Independence Bank (RI) is headquartered in East Greenwich and is the 7th largest bank in the state of Rhode Island. It is also the 4,453rd largest bank in the nation. It was established in 2003 and as of December of 2020, it had grown to 16 employees at 1 location. Independence Bank (RI) has a B+ health rating.
Overall | |
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FDIC Certificate # | 57379 |
Year Established | 2003 |
Employees | 16 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.17% |
Return on Equity - YTD | 4.05% |
Annual Interest Income | $4.4MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $67.8MM$65.9MM |
Loans | Q4 2020vs Q4 2019 | $39.5MM$47.6MM |
Deposits | Q4 2020vs Q4 2019 | $46.5MM$45.5MM |
Equity Capital | Q4 2020vs Q4 2019 | $19.9MM$19.1MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $8.9MM$10.6MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.1MM$1.5MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $447.00K$154.00K |
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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 |
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0.25% | - | - | Personal Savings | |
0.25% | - | - | Business Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.25% | - | - | Personal Money Market | |
0.25% | - | - | Business Money Market |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.15% | - | - | Personal Checking | |
0.15% | - | - | Business Checking |
Independence Bank (RI) Locations | ||
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Independence Bank | 1370 South County Trail | East Greenwich, RI 02818 |