Bank Rhode Island (merged into Beacon Bank and Trust)
Bank Rhode Island reported total assets of $3.6 bn at Q2 2025, its last Call Report before it merged into Beacon Bank and Trust. The CET1 capital ratio at Bank Rhode Island was 10.95%, and the uninsured share of Bank Rhode Island was 28.33%. Source: FDIC Call Reports.
What sets Bank Rhode Island apart
Nothing in the latest data sets Bank Rhode Island apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Bank Rhode Island?
The balance sheet of Bank Rhode Island at : assets $3.6 bn, deposits $2.6 bn, net loans $2.8 bn (loans equal to 107.85% of deposits). Securities make up 6.6% of total assets at Bank Rhode Island. Since , when Bank Rhode Island held $2.1 bn, its assets grew 69.6%. In the year to , deposits at Bank Rhode Island rose 3.4% while its total assets rose 6.0%. At , Bank Rhode Island employed 300 full-time equivalent staff across 22 offices, about $11.9 mn of assets per employee and $117.9 mn of deposits per office.
How much funding at Bank Rhode Island is uninsured?
At Bank Rhode Island, uninsured deposits (above the FDIC limit) made up 28.33% of domestic deposits at (+0.76 pp on a year earlier). In dollars, Bank Rhode Island estimated $735.0 mn of uninsured deposits.
Key facts, Q2 2025
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.6 bn | $2.5 bn (Q2 2024) | |
| Net loans and leases | $2.8 bn | $2.7 bn (Q2 2024) | |
| Loan-to-deposit ratio | 107.85% | 109.54% (Q2 2024) | |
| Tier 1 leverage ratio | 9.14% | 8.89% (Q2 2024) | |
| Total risk-based capital ratio | 11.89% | 11.64% (Q2 2024) | |
| Net interest margin | 3.05% | 2.78% (Q2 2024) | |
| Return on assets (ROA) | 0.98% | 0.90% (Q2 2024) | |
| Efficiency ratio | 59.85% | 65.31% (Q2 2024) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $22.0 mn | Narrowed by $10.7 mn | |
| Noncurrent loans to total loans | 0.16% | 0.65% (Q2 2024) | |
| Net charge-offs to average loans | 0.48% | 0.09% (Q2 2024) |
US rank of Bank Rhode Island: 1 = highest unless marked 1 = lowest.
Balance sheet
Bank Rhode Island: assets, deposits and loans
- Total assets $3.6bn
- Deposits $2.6bn
- Net loans $2.8bn
Capital and securities
The CET1 ratio of Bank Rhode Island stood at 10.95% in , +0.52 pp year on year. Low and high at Bank Rhode Island since : 9.57% () to 11.83% (). Equity capital of Bank Rhode Island at : $379.0 mn, or 10.6% of total assets. Bank Rhode Island also reported a total capital ratio of 11.89% for , and a tier 1 leverage ratio of 9.14%.
The available-for-sale portfolio of Bank Rhode Island showed an unrealized loss of $22.0 mn at ; the loss narrowed by $10.7 mn over the year.
Bank Rhode Island: capital ratios
- Total capital 12%
- CET1 11%
- Tier 1 leverage 9.1%
Bank Rhode Island: unrealized securities gains and losses
- Available for sale -$22mn
- Held to maturity $0
Profitability and loan quality
For the year to , Bank Rhode Island earned a return on equity of 9.29%; return on assets: 0.98%. Net interest margin at Bank Rhode Island: 3.05%, +0.27 pp in a year. Bank Rhode Island net income: $17.2 mn, up 14.5% year on year. The efficiency ratio of Bank Rhode Island was 59.85%: about 60 cents cost per revenue dollar, against 58 cents at the median peer.
At , noncurrent loans were 0.16% of total loans at Bank Rhode Island; net charge-offs: 0.48% of average loans. Gross loans and leases at Bank Rhode Island: $2.8 bn at , against $2.8 bn at .
Bank Rhode Island: profitability
- Return on equity 9.3%
- Net interest margin 3.0%
- Return on assets 1.0%
Peer group of Bank Rhode Island
The peer group of Bank Rhode Island is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Bank Rhode Island (state member bank) and 0 have head offices in Rhode Island. Against them, Bank Rhode Island shows CET1 ratio 10.95% against a peer median of 13.10%, return on equity 9.29% against a peer median of 12.19% and uninsured deposit share 28.33% against a peer median of 30.61%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Security Bank of Kansas City | State nonmember bank | KS | $3.6 bn | not reported | 12.05% | 31.90% | |
| Metro City Bank | State nonmember bank | GA | $3.6 bn | 19.79% | 15.60% | 25.11% | |
| ENCORE BANK | State member bank | AR | $3.6 bn | 10.90% | 1.56% | 34.72% | |
| Bank Rhode Island | State member bank | RI | $3.6 bn | 10.95% | 9.29% | 28.33% | |
| Community West Bank | State nonmember bank | CA | $3.6 bn | 13.84% | 8.28% | 33.09% | |
| Frandsen Bank & Trust | State member bank | MN | $3.6 bn | 12.36% | 14.71% | 20.98% | |
| D. L. Evans Bank | State nonmember bank | ID | $3.6 bn | not reported | 12.33% | 29.31% | |
. FDIC Call Reports.
Last eight quarters
Two years at Bank Rhode Island, to : assets $3.2 bn to $3.6 bn, deposits $2.5 bn to $2.6 bn, equity $334.9 mn to $379.0 mn. Staff 293 to 300; offices 21 to 22.
| Metric | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.2 bn | $3.3 bn | $3.3 bn | $3.4 bn | $3.4 bn | $3.5 bn | $3.4 bn | $3.6 bn |
| Total deposits | $2.5 bn | $2.5 bn | $2.5 bn | $2.5 bn | $2.5 bn | $2.5 bn | $2.5 bn | $2.6 bn |
| Bank equity capital | $334.9 mn | $351.8 mn | $350.3 mn | $356.1 mn | $364.2 mn | $363.5 mn | $370.6 mn | $379.0 mn |
| CET1 ratio | 10.21% | 10.20% | 10.32% | 10.43% | 10.46% | 10.53% | 10.76% | 10.95% |
| Return on equity (ROE) | 7.78% | 8.34% | 5.48% | 8.54% | 8.40% | 8.23% | 7.44% | 9.29% |
| Uninsured share of domestic deposits | 27.81% | 27.30% | 27.12% | 27.58% | 28.68% | 28.48% | 28.13% | 28.33% |
| Full-time equivalent employees | 293 | 292 | 292 | 299 | 297 | 306 | 293 | 300 |
| Number of offices | 21 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Bank Rhode Island, oldest first; figures before and after each event are not like for like.
- . Merged into Beacon Bank and Trust (FDIC certificate 17798).
Questions and identifiers
What were the total assets of Bank Rhode Island?
Bank Rhode Island reported $3.6 bn at in its Call Report.
Is Bank Rhode Island the same as its holding company?
No. This page covers Bank Rhode Island, FDIC certificate 34147; BROOKLINE BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Bank Rhode Island profitable?
Bank Rhode Island reported net income of $17.2 mn for the year to ; annualized return on equity: 9.29%. So yes: Bank Rhode Island made a profit over these months.
When is data for Bank Rhode Island next updated?
Bank Rhode Island no longer files Call Reports; its data ends at .
Where can I check the figures for Bank Rhode Island?
In the FDIC BankFind Suite record for certificate 34147, and in the Call Reports of Bank Rhode Island (RSSD ID 2434113) at the FFIEC Central Data Repository.