E*TRADE Bank

Headquarters

671 N Glebe Rd Fl 16
Arlington, VA 22203
See all branch locations →

Phone 800 387 2331

Notable Rates APY Vs.Others
Savings N.A. 1.02% →
1-Year CD N.A. 1.45% →
2-Year CD N.A. 2.31% →
5-Year CD N.A. 3.00% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

E*TRADE Bank is an FDIC insured institution located in Arlington, VA. It was founded in 1933 and has approximately $79.13 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 30746
Date Established 1933
Assets $ 77.66 billion
Loans $ 25.90 billion
Deposits $ 72.10 billion
Capital $ 6.87 billion
 

For a more detailed analysis of E*TRADE Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - May 18, 2022

Your Current Location: Virginia, VA 20146

Checking Rates APY MIN FEE
Max-Rate Checking Account 0.05% $5,000 $15.00 Learn MoreShow Less
 

Loan Rates - May 18, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for E*TRADE Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
5.198% 5.125%
0.88 points
$2,070 fees
$1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to E*TRADE Bank
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Branches

E*TRADE Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


E*TRADE Bank Locations



Climate Initiatives

E*TRADE Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

E*TRADE Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of E*TRADE Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
E*TRADE Bank U.S. Bank Average
0% 3.95%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2021, E*TRADE Bank had $108,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $6,868,289,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
E*TRADE Bank U.S. Bank Average
3.46% 10.50%

E*TRADE Bank has a Return on Equity of 3.46% versus the BestCashCow average of 10.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
E*TRADE Bank U.S. Bank Average
8.84% 11.55%

E*TRADE Bank has a Capitalization of 8.84% versus the BestCashCow average of 11.55. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

E*TRADE Bank Balance Sheet Analysis

As of December 31, 2021, E*TRADE Bank had assets of $79,134,776,000, loans of $25,901,366,000, and deposits of $72,095,225,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 4.50 billion
Interest-bearing balances $ 4.48 billion
Total securities $ 47.72 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 25.90 billion
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 493.69 million
All other assets $ 523.52 million
     Total Assets $ 72.27 billion
LIABILITIES
Total deposits $ 72.10 billion
      Interest-bearing deposits $ 71.97 billion
      Deposits held in domestic offices $ 72.10 billion
      % insured (estimated) 80.82%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 171.26 million
      Total Liabilities $ 72.27 billion
      Shareholders’ Equity $ 5.39 billion

Summary Income Statement

December 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 811.95 million
Total Interest Expense $ 15.06 million
Net interest income $ 796.89 million
Provision for loan and lease losses N.A.
Total non interest income $ 109.00 million
Total non interest expense $ 656.64 million
Pre-tax Net Operating Income $ 249.25 million

Bank Loan Profile?

The top three loan types in E*TRADE Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, E*TRADE Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

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