Independence Bank
East Greenwich, RI
IDRSSD: 3180136
Total Assets
$14.75M
Latest filing
Total Deposits
$0
Latest filing
Net Interest Margin
4.56%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Independence Bank
1370 S County Trl
East Greenwich, RI 02818
Full Service - Brick and Mortar
Updated 11/14/2025Established 03/25/2003FDIC Certificate 362883
Branches (0)
Page 1 of 1| Name | Address | City / State | ||
|---|---|---|---|---|
| No branch data available. | ||||
| Independence Bank (Main) | 1370 S County Trl | East Greenwich, RI | ||
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 03/25/2003 |
| Community Bank | No |
| Ownership Type | Not Mutual |
| ZIP | 02818 |
| State and County Number | 44003 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 01 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | New York |
| Core Based Statistical Area Name | Providence-Warwick, RI-MA |
Operational Info
| Number of Employees | 4 |
| Domestic Offices | 1 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 11/17/2024 |
| Date of Deposit Insurance | 03/25/2003 |
| Primary Insurance Agency | DIF |
| Website | www.independence-bank.com |
| Data Updated | 11/14/2025 |
| CERT | 57379 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $14.75M |
| Total Deposits | $0 |
| Total Liabilities | $182.00k |
| Total Equity Capital | $14.57M |
| Net Income | $-150,000 |
| Net Loans and Leases | $0 |
| Assets Per Employee ($Millions) | $3.69M |
| Bank Premises and Fixed Assets | $25.00k |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $0 |
Key Performance Ratios
| Return on Assets (ROA) | -4.01% |
| Return on Equity (ROE) | -4.06% |
| Net Interest Margin | 4.56% |
| Efficiency Ratio | 188.24% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 98.766% |
| Earning Assets to total Assets | 93.76% |
Income and Expense
| Total Interest Income | $160.00k |
| Total Noninterest Income | $10.00k |
| Total Interest Expense | $0 |
| Total Noninterest Expense | $320.00k |
| Net Interest Income | $160.00k |
| Pre-tax Net Operating Income | $-150,000 |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $182.00k |
| Total Liabilities and Capital | $14.75M |
Securities
| Securities | $0 |
| Available-for-sale debt securities | $0 |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Independence Bank?
$14.75M as of the latest filing.
How much are Independence Bank's total deposits?
$0 in total deposits.
Where is Independence Bank located?
East Greenwich, RI.
What is the Net Interest Margin?
4.56%.
How many domestic offices does it operate?
1.
When was it established?
03/25/2003.
What is the Return on Assets (ROA)?
-4.01%.
How much are total loans and leases?
$0 (latest filing).
What is the total interest income (latest filing)?
$160.00k.