Coastway Community Bank in Cranston, Rhode Island (RI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Coastway Community Bank in Cranston, Rhode Island (RI)
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Coastway Community Bank - Overview

  • General
  • FDIC Certificate #: 58937
    Status: Active
    Federal Reserve ID: 187899
    Date Established: July 01, 2009
    WWW: http://www.coastway.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    FDIC's unique #: 481022
    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: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 2009
    Last Structure Change Effective Date: July 20, 2009
    Last Structure Change Process Date: July 20, 2009
    Last Data Update: July 20, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: One Coastway Plaza, Cranston, RI 2910
    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)
  • History of Changes
  • Corrections
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $324.2 mil
    Equity capital: $26.1 mil
    Deposits held in domestic offices: $283.0 mil
    Return on assets (ROA): 0.30% ($1.0 mil)
    Quarterly return on assets: 0.26% ($0.8 mil)
    Return on Equity (ROE): 3.65% ($0.9 mil)
    Quarterly return on equity: 3.17% ($0.8 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.55% ($1,783.3 mil)
    Quarterly Pretax return on assets: 0.73% ($2,366.9 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
  • 123Total employees (full-time equivalent)
  • $324,234Total assets
  • $5,975Cash and due from depository institutions
  • $12Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $284,360Net loans & leases
  • $1,175Loan loss allowance
  • $0Trading account assets
  • $22,739Bank premises and fixed assets
  • $1,870Other real estate owned
  • $310Goodwill and other intangibles
  • $324,234Life insurance assets
  • $8,980All other assets
  • $298,116Total liabilities and capital
  • $282,956Total liabilities
  • $229,496Total deposits
  • $282,956Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,769Trading liabilities
  • $0Other borrowed funds
  • $4,391Subordinated debt
  • $26,118All other liabilities
  • $26,118Total equity capital
  • $26,118Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $26,118Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $14,619Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,504Income earned, not collected on loans
  • $2,055Earning assets
  • $1,043Long-term assets (5+ years)
  • $284,372Average Assets, year-to-date
  • $92,466Average Assets, quarterly
  • $313,254Volatile liabilities
  • $320,386Insider loans
  • $247,793FHLB advances
  • $319,630Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $26,428Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $55,910Restructured Loans and leases
  • $2,580Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,780Total interest income
  • $2,705Total interest expense
  • $11,075Net interest income
  • $1,086Provision for loan and lease losses
  • $7,799Total noninterest income
  • $0Fiduciary activities
  • $1,315Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,484Additional noninterest income
  • $16,071Total noninterest expense
  • $7,620Salaries and employee benefits
  • $1,808Premises and equipment expense
  • $6,643Additional noninterest expense
  • $1,717Pre-tax net operating income
  • $0Securities gains (losses)
  • $776Applicable income taxes
  • $941Income before extraordinary items
  • $0Extraordinary gains - net
  • $941Net income attributable to bank
  • $0Net charge-offs
  • $941Cash dividends
  • $1,369Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 3.98%Net interest margin
  • 2.80%Noninterest income to earning assets
  • 5.78%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.55%Pretax return on assets
  • 3.65%Return on equity (ROE)
  • 3.65%Retained earnings to average equity (YTD only)
  • 0.49%Net charge-offs to loans
  • 79.33%Credit loss provision to net charge-offs
  • 2.05%Efficiency ratio
  • 85,149Assets per employee
  • 2.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.41%Loss allowance to noncurrent loans
  • 21.35%Noncurrent assets plus other real estate owned to assets
  • 2.27%Noncurrent loans to loans
  • 1.93%Net loans and leases to deposits
  • 100.50%Net loans and leases to core deposits
  • 103.85%Equity capital to assets
  • 8.06%Core capital (leverage) ratio
  • 8.27%Tier 1 risk-based capital ratio
  • 10.67%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $313,254Average earning assets
  • $25,811Average equity
  • $278,263Average loans

List of branches

  • 9 Rhode Island Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0481022Coastway Community BankOne Coastway Plaza, Cranston, RI 2910July 01, 2009Full Service Brick and Mortar
    1510629Greene Street Branch10 Greene St, Providence, RI 2903July 01, 2009Full Service Brick and Mortar
    2510630Women & Infants Hospital Branch101 Dudley St, Providence, RI 2905July 01, 2009Full Service Brick and Mortar
    3510631Warwick Avenue Branch2089 Warwick Ave, Warwick, RI 2889July 01, 2009Full Service Brick and Mortar
    4510632Lincoln Branch210 Front St, Lincoln, RI 2865July 01, 2009Full Service Brick and Mortar
    5510633Cowesett Branch3830 Post Rd, Warwick, RI 2886July 01, 2009Full Service Brick and Mortar
    6510634Cranston Branch1155 Reservoir Ave, Cranston, RI 2920July 01, 2009Full Service Brick and Mortar
    7510635Contact Center/Web BranchOne Coastway Plaza, Cranston, RI 2910July 01, 2009Full Service Cyber
    8511736East Providence Branch2830 Pawtucket Ave, Riverside, RI 2915July 01, 2009Full Service Brick and Mortar

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