🏦Bank Scorer

This institution is no longer active

Operations ceased on August 25, 1999. CRA examination history below reflects the period it was active.

PIERBANK

NARRAGANSETT, RI · Supervised by FDIC

Est. 1989FDIC #27,608RSSD: FDIC-27608
Satisfactory Same

Current rating · Exam: December 1998

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.96%

Institution Profile

FDIC BankFind

Address

885 Boston Neck Road, NARRAGANSETT, RI

County

Washington County

Established

April 24, 1989

Total Assets

$60M(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

Satisfactory

Meets federal requirements for community lending

Exam Date

December 1, 1998

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 27 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q2 1999Call Report / FDIC

Total Assets

$60M

Total Deposits

$53M

Net Loans

$50M

Net Income

$286K

ROA

0.96%

ROE

12.32%

Risk-Based Capital

10.38%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

2 previous ratings locked — dating back to 1995

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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