BankNewport
Middletown, Rhode Island, Newport County
$3.1B in total assets, the 431st largest of 4,309 US banks and 4th of 5 headquartered in Rhode Island.
- FDIC certificate
- 18129
- Established
- 1819
- Owned by
- Oceanpoint Finl Partners Mhc
- Primary regulator
- FED
- Website
- www.banknewport.com
At a glance
Compared with 901 US banks with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.1B | 71% | $2.0B | |
| Loans | $2.5B | 76% | $1.4B | |
| Deposits | $2.4B | 69% | $1.7B | |
| Return on assets | 0.62% | 12% | 1.23% | |
| Net interest margin | 3.26% | 24% | 3.71% | |
| Efficiency ratio | 69.6% | 78% | 59.1% | |
| Equity to assets | 9.93% | 42% | 10.38% | |
| Loans to deposits | 102% | 87% | 88% |
Growth
Total assets grew 6.7% a year over the last 5 years and 8.1% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jun 1987 | Newport County Trust Company Newport, RI | $58M |
Where they operate
19 branches in 5 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Newport County, RI | $1.4B | 51.3% | 1 of 10 |
| Bristol County, RI | $335M | 19.8% | 2 of 10 |
| Providence County, RI | $325M | 1.1% | 8 of 15 |
| Kent County, RI | $198M | 3.5% | 9 of 13 |
| Washington County, RI | $198M | 3.3% | 5 of 9 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 4 branches since 2016 (15 to 19, +26.7%). 6 opened, 0 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 15 | |||
| 2017 | Opened CranstonClosed Cranston | 1 | 1 | 0 | 15 |
| 2018 | Opened Providence | 2 | 0 | +2 | 17 |
| 2019 | Opened Johnston | 1 | 0 | +1 | 18 |
| 2020 | Closed North Kingstown | 0 | 1 | −1 | 17 |
| 2021 | Opened Warwick | 1 | 0 | +1 | 18 |
| 2023 | Opened Lincoln | 1 | 0 | +1 | 19 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 37% | 32% | |
| 1-4 family residential | 36% | 25% | |
| Business (C&I) | 11% | 14% | |
| Multifamily | 7% | 8% | |
| Construction and land | 7% | 8% | |
| Consumer | 1% | 4% | |
| Farmland | 0% | 3% | |
| Agricultural | 0% | 2% | |
| Other | 1% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 41% | 52% | |
| Time deposits | 38% | 27% | |
| Noninterest-bearing | 20% | 21% |
Brokered deposits are 2.7% of deposits (peers 6.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.95% | 0.51% |
| Net charge-offs, annualized | 0.02% | 0.04% |
| Reserves to loans | 0.95% | 1.15% |
| Leverage ratio | 10.58% | 10.52% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Rhode Island
Largest competitors in Newport County, RI
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banknewport