BankNewport is headquartered in NEWPORT and is the 4th largest bank in the state of Rhode Island. It is also the 438th largest bank in the nation. It was established in 1819 and as of June of 2024, it had grown to 321 employees at 19 locations. BankNewport's CD rates are 4X the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 18129 |
Year Established | 1819 |
Employees | 321 |
Primary Regulator | FED |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.21% |
Return on Equity - YTD | 2.19% |
Annual Interest Income | $68.1MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2024vs Q2 2023 | $2.77B$2.58B |
Loans | Q2 2024vs Q2 2023 | $2.19B$2B |
Deposits | Q2 2024vs Q2 2023 | $2.22B$2.06B |
Equity Capital | Q2 2024vs Q2 2023 | $260.8MM$240.6MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $14.1MM$17.1MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $3.9MM$7.2MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $100 | - | IRA Statement Savings | |
0.05% | $100 | - | Statement Savings Account | |
0.05% | $100 | - | Business Statement Savings Account |