Centreville Bank
West Warwick, Rhode Island, Kent County
$3.2B in total assets, the 422nd largest of 4,309 US banks and 3rd of 5 headquartered in Rhode Island.
- FDIC certificate
- 17764
- Established
- 1888
- Owned by
- Centreville Mhc
- Primary regulator
- FDIC
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 | $3.2B | 72% | $2.0B | |
| Loans | $2.4B | 74% | $1.4B | |
| Deposits | $2.3B | 66% | $1.7B | |
| Return on assets | 1.22% | 50% | 1.23% | |
| Net interest margin | 3.11% | 19% | 3.71% | |
| Efficiency ratio | 67.5% | 73% | 59.1% | |
| Equity to assets | 13.66% | 88% | 10.38% | |
| Loans to deposits | 105% | 91% | 88% |
Growth
Total assets grew 10.9% a year over the last 5 years and 11.0% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 2020 | Putnam Bank Putnam, CT | $503M |
| Dec 1993 | The Centreville National Bank of Warwick West Warwick, RI | $43M |
Where they operate
22 branches in 7 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Kent County, RI | $1.5B | 26.2% | 1 of 13 |
| Northeastern Connecticut County, CT | $374M | 24.7% | 2 of 7 |
| Providence County, RI | $166M | 0.6% | 12 of 15 |
| Southeastern Connecticut County, CT | $111M | 1.7% | 10 of 14 |
| Washington County, RI | $105M | 1.8% | 7 of 9 |
| Newport County, RI | $38M | 1.4% | 10 of 10 |
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 15 branches since 2016 (7 to 22, +214.3%). 10 opened, 8 acquired, 3 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 7 | |||
| 2020 | Acquired Putnam BankOpened 4 in Rhode Island | 12 | 0 | +12 | 19 |
| 2022 | Closed 3 in 2 states | 0 | 3 | −3 | 16 |
| 2023 | Opened Newport and Smithfield | 2 | 0 | +2 | 18 |
| 2025 | Opened 3 in Rhode Island | 3 | 0 | +3 | 21 |
| 2026 through Q2 | Opened Providence | 1 | 0 | +1 | 22 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 34% | 32% | |
| 1-4 family residential | 30% | 25% | |
| Business (C&I) | 14% | 14% | |
| Multifamily | 12% | 8% | |
| Construction and land | 7% | 8% | |
| Consumer | 2% | 4% | |
| Farmland | 0% | 3% | |
| Agricultural | 0% | 2% | |
| Other | 1% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 44% | 27% | |
| Other interest-bearing | 44% | 52% | |
| Noninterest-bearing | 12% | 21% |
Brokered deposits are 12.2% of deposits (peers 6.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.80% | 0.51% |
| Net charge-offs, annualized | 0.09% | 0.04% |
| Reserves to loans | 0.73% | 1.15% |
| Leverage ratio | 13.35% | 10.52% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Rhode Island
Largest competitors in Kent 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/centreville