E*TRADE Bank in Arlington, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • E*TRADE Bank in Arlington, Virginia (VA)
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E*TRADE Bank - Overview

  • General
  • FDIC Certificate #: 30746
    Status: Active
    Federal Reserve ID: 370271
    Date Established: January 01, 1933
    WWW: http://www.etrade.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 5848
    FDIC's unique #: 43580
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: June 23, 1955
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 671 North Glebe Road, 16th Floor, Arlington, VA 22203
    County: Arlington
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $45,806.4 mil
    Equity capital: $5,445.2 mil
    Deposits held in domestic offices: $32,016.6 mil
    Return on assets (ROA): 0.67% ($306.9 mil)
    Quarterly return on assets: 0.72% ($329.8 mil)
    Return on Equity (ROE): 5.68% ($309.3 mil)
    Quarterly return on equity: 6.02% ($327.8 mil)
    Net income: $301.8 mil
    Quarterly Net income: $81.4 mil
    Pretax return on assets: 0.99% ($453,483.0 mil)
    Quarterly Pretax return on assets: 0.75% ($343,547.7 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
  • 1,198Total employees (full-time equivalent)
  • $45,806,360Total assets
  • $2,805,359Cash and due from depository institutions
  • $2,787,613Interest-bearing balances
  • $21,407,871Securities
  • $261,072Federal funds sold & reverse repurchase agreements
  • $17,007,189Net loans & leases
  • $502,673Loan loss allowance
  • $747Trading account assets
  • $2,653Bank premises and fixed assets
  • $79,777Other real estate owned
  • $2,030,979Goodwill and other intangibles
  • $45,806,360Life insurance assets
  • $2,210,713All other assets
  • $40,361,126Total liabilities and capital
  • $32,016,560Total liabilities
  • $31,756,041Total deposits
  • $32,016,560Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 5010489.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,395,927Trading liabilities
  • $0Other borrowed funds
  • $938,150Subordinated debt
  • $5,445,234All other liabilities
  • $5,445,234Total equity capital
  • $5,445,234Total bank equity capital
  • $0Perpetual preferred stock
  • $19Common stock
  • $6,408,464Surplus
  • $-963,249Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,073,056Income earned, not collected on loans
  • $0Earning assets
  • $158,718Long-term assets (5+ years)
  • $41,464,492Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $44,968,755Volatile liabilities
  • $45,124,234Insider loans
  • $20,862,432FHLB advances
  • $43,275,696Loans and leases held for sale
  • $287,129Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,338,618Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $872,301Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,510,102Total interest income
  • $295,846Total interest expense
  • $1,214,256Net interest income
  • $440,613Provision for loan and lease losses
  • $543,442Total noninterest income
  • $0Fiduciary activities
  • $12,785Service charges on deposit accounts
  • -$3,365Trading account gains & fees
  • $534,022Additional noninterest income
  • $979,930Total noninterest expense
  • $118,045Salaries and employee benefits
  • $12,958Premises and equipment expense
  • $848,927Additional noninterest expense
  • $337,155Pre-tax net operating income
  • $107,247Securities gains (losses)
  • $142,629Applicable income taxes
  • $301,773Income before extraordinary items
  • $0Extraordinary gains - net
  • $301,773Net income attributable to bank
  • $0Net charge-offs
  • $301,773Cash dividends
  • $612,142Sale, conversion, retirement of capital stock, net
  • $62,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.72%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 2.99%Net interest margin
  • 1.34%Noninterest income to earning assets
  • 2.41%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 5.68%Return on equity (ROE)
  • 4.51%Retained earnings to average equity (YTD only)
  • 3.16%Net charge-offs to loans
  • 71.98%Credit loss provision to net charge-offs
  • 1.27%Efficiency ratio
  • 53,717Assets per employee
  • 38.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.55%Loss allowance to loans
  • 2.87%Loss allowance to noncurrent loans
  • 46.84%Noncurrent assets plus other real estate owned to assets
  • 2.52%Noncurrent loans to loans
  • 6.13%Net loans and leases to deposits
  • 53.12%Net loans and leases to core deposits
  • 102.86%Equity capital to assets
  • 11.89%Core capital (leverage) ratio
  • 7.75%Tier 1 risk-based capital ratio
  • 16.00%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $44,968,755Average earning assets
  • $5,311,442Average equity
  • $40,589,938Average loans

List of branches

  • 2 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043580E*trade Bank671 North Glebe Road, 16th Floor, Arlington, VA 22203January 01, 1933Full Service Brick and Mortar
    5363578North Glebe Road Teller Station Bran671 North Glebe Road, Arlington, VA 22203June 12, 2001Limited Service Facility

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