Shoreham Bank
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Data as of · sourced from FFIEC call reports. How we update
Shoreham Bank is an FDIC-insured savings institution headquartered in Warwick, RI, established in 1979 (FDIC certificate 27417), and it is supervised by the OCC. At Q2 2026 it reported total assets of $534.8M, up 6.4% from Q2 2025, the 5th largest of 5 banks headquartered in Rhode Island. Its CET1 capital ratio was 12.73% at Q2 2026, above regulatory requirements.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 27417
- Headquarters
- Warwick, RI
- Established
- 1979
- Total assets, Q2 2026
- $534.8M
- Assets vs Q2 2025
- +6.4%
- CET1 ratio, Q2 2026
- 12.73%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 211574862
- Holding company
- PROSPECT FINANCIAL CORPORATION
- Asset rank in state
- 5th of 5 in Rhode Island
Problem loans are rising at Shoreham Bank. The Warwick, Rhode Island bank had $535 million in assets at June 30, 2026, up 6.4% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.12% of loans from 0.78% a year earlier. It pays an average of 3.52% on its deposits and borrowings, about double the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. It also lost 2.4% of its deposits over the year, lower than about three-quarters of banks its size (median 4.0%).
Loans and deposits moved in opposite directions: over the year loans rose 5.6% and deposits fell 2.4%. The non-owner-occupied commercial real estate book ($137 million) is worsening: 2.48% of it is past due or on nonaccrual, up from 1.30% a year earlier. Costs are the weak spot: it spends about 74 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, Shoreham Bank reported a CET1 capital ratio of 12.73%, a return on assets of 0.96%, a nonperforming-loan ratio of 1.12% and a Texas ratio of 8.10%. The figures come from its call report filed with the FFIEC.
Of the 5 banks headquartered in Rhode Island, Shoreham Bank is the smallest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 2.4% to $534.8M, loans rose 2.4% and deposits rose 0.6%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 45.6% of total loans, ahead of non-owner-occupied commercial real estate loans at 29.2%. Its 4 offices in the FDIC Summary of Deposits are in Warwick, RI and Providence, RI; its Warwick 3 offices book 74% of its branch deposits. On its Q2 2026 call report, Shoreham Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1 Shoreham Way, Warwick, RI 02886
- County
- Kent
- Metro Area
- Providence-Warwick, RI-MA
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1979
- Former names
- Home Loan Investment Bank, F.S.B. (2007-2024); Ocean Bank, FSB (2004-2007)
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 101
- Domestic deposits
- $420.5M
- Allowance for credit losses
- $9.9M
- Net charge-offs (YTD)
- $2.0M
- Average total assets
- $520.2M
- Average total loans
- $457.7M
- Average interest-bearing deposits
- $400.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 30, 1994
- FDIC Cert
- 27417
- Fed RSSD
- 724904
- Website
- www.shoreham.bank →
- Parent Holding Company
- PROSPECT FINANCIAL CORPORATION (RSSD 3834822)
- Ultimate Parent
- JAMESTOWN TRUST#3 (RSSD 5278411)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Shoreham Bank's total assets ranged from $400.9M (Q3 2023) to $534.8M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$534.8M total assets against $502.7M; $479.5M total liabilities against $448.0M.
$458.9M net loans and leases against $433.7M; $420.5M total deposits against $431.0M.
$15.8M securities against $15.2M; $39.7M cash and balances due against $34.2M.
$9.5M total interest income against $10.1M; $4.1M total interest expense against $4.1M.
$5.4M net interest income against $6.0M.
$2.8M total noninterest income against $2.5M; $6.1M total noninterest expense against $6.2M.
$925K provision for credit losses against $900K.
$1.2M net income against $1.4M.
0.96% return on assets against 1.15%; 4.26% net interest margin against 4.93%.
12.73% CET1 capital ratio against 12.95%; 10.65% tier 1 leverage ratio against 10.98%.
Inside the full Shoreham Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Shoreham Bank rankings
Its closest position to the top of a national ranking is 821 of 3,640, for Texas Ratio; its furthest is 2,976 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.29% (Q4 2025) to 1.42% (Q4 2024) and its net interest margin ran from 4.26% (Q2 2026) to 4.98% (Q4 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.73% | 0.96% | 1.12% | 8.10% | 4.26% |
| Q1 2026 | 12.86% | 0.30% | 1.38% | 10.78% | 4.27% |
| Q4 2025 | 13.14% | 0.29% | 1.28% | 9.61% | 4.64% |
| Q3 2025 | 12.83% | 0.60% | 1.07% | 7.15% | 4.47% |
| Q2 2025 | 12.95% | 1.15% | 0.78% | 5.39% | 4.93% |
| Q1 2025 | 12.99% | 1.26% | 0.83% | 5.83% | 4.74% |
| Q4 2024 | 13.05% | 1.42% | 0.82% | 5.96% | 4.98% |
| Q3 2024 | 12.97% | 1.15% | 0.96% | 7.01% | 4.80% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Post Road Warwick Branch | Warwick , RI | 02886 | $172.8M |
| Cowesett Branch | Warwick , RI | 02886 | $140.0M |
| Wickenden Branch | Providence , RI | 02903 | $107.7M |
| Shoreham Bank (main office) | Warwick , RI | 02886 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 6 against the institution (OCC, OCC (former OTS))
- October 11, 2012, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Home Loan Investment Bank, F.S.B.
- October 6, 2010, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Home Loan Investment Bank, F.S.B.
- October 6, 2010, OCC (former OTS): Amended Orders to Cease and Desist: Home Loan Investment Bank, F.S.B.
- April 30, 2010, OCC (former OTS): Civil Money Penalty: Home Loan Investment Bank, F.S.B.
- August 18, 2009, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Home Loan Investment Bank, F.S.B.
- Period: Most recent institution action October 11, 2012. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.9% of deposits in RI, rank 12 of 17 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 142 loans, $132.3M approved, $932K average. 0.70% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Shoreham Bank
What are Shoreham Bank's total assets?
As of the Q2 2026 filing, Shoreham Bank reported total assets of $534.8 million in its FFIEC call report.
Where is Shoreham Bank headquartered?
It is headquartered in Warwick, RI, United States.
When was Shoreham Bank founded?
It was established in 1979, per the FDIC institution directory.
Is Shoreham Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #27417). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Shoreham Bank?
Shoreham Bank's primary federal regulator is the OCC.
What is Shoreham Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.73% in its Q2 2026 call report, above regulatory requirements.
How many branches does Shoreham Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Shoreham Bank's Texas Ratio?
Its Texas Ratio is 8.10% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Shoreham Bank previously called?
The charter now named Shoreham Bank has also operated as Home Loan Investment Bank, F.S.B. (2007-2024), Ocean Bank, FSB (2004-2007), per FDIC structure-change records.
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