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INDEPENDENCE BANK

East Greenwich, RI

Latest Health Report

Latest Update: March 31, 2021

Assets
$67,504,000
Deposits
$46,418,000
Loans
$37,722,000
Loan Loss Provision
$0
Profit
$88,000
Capital
$18,976,000
Reserves
$8,665,000
Past Due 90 Days
$0
Nonaccrual
$1,028,000
Other Real Estate Owned
$447,000
Capital Plus Reserves
$27,641,000
Total Troubled Assets
$1,475,000
Troubled Asset Ratio
5.34

Past reports

This table shows the year-end report on key metrics for each of the past five years.
Year Assets Deposits Loans Profit Capital + Reserves Total Troubled Assets Troubled Asset Ratio
2020 $67,788,000 $46,468,000 $39,480,000 $790,000 $27,660,000 $1,589,000 5.74
2019 $65,440,000 $45,476,000 $47,552,000 $2,814,000 $27,507,000 $1,642,000 5.97
2018 $63,827,000 $46,453,000 $48,821,000 $5,967,000 $24,327,000 $2,382,000 9.79
2016 $38,739,000 $28,186,000 $27,854,000 $1,664,000 $11,480,000 $1,745,000 15.20
2015 $38,161,000 $29,297,000 $26,660,000 $639,000 $9,654,000 $656,000 6.80