Vitals
  • Total Assets
    1.4B 3.4 %
  • Total Deposits
    1.1B 5.2 %
  • Total Net Loans
    1.1B 4.8 %
  • Net Income
    11.8M 19.6 %
  • Book Value
    148.2M 7.8 %
  • Book Value x2
    296.4M 7.8 %
  • Book Value x3
    444.5M 7.8 %
ROAA

.839

ROAE

8.19

Efficiency Ratio

65.862

Net Interest Margin

3.275

Balance Sheet Highlights
Financial Highlights Banknewport All Insured Commercial Banks in Rhode Island
Balance Sheet $(000)
Total Assets 1,424,530 20,839,534
Total Net Loans 1,132,279 15,492,180
Total Deposits 1,128,692 14,848,553
Total Equity 148,182 2,865,868
Profitability
Net Income 11,811 158,991
Return on Average Assets .839 1.346
Return on Average Equity 8.19 8.834
Net Interest Margin 3.275 3.706
Efficiency Ratio 65.862 65.587
Noninterest Income/Revenue 22.5 26.157
Balance Sheet Ratios
Loan-to-Deposit 100.318 103.513
Securities/Assets .142 .126
Total Equity/Total Assets .104 .138
Tangible Equity/Tangible Assets .099 .089
Capital Adequacy
Tier 1 Common Capital 143,464 1,992,918
Tier 1 Capital 143,464 1,992,930
Tier 2 Capital 10,353 374,666
Total Capital 153,817 2,367,596
Total Risk Weighted Assets 1,124,598 17,762,669
Leverage Ratio 10.1 11.852
Common Equity Tier 1 Capital Ratio 12.76 15.325
Tier 1 Capital Ratio 12.76 15.325
Total Capital Ratio 13.68 16.557

Timeline for Banknewport

Oceanpoint Community Investment Corp

Oceanpoint Community Investment Corp became a new subsidiary organization for Banknewport.

View Profile Sep 01 2006

Oceanpoint Investment Services, Inc

Oceanpoint Investment Services, Inc became a new subsidiary organization for Banknewport.

View Profile Sep 01 2005

Oceanpoint Financial Partners, Llc

Oceanpoint Financial Partners, Llc became a new parent organization for Banknewport.

View Profile Apr 18 2005

Oceanpoint Insurance Agency, Inc.

Oceanpoint Insurance Agency, Inc. became a new subsidiary organization for Banknewport.

View Profile Apr 18 2005

Bon Investment Services, Inc.

Bon Investment Services, Inc. became a new subsidiary organization for Banknewport.

View Profile Apr 18 2005

Want to see more?

Complete timeline for Banknewport is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Newport County Trust Company Seller 58,135 Discontinued 6/1/1987
Relationships Role Relationship Start Relationship End
Oceanpoint Financial Partners, Llc Parent 4/18/2005
Oceanpoint Insurance Agency, Inc. Subsidary 4/18/2005
Bon Investment Services, Inc. Subsidary 4/18/2005
Oceanpoint Investment Services, Inc Subsidary 9/1/2005
Newport County Trust Subsidary 4/18/2005 6/8/2012
Oceanpoint Community Investment Corp Subsidary 9/1/2006 10/20/2011
Corrigan Financial, Inc. Subsidary 4/18/2005 9/30/2005
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