Fleet National Bank in Providence, Rhode Island (RI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 2000

  • Fleet National Bank in Providence, Rhode Island (RI)
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Fleet National Bank - Overview

  • General
  • FDIC Certificate #: 2499
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Fleet National Bank (#2558)
    Federal Reserve ID: 735405
    Date Established: May 29, 1792
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 727 (Interstate: No)
    OTS Docket #: 12182
    FDIC's unique #: 1641
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 01, 2000
    Last Structure Change Process Date: March 21, 2000
    Last Data Update: March 21, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 Westminster Street, Providence, RI 2903
    County: Providence
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    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
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $87,741.0 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 27,447Total employees (full-time equivalent)
  • $87,741,000Total assets
  • $9,903,000Cash and due from depository institutions
  • $5,239,000Interest-bearing balances
  • $6,487,000Securities
  • $3,520,000Federal funds sold & reverse repurchase agreements
  • $57,113,000Net loans & leases
  • $1,326,000Loan loss allowance
  • $235,000Trading account assets
  • $804,000Bank premises and fixed assets
  • $11,000Other real estate owned
  • $5,611,000Goodwill and other intangibles
  • $0Life insurance assets
  • $4,057,000All other assets
  • $87,741,000Total liabilities and capital
  • $80,400,000Total liabilities
  • $44,385,000Total deposits
  • $31,430,000Interest-bearing deposits
  • $41,259,000Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $11,371,000Federal funds purchased & repurchase agreements
  • $197,000Trading liabilities
  • $18,927,000Other borrowed funds
  • $2,422,000Subordinated debt
  • $3,098,000All other liabilities
  • $7,341,000Total equity capital
  • $7,341,000Total bank equity capital
  • $7,341,000Perpetual preferred stock
  • $125,000Common stock
  • $19,000Surplus
  • $4,352,000Undivided profits
  • Memoranda
  • $2,845,000Noncurrent loans and leases
  • $87,494,000Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $525,000Earning assets
  • $18,000Long-term assets (5+ years)
  • $418,000Average Assets, year-to-date
  • $72,359,000Average Assets, quarterly
  • $14,757,000Volatile liabilities
  • $80,011,000Insider loans
  • $84,108,000FHLB advances
  • $29,387,000Loans and leases held for sale
  • $273,000Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $110,225,000Tier 2 risk-based capital
  • $4,443,000Total risk weighted assets
  • $87,494,000Total unused commitments
  • $40,000Restructured Loans and leases
  • $3,491,304Derivatives
  • $355,000Total assets and liabilities in foreign offices

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $5,402,000Total interest income
  • $2,529,000Total interest expense
  • $2,873,000Net interest income
  • $530,000Provision for loan and lease losses
  • $2,965,000Total noninterest income
  • $282,000Fiduciary activities
  • $341,000Service charges on deposit accounts
  • $61,000Trading account gains & fees
  • $2,281,000Additional noninterest income
  • $3,671,000Total noninterest expense
  • $1,666,000Salaries and employee benefits
  • $481,000Premises and equipment expense
  • $1,524,000Additional noninterest expense
  • $1,637,000Pre-tax net operating income
  • -$5,000Securities gains (losses)
  • $606,000Applicable income taxes
  • $1,026,000Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,026,000Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $531,000Sale, conversion, retirement of capital stock, net
  • $1,137,000Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.11%Yield on earning assets
  • 3.80%Cost of funding earning assets
  • 4.31%Net interest margin
  • 4.45%Noninterest income to earning assets
  • 5.51%Noninterest expense to earning assets
  • 1.29%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 2.04%Pretax return on assets
  • 13.73%Return on equity (ROE)
  • -1.49%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 99.81%Credit loss provision to net charge-offs
  • 4.08%Efficiency ratio
  • 59,421Assets per employee
  • 3.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 110.82%Loss allowance to loans
  • 2.27%Loss allowance to noncurrent loans
  • 252.57%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 0.90%Net loans and leases to deposits
  • 128.68%Net loans and leases to core deposits
  • 155.85%Equity capital to assets
  • 8.37%Core capital (leverage) ratio
  • 6.33%Tier 1 risk-based capital ratio
  • 6.29%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $80,011,000Average earning assets
  • $7,471,400Average equity
  • $66,635,600Average loans

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