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

This bank is inactive as of September 01, 2007

  • Citizens Bank of Rhode Island in Providence, Rhode Island (RI)
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Citizens Bank of Rhode Island - Overview

  • General
  • FDIC Certificate #: 16954
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: RBS Citizens, National Association (#57957)
    Federal Reserve ID: 1000409
    Date Established: March 07, 1871
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 81 (Interstate: No)
    OTS Docket #: 6792
    FDIC's unique #: 11032
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 21, 1950
    Last Structure Change Effective Date: September 01, 2007
    Last Structure Change Process Date: September 19, 2007
    Last Data Update: September 19, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: One Citizens Plaza, Providence, RI 2903
    County: Providence
    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)
  • Financial Summary
  • Total assets: $14,485.8 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, 2006)

  • Dollar figures in thousands
  • 5,187Total employees (full-time equivalent)
  • $13,877,645Total assets
  • $1,337,513Cash and due from depository institutions
  • $96,742Interest-bearing balances
  • $2,329,126Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $9,043,685Net loans & leases
  • $64,638Loan loss allowance
  • $60,254Trading account assets
  • $403,107Bank premises and fixed assets
  • $1,450Other real estate owned
  • $59,354Goodwill and other intangibles
  • $181,045Life insurance assets
  • $643,156All other assets
  • $13,877,645Total liabilities and capital
  • $12,801,571Total liabilities
  • $9,214,741Total deposits
  • $7,217,547Interest-bearing deposits
  • $9,214,741Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $872,367Federal funds purchased & repurchase agreements
  • $42,955Trading liabilities
  • $2,590,130Other borrowed funds
  • $0Subordinated debt
  • $81,378All other liabilities
  • $1,076,074Total equity capital
  • $1,076,074Total bank equity capital
  • $1,076,074Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $769,206Undivided profits
  • Memoranda
  • $305,868Noncurrent loans and leases
  • $4,882,826Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $19,889Earning assets
  • $2,745Long-term assets (5+ years)
  • $127,225Average Assets, year-to-date
  • $11,477,936Average Assets, quarterly
  • $7,132,433Volatile liabilities
  • $13,769,302Insider loans
  • $13,996,840FHLB advances
  • $3,931,130Loans and leases held for sale
  • $26,344Unused loan commitments
  • $1,973,091Tier 1 (core) risk-based capital
  • $6,002,277Tier 2 risk-based capital
  • $46,417Total risk weighted assets
  • $4,882,826Total unused commitments
  • $0Restructured Loans and leases
  • $68,558Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $684,015Total interest income
  • $337,453Total interest expense
  • $346,562Net interest income
  • $50,328Provision for loan and lease losses
  • $241,026Total noninterest income
  • $8,390Fiduciary activities
  • $60,555Service charges on deposit accounts
  • $4,658Trading account gains & fees
  • $167,423Additional noninterest income
  • $294,058Total noninterest expense
  • $147,591Salaries and employee benefits
  • $36,236Premises and equipment expense
  • $110,231Additional noninterest expense
  • $243,202Pre-tax net operating income
  • $580Securities gains (losses)
  • $81,775Applicable income taxes
  • $162,007Income before extraordinary items
  • $0Extraordinary gains - net
  • $162,007Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $44,927Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.07%Yield on earning assets
  • 2.99%Cost of funding earning assets
  • 3.07%Net interest margin
  • 2.14%Noninterest income to earning assets
  • 2.61%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.77%Pretax return on assets
  • 15.99%Return on equity (ROE)
  • 15.99%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 112.02%Credit loss provision to net charge-offs
  • 6.53%Efficiency ratio
  • 49,762Assets per employee
  • 2.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.71%Loss allowance to noncurrent loans
  • 324.99%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 98.14%Net loans and leases to core deposits
  • 107.21%Equity capital to assets
  • 7.75%Core capital (leverage) ratio
  • 7.78%Tier 1 risk-based capital ratio
  • 10.39%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $13,769,302Average earning assets
  • $1,012,929Average equity
  • $11,274,219Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,039,578Managed Assets
  • 1Number of Accounts
  • $1,431,093Personal trust and agency accounts
  • $373,857Employee benefit-defined contribution accounts
  • $34,244Employee benefit-defined benefit accounts
  • $259,585Other retirement accounts
  • $67,637Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $695,770Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1220Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $608,485Other retirement accounts
  • $25,884Corporate trust and agency accounts
  • $82,075Other fiduciary accounts
  • $3,825Fiduciary accounts held in foreign offices

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