Applications / Mortgage Analytics / Lenders / Rhode Island / Bank Rhode Island
Providence, RI · State member bank · FRS · $3.6 billion assets · 186 loans in 2025
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186
loans originated, 2025
312
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Bank Rhode Island makes large loans for a lender of its size, and in 2025 it made 46% fewer of them while similar lenders grew.
It made 186 loans, down from 343, while similar lenders (state member banks making between half and twice as many loans) grew 8% and the whole market 10%. The fall was steeper than at nearly all of them. It made 692 loans in 2019. The data do not say why. The bank may have chosen to lend less, or demand may have dropped for the refinance and home-improvement loans that make up most of its lending.
Jumbo loans (larger than the conforming limit) were 15.6% of its loans, against 1.4% at similar lenders, higher than at more than nine in ten. Its typical loan was $235,000, against $175,000. Only 0.6% were higher-priced (a rate well above the average for similar loans), against 2.6%.
Low- and moderate-income (LMI) borrowers took 21.0% of its loans, against 28.6%, lower than at about three-quarters of similar lenders; its larger loans are one possible reason. Majority-minority neighborhoods took 10.8%, against 4.3%.
In Providence, its market since 1997, it ranked 46 of 475 lenders with 0.6%, down from 1.1%. That is in line with its smaller volume. Citizens Bank led there.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Bank Rhode Island took 312 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 37.1% · Home improvement 23.1% · Purchase 21.0% · Other 18.8%
Conventional 100.0% · of 186 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Rhode Island | 165 | 88.7% |
| Massachusetts | 17 | 9.1% |
| Connecticut | 2 | 1.1% |
| Florida | 1 | 0.5% |
| Vermont | 1 | 0.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Providence-Warwick | 175 |
| Boston | 3 |
| Worcester | 3 |
| Barnstable Town | 1 |
| Cambridge-Newton-Framingham | 1 |
| North Port-Bradenton-Sarasota | 1 |
| Norwich-New London-Willimantic | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 562V2SM4I80MJO5HYB83 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 2434113 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 334147 | 1997–2011 |
| Respondent ID (the HMDA filer code before 2018) | 22434113 | 2012–2017 |
Established 22 March 1996. Reported under HMDA 1997-2025.
Mergers, name changes, data editions and corrections: Bank Rhode Island's data.
Bank Rhode Island's data
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