Centreville Savings Bank in West Warwick, Rhode Island (RI)



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Centreville Savings Bank routing number info

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Centreville Savings Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)145
Total assets$965,580
Cash and due from depository institutions$48,404
Interest-bearing balances$42,070
Securities$533,680
Federal funds sold & reverse repurchase agreements$2,500
Net loans & leases$359,486
Loan loss allowance $2,251
Trading account assets$0
Bank premises and fixed assets$11,942
Other real estate owned$881
Goodwill and other intangibles$0
All other assets$8,687
Life insurance assets$965,580
Total liabilities and capital$758,309
Total liabilities$725,346
Total deposits$668,981
Interest-bearing deposits$725,346
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $32,963
All other liabilities $207,271
Total equity capital$207,271
Total bank equity capital$207,271
Perpetual preferred stock$0
Common stock$0
Surplus$191,830
Undivided profits $15,441
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,311
Earning assets $0
Long-term assets (5+ years) $3,063
Average Assets, year-to-date $937,736
Average Assets, quarterly $550,144
Volatile liabilities $977,025
Insider loans $963,357
FHLB advances $397,098
Loans and leases held for sale $922,469
Unused loan commitments $826
Tier 1 (core) risk-based capital $826
Tier 2 risk-based capital $191,830
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $28,212
Derivatives$5,004
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $29,426
Total interest expense $8,970
Net interest income $20,456
Provision for loan and lease losses $183
Total noninterest income $1,267
Fiduciary activities $0
Service charges on deposit accounts $494
Trading account gains & fees $0
Additional noninterest income $773
Total noninterest expense $18,446
Salaries and employee benefits $11,610
Premises and equipment expense $2,107
Additional noninterest expense $4,729
Pre-tax net operating income $3,094
Securities gains (losses) $3,711
Applicable income taxes $1,701
Income before extraordinary items $5,104
Extraordinary gains - net $0
Net income attributable to bank $5,104
Net charge-offs $0
Cash dividends $5,104
Sale, conversion, retirement of capital stock, net $1,856
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.10%
Cost of funding earning assets 0.94%
Net interest margin 2.15%
Noninterest income to earning assets 0.13%
Noninterest expense to earning assets 1.94%
Net operating income to assets 0.24%
Return on assets (ROA) 0.52%
Pretax return on assets 0.70%
Return on equity (ROE) 2.48%
Retained earnings to average equity (YTD only) 2.48%
Net charge-offs to loans 0.49%
Credit loss provision to net charge-offs 9.86%
Efficiency ratio1.77%
Assets per employee$84,915
Cash dividends to net income (YTD only)6.66%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.62%
Noncurrent assets plus other real estate owned to assets 171.70%
Noncurrent loans to loans 0.23%
Net loans and leases to deposits0.36%
Net loans and leases to core deposits 49.56%
Equity capital to assets 51.64%
Core capital (leverage) ratio 21.47%
Tier 1 risk-based capital ratio 20.80%
Total risk-based capital ratio 48.31%
Memoranda
Average assets$53
Average earning assets$977,025
Average equity $205,551
Average loans $950,028
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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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