Admirals Bank

815 Reservoir Avenue
Cranston, RI 02910
800-556-6600
www.admiralsbank.com

OverView
Rates
Health
Reviews

Domestic Bank was founded in 1967 to provide a full line of exceptional services to businesses and consumers, borrowers and savers.

For over 40 years, they've grown by honoring a tradition of service, prudent lending and an overall conservative approach to finance. At the same time, they've expanded their services to offer comprehensive programs to meet the complete banking needs of their customers.

Competitive Money Market Rate at Admirals Bank in MA & RI - Local Only - 11/14/2011

Sometimes you can get a competitive rate at a local bank, but there are often two issues. First, it may be a promo rate that won't stay competitive for the long term. Second, there are often hoops tha ...

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Admirals Bank Checking Account Rates

Apy	Min	Max	Product
2.00%	-	$10k	Admirals Advantage Checking
0.50%	-	-	IOLTA (For Attorneys)
0.20%	$500	-	Anchor Companion Checking
0.15%	-	-	Not for Profit Checking
0.10%	-	-	Admirals NOW Account
0.10%	-	-	Admirals Plus Checking

Admirals Bank Savings Account Rates

Apy	Min	Max	Product
0.75%	$25k	-	Premier Business Savings
0.50%	$50k	-	Admirals Plus Savings
0.15%	-	-	Basic Business Savings
0.10%	-	-	Admirals Passbook
0.10%	-	-	Admirals Savings

Admirals Bank Money Market Rates

Apy	Min	Max	Product
1.15%	$20k	-	Anchor Companion Money Market
0.50%	$25k	-	Admirals Money Market
0.50%	$50k	-	Business Money Market

Admirals Bank CD Rates

Apy	Min	Max	Product
1.50%	$500	-	60 Month CD
1.25%	$500	-	48 Month CD
1.00%	$500	-	18 Month CD
1.00%	$500	-	24 Month CD
1.00%	$500	-	36 Month CD
0.50%	$500	-	12 Month CD
0.40%	$500	-	6 Month CD
0.25%	$500	-	3 Month CD

Admirals Bank IRA Rates

Apy	Min	Max	Product
1.50%	$500	-	60 Month IRA
1.25%	$500	-	48 Month IRA
1.00%	$500	-	18 Month IRA
1.00%	$500	-	24 Month IRA
1.00%	$500	-	36 Month IRA
0.50%	$500	-	12 Month IRA
0.40%	$500	-	6 Month IRA
0.25%	$500	-	3 Month IRA

Rates updated: 2/8/2012

Data for Q3 2011

Institution Statistics

Admirals Bank
OTS #	13964
FDIC Certificate #	27015
BankRate Report	View
Year Established	1967
Employees	222
Primary Regulator	OCC
Assets and Liabilities
Assets	$396.83 million
Loans	$288.16 million
Deposits	$342.26 million
Equity Capital	$49.29 million
Loan Loss Allowance	$1.61 million
Unbacked Noncurrent Loans	$7.90 million
Real Estate Owned	$571,000
Historic Data - September 2010
Assets	$341.98 million
Equity Capital	$38.68 million
Loan Loss Allowance	$516,000
Unbacked Noncurrent Loans	$2.82 million
Real Estate Owned	$749,000
Profit Margin - Quarterly
Net Interest Margin	7.19%
Return on Assets	0.51%
Return on Equity	3.92%
Interest Income	$20.91 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Admirals Bank had $8.47 million in non-current loans and owned real-estate with $50.9 million in equity and loan loss allowances on hand to cover it. This gives Admirals Bank a Texas Ratio of 16.64% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Admirals Bank increased slightly from 9.18% as of September 30, 2010 to 16.64% as of September 30, 2011, resulting in a negative change of 81.30%. This indicates that the balance sheet and financial strength for Admirals Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Admirals Bank has increased its total deposits by $43.96 million, resulting in 14.74% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Admirals Bank has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Admirals Bank has $396.83 million in assets with $50.9 million in equity, resulting in a capitalization level of 12.83%, which is excellent.