Overview / Commentary
BankNewport is headquartered in Newport and is the 4th largest bank in the state of Rhode Island. It is also the 497th largest bank in the nation. It was established in 1819 and as of December of 2019, it had grown to 338 employees at 18 locations. BankNewport has an A+ health rating.
Related Posts
View all posts from:
Reviews (1)
Banknewport The Worst Bank In Rhode Island
Posted by: ripfox | Feb 9, 2016
This has to be the worst bank i have ever worked with this bank will do everything in it's power to hit you with overdraft charges
there customer service is rude every time it rains there system goes down you are better off with a larger bank as banknewport pay such
low wages to there workers they have no pro bankers to help you
Health
A+
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 18129 |
| Year Established | 1819 |
| Employees | 338 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.08% |
| Return on Equity - YTD | 9.93% |
| Annual Interest Income | $75.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $1.75B$1.67B |
| Loans | Q4 2019vs Q4 2018 | $1.40B$1.33B |
| Deposits | Q4 2019vs Q4 2018 | $1.41B$1.34B |
| Equity Capital | Q4 2019vs Q4 2018 | $197.4MM$173.2MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $13.5MM$12.0MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $10.9MM$11.6MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |
