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Discover Bank in Greenwood, Delaware (DE)
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Discover Bank - Overview

General
FDIC Certificate #: 5649
Status: Active
Federal Reserve ID: 30810
Bank Holding Company (Regulatory Top Holder): Discover Financial Services (RSSDID: 3846375, Location: Riverwoods, IL)
Date Established: August 30, 1911
WWW: http://www.discovercard.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 3844
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Credit Card Institutions: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: Yes
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Credit-Card Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 502 E. Market Street, Greenwood, DE 19950
County: Sussex
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Claymont
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Core Based Statistical Area (CBSA): Seaford, DE (#42580)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $67,778.5 mil
Equity capital: $6,948.3 mil
Deposits held in domestic offices: $39,601.6 mil
Return on assets (ROA): 3.33% ($2,257.0 mil)
Quarterly return on assets: 3.31% ($2,243.5 mil)
Return on Equity (ROE): 32.63% ($2,267.1 mil)
Quarterly return on equity: 32.34% ($2,247.0 mil)
Net income: $2,154.0 mil
Quarterly Net income: $557.3 mil
Pretax return on assets: 5.24% ($3,551,594.7 mil)
Quarterly Pretax return on assets: 5.10% ($3,456,704.7 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
7,985Total employees (full-time equivalent)
$67,778,524Total assets
$2,224,417Cash and due from depository institutions
$1,599,829Interest-bearing balances
$6,658,866Securities
$0Federal funds sold & reverse repurchase agreements
$56,513,611Net loans & leases
$2,245,002Loan loss allowance
$0Trading account assets
$295,050Bank premises and fixed assets
$0Other real estate owned
$9,513Goodwill and other intangibles
$67,778,524Life insurance assets
$2,077,067All other assets
$60,830,226Total liabilities and capital
$39,601,637Total liabilities
$39,469,669Total deposits
$39,601,637Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$17,653,302Trading liabilities
$1,195,705Other borrowed funds
$2,379,582Subordinated debt
$6,948,298All other liabilities
$6,948,298Total equity capital
$6,948,298Total bank equity capital
$0Perpetual preferred stock
$35Common stock
$3,972,737Surplus
$2,975,526Undivided profits
Memoranda
$0Noncurrent loans and leases
$704,956Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$776,880Income earned, not collected on loans
$24,161Earning assets
$442,922Long-term assets (5+ years)
$64,772,306Average Assets, year-to-date
$1,099,886Average Assets, quarterly
$64,652,617Volatile liabilities
$67,275,056Insider loans
$59,946,089FHLB advances
$67,460,364Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,872,369Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$161,554,786Restructured Loans and leases
$720Derivatives
$688Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

Dollar figures in thousands
$6,659,097Total interest income
$1,356,073Total interest expense
$5,303,024Net interest income
$978,716Provision for loan and lease losses
$1,377,026Total noninterest income
$0Fiduciary activities
$1,940Service charges on deposit accounts
$0Trading account gains & fees
$1,375,086Additional noninterest income
$2,312,039Total noninterest expense
$510,197Salaries and employee benefits
$36,817Premises and equipment expense
$1,765,025Additional noninterest expense
$3,389,295Pre-tax net operating income
$142Securities gains (losses)
$1,235,480Applicable income taxes
$2,153,957Income before extraordinary items
$0Extraordinary gains - net
$2,153,957Net income attributable to bank
$0Net charge-offs
$2,153,957Cash dividends
$2,011,738Sale, conversion, retirement of capital stock, net
$1,375,000Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
10.77%Yield on earning assets
2.19%Cost of funding earning assets
8.58%Net interest margin
2.23%Noninterest income to earning assets
3.74%Noninterest expense to earning assets
3.33%Net operating income to assets
3.33%Return on assets (ROA)
5.24%Pretax return on assets
32.63%Return on equity (ROE)
11.80%Retained earnings to average equity (YTD only)
3.69%Net charge-offs to loans
48.65%Credit loss provision to net charge-offs
2.17%Efficiency ratio
34,585Assets per employee
8.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.84%Loss allowance to loans
3.82%Loss allowance to noncurrent loans
288.98%Noncurrent assets plus other real estate owned to assets
1.15%Noncurrent loans to loans
1.32%Net loans and leases to deposits
142.71%Net loans and leases to core deposits
251.29%Equity capital to assets
10.25%Core capital (leverage) ratio
10.19%Tier 1 risk-based capital ratio
11.46%Total risk-based capital ratio
Memoranda
$15Average assets
$64,652,617Average earning assets
$6,600,522Average equity
$61,820,965Average loans

Bank Assets Sold and Securitized (December 31, 2008)

Dollar figures in thousands
Principal balance with servicing or other recourse retained
$01-4 family residential loans
$0Home equity lines
$23,359,744Credit cards receivables
$0Auto loans
$0Other consumer loans
$0Commercial and industrial loans

List of branches

2 Delaware Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	3844	Discover Bank	502 E. Market Street, Greenwood, DE 19950	August 30, 1911	Full Service Brick and Mortar
5	207948	New Castle Administrative Office	12 Read's Way, New Castle, DE 19720	June 04, 1996	Limited Service Administrative

Discover Bank in Greenwood, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches

Discover Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Bank Assets Sold and Securitized (December 31, 2008)

List of branches

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Discover Bank in Greenwood, Delaware (DE)Overview, Financial Summary, Detailed Financial Reports, Branches

Discover Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Bank Assets Sold and Securitized (December 31, 2008)

List of branches

Comment about this bank, ask questions, or add new information about it:

Discover Bank in Greenwood, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches