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
No
ID
Name
Address
Established
Service Type
Map
0
45311
E*trade United Bank
671 North Glebe Road, Arlington, VA 22203
June 04, 1986
Full Service Brick and Mortar
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