Home Loan Investment Bank, F.S.B. in Warwick, Rhode Island (RI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Home Loan Investment Bank, F.S.B. in Warwick, Rhode Island (RI)
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Home Loan Investment Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 27417
    Status: Active
    Federal Reserve ID: 724904
    Date Established: January 01, 1979
    WWW: http://www.homeloanbankfsb.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12504
    FDIC's unique #: 39887
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 30, 1994
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 Home Loan Plaza, Suite 3, Warwick, RI 2886
    County: Kent
    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
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $195.4 mil
    Equity capital: $17.8 mil
    Deposits held in domestic offices: $169.8 mil
    Return on assets (ROA): -4.06% (-$7.9 mil)
    Quarterly return on assets: -2.38% (-$4.6 mil)
    Return on Equity (ROE): -42.19% (-$7.6 mil)
    Quarterly return on equity: -26.58% (-$4.8 mil)
    Net income: -$8.5 mil
    Quarterly Net income: -$1.2 mil
    Pretax return on assets: -4.06% (-$7,933.0 mil)
    Quarterly Pretax return on assets: -2.38% (-$4,650.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 77Total employees (full-time equivalent)
  • $195,395Total assets
  • $17,743Cash and due from depository institutions
  • $5,776Interest-bearing balances
  • $25,268Securities
  • $1,512Federal funds sold & reverse repurchase agreements
  • $135,177Net loans & leases
  • $6,489Loan loss allowance
  • $508Trading account assets
  • $2,385Bank premises and fixed assets
  • $829Other real estate owned
  • $1,754Goodwill and other intangibles
  • $195,395Life insurance assets
  • $10,219All other assets
  • $177,631Total liabilities and capital
  • $169,753Total liabilities
  • $168,551Total deposits
  • $169,753Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,694Trading liabilities
  • $0Other borrowed funds
  • $5,184Subordinated debt
  • $17,764All other liabilities
  • $17,764Total equity capital
  • $17,764Total bank equity capital
  • $0Perpetual preferred stock
  • $92Common stock
  • $38,674Surplus
  • $-21,002Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,280Income earned, not collected on loans
  • $1,074Earning assets
  • $979Long-term assets (5+ years)
  • $168,241Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $210,134Volatile liabilities
  • $205,316Insider loans
  • $115,955FHLB advances
  • $195,143Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,512Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,483Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,722Total interest income
  • $2,786Total interest expense
  • $6,936Net interest income
  • $7,027Provision for loan and lease losses
  • $4,579Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $24Trading account gains & fees
  • $4,555Additional noninterest income
  • $13,029Total noninterest expense
  • $6,318Salaries and employee benefits
  • $1,446Premises and equipment expense
  • $5,265Additional noninterest expense
  • -$8,541Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$8,541Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,541Net income attributable to bank
  • $0Net charge-offs
  • -$8,541Cash dividends
  • $8,340Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 1.55%Cost of funding earning assets
  • 3.86%Net interest margin
  • 2.55%Noninterest income to earning assets
  • 7.25%Noninterest expense to earning assets
  • -4.06%Net operating income to assets
  • -4.06%Return on assets (ROA)
  • -4.06%Pretax return on assets
  • -42.19%Return on equity (ROE)
  • -42.19%Retained earnings to average equity (YTD only)
  • 5.77%Net charge-offs to loans
  • 84.26%Credit loss provision to net charge-offs
  • -0.18%Efficiency ratio
  • 113,148Assets per employee
  • 2.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.58%Loss allowance to noncurrent loans
  • 69.92%Noncurrent assets plus other real estate owned to assets
  • 5.17%Noncurrent loans to loans
  • 6.55%Net loans and leases to deposits
  • 79.63%Net loans and leases to core deposits
  • 81.30%Equity capital to assets
  • 9.09%Core capital (leverage) ratio
  • 8.97%Tier 1 risk-based capital ratio
  • 15.10%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $210,134Average earning assets
  • $20,243Average equity
  • $179,806Average loans

List of branches

  • 3 Rhode Island Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    039887Home Loan Investment Bank, F.S.b.1 Home Loan Plaza, Suite 3, Warwick, RI 2886January 01, 1979Full Service Brick and Mortar
    2261965Warwick Branch40 Airport Road, Warwick, RI 2889August 07, 1989Full Service Brick and Mortar
    3261966Providence Office244 Weybosset Street, Providence, RI 2903December 30, 1994Full Service Brick and Mortar

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