We're all in.

As we turn the corner of another year, I’m pleased to report that the bank experienced record earnings and growth. All the business lines met or exceeded their goals and the bank received a number of awards and recognitions such as Best Places to Work and SBA 504 Lender just to name a few.

Our commitment to relationship building, combined with our solid financial foundation, allowed us to grow, and expand our branch network and enhance our digital services by investing in the development of new products, services, and technology. It is important that we continue to invest in new branches such as our soon to be open branch at Wake Robin Road in Lincoln. External factors such as the increasing competitive environment, rising rates, inflation and world events present challenges to our future results. Cyber security and global turmoil keep us on high alert and the constant need to protect the bank and customer data.

What continues to drive change is you, our customers. Consumer adoption of digital and the demand for more digital services in a faster, more convenient and simplified fashion is expected by customers. We continue to invest in technology and digital solutions to grow and serve our customers, employees and ultimately our communities better. To achieve this growth we have remained focused on expansion, digital transformation and deepening our customer relationships. We can’t do this without talented people and providing an excellent customer experience. A better customer experience that exceeds customers’ expectations and finally, a better community experience.

BankNewport is a community bank at its core. As a private mutual community bank we focus on our customers and the community not short term profits and stock price. Our strategy is defined by focusing on the communities we serve. The more successful we are the more we give back to the community. We have thrived for 203 years. We have seen recessions, wars and many economic cycles and through it all have and always will serve our community.

The more we grow, the more we can give back. I am proud of the fact that we continued to support our communities by pro-actively donating over $1.7 million in 2022.