BlastPoint's Banking Scorecard
Independence Bank
Micro
Specialty: Other
RI
FDIC cert 57379
East Greenwich, RI
2498
banks in Micro tier nationally
2 in RI
View Micro leaderboard (RI) →
Independence Bank has 1 strength but faces 1 concern
Key Strengths
Areas where this bank excels compared to peers
- + Nonperforming Asset Ratio 0.45% below tier
Key Concerns
Areas that may need attention
- - Return on Assets 6.58% below tier
Core Metrics
As of 2025-Q4
| Metric | Current | vs Tier | Tier Avg | State Avg (RI) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$14.2M
-29.1% YoY
-3.9% QoQ
|
-$203.3M |
$217.5M
+2.3% YoY
|
$39.8B
+3.8% YoY
|
$5.9B
+6.5% YoY
|
Bottom 1% in tier |
| Total Loans ? | $0 | -$139.2M |
$139.2M
+2.8% YoY
|
$25.4B
+2.6% YoY
|
$3.1B
+8.5% YoY
|
Bottom 1% in tier |
| Total Deposits ? | $0 | -$183.7M |
$183.7M
+1.8% YoY
|
$32.8B
+4.6% YoY
|
$4.7B
+6.3% YoY
|
Bottom 1% in tier |
| Return on Assets ? |
-5.49%
+71.7% YoY
-85.0% QoQ
|
-6.58% |
1.08%
+14.7% YoY
|
-0.23%
-142.5% YoY
|
1.12%
+15.6% YoY
|
Bottom 1% in tier |
| Net Interest Margin ? |
4.33%
-19.4% YoY
+1.1% QoQ
|
+0.48% |
3.85%
+6.6% YoY
|
3.51%
-0.9% YoY
|
3.75%
+7.1% YoY
|
73% |
| Efficiency Ratio ? |
218.18%
-38.5% YoY
+30.4% QoQ
|
+150.46% |
67.73%
-4.8% YoY
|
68.93%
-10.6% YoY
|
65.09%
-5.1% YoY
|
- |
| Delinquency Rate ? | - | - |
0.64%
+24.4% YoY
|
1.19%
+36.1% YoY
|
0.66%
+20.3% YoY
|
- |
| Loan-to-Deposit Ratio ? | - | - |
74.53%
+0.5% YoY
|
94.86%
-2.1% YoY
|
78.04%
+0.7% YoY
|
- |
| Non-Interest-Bearing Deposit Share ? | - | - |
22.39%
-1.3% YoY
|
13.51%
-4.5% YoY
|
21.79%
-1.3% YoY
|
- |
| Nonperforming Asset Ratio ? | 0.00% | -0.45% |
0.45%
+25.1% YoY
|
0.78%
+39.6% YoY
|
0.48%
+20.8% YoY
|
Top 1% in tier |
| Tier 1 Capital Ratio ? | 0.00% | -8.85% |
8.85%
-3.4% YoY
|
8.47%
+2.0% YoY
|
9.75%
-1.9% YoY
|
51% |
| Non-Interest Income / Assets ? |
0.64%
-75.3% YoY
+101.5% QoQ
|
+0.08% |
0.56%
+0.3% YoY
|
0.90%
-13.4% YoY
|
0.65%
+0.6% YoY
|
79% |
Signature Analysis
Strengths (1)
Nonperforming Asset Ratio
metric
Top 1%
in Micro
Why this stands out
Current:
0.00%
(Tier avg: 0.45%, National avg: 0.48%)
Concerns (1)
Return on Assets
metric
Bottom 1%
in Micro
Why this stands out
Current:
-5.49%
(Tier avg: 1.08%, National avg: 1.12%)
Metric Rankings
How this bank ranks across all 12 tracked metrics. Switch cohort to compare against different peer sets.
Strengths: Metrics in the top 25% (75th percentile or higher) Concerns: Metrics in the bottom 25%
Top Strengths
100
100th pctile
Nonperforming Asset Ratio
Current: 0.00% · Tier avg: 0.45%
79
79th pctile
Non-Interest Income / Assets
Current: 0.64% · Tier avg: 0.56%
73
73th pctile
Net Interest Margin
Current: 4.33% · Tier avg: 3.85%
51
51th pctile
Tier 1 Capital Ratio
Current: 0.00% · Tier avg: 8.85%
1
1th pctile
Total Loans
Current: $0 · Tier avg: $139.2M
0
0th pctile
Total Assets
Current: $14.2M · Tier avg: $217.5M
0
0th pctile
Total Deposits
Current: $0 · Tier avg: $183.7M
0
0th pctile
Return on Assets
Current: -5.49% · Tier avg: 1.08%
Top Weaknesses
0
0th pctile
Return on Assets
Current: -5.49% · Tier avg: 1.08%
0
0th pctile
Total Deposits
Current: $0 · Tier avg: $183.7M
0
0th pctile
Total Assets
Current: $14.2M · Tier avg: $217.5M
1
1th pctile
Total Loans
Current: $0 · Tier avg: $139.2M
51
51th pctile
Tier 1 Capital Ratio
Current: 0.00% · Tier avg: 8.85%
73
73th pctile
Net Interest Margin
Current: 4.33% · Tier avg: 3.85%
79
79th pctile
Non-Interest Income / Assets
Current: 0.64% · Tier avg: 0.56%
100
100th pctile
Nonperforming Asset Ratio
Current: 0.00% · Tier avg: 0.45%