service Brick and Mortar
    1242717Coventry Branch777 Tiogue Avenue, Coventry, RI 2816November 14, 1960Full Service Brick and Mortar
    2242718West Greenwich Branch834 Victory Highway, West Greenwich, RI 2817October 03, 1991Full Service Brick and Mortar
    6242719East Greenwich Branch495 Main Street, East Greenwich, RI 2818October 28, 1996Full Service Brick and Mortar
    7360907Cranston Branch193 Comstock Parkway, Cranston, RI 2921December 11, 2000Full Service Brick and Mortar
    8430735North Kingstown Branch234 West Main Street, North Kingstown, RI 2852July 19, 2004Full Service Brick and Mortar

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