Bank Of America, Rhode Island, National Association
Providence, RI — National Bank
Acquired Apr 2013
Vitals
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Total Assets19.8B 10.7 %
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Total Deposits17.5B 14.8 %
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Total Net Loans9.2B -21.9 %
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Net Income47.0M 32.7 %
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Book Value2.0B -12.3 %
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Book Value x23.9B -12.3 %
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Book Value x35.9B -12.3 %
Balance Sheet Highlights
Financial Highlights | Bank Of America, Rhode Island, National Association | All Insured Commercial Banks in Rhode Island |
Balance Sheet $(000) | ||
Total Assets | 19,791,000 | 21,637,213 |
Total Net Loans | 9,205,000 | 14,040,373 |
Total Deposits | 17,511,000 | 16,769,945 |
Total Equity | 1,958,000 | 3,581,961 |
Profitability | ||
Net Income | 47,000 | 36,245 |
Return on Average Assets | .93 | .705 |
Return on Average Equity | 9.719 | 5.802 |
Net Interest Margin | 2.116 | 3.044 |
Efficiency Ratio | 21.622 | 66.149 |
Noninterest Income/Revenue | 4.386 | 27.907 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 52.567 | 80.08 |
Securities/Assets | .079 | |
Total Equity/Total Assets | .099 | .166 |
Tangible Equity/Tangible Assets | .094 | .09 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 1,852,000 | 2,071,470 |
Tier 2 Capital | 72,000 | 229,086 |
Total Capital | 1,924,000 | 2,300,556 |
Total Risk Weighted Assets | 5,503,000 | 14,926,787 |
Leverage Ratio | 9.21 | 10.07 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 33.66 | 17.89 |
Total Capital Ratio | 34.96 | 19.09 |
Timeline for Bank Of America, Rhode Island, National Association
Bank Of America, National Association
Bank Of America, Rhode Island, National Association was acquired by Bank Of America, National Association 11 years
View Profile Apr 01 2013Bank Of America, Rhode Island, National Association
Bank Of America, Rhode Island, National Association was established 18 years ago and is currently headquartered in Providence, RI.
Jun 03 2005Nb Holdings Corporation
Nb Holdings Corporation became a new parent organization for Bank Of America, Rhode Island, National Association.
View Profile Jun 03 2005Bana Ri Mortgage Company
Bana Ri Mortgage Company became a new subsidiary organization for Bank Of America, Rhode Island, National Association.
View Profile Jun 03 2005Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Bank Of America, National Association | Buyer | 322,913,000 | Pooling of Interests | Discontinued | 4/1/2013 |
Relationships | Role | Relationship Start | Relationship End |
Nb Holdings Corporation | Parent | 6/3/2005 | 3/31/2013 |
Bana Ri Mortgage Company | Subsidary | 6/30/2007 | 7/28/2011 |
Bana Ri Mortgage Company | Subsidary | 6/3/2005 | 6/29/2007 |
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