Bank of America, Rhode Island, National Association - Overview
General
FDIC Certificate #: 58032 Status: Active Federal Reserve ID: 3344611 Bank Holding Company (Regulatory Top Holder): Bank Of America Corporation (RSSDID: 1073757, Location: Charlotte, NC) Date Established: June 03, 2005 WWW:http://www.bankofamerica.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 436934 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: June 03, 2005 Last Structure Change Effective Date: January 16, 2009 Last Structure Change Process Date: November 24, 2009 Last Data Update: November 24, 2009 Data Source Date: April 05, 2012
Location
Address: 111 Westminister Street, Providence, RI 2903 County: Providence Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: Washington FDIC Field Office: South Boston Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Providence-Fall River-Warwick, RI-MA (#6480) Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148) Core Based Statistical Area (CBSA): Providence-New Bedford-Fall River, RI-MA (#39300) CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
History of Changes
Participated in Open Bank Assistance
Financial Summary
Total assets: $17,770.0 mil Equity capital: $2,197.7 mil Deposits held in domestic offices: $15,134.5 mil Return on assets (ROA): 1.11% ($197.2 mil) Quarterly return on assets: 1.16% ($206.1 mil) Return on Equity (ROE): 9.74% ($214.1 mil) Quarterly return on equity: 9.55% ($209.9 mil) Net income: $204.3 mil Quarterly Net income: $51.9 mil Pretax return on assets: 1.76% ($312,751.2 mil) Quarterly Pretax return on assets: 1.85% ($328,744.2 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
0Total employees (full-time equivalent)
$17,769,956Total assets
$3,189,331Cash and due from depository institutions
$3,186,713Interest-bearing balances
$0Securities
$2,025Federal funds sold & reverse repurchase agreements
$12,905,264Net loans & leases
$222,425Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$66,226Other real estate owned
$128,800Goodwill and other intangibles
$17,769,956Life insurance assets
$1,478,310All other assets
$15,572,236Total liabilities and capital
$15,134,471Total liabilities
$15,134,471Total deposits
$15,134,471Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$195,843Trading liabilities
$0Other borrowed funds
$241,922Subordinated debt
$2,197,720All other liabilities
$2,197,720Total equity capital
$2,197,720Total bank equity capital
$0Perpetual preferred stock
$310,000Common stock
$1,499,019Surplus
$388,701Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,321,325Income earned, not collected on loans
$0Earning assets
$61,790Long-term assets (5+ years)
$16,094,002Average Assets, year-to-date
$8,686,041Average Assets, quarterly
$18,485,940Volatile liabilities
$17,918,332Insider loans
$7,596,323FHLB advances
$17,579,679Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,068,920Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$668,688Total interest income
$47,906Total interest expense
$620,782Net interest income
$230,921Provision for loan and lease losses
$30,011Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$30,011Additional noninterest income
$95,331Total noninterest expense
$0Salaries and employee benefits
$0Premises and equipment expense
$95,331Additional noninterest expense
$324,541Pre-tax net operating income
$0Securities gains (losses)
$120,210Applicable income taxes
$204,331Income before extraordinary items
$0Extraordinary gains - net
$204,331Net income attributable to bank
$0Net charge-offs
$204,331Cash dividends
$239,588Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.96%Yield on earning assets
0.28%Cost of funding earning assets
3.68%Net interest margin
0.18%Noninterest income to earning assets
0.57%Noninterest expense to earning assets
1.11%Net operating income to assets
1.11%Return on assets (ROA)
1.76%Pretax return on assets
9.74%Return on equity (ROE)
9.74%Retained earnings to average equity (YTD only)
1.68%Net charge-offs to loans
96.38%Credit loss provision to net charge-offs
2.32%Efficiency ratio
11,821Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.69%Loss allowance to noncurrent loans
16.83%Noncurrent assets plus other real estate owned to assets
7.81%Noncurrent loans to loans
10.07%Net loans and leases to deposits
85.27%Net loans and leases to core deposits
107.50%Equity capital to assets
12.37%Core capital (leverage) ratio
11.77%Tier 1 risk-based capital ratio
27.24%Total risk-based capital ratio
Memoranda
$29Average assets
$18,485,940Average earning assets
$2,097,065Average equity
$16,868,951Average loans
List of branches
1 Rhode Island Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
436934
Bank Of America, Rhode Island, National Association
111 Westminister Street, Providence, RI 2903
June 03, 2005
Full Service Brick and Mortar
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Bank of America, Rhode Island, National Association
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