Coastway Community Bank in city_name, state_name - Detailed Financial Reports, Location

Coastway Community Bank in Cranston, Rhode Island (RI)
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Coastway Community Bank routing number info

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

No	ID	Name	Address	Established	Service Type
0	481022	Coastway Community Bank	One Coastway Plaza, Cranston, RI 2910	July 01, 2009	Full Service Brick and Mortar
1	510629	Greene Street Branch	10 Greene St, Providence, RI 2903	July 01, 2009	Full Service Brick and Mortar
2	510630	Women & Infants Hospital Branch	101 Dudley St, Providence, RI 2905	July 01, 2009	Full Service Brick and Mortar
3	510631	Warwick Avenue Branch	2089 Warwick Ave, Warwick, RI 2889	July 01, 2009	Full Service Brick and Mortar
4	510632	Lincoln Branch	210 Front St, Lincoln, RI 2865	July 01, 2009	Full Service Brick and Mortar
5	510633	Cowesett Branch	3830 Post Rd, Warwick, RI 2886	July 01, 2009	Full Service Brick and Mortar
6	510634	Cranston Branch	1155 Reservoir Ave, Cranston, RI 2920	July 01, 2009	Full Service Brick and Mortar
7	510635	Contact Center/Web Branch	One Coastway Plaza, Cranston, RI 2910	July 01, 2009	Full Service Cyber
8	511736	East Providence Branch	2830 Pawtucket Ave, Riverside, RI 2915	July 01, 2009	Full Service Brick and Mortar

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

Coastway Community Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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

Coastway Community Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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