Industrial Bank in Washington, District Of Columbia (DC), MD
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| Industrial Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 132 |
| Total assets | $364,007 |
| Cash and due from depository institutions | $11,617 |
| Interest-bearing balances | $827 |
| Securities | $99,046 |
| Federal funds sold & reverse repurchase agreements | $50 |
| Net loans & leases | $234,175 |
| Loan loss allowance | $5,476 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,435 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $15,684 |
| Life insurance assets | $364,007 |
| Total liabilities and capital | $330,647 |
| Total liabilities | $289,157 |
| Total deposits | $220,467 |
| Interest-bearing deposits | $289,157 |
| Deposits held in domestic offices | $84 |
| % insured (estimated) | 18158.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $21,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,832 |
| All other liabilities | $33,360 |
| Total equity capital | $33,360 |
| Total bank equity capital | $33,360 |
| Perpetual preferred stock | $0 |
| Common stock | $3,186 |
| Surplus | $8,759 |
| Undivided profits | $21,415 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $3,764 |
| Income earned, not collected on loans | $15,686 |
| Earning assets | $389 |
| Long-term assets (5+ years) | $1,656 |
| Average Assets, year-to-date | $334,098 |
| Average Assets, quarterly | $167,672 |
| Volatile liabilities | $377,398 |
| Insider loans | $369,522 |
| FHLB advances | $245,921 |
| Loans and leases held for sale | $367,718 |
| Unused loan commitments | $7,843 |
| Tier 1 (core) risk-based capital | $7,843 |
| Tier 2 risk-based capital | $33,173 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $11,198 |
| Derivatives | $5,326 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $18,815 |
| Total interest expense | $1,967 |
| Net interest income | $16,848 |
| Provision for loan and lease losses | $2,330 |
| Total noninterest income | $5,019 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,956 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $3,063 |
| Total noninterest expense | $18,376 |
| Salaries and employee benefits | $10,794 |
| Premises and equipment expense | $2,723 |
| Additional noninterest expense | $4,859 |
| Pre-tax net operating income | $1,161 |
| Securities gains (losses) | $304 |
| Applicable income taxes | $323 |
| Income before extraordinary items | $1,142 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,142 |
| Net charge-offs | $0 |
| Cash dividends | $1,142 |
| Sale, conversion, retirement of capital stock, net | $710 |
| Net operating income | $316 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.47% |
| Cost of funding earning assets | 0.57% |
| Net interest margin | 4.90% |
| Noninterest income to earning assets | 1.46% |
| Noninterest expense to earning assets | 5.34% |
| Net operating income to assets | 0.24% |
| Return on assets (ROA) | 0.30% |
| Pretax return on assets | 0.39% |
| Return on equity (ROE) | 3.54% |
| Retained earnings to average equity (YTD only) | 2.56% |
| Net charge-offs to loans | 0.30% |
| Credit loss provision to net charge-offs | 328.17% |
| Efficiency ratio | 4.92% |
| Assets per employee | $84,035 |
| Cash dividends to net income (YTD only) | 2.76% |
| Condition Ratios (%) | |
| Loss allowance to loans | 27.67% |
| Loss allowance to noncurrent loans | 2.28% |
| Noncurrent assets plus other real estate owned to assets | 34.91% |
| Noncurrent loans to loans | 4.31% |
| Net loans and leases to deposits | 6.55% |
| Net loans and leases to core deposits | 80.99% |
| Equity capital to assets | 93.02% |
| Core capital (leverage) ratio | 9.16% |
| Tier 1 risk-based capital ratio | 9.02% |
| Total risk-based capital ratio | 13.49% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $377,398 |
| Average equity | $32,250 |
| Average loans | $344,091 |
| Bank Assets Sold and Securitized (December 31, 2002) (Dollar figures in thousands) | |
| Principal balance with servicing or other recourse retained | |
| 1-4 family residential loans | $19,145 |
| Home equity lines | $0 |
| Credit cards receivables | $0 |
| Auto loans | $0 |
| Other consumer loans | $0 |
| Commercial and industrial loans | $0 |
| 6 District Of Columbia Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 9180 | Industrial Bank | 4812 Georgia Avenue Nw, Washington, DC 20011 | August 18, 1934 | Full Service Brick and Mortar |  |
| 1 | 231937 | U Street Branch | 2000 11th Street, N.W., Washington, DC 20001 | April 23, 1962 | Full Service Brick and Mortar |  |
| 2 | 231938 | Jesse H. Mitchell Branch | 125 45th Street, N.E., Washington, DC 20019 | May 31, 1966 | Full Service Brick and Mortar | |
| 3 | 231939 | Reeves Center Branch | 2000 14th Street, N.W., Washington, DC 20009 | July 29, 1986 | Full Service Brick and Mortar | |
| 4 | 231940 | F Street Branch | 1317 F Street, N.W., Washington, DC 20004 | Febuary 14, 1991 | Full Service Brick and Mortar | |
| 13 | 512568 | Anacostia Branch | 1800 Martin Luther King Jr. Ave, Se, Washington, DC 20020 | October 01, 2009 | Full Service Brick and Mortar | |
| 2 Maryland Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 8 | 287890 | Forestville Branch | 7610 Pennsylvania Avenue, Forestville, MD 20747 | June 30, 1986 | Full Service Brick and Mortar | |
| 12 | 511676 | Oxon Hill Branch | 1900 John Hanson Lane, Oxon Hill, MD 20745 | September 04, 2007 | Full Service Brick and Mortar | |
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