Finance Atlas

Banking & Mortgage-Lending Access in Rhode Island

46 FDIC-insured institutions (6 currently active) are recorded in Rhode Island in FDIC BankFind. HMDA 2024 data report an overall mortgage application denial rate of 26.4% in Rhode Island.

FDIC data as of 2026 · HMDA data year 2024 · Last export: June 20, 2026

46
FDIC institutions (total)
6
Currently active
26.4%
Overall denial rate (HMDA 2024)
22,697
Loans originated (2024)
This page is a reference catalog of provenanced public data. It informs and compares; it does not recommend lenders and gives no financial advice. HMDA denial-rate figures are reported statistics and do not establish why rates differ across applicant groups. To verify a lender's FDIC status, use FDIC BankFind. To file a complaint, visit the CFPB. To find a HUD-approved housing counselor: HUD.gov.

How many FDIC-insured institutions are in Rhode Island?

FDIC BankFind records 46 FDIC-insured institutions (all historical) in Rhode Island, of which 6 are currently active. Counts include banks, savings banks, and other insured depository institutions across all charter classes.

Metric Count
Total FDIC-insured institutions (historical) 46
Currently active 6

Source: FDIC BankFind (src:fdic:bankfind:2026). Verify: https://banks.data.fdic.gov/

What types of banks are chartered in Rhode Island?

FDIC uses charter class codes to categorize insured depository institutions. The breakdown for Rhode Island:

Charter class Description Count
NM State non-member bank (Fed non-member) 13
N National bank (OCC-chartered) 11
SB Savings bank (state-chartered) 7
SI Savings institution (OTS-supervised) 5
SL Savings institution (state-chartered S&L) 4
NC Non-deposit trust company 3
SM State member bank (Fed member) 2
NS Non-member savings bank (state-chartered) 1

Source: FDIC BankFind (src:fdic:bankfind:2026). Charter class labels per FDIC BankFind official definitions.

What was the mortgage application denial rate in Rhode Island? (HMDA 2024)

HMDA 2024 data report an overall mortgage application denial rate of 26.4% in Rhode Island. The table below shows reported denial rates by applicant race where available in the HMDA dataset.

Methodology note: HMDA captures race where the applicant chose to report it. Denial rates reflect all recorded denial reasons (credit history, DTI, collateral, etc.) and do not establish why rates differ across groups. These figures are descriptive FFIEC statistics, not findings of lending discrimination.
Applicant group (reported) Denial rate
Overall 26.4%
White applicants 23.8%
Black applicants 40.1%
Black/White denial rate ratio 1.69x

Source: FFIEC HMDA (src:ffiec:hmda:2024). Verify: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=RI

Mortgage origination volume in Rhode Island (2024)

HMDA 2024 data record 22,697 originated mortgage loans in Rhode Island , totaling $7.2B , with an average loan size of $316,498.

Metric Value
Originated loans (2024) 22,697
Total origination volume $7.2B
Average loan size $316,498

Source: FFIEC HMDA (src:ffiec:hmda:2024).

Sources & provenance

FDIC data — source id src:fdic:bankfind:2026, as of 2026. Verify via FDIC BankFind: https://banks.data.fdic.gov/

HMDA data — source id src:ffiec:hmda:2024, data year 2024. Verify via FFIEC Data Browser: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=RI

Data exported June 20, 2026 · content hash 10b207a84e28155f · machine-readable brief: /finance/states/ri/context.md

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