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Letter portraitLegal landscapeQuarterYTD

Bank Rhode Island

Providence, RI · Cert 34147

FDIC · 22 branches

Q2 2025

$3.6BAssets
$2.8BLoans
$2.6BDeposits
$379.0MEquity
Loan mix
66%RE $1.4B34%C&I $0.7B0%Consumer $0.0BQ3 2023Q2 2025
Deposit mix
73%Interest-bearing $1.9B27%Noninterest $0.7BQ3 2023Q2 2025

Market Position · Providence-Warwick, RI-MA · 2025 SOD (annual) · 4.3% share · #5 of 25 inst. · $2.6B of $60.9B

6.2% Providence
9.4% Kent
4.0% Washington
1.2% Newport

Executive Summary

  • Earnings: ROA of 0.98%, up 8 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 0.16% of loans (-49 bps YoY), with net charge-offs at 0.48%.
  • Capital: tier 1 leverage ratio of 9.14%, up 25 bps from a year ago.
  • Funding: loans stand at 108.79% of deposits as of Q2 2025.

Return on Assets (YTD, annualized)

0.98%+8 bps YoY

Net Interest Margin (YTD, annualized)

2.96%+33 bps YoY

Efficiency Ratio (YTD, annualized)

59.85%-546 bps YoY

Tier 1 Leverage Ratio

9.14%+25 bps YoY

NIM

4.47%Q2 ’234.93%Q2 ’244.97%Q2 ’25-7%+13%

Non-interest income vs. expense

1.81%Q2 ’231.86%Q2 ’241.89%Q2 ’25+4%+3%

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025YoY ΔTrend
Earnings
Return on Assets0.77%0.84%0.58%0.90%0.89%0.87%0.79%0.98%+8 bps
Return on Equity7.78%8.34%5.48%8.54%8.40%8.23%7.44%9.29%+75 bps
Net Interest Margin2.85%2.82%2.67%2.63%2.68%2.70%2.92%2.96%+33 bps
Efficiency Ratio59.77%59.81%66.32%65.31%64.42%63.57%61.82%59.85%-546 bps
Non-Interest Burden1.54%1.53%1.63%1.57%1.58%1.57%1.65%1.61%+4 bps
Growth
Asset Growth (YoY)6.43%4.46%0.55%4.18%6.28%6.50%1.96%5.95%+177 bps
Loan Growth (YoY)15.19%17.29%11.41%2.98%4.26%2.43%2.85%1.55%-143 bps
Deposit Growth (YoY)2.43%1.19%0.29%-1.09%-2.26%1.09%-2.37%3.37%+446 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.18%0.13%0.65%0.60%0.55%0.09%0.16%-49 bps
Net Charge-Offs / Loans0.00%0.04%0.10%0.09%0.07%0.06%0.97%0.48%+39 bps
Allowance / Loans1.29%1.23%1.23%1.09%1.10%1.14%0.94%0.87%-22 bps
Allowance Coverage of NPLs4.1x6.8x9.3x1.7x1.8x2.1x10.7x5.4x+3.7x
Capital
Tier 1 Leverage Ratio8.71%8.89%8.77%8.89%8.92%8.90%8.98%9.14%+25 bps
Total Risk-Based Capital11.47%11.46%11.57%11.64%11.63%11.75%11.78%11.89%+25 bps
Equity / Assets10.44%10.64%10.49%10.54%10.68%10.32%10.89%10.59%+5 bps
Liquidity & Funding
Loans / Deposits105.99%110.71%109.17%110.75%113.06%112.17%115.01%108.79%-195 bps
Liquid Assets / Assets0.99%1.04%2.04%2.44%2.89%5.96%2.29%4.81%+237 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a