Discover Bank in Greenwood, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches


Discover Bank - Overview

  • General
  • FDIC Certificate #: 5649
    Status: Active
    Federal Reserve ID: 30810
    Bank Holding Company (Regulatory Top Holder): Discover Financial Services (RSSDID: 3846375, Location: Riverwoods, IL)
    Date Established: August 30, 1911
    WWW: http://www.discovercard.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 3844
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Credit Card Institutions: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: Yes
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Credit-Card Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 502 E. Market Street, Greenwood, DE 19950
    County: Sussex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Claymont
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Core Based Statistical Area (CBSA): Seaford, DE (#42580)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $67,778.5 mil
    Equity capital: $6,948.3 mil
    Deposits held in domestic offices: $39,601.6 mil
    Return on assets (ROA): 3.33% ($2,257.0 mil)
    Quarterly return on assets: 3.31% ($2,243.5 mil)
    Return on Equity (ROE): 32.63% ($2,267.1 mil)
    Quarterly return on equity: 32.34% ($2,247.0 mil)
    Net income: $2,154.0 mil
    Quarterly Net income: $557.3 mil
    Pretax return on assets: 5.24% ($3,551,594.7 mil)
    Quarterly Pretax return on assets: 5.10% ($3,456,704.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 7,985Total employees (full-time equivalent)
  • $67,778,524Total assets
  • $2,224,417Cash and due from depository institutions
  • $1,599,829Interest-bearing balances
  • $6,658,866Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $56,513,611Net loans & leases
  • $2,245,002Loan loss allowance
  • $0Trading account assets
  • $295,050Bank premises and fixed assets
  • $0Other real estate owned
  • $9,513Goodwill and other intangibles
  • $67,778,524Life insurance assets
  • $2,077,067All other assets
  • $60,830,226Total liabilities and capital
  • $39,601,637Total liabilities
  • $39,469,669Total deposits
  • $39,601,637Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,653,302Trading liabilities
  • $1,195,705Other borrowed funds
  • $2,379,582Subordinated debt
  • $6,948,298All other liabilities
  • $6,948,298Total equity capital
  • $6,948,298Total bank equity capital
  • $0Perpetual preferred stock
  • $35Common stock
  • $3,972,737Surplus
  • $2,975,526Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $704,956Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $776,880Income earned, not collected on loans
  • $24,161Earning assets
  • $442,922Long-term assets (5+ years)
  • $64,772,306Average Assets, year-to-date
  • $1,099,886Average Assets, quarterly
  • $64,652,617Volatile liabilities
  • $67,275,056Insider loans
  • $59,946,089FHLB advances
  • $67,460,364Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,872,369Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $161,554,786Restructured Loans and leases
  • $720Derivatives
  • $688Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,659,097Total interest income
  • $1,356,073Total interest expense
  • $5,303,024Net interest income
  • $978,716Provision for loan and lease losses
  • $1,377,026Total noninterest income
  • $0Fiduciary activities
  • $1,940Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,375,086Additional noninterest income
  • $2,312,039Total noninterest expense
  • $510,197Salaries and employee benefits
  • $36,817Premises and equipment expense
  • $1,765,025Additional noninterest expense
  • $3,389,295Pre-tax net operating income
  • $142Securities gains (losses)
  • $1,235,480Applicable income taxes
  • $2,153,957Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,153,957Net income attributable to bank
  • $0Net charge-offs
  • $2,153,957Cash dividends
  • $2,011,738Sale, conversion, retirement of capital stock, net
  • $1,375,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 10.77%Yield on earning assets
  • 2.19%Cost of funding earning assets
  • 8.58%Net interest margin
  • 2.23%Noninterest income to earning assets
  • 3.74%Noninterest expense to earning assets
  • 3.33%Net operating income to assets
  • 3.33%Return on assets (ROA)
  • 5.24%Pretax return on assets
  • 32.63%Return on equity (ROE)
  • 11.80%Retained earnings to average equity (YTD only)
  • 3.69%Net charge-offs to loans
  • 48.65%Credit loss provision to net charge-offs
  • 2.17%Efficiency ratio
  • 34,585Assets per employee
  • 8.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.84%Loss allowance to loans
  • 3.82%Loss allowance to noncurrent loans
  • 288.98%Noncurrent assets plus other real estate owned to assets
  • 1.15%Noncurrent loans to loans
  • 1.32%Net loans and leases to deposits
  • 142.71%Net loans and leases to core deposits
  • 251.29%Equity capital to assets
  • 10.25%Core capital (leverage) ratio
  • 10.19%Tier 1 risk-based capital ratio
  • 11.46%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $64,652,617Average earning assets
  • $6,600,522Average equity
  • $61,820,965Average loans

Bank Assets Sold and Securitized (December 31, 2008)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $23,359,744Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

List of branches

  • 2 Delaware Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03844Discover Bank502 E. Market Street, Greenwood, DE 19950August 30, 1911Full Service Brick and Mortar
    5207948New Castle Administrative Office12 Read's Way, New Castle, DE 19720June 04, 1996Limited Service Administrative

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