Industrial Bank in Washington, District Of Columbia (DC), MD
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Industrial Bank in Washington, District Of Columbia (DC), MD
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Industrial Bank - Overview

  • General
  • FDIC Certificate #: 14679
    Status: Active
    Federal Reserve ID: 536527
    Bank Holding Company (Regulatory Top Holder): Ibw Financial Corporation (RSSDID: 2326179, Location: Washington, DC)
    Date Established: August 18, 1934
    WWW: http://www.industrial-bank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: Yes)
    FDIC's unique #: 9180
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 18, 1934
    Last Structure Change Effective Date: January 28, 2010
    Last Structure Change Process Date: January 28, 2010
    Last Data Update: January 28, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 4812 Georgia Avenue Nw, Washington, DC 20011
    County: District Of Columbia
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Baltimore
    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
  • Corrections
  • Financial Summary
  • Total assets: $364.0 mil
    Equity capital: $33.4 mil
    Deposits held in domestic offices: $289.2 mil
    Return on assets (ROA): 0.30% ($1.1 mil)
    Quarterly return on assets: 0.25% ($0.9 mil)
    Return on Equity (ROE): 3.54% ($1.2 mil)
    Quarterly return on equity: 2.79% ($0.9 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.39% ($1,419.6 mil)
    Quarterly Pretax return on assets: 0.34% ($1,237.6 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
  • 132Total employees (full-time equivalent)
  • $364,007Total assets
  • $11,617Cash and due from depository institutions
  • $827Interest-bearing balances
  • $99,046Securities
  • $50Federal funds sold & reverse repurchase agreements
  • $234,175Net loans & leases
  • $5,476Loan loss allowance
  • $0Trading account assets
  • $3,435Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $364,007Life insurance assets
  • $15,684All other assets
  • $330,647Total liabilities and capital
  • $289,157Total liabilities
  • $220,467Total deposits
  • $289,157Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 18158.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,500Trading liabilities
  • $0Other borrowed funds
  • $1,832Subordinated debt
  • $33,360All other liabilities
  • $33,360Total equity capital
  • $33,360Total bank equity capital
  • $0Perpetual preferred stock
  • $3,186Common stock
  • $8,759Surplus
  • $21,415Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,764Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,686Income earned, not collected on loans
  • $389Earning assets
  • $1,656Long-term assets (5+ years)
  • $334,098Average Assets, year-to-date
  • $167,672Average Assets, quarterly
  • $377,398Volatile liabilities
  • $369,522Insider loans
  • $245,921FHLB advances
  • $367,718Loans and leases held for sale
  • $7,843Unused loan commitments
  • $7,843Tier 1 (core) risk-based capital
  • $33,173Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,198Restructured Loans and leases
  • $5,326Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,815Total interest income
  • $1,967Total interest expense
  • $16,848Net interest income
  • $2,330Provision for loan and lease losses
  • $5,019Total noninterest income
  • $0Fiduciary activities
  • $1,956Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,063Additional noninterest income
  • $18,376Total noninterest expense
  • $10,794Salaries and employee benefits
  • $2,723Premises and equipment expense
  • $4,859Additional noninterest expense
  • $1,161Pre-tax net operating income
  • $304Securities gains (losses)
  • $323Applicable income taxes
  • $1,142Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,142Net income attributable to bank
  • $0Net charge-offs
  • $1,142Cash dividends
  • $710Sale, conversion, retirement of capital stock, net
  • $316Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.47%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 4.90%Net interest margin
  • 1.46%Noninterest income to earning assets
  • 5.34%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 3.54%Return on equity (ROE)
  • 2.56%Retained earnings to average equity (YTD only)
  • 0.30%Net charge-offs to loans
  • 328.17%Credit loss provision to net charge-offs
  • 4.92%Efficiency ratio
  • 84,035Assets per employee
  • 2.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.67%Loss allowance to loans
  • 2.28%Loss allowance to noncurrent loans
  • 34.91%Noncurrent assets plus other real estate owned to assets
  • 4.31%Noncurrent loans to loans
  • 6.55%Net loans and leases to deposits
  • 80.99%Net loans and leases to core deposits
  • 93.02%Equity capital to assets
  • 9.16%Core capital (leverage) ratio
  • 9.02%Tier 1 risk-based capital ratio
  • 13.49%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $377,398Average earning assets
  • $32,250Average equity
  • $344,091Average loans

Bank Assets Sold and Securitized (December 31, 2002)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $19,1451-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

List of branches

  • 6 District Of Columbia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09180Industrial Bank4812 Georgia Avenue Nw, Washington, DC 20011August 18, 1934Full Service Brick and Mortar
    1231937U Street Branch2000 11th Street, N.W., Washington, DC 20001April 23, 1962Full Service Brick and Mortar
    2231938Jesse H. Mitchell Branch125 45th Street, N.E., Washington, DC 20019May 31, 1966Full Service Brick and Mortar
    3231939Reeves Center Branch2000 14th Street, N.W., Washington, DC 20009July 29, 1986Full Service Brick and Mortar
    4231940F Street Branch1317 F Street, N.W., Washington, DC 20004Febuary 14, 1991Full Service Brick and Mortar
    13512568Anacostia Branch1800 Martin Luther King Jr. Ave, Se, Washington, DC 20020October 01, 2009Full Service Brick and Mortar
  • 2 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    8287890Forestville Branch7610 Pennsylvania Avenue, Forestville, MD 20747June 30, 1986Full Service Brick and Mortar
    12511676Oxon Hill Branch1900 John Hanson Lane, Oxon Hill, MD 20745September 04, 2007Full Service Brick and Mortar

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