🏦Bank Scorer

INDEPENDENCE BANK

EAST GREENWICH, RI · Supervised by FDIC

Est. 2003FDIC #57,379RSSD: FDIC-57379
Substantial Noncompliance Down

Current rating · Exam: July 2023

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At a Glance

Community Lending (CRA)

Substantial Noncompliance

Serious failures in community lending obligations — can trigger regulatory consequences

Financial Health

Needs Attention

ROA -0.11%

Institution Profile

FDIC BankFind

Address

1370 S County Trl, EAST GREENWICH, RI

County

Kent County

Established

March 25, 2003

Total Assets

$14M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Substantial Noncompliance

Serious failures in community lending obligations — can trigger regulatory consequences

Exam Date

July 1, 2023

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
Estimated next exam:Jul 2028(based on asset size)

Financial Snapshot

As of Q1 2026Call Report / FDIC

Total Assets

$14M

Total Deposits

—

Net Loans

—

Net Income

$-4K

ROA

-0.11%

ROE

-0.12%

Risk-Based Capital

0.00%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Branch Footprint

FDIC SOD 2025

Total Branches

1

Branch Deposits

—

1-Year Change

0

Rating History

CRA / FFIEC

Rating Trend

↓ Declining

Based on last 3 exams

3 previous ratings locked — dating back to 2005

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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