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

This bank is inactive as of May 21, 1998

  • Rhode Island Hospital Trust National Bank in Providence, Rhode Island (RI)
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Rhode Island Hospital Trust National Bank - Overview

  • General
  • FDIC Certificate #: 17057
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fleet National Bank (#2558)
    Federal Reserve ID: 810302
    Date Established: January 01, 1867
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 46 (Interstate: No)
    OTS Docket #: 10125
    FDIC's unique #: 11115
    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: October 31, 1951
    Last Structure Change Effective Date: May 21, 1998
    Last Structure Change Process Date: June 09, 1998
    Last Data Update: June 09, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 15 Westminster 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)
  • Financial Summary
  • Total assets: $3,272.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 1,874Total employees (full-time equivalent)
  • $3,437,717Total assets
  • $320,728Cash and due from depository institutions
  • $753Interest-bearing balances
  • $883,553Securities
  • $203,941Federal funds sold & reverse repurchase agreements
  • $1,635,023Net loans & leases
  • $28,000Loan loss allowance
  • $0Trading account assets
  • $73,322Bank premises and fixed assets
  • $88Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $321,062All other assets
  • $3,437,717Total liabilities and capital
  • $3,128,303Total liabilities
  • $2,778,568Total deposits
  • $2,186,730Interest-bearing deposits
  • $2,778,568Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $53,594Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $214,657Other borrowed funds
  • $0Subordinated debt
  • $81,484All other liabilities
  • $309,414Total equity capital
  • $309,414Total bank equity capital
  • $309,414Perpetual preferred stock
  • $0Common stock
  • $10,200Surplus
  • $36,449Undivided profits
  • Memoranda
  • $262,765Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $11,128Earning assets
  • $268Long-term assets (5+ years)
  • $9,811Average Assets, year-to-date
  • $2,723,270Average Assets, quarterly
  • $673,429Volatile liabilities
  • $3,583,453Insider loans
  • $3,427,269FHLB advances
  • $382,462Loans and leases held for sale
  • $157Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $861,299Total unused commitments
  • $0Restructured Loans and leases
  • $2,302,609Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $230,993Total interest income
  • $120,689Total interest expense
  • $110,304Net interest income
  • $8,104Provision for loan and lease losses
  • $64,405Total noninterest income
  • $32,127Fiduciary activities
  • $10,372Service charges on deposit accounts
  • $0Trading account gains & fees
  • $21,906Additional noninterest income
  • $89,136Total noninterest expense
  • $47,715Salaries and employee benefits
  • $7,476Premises and equipment expense
  • $33,945Additional noninterest expense
  • $77,469Pre-tax net operating income
  • $2,222Securities gains (losses)
  • $29,414Applicable income taxes
  • $50,277Income before extraordinary items
  • $0Extraordinary gains - net
  • $50,277Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $8,070Sale, conversion, retirement of capital stock, net
  • $49,257Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.72%Yield on earning assets
  • 4.04%Cost of funding earning assets
  • 3.69%Net interest margin
  • 2.15%Noninterest income to earning assets
  • 2.98%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 2.22%Pretax return on assets
  • 16.55%Return on equity (ROE)
  • 0.34%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 100.42%Credit loss provision to net charge-offs
  • 10.60%Efficiency ratio
  • 51,020Assets per employee
  • 1.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 97.97%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 251.62%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 58.84%Net loans and leases to core deposits
  • 62.04%Equity capital to assets
  • 9.00%Core capital (leverage) ratio
  • 9.47%Tier 1 risk-based capital ratio
  • 13.29%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $3,583,453Average earning assets
  • $303,848Average equity
  • $2,991,044Average loans

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