Fleet Bank (RI), National Association in Providence, Rhode Island (RI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 2005

  • Fleet Bank (RI), National Association in Providence, Rhode Island (RI)
  • Show street view No street view available for this location

Fleet Bank (RI), National Association - Overview

  • General
  • FDIC Certificate #: 34746
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of America, National Association (USA) (#27595)
    Federal Reserve ID: 2267991
    Date Established: November 14, 1997
    WWW: http://www.fleet.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 61432
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: November 14, 1997
    Last Structure Change Effective Date: March 01, 2005
    Last Structure Change Process Date: March 24, 2005
    Last Data Update: March 24, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 Westminster Street, 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: $9,646.5 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, 2004)

  • Dollar figures in thousands
  • 2,217Total employees (full-time equivalent)
  • $9,646,546Total assets
  • $145,932Cash and due from depository institutions
  • $79,228Interest-bearing balances
  • $5,279Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $7,524,341Net loans & leases
  • $485,817Loan loss allowance
  • $0Trading account assets
  • $744Bank premises and fixed assets
  • $0Other real estate owned
  • $1,559,388Goodwill and other intangibles
  • $0Life insurance assets
  • $410,862All other assets
  • $9,646,546Total liabilities and capital
  • $6,825,349Total liabilities
  • $78,009Total deposits
  • $24,751Interest-bearing deposits
  • $78,009Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,197,066Other borrowed funds
  • $290,000Subordinated debt
  • $260,274All other liabilities
  • $2,821,197Total equity capital
  • $2,821,197Total bank equity capital
  • $2,821,197Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $2,748,162Undivided profits
  • Memoranda
  • $71,535Noncurrent loans and leases
  • $70,046,330Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $180,691Earning assets
  • $0Long-term assets (5+ years)
  • $40,423Average Assets, year-to-date
  • $7,608,848Average Assets, quarterly
  • $853,823Volatile liabilities
  • $8,943,456Insider loans
  • $9,935,158FHLB advances
  • $5,348,860Loans and leases held for sale
  • $75Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $70,046,330Total unused commitments
  • $0Restructured Loans and leases
  • $448,961Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $781,513Total interest income
  • $77,617Total interest expense
  • $703,896Net interest income
  • $667,574Provision for loan and lease losses
  • $548,976Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $548,976Additional noninterest income
  • $464,043Total noninterest expense
  • $98,167Salaries and employee benefits
  • $17,858Premises and equipment expense
  • $348,018Additional noninterest expense
  • $121,255Pre-tax net operating income
  • $0Securities gains (losses)
  • $49,715Applicable income taxes
  • $71,540Income before extraordinary items
  • $0Extraordinary gains - net
  • $71,540Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $418,330Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 11.00%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 9.91%Net interest margin
  • 7.73%Noninterest income to earning assets
  • 6.53%Noninterest expense to earning assets
  • 0.80%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 2.82%Return on equity (ROE)
  • 2.82%Retained earnings to average equity (YTD only)
  • 5.72%Net charge-offs to loans
  • 159.58%Credit loss provision to net charge-offs
  • 1.89%Efficiency ratio
  • 29,521Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.07%Loss allowance to noncurrent loans
  • 268.87%Noncurrent assets plus other real estate owned to assets
  • 1.87%Noncurrent loans to loans
  • 2.26%Net loans and leases to deposits
  • 9645.48%Net loans and leases to core deposits
  • 9645.48%Equity capital to assets
  • 29.25%Core capital (leverage) ratio
  • 19.37%Tier 1 risk-based capital ratio
  • 18.15%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $8,943,456Average earning assets
  • $2,535,493Average equity
  • $7,102,294Average loans

Bank Assets Sold and Securitized (December 31, 2004)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $6,350,000Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

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

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Fleet Bank (RI), National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents