Bank · FDIC insured
Shoreham Bank
Top CarrotA $534.8M bank headquartered in Warwick, RI, with 3 branches in Rhode Island. Best rates: CDs 4.25% and savings 0.15% APY.
Shoreham Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 92% of U.S. banks and credit unions
#1 of 44 in Providence, RI-MA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Shoreham Bank
Shoreham Bank provides specialized marine lending and boat financing with no age limits on boats.
The bank offers small business lending with SBA and USDA loan options.
- Headquarters
- 1 Shoreham Way, Warwick, RI 02886
- FDIC certificate
- 27417 ↗
Branches
3 branches in Rhode Island
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Rhode Island
3 branches
- Wickenden Branch187 Wickenden St, Providence, RI 02903Directions
- Cowesett Branch3803 Post Rd, Warwick, RI 02886Directions
- Post Road Warwick Branch2381 Post Rd, Warwick, RI 02886Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.65% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.12% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.63% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $111 | $81 | — |
- CapitalLeverage ratio10.65%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.12%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.63%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$111Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Shoreham Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.