This institution is no longer active

Operations ceased on January 1, 1993. CRA examination history below reflects the period it was active.

THE ISLAND TRUST COMPANY

NEWPORT, RI · Supervised by FDIC

Est. 1972FDIC #20,686RSSD: FDIC-20686

Part ofNEWPORT SAVINGS&LOAN ASSN→ View all charters

Satisfactory

Current rating · Exam: December 1991

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -2.19%

Institution Profile

FDIC BankFind

Address

100 Bellevue Avenue, NEWPORT, RI

County

Newport County

Established

June 21, 1972

Total Assets

$16M(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 2, 1991

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 34 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 Q4 1992Call Report / FDIC

Total Assets

$16M

Total Deposits

$11M

Net Loans

$7M

Net Income

$-377K

ROA

-2.19%

ROE

-7.79%

Risk-Based Capital

32.94%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

Mortgage Denial Rate18.94%Peer avg: 7.63%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2022	1,098	52.73%	18.94%
2020	690	78.41%	9.13%
2019	556	78.42%	13.49%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

This is the only examination on record for this bank.

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