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


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

  • General
  • FDIC Certificate #: 32477
    Status: Active
    Federal Reserve ID: 648877
    Date Established: June 04, 1986
    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: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 8308
    FDIC's unique #: 45311
    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 04, 1986
    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: $421.2 mil
    Equity capital: $48.8 mil
    Deposits held in domestic offices: $362.2 mil
    Return on assets (ROA): 1.43% ($6.0 mil)
    Quarterly return on assets: 1.16% ($4.9 mil)
    Return on Equity (ROE): 12.03% ($5.9 mil)
    Quarterly return on equity: 9.66% ($4.7 mil)
    Net income: $5.3 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 1.87% ($7,877.2 mil)
    Quarterly Pretax return on assets: 0.96% ($4,043.9 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
  • 0Total employees (full-time equivalent)
  • $421,238Total assets
  • $35Cash and due from depository institutions
  • $29Interest-bearing balances
  • $323,132Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $90,972Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $1,460Goodwill and other intangibles
  • $421,238Life insurance assets
  • $5,639All other assets
  • $372,472Total liabilities and capital
  • $362,152Total liabilities
  • $362,152Total deposits
  • $362,152Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,794Trading liabilities
  • $0Other borrowed funds
  • $526Subordinated debt
  • $48,766All other liabilities
  • $48,766Total equity capital
  • $48,766Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $50,985Surplus
  • $-2,219Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $1,098Long-term assets (5+ years)
  • $414,133Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $372,339Volatile liabilities
  • $400,307Insider loans
  • $105,764FHLB advances
  • $414,258Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $40,345Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,531Total interest income
  • $316Total interest expense
  • $9,215Net interest income
  • $0Provision for loan and lease losses
  • $0Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $4,348Total noninterest expense
  • $60Salaries and employee benefits
  • $0Premises and equipment expense
  • $4,288Additional noninterest expense
  • $4,867Pre-tax net operating income
  • $2,094Securities gains (losses)
  • $1,623Applicable income taxes
  • $5,338Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,338Net income attributable to bank
  • $0Net charge-offs
  • $5,338Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.61%Yield on earning assets
  • 0.09%Cost of funding earning assets
  • 2.53%Net interest margin
  • 0.00%Noninterest income to earning assets
  • 1.19%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.43%Return on assets (ROA)
  • 1.87%Pretax return on assets
  • 12.03%Return on equity (ROE)
  • 12.03%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 47,184Assets per employee
  • 0.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 25.12%Net loans and leases to core deposits
  • -606480.00%Equity capital to assets
  • 11.58%Core capital (leverage) ratio
  • 10.09%Tier 1 risk-based capital ratio
  • 38.15%Total risk-based capital ratio
  • Memoranda
  • $38Average assets
  • $372,339Average earning assets
  • $44,356Average equity
  • $364,568Average loans

List of branches

  • 1 Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045311E*trade United Bank671 North Glebe Road, Arlington, VA 22203June 04, 1986Full Service Brick and Mortar

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