Total Assets
$14M
Total balance-sheet footings
FDIC Cert #57379 · East Greenwich, Rhode Island · Est. 2003
Independence Bank - FDIC Bank Health Profile
This profile flags real pressure points from the bank's own quarterly Call Report, read past the headline grade before drawing conclusions.
- $14M
- Total assets
- C
- Health grade · Fair
- -5.49%
- Return on assets
- 97.2%
- Tier 1 capital
Data updated July 2026
The verdict
Independence Bank earns a PlainBankData health grade of C (60/100), with well-capitalized at 97.21% Tier 1, -5.49% ROA, 218% efficiency ratio.
- #4,296
- largest of 4,313 FDIC banks by assets
- 0th
- percentile by asset size, nationally
- 97.21%
- Tier 1 ratio - above the 10% well-capitalized line
- 0th
- percentile for profitability (ROA), nationally
A weak grade is PlainBankData's own read of the Call Report data, not an official FDIC rating, and it does not change your insurance coverage: every dollar stays protected to $250,000 per depositor, per category.
FDIC Call Report plate
Cert 57379 · RI C · 60/100
GRADE-C · LOWER-Q · PHOTO-FINISH · TIER1-WELL · TEXAS-CLEAN · ROA-LOSS · SIZE-COMMUNITY · BOOK-RICH
- GRADE-C C (60/100)
- LOWER-Q #3856/4307
- PHOTO-FINISH Members Trust Company · FL
- TIER1-WELL 97.2% Tier 1
- TEXAS-CLEAN 0.0% Texas
- ROA-LOSS -5.49% ROA
- SIZE-COMMUNITY <$100M
- BOOK-RICH 8/9 fields
Nearest health peer outside Rhode Island: Members Trust Company, FL (±0 health pts)
Instrument codes from this bank’s FDIC Call Report sheet: grade band, health peer rank, photo-finish gap, Tier 1, Texas Ratio, ROA, size band, and book completeness. Not an official FDIC rating.
Health-score neighbourhood around Independence Bank
Lowest and highest poles plus nearest scored peers outside Rhode Island, not a full FDIC corpus board reprint.
Plate reading for Independence Bank where failures stay rare
Independence Bank (FDIC Cert #57379) carries a PlainBankData health grade of C at 60/100, built only from this bank's own Call Report Tier 1 capital, ROA, Texas Ratio, and efficiency inputs. On the scored corpus it sits at health rank #3,856 of 4,307. Tier 1 capital prints at 97.21%, clearing the 10% well-capitalized line. The Texas Ratio is 0.00%, inside the sub-50% band analysts treat as healthy. Return on assets is -5.49%. Balance-sheet scale is $14M, 4,296th of 4,313 FDIC-insured banks by assets. The nearest cross-state health peer is Members Trust Company (FL), tied on the composite. These are instrument codes from the Call Report sheet, not an official FDIC CAMELS rating, and insured deposits stay protected to $250,000 per depositor per ownership category regardless of grade. Compare the plate stamps against the score breakdown and the health-score neighbourhood before treating any single ratio as decisive.
State failure history around Independence Bank
Zero FAILURE resolutions in Rhode Island since 2000
Independence Bank is headquartered in a state where FDIC FAILURE resolutions have been rare or absent since 2000 (0 of 578 nationwide). That is a historical count of closed institutions, not a forecast for this Call Report sheet.
- OLD STONE SB PROVIDENCE, RI 1993 → CITIZENS SB
- EASTLAND SAVINGS BANK WOONSOCKET, RI 1992 → FLEET NATIONAL BANK
- EASTLAND BANK WOONSOCKET, RI 1992 → FLEET NATIONAL BANK
Source: FDIC Failed Bank List (resolution_type=FAILURE only; ASSISTANCE excluded). See the depositor failures guide and Rhode Island banks.
How Independence Bank's 60/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
Tier 1 Capital Ratio (97.21%) 40/40
Return on Assets (ROA) (-5.49%) 0/25
Texas Ratio (0.00%) 20/20
Efficiency Ratio (218.18%) 0/15
60 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$0K
Customer-funded liabilities
Net Loans
-
Outstanding loan book
Net Income
$-872K
Bottom-line earnings
Capital adequacy vs federal thresholds
Where Independence Bank ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. Independence Bank's score of 60/100 falls in the highlighted band.
Independence Bank: health score vs. every FDIC-insured bank
0-100 composite health score, FDIC Call Reports
60 10th percentile higher than 10% of 4,307 FDIC-insured banks
Each bar is a band; taller bars hold more FDIC-insured banks. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source FDIC Call Reports · July 2026
Independence Bank's size among FDIC-insured banks
Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). Independence Bank's $14M falls in the highlighted band.
Safety metrics: Independence Bank
Tier 1 capital ratio
Well-capitalized 10%
97.21% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
97.21%
Texas Ratio
0.00%
Equity Capital
$14M
Profitability metrics: Independence Bank
Return on Assets (ROA)
0th percentile nationally
-5.49%
Return on Equity (ROE)
-5.82%
Efficiency Ratio
218.18%
Income & expense: loss period at Independence Bank
$646K
Interest Income
$91K
Non-Interest Income
$2M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. Independence Bank reports a Texas Ratio of 0.00% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
0.00% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
What to watch at Independence Bank
Independence Bank's grade of C reflects specific pressure points in the FDIC Call Report. The bank reported negative net income of $-872K for the period, a loss that, if sustained, erodes the equity cushion.
Your deposits are still protected. Regardless of grade, FDIC insurance covers every dollar on deposit at Independence Bank up to $250,000 per depositor, per ownership category. A weak grade signals institutional financial stress for analysts, it is not a prediction of failure, and it does not affect insured-deposit safety.
Top banks in Rhode Island by total assets
Nationwide banks with similar total assets
Nearest other-state banks with ≥$10M assets ($14M here), outside Rhode Island so the neighborhood is not state containment.
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) Independence Bank (FDIC Cert #57379) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.
Independence Bank Call Report profile · FDIC Failed Bank List · Rhode Island FAILURE history · Informational only, not financial advice; consult a licensed professional before acting. See the disclaimer and methodology.
Other banks in Rhode Island
All Rhode Island banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| Citizens Bank, National AssociationProvidence | $225.9B | B | 0.87% |
| The Washington Trust Company, of WesterlyWesterly | $6.6B | B | 0.80% |
| Centreville BankWest Warwick | $3.0B | B | 1.01% |
| BankNewportMiddletown | $3.0B | B | 0.58% |
| Shoreham BankWarwick | $481M | B | 0.83% |