E*TRADE Savings Bank in Arlington, Virginia (VA), CA, FL, NY, TX
Overview, Financial Summary, Detailed Financial Reports, Branches

  • E*TRADE Savings Bank in Arlington, Virginia (VA), CA, FL, NY, TX
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E*TRADE Savings Bank - Overview

  • General
  • FDIC Certificate #: 58119
    Status: Active
    Federal Reserve ID: 3441677
    Date Established: May 01, 2006
    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: 25 (Domestic: 25, Interstate: Yes)
    OTS Docket #: 18000
    FDIC's unique #: 440102
    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
    Directly owned by another bank (CERT): #58119
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: May 01, 2006
    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, 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: $1,677.9 mil
    Equity capital: $166.1 mil
    Deposits held in domestic offices: $1,504.6 mil
    Return on assets (ROA): 0.86% ($14.4 mil)
    Quarterly return on assets: 0.27% ($4.5 mil)
    Return on Equity (ROE): 8.53% ($14.2 mil)
    Quarterly return on equity: 2.59% ($4.3 mil)
    Net income: $13.1 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.36% ($22,820.0 mil)
    Quarterly Pretax return on assets: 0.32% ($5,369.4 mil)

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $1,677,941Total assets
  • $33Cash and due from depository institutions
  • $0Interest-bearing balances
  • $903,286Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $758,489Net loans & leases
  • $13,727Loan loss allowance
  • $0Trading account assets
  • $51Bank premises and fixed assets
  • $3,710Other real estate owned
  • $0Goodwill and other intangibles
  • $1,677,941Life insurance assets
  • $12,372All other assets
  • $1,511,813Total liabilities and capital
  • $1,504,565Total liabilities
  • $1,504,565Total deposits
  • $1,504,565Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $7,248Subordinated debt
  • $166,128All other liabilities
  • $166,128Total equity capital
  • $166,128Total bank equity capital
  • $0Perpetual preferred stock
  • $10Common stock
  • $121,111Surplus
  • $45,007Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $35,654Income earned, not collected on loans
  • $0Earning assets
  • $5,880Long-term assets (5+ years)
  • $1,661,775Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,517,653Volatile liabilities
  • $1,612,441Insider loans
  • $498,592FHLB advances
  • $1,664,729Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $152,916Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $140,768Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $45,809Total interest income
  • $685Total interest expense
  • $45,124Net interest income
  • $5,117Provision for loan and lease losses
  • -$595Total noninterest income
  • $0Fiduciary activities
  • $2Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$597Additional noninterest income
  • $22,806Total noninterest expense
  • $992Salaries and employee benefits
  • $1,212Premises and equipment expense
  • $20,602Additional noninterest expense
  • $16,606Pre-tax net operating income
  • $3,973Securities gains (losses)
  • $7,517Applicable income taxes
  • $13,062Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,062Net income attributable to bank
  • $0Net charge-offs
  • $13,062Cash dividends
  • $11,686Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.05%Yield on earning assets
  • 0.05%Cost of funding earning assets
  • 3.01%Net interest margin
  • -0.04%Noninterest income to earning assets
  • 1.52%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 8.53%Return on equity (ROE)
  • 8.53%Retained earnings to average equity (YTD only)
  • 1.59%Net charge-offs to loans
  • 43.79%Credit loss provision to net charge-offs
  • 1.86%Efficiency ratio
  • 51,216Assets per employee
  • 0.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 38.50%Noncurrent assets plus other real estate owned to assets
  • 2.35%Noncurrent loans to loans
  • 4.62%Net loans and leases to deposits
  • 50.41%Net loans and leases to core deposits
  • 538.38%Equity capital to assets
  • 9.90%Core capital (leverage) ratio
  • 9.19%Tier 1 risk-based capital ratio
  • 30.67%Total risk-based capital ratio
  • Memoranda
  • $32Average assets
  • $1,517,653Average earning assets
  • $153,130Average equity
  • $1,501,233Average loans

List of branches

  • 1 Arizona Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2492583Scottsdale Branch7150 East Camelback Road, Scottsdale, AZ 85251August 08, 2007Limited Service Administrative
  • 7 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    13495259Brentwood Branch11713 Gorham Avenue, Los Angeles, CA 90049June 08, 2007Limited Service Administrative
    14495260Palo Alto Branch124 University Avenue, Palo Alto, CA 94301January 29, 2007Limited Service Administrative
    16495262Torrance Branch21243 Hawthorne Boulevard, Torrance, CA 90503October 12, 2006Limited Service Administrative
    18495264Costa Mesa Branch3200 Bristol Street, Suite 120, Costa Mesa, CA 92626March 05, 2007Limited Service Administrative
    22495355San Francisco Branch532 Market Street, San Francisco, CA 94104November 08, 2006Limited Service Administrative
    23495356Roseville Branch905 Highland Point Drive, Roseville, CA 95678October 26, 2006Limited Service Administrative
    24495357La Jolla Branch9255 Town Centre Drive, Suite 100, San Diego, CA 92121Febuary 28, 2007Limited Service Administrative
  • 1 Colorado Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    9492590Denver Branch1675 Broadway, Denver, CO 80202April 14, 2008Limited Service Administrative
  • 1 District Of Columbia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1463994K Street Branch1850 K Street, N.W., Washington, DC 20006May 01, 2006Limited Service Administrative
  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    7492588Fort Lauderdale Branch100 N. Federal Hwy, Fort Lauderdale, FL 33301April 03, 2008Limited Service Administrative
    8492589Orlando Branch255 S. Orange Avenue, Orlando, FL 32801April 10, 2008Limited Service Administrative
    19495265Tampa Branch4146 Boy Scout Blvd., Tampa, FL 33607June 22, 2009Full Service Brick and Mortar
  • 1 Georgia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    3492584Atlanta Branch3391 Peachtree Road, Atlanta, GA 30326September 12, 2007Limited Service Administrative
  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    15495261Chicago Branch125 South Wacker Drive, Chicago, IL 60606January 11, 2007Limited Service Administrative
  • 1 Michigan Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    10492591Farmington Hills Branch31300 Orchard Lake Road, Farmington Hills, MI 48334April 29, 2008Limited Service Administrative
  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    11492592Minneapolis Branch50 South Sixth Street, Minneapolis, MN 55402May 08, 2008Limited Service Administrative
  • 3 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    12495258Garden City Branch1001 Franklin Ave, Garden City, NY 11530November 30, 2006Limited Service Administrative
    17495263New York Park Avenue Branch300 Park Avenue, New York, NY 10022September 22, 2006Limited Service Administrative
    20495266Scarsdale Branch428 Central Park Avenue Branch, Scarsdale, NY 10583December 14, 2006Limited Service Administrative
  • 1 Oregon Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    21495354Portland Branch5000 Sw 5th Ave, Portland, OR 97204May 08, 2008Limited Service Administrative
  • 1 Pennsylvania Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    4492585King Of Prussia Branch150 Allendale Road, King Of Prussia, PA 19406September 12, 2007Limited Service Administrative
  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    5492586Houston Branch1121 Uptown Park Blvd, Houston, TX 77056November 06, 2007Limited Service Administrative
    6492587Dallas Branch8418 Preston Road, Dallas, TX 75225November 07, 2007Limited Service Administrative
  • 1 Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0440102E*trade Savings Bank671 North Glebe Road, Arlington, VA 22203May 01, 2006Full Service Brick and Mortar

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