Old Stone Bank A Federal Savings Bank in Providence, Rhode Island (RI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 29, 1993

  • Old Stone Bank A Federal Savings Bank in Providence, Rhode Island (RI)
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Old Stone Bank A Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29892
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Old Stone Federal Savings Bank (#33781)
    Federal Reserve ID: 11677
    Date Established: January 01, 1936
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4271
    FDIC's unique #: 42726
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: May 14, 1937
    Last Structure Change Effective Date: January 29, 1993
    Last Structure Change Process Date: Febuary 22, 1993
    Last Data Update: Febuary 22, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 86 South Main Street, Providence, RI 2901
    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
  • Absorption - Assisted
    Institution Enters Conservatorship
    Corrections
  • Financial Summary
  • Total assets: $1,847.2 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $738Total assets
  • $1,847,236Cash and due from depository institutions
  • $47,820Interest-bearing balances
  • $540Securities
  • $82,284Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $1,386,649Loan loss allowance
  • $25,936Trading account assets
  • $0Bank premises and fixed assets
  • $28,444Other real estate owned
  • $188,516Goodwill and other intangibles
  • $112,542Life insurance assets
  • $981All other assets
  • $0Total liabilities and capital
  • $1,847,236Total liabilities
  • $1,821,049Total deposits
  • $1,704,347Interest-bearing deposits
  • $1,598,878Deposits held in domestic offices
  • 1704347.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $5,346Trading liabilities
  • $0Other borrowed funds
  • $78,733Subordinated debt
  • $0All other liabilities
  • $32,623Total equity capital
  • $32,623Total bank equity capital
  • $26,187Perpetual preferred stock
  • $0Common stock
  • $10,000Surplus
  • $192,194Undivided profits
  • Memoranda
  • $-176,007Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $52,429Income earned, not collected on loans
  • $10,852Earning assets
  • $1,469,473Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $2,021,575Average Assets, quarterly
  • $1,888,887Volatile liabilities
  • $203,966Insider loans
  • $0FHLB advances
  • $75,000Loans and leases held for sale
  • $0Unused loan commitments
  • $120,916Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $24,174Total risk weighted assets
  • $1,438,349Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $133,195Total interest expense
  • $90,046Net interest income
  • $43,149Provision for loan and lease losses
  • $15,788Total noninterest income
  • $10,115Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $10,115Total noninterest expense
  • $71,016Salaries and employee benefits
  • $24,015Premises and equipment expense
  • $8,703Additional noninterest expense
  • $38,298Pre-tax net operating income
  • -$33,540Securities gains (losses)
  • $4,553Applicable income taxes
  • -$387Income before extraordinary items
  • -$28,600Extraordinary gains - net
  • $0Net income attributable to bank
  • -$28,600Net charge-offs
  • $20,852Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $1,640Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.23%Cost of funding earning assets
  • 5.56%Net interest margin
  • 2.67%Noninterest income to earning assets
  • 0.62%Noninterest expense to earning assets
  • 4.39%Net operating income to assets
  • -1.64%Return on assets (ROA)
  • -1.41%Pretax return on assets
  • -1.43%Return on equity (ROE)
  • -80.11%Retained earnings to average equity (YTD only)
  • -80.11%Net charge-offs to loans
  • 1.39%Credit loss provision to net charge-offs
  • 75.71%Efficiency ratio
  • 132,915Assets per employee
  • 2.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 49.47%Noncurrent assets plus other real estate owned to assets
  • 13.02%Noncurrent loans to loans
  • 3.71%Net loans and leases to deposits
  • 81.36%Net loans and leases to core deposits
  • 87.52%Equity capital to assets
  • 1.42%Core capital (leverage) ratio
  • 1.32%Tier 1 risk-based capital ratio
  • 1.68%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $2,021,575Average earning assets
  • $35,700Average equity
  • $1,619,031Average loans

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