NewportFed

100 Bellevue Avenue, P.O. Box 210
Newport, RI 02840
1-888-660-NFSB
www.newportfederal.com

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NewportFed is headquartered in Newport and is the 7^th largest bank in the state of Rhode Island. It is also the 1,451^st largest bank in the nation. It was established in 1888 and as of September of 2011, it had grown to 81 employees at 6 locations. NewportFed has a 4-star health rating.

2.50% Reward Checking Account at a Rhode Island Bank (NewportFed) - 1/20/2008

Update 10/04/09: The top yield has fallen to 2.50% APY. Refer to the bottom of the post for the rate history.NewportFed is offering a reward checking account called e-Loop Checking that pays 2.50% APY on balances up to $50,000 (1% for over) and refunds...

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

NewportFed Checking Account Rates

Apy	Min	Max	Product
0.75%	-	$50k	e-Loop Checking - Qualifying
0.15%	$1,500	-	High Value Checking
0.05%	-	-	VIP Checking
0.05%	-	-	e-Loop Checking - Non Qualifying
0.05%	$1k	-	Non-Profit Business Interest Checking

NewportFed Savings Account Rates

Apy	Min	Max	Product
0.10%	$25k	-	Tiered Rate Savings
0.10%	$25k	-	Statement Savings
0.05%	$25	-	Regular Savings IRA
0.05%	$25	-	Regular Savings Roth IRA

NewportFed Money Market Rates

Apy	Min	Max	Product
0.10%	$25k	-	Money Market Account
0.10%	$25k	-	Business Money Market Account

NewportFed CD Rates

Apy	Min	Max	Product
1.75%	$1k	-	5 Year CD
1.30%	$1k	-	4 Year CD
1.10%	$1k	-	3 Year CD
0.75%	$1k	-	2 Year CD
0.75%	$1k	-	2 Year Online CD
0.50%	$1k	-	18 Month CD
0.45%	$1k	-	1 Year CD
0.45%	$1k	-	1 Year Online CD
0.45%	$1k	-	13 Month CD
0.20%	$2,500	-	5 Month CD
0.20%	$2,500	-	182 Day CD
0.20%	$2,500	-	7 Month CD
0.20%	$2,500	-	8 Month CD
0.20%	$2,500	-	9 Month CD
0.20%	$2,500	-	6 Month Online CD
0.15%	$2,500	-	91 Day CD

NewportFed IRA Rates

Apy	Min	Max	Product
1.75%	$500	-	5 Year IRA
1.75%	$500	-	5 Year Roth IRA
1.10%	$500	-	3 Year IRA
1.10%	$500	-	3 Year Roth IRA
0.75%	$500	-	2 Year IRA
0.75%	$500	-	2 Year Roth IRA
0.50%	$500	-	18 Month IRA
0.50%	$500	-	18 Month Roth IRA
0.45%	$500	-	1 Year IRA
0.45%	$500	-	1 Year Roth IRA

Rates updated: 2/10/2012

Data for Q3 2011

Institution Statistics

Newport Federal Savings Bank
OTS #	05652
FDIC Certificate #	30626
BankRate Report	View
Year Established	1888
Employees	81
Primary Regulator	OCC
Assets and Liabilities
Assets	$458.03 million
Loans	$351.82 million
Deposits	$269.12 million
Equity Capital	$42.99 million
Loan Loss Allowance	$3.67 million
Unbacked Noncurrent Loans	$1.41 million
Real Estate Owned	$255,000
Historic Data - September 2010
Assets	$450.38 million
Equity Capital	$41.02 million
Loan Loss Allowance	$3.50 million
Unbacked Noncurrent Loans	$675,000
Real Estate Owned	$100,000
Profit Margin - Quarterly
Net Interest Margin	3.67%
Return on Assets	0.32%
Return on Equity	3.38%
Interest Income	$16.26 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 NewportFed had $1.66 million in non-current loans and owned real-estate with $46.66 million in equity and loan loss allowances on hand to cover it. This gives NewportFed a Texas Ratio of 3.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for NewportFed held steady from 1.74% as of September 30, 2010 to 3.56% as of September 30, 2011, resulting in a negative change of 104.72%. This indicates that the balance sheet and financial strength for NewportFed has held steady in recent periods.
Deposit Growth
In the past year, NewportFed has decreased its total deposits by -$3.28 million, resulting in -1.2% 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 NewportFed has shown is below average.
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. NewportFed has $458.03 million in assets with $46.66 million in equity, resulting in a capitalization level of 10.19%, which is above average.