The Centreville National Bank of Warwick in West Warwick, Rhode Island (RI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1993

  • The Centreville National Bank of Warwick in West Warwick, Rhode Island (RI)
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The Centreville National Bank of Warwick - Overview

  • General
  • FDIC Certificate #: 2077
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Centreville Savings Bank (#17764)
    Federal Reserve ID: 690102
    Date Established: January 01, 1828
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 1375
    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: January 01, 1934
    Last Structure Change Effective Date: December 31, 1993
    Last Structure Change Process Date: January 25, 1994
    Last Data Update: January 25, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 1218 Main Street, West Warwick, RI 2893
    County: Kent
    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: $43.1 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $39Total assets
  • $41,869Cash and due from depository institutions
  • $5,331Interest-bearing balances
  • $0Securities
  • $24,259Federal funds sold & reverse repurchase agreements
  • $3,910Net loans & leases
  • $7,897Loan loss allowance
  • $100Trading account assets
  • $0Bank premises and fixed assets
  • $176Other real estate owned
  • $0Goodwill and other intangibles
  • $296Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $41,869Total liabilities
  • $35,532Total deposits
  • $35,430Interest-bearing deposits
  • $15,118Deposits held in domestic offices
  • 35430.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $102Total equity capital
  • $102Total bank equity capital
  • $6,337Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $1,000Undivided profits
  • Memoranda
  • $4,937Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4Income earned, not collected on loans
  • $21Earning assets
  • $36,066Long-term assets (5+ years)
  • $1,002Average Assets, year-to-date
  • $38,793Average Assets, quarterly
  • $40,269Volatile liabilities
  • $0Insider loans
  • $16FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $398Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,337Total risk weighted assets
  • $9,979Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,139Total interest expense
  • $306Net interest income
  • $1,833Provision for loan and lease losses
  • $23Total noninterest income
  • $741Fiduciary activities
  • $0Service charges on deposit accounts
  • $298Trading account gains & fees
  • $0Additional noninterest income
  • $443Total noninterest expense
  • $2,207Salaries and employee benefits
  • $1,258Premises and equipment expense
  • $255Additional noninterest expense
  • $694Pre-tax net operating income
  • $344Securities gains (losses)
  • $0Applicable income taxes
  • $115Income before extraordinary items
  • $229Extraordinary gains - net
  • $0Net income attributable to bank
  • $229Net charge-offs
  • $23Cash dividends
  • $44Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.50%Cost of funding earning assets
  • 0.93%Net interest margin
  • 5.57%Noninterest income to earning assets
  • 2.25%Noninterest expense to earning assets
  • 6.70%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.59%Pretax return on assets
  • 0.89%Return on equity (ROE)
  • 3.67%Retained earnings to average equity (YTD only)
  • 2.96%Net charge-offs to loans
  • 0.31%Credit loss provision to net charge-offs
  • 100.00%Efficiency ratio
  • 85,742Assets per employee
  • 1.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.21%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 2500.00%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 22.29%Net loans and leases to core deposits
  • 22.29%Equity capital to assets
  • 15.14%Core capital (leverage) ratio
  • 15.93%Tier 1 risk-based capital ratio
  • 63.50%Total risk-based capital ratio
  • Memoranda
  • $65Average assets
  • $38,793Average earning assets
  • $6,244Average equity
  • $32,919Average loans

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