Coastway Bancorp, Inc. is a bank holding company. The Company's wholly owned subsidiary, Coastway Community Bank (the Bank) is a Rhode Island-chartered stock savings bank. The Bank provides a variety of financial services to individuals, families and businesses throughout Rhode Island. The Bank's principal business consists of attracting retail deposits from the general public in its market area and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential real estate loans, home equity loans and lines of credit, commercial real estate loans, the United States Small Business Administration (SBA) loans, commercial business loans, commercial construction loans and consumer loans. The Bank has no investment securities other than its required investment in Federal Home Loan Bank of Boston stock. Deposits are the Bank's primary source of funds for use in lending and investment activities.