Vitals
  • Total Assets
    38.7M 1.5 %
  • Total Deposits
    28.2M -3.8 %
  • Total Net Loans
    27.9M 4.5 %
  • Net Income
    1.7M 160.4 %
  • Book Value
    8.7M 16.1 %
  • Book Value x2
    17.4M 16.1 %
  • Book Value x3
    26.1M 16.1 %
ROAA

4.372

ROAE

20.41

Efficiency Ratio

54.506

Net Interest Margin

6.158

Balance Sheet Highlights
Financial Highlights Independence Bank All Insured Commercial Banks in Rhode Island
Balance Sheet $(000)
Total Assets 38,739 20,839,534
Total Net Loans 27,854 15,492,180
Total Deposits 28,186 14,848,553
Total Equity 8,684 2,865,868
Profitability
Net Income 1,664 158,991
Return on Average Assets 4.372 1.346
Return on Average Equity 20.41 8.834
Net Interest Margin 6.158 3.706
Efficiency Ratio 54.506 65.587
Noninterest Income/Revenue 70.964 26.157
Balance Sheet Ratios
Loan-to-Deposit 98.822 103.513
Securities/Assets .126
Total Equity/Total Assets .224 .138
Tangible Equity/Tangible Assets .197 .089
Capital Adequacy
Tier 1 Common Capital 8,312 1,992,918
Tier 1 Capital 8,312 1,992,930
Tier 2 Capital 372 374,666
Total Capital 8,684 2,367,596
Total Risk Weighted Assets 26,951 17,762,669
Leverage Ratio 22.42 11.852
Common Equity Tier 1 Capital Ratio 30.84 15.325
Tier 1 Capital Ratio 30.84 15.325
Total Capital Ratio 32.22 16.557

Timeline for Independence Bank

Independence Bank

Independence Bank was established 21 years ago and is currently headquartered in East Greenwich, RI.

Mar 25 2003
Relationships Role Relationship Start Relationship End
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