Newport Federal Savings Bank in city_name, state_name - Detailed Financial Reports, Location

Newport Federal Savings Bank in Newport, Rhode Island (RI), CT
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Newport Federal Savings Bank - Overview

General
FDIC Certificate #: 30626
Status: Active
Federal Reserve ID: 478476
Date Established: January 01, 1888
WWW: http://www.newportfederal.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 6 (Domestic: 6, Interstate: Yes)
OTS Docket #: 5652
FDIC's unique #: 43460
Numeric code: 33
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 15, 1954
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
Location
Address: 100 Bellevue Avenue, Newport, RI 2840
County: Newport
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
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
Change in Primary Regulatory Agency
Financial Summary
Total assets: $453.5 mil
Equity capital: $43.5 mil
Deposits held in domestic offices: $267.0 mil
Return on assets (ROA): 0.33% ($1.5 mil)
Quarterly return on assets: 0.37% ($1.7 mil)
Return on Equity (ROE): 3.53% ($1.6 mil)
Quarterly return on equity: 3.95% ($1.7 mil)
Net income: $1.5 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.51% ($2,312.7 mil)
Quarterly Pretax return on assets: 0.58% ($2,630.2 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
80Total employees (full-time equivalent)
$453,480Total assets
$31,074Cash and due from depository institutions
$23,869Interest-bearing balances
$36,220Securities
$0Federal funds sold & reverse repurchase agreements
$348,491Net loans & leases
$3,709Loan loss allowance
$0Trading account assets
$14,706Bank premises and fixed assets
$839Other real estate owned
$0Goodwill and other intangibles
$453,480Life insurance assets
$22,150All other assets
$409,980Total liabilities and capital
$266,958Total liabilities
$226,444Total deposits
$266,958Interest-bearing deposits
$96Deposits held in domestic offices
40000.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$96,446Trading liabilities
$0Other borrowed funds
$6,576Subordinated debt
$43,500All other liabilities
$43,500Total equity capital
$43,500Total bank equity capital
$0Perpetual preferred stock
$1Common stock
$22,405Surplus
$21,094Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,910Income earned, not collected on loans
$0Earning assets
$1,269Long-term assets (5+ years)
$408,580Average Assets, year-to-date
$0Average Assets, quarterly
$451,632Volatile liabilities
$455,754Insider loans
$290,476FHLB advances
$452,979Loans and leases held for sale
$11,132Unused loan commitments
$0Tier 1 (core) risk-based capital
$42,938Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$24,885Restructured Loans and leases
$2,200Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$21,476Total interest income
$6,587Total interest expense
$14,889Net interest income
$1,121Provision for loan and lease losses
$1,950Total noninterest income
$0Fiduciary activities
$1,522Service charges on deposit accounts
$0Trading account gains & fees
$428Additional noninterest income
$13,434Total noninterest expense
$7,541Salaries and employee benefits
$3,635Premises and equipment expense
$2,258Additional noninterest expense
$2,284Pre-tax net operating income
$0Securities gains (losses)
$783Applicable income taxes
$1,501Income before extraordinary items
$0Extraordinary gains - net
$1,501Net income attributable to bank
$0Net charge-offs
$1,501Cash dividends
$1,084Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.26%Yield on earning assets
1.61%Cost of funding earning assets
3.65%Net interest margin
0.48%Noninterest income to earning assets
3.29%Noninterest expense to earning assets
0.33%Net operating income to assets
0.33%Return on assets (ROA)
0.51%Pretax return on assets
3.53%Return on equity (ROE)
3.53%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
103.41%Credit loss provision to net charge-offs
3.14%Efficiency ratio
79,779Assets per employee
5.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
194.19%Noncurrent assets plus other real estate owned to assets
0.61%Noncurrent loans to loans
0.54%Net loans and leases to deposits
130.54%Net loans and leases to core deposits
132.09%Equity capital to assets
9.59%Core capital (leverage) ratio
9.49%Tier 1 risk-based capital ratio
14.78%Total risk-based capital ratio
Memoranda
$16Average assets
$451,632Average earning assets
$42,559Average equity
$408,135Average loans

List of branches

1 Connecticut Branch as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
107	495154	Stonington Branch	445 Liberty Street, Pawcatuck, CT 6379	May 04, 2009	Full Service Brick and Mortar

5 Rhode Island Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	43460	Newport Federal Savings Bank	100 Bellevue Avenue, Newport, RI 2840	January 01, 1888	Full Service Brick and Mortar
100	281242	165 East Main Road Branch	165 East Main Road, Middletown, RI 2842	January 01, 1888	Full Service Brick and Mortar
103	281243	Wakefield Branch	122 Tower Hill Road, Wakefield, RI 2879	June 30, 1996	Full Service Brick and Mortar
106	495153	Portsmouth Branch	1430 E Main Rd, Portsmouth, RI 2871	January 26, 2009	Full Service Brick and Mortar
108	521575	Westerly Branch	18 Post Road, Westerly, RI 2891	January 10, 2011	Full Service Brick and Mortar

Linda E Herbert

⚠

Jun 3, 2022 @ 11:11 am

How do I obtain a copy of the conversion options to convert the ARM to a fixed-rate of my mortgage loan agreement of a loan that was sold to another bank?

Newport Federal Savings Bank in Newport, Rhode Island (RI), CT
Overview, Financial Summary, Detailed Financial Reports, Branches

Newport Federal Savings 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:

Newport Federal Savings Bank in Newport, Rhode Island (RI), CTOverview, Financial Summary, Detailed Financial Reports, Branches

Newport Federal Savings 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:

Newport Federal Savings Bank in Newport, Rhode Island (RI), CT
Overview, Financial Summary, Detailed Financial Reports, Branches