Industrial Bank


4812 Georgia Avenue Nw
Washington, DC 20011
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.70% →
1-Year CD 1.00% 0.75% →
2-Year CD 0.75% 0.81% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Industrial Bank is an FDIC insured institution located in Washington, DC. It was founded in 1934 and has approximately $0.55 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 14679
Date Established 1934
Assets $ 553.83 million
Loans $ 352.24 million
Deposits $ 498.84 million
Capital $ 43.36 million

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

Deposit Rates - January 21, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
1.00% $100,000 $199,999 Learn More
18 Mo CD
0.65% $10,000 $14,999 Learn More
18 Mo CD
0.80% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.55% $100,000 $199,999 Learn More
48 Mo CD
0.85% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More


Loan Rates - January 21, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Industrial 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 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
2.561% 2.500% 0.75 $2,005 $988 Learn More
Morty, Inc.
NMLS ID: 1429243
2.480% 2.375% 1.00 $3,500 $972 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Industrial Bank
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Industrial Bank Locations

Financial Details

Industrial Bank Ratio Analysis

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

Texas Ratio
Industrial Bank U.S. Bank Average
38.08% 6.14%

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 September 30, 2020, Industrial Bank had $18,283,000 in non-current loans and $260,000 in owned real estate. To cover these potential losses it had $43,358,000 in equity and $5,342,000 in loans loss reserves. That gives it a Texas Ratio of 38.08%.

Return on Equity
Industrial Bank U.S. Bank Average
2.81% 9.23%

Industrial Bank has a Return on Equity of 2.81% versus the BestCashCow average of 9.23%. 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.

Industrial Bank U.S. Bank Average
7.83% 12.07%

Industrial Bank has a Capitalization of 7.83% versus the BestCashCow average of 12.07. 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.

Industrial Bank Balance Sheet Analysis

As of September 30, 2020, Industrial Bank had assets of $553,826,000, loans of $352,238,000, and deposits of $498,841,000. 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

September 30, 2020
Cash & Balances due from depository institutions $ 77.11 million
Interest-bearing balances $ 72.08 million
Total securities $ 95.44 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 352.24 million
Loan loss allowance $ 5.34 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.26 million
Goodwill and other intangibles $ 0.40 million
All other assets $ 19.04 million
     Total Assets $ 510.47 million
Total deposits $ 498.84 million
      Interest-bearing deposits $ 350.10 million
      Deposits held in domestic offices $ 498.84 million
      % insured (estimated) 73.04%
Federal funds purchased and repurchase agreements $ 4.33 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 7.30 million
      Total Liabilities $ 510.47 million
      Shareholders’ Equity $ 43.36 million

Summary Income Statement

September 30, 2020
Total Interest Income $ 15.95 million
Total Interest Expense $ 1.53 million
Net interest income $ 14.41 million
Provision for loan and lease losses $ 1.70 million
Total non interest income $ 8.07 million
Total non interest expense $ 19.52 million
Pre-tax Net Operating Income $ 1.26 million

Bank Loan Profile?

The top three loan types in Industrial Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in District Of Columbia, Industrial Bank has a significantly higher percent of Credit Card Loans, Consumer Auto Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 29.39
Credit Card Loans 0.17
Consumer Auto Loans 0.02
Small Business Loans 0.00
Construction and Development Loans 8.04
Commercial Real Estate 43.37
Commercial and Industrial Loans 15.38
Farm Loans 0.00

Frequently Asked Questions About Industrial Bank

Branches and Savings

Is Industrial Bank FDIC insured?

Yes. It is covered under FDIC Certificate #14679.

Why does Industrial Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Industrial Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Industrial Bank a commercial bank?


Where are Industrial Bank locations?

See branch locations nearby.

Is Industrial Bank open on Saturdays?

Is Industrial Bank open on Sundays?

What time does Industrial Bank open?

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Are Industrial Bank ATMs Open 24/7?

Do Industrial Bank ATMs accept cash deposits?

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Do Industrial Bank branches have notaries?

Will Industrial Bank notarize my document?

What address for Industrial Bank should I put for incoming ACH transfers?

Will the Industrial Bank branch print checks?

Do Industrial Bank checks expire?

Does Industrial Bank require US citizenship to open account?

Can Industrial Bank close my account?

Does Industrial Bank Report to credit bureaus?

Does Industrial Bank Use Equifax?

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What is Industrial Bank's SWIFT code?


Does Industrial Bank offer mortgages?

Compare mortgage rates here.

Does Industrial Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Industrial Bank offer personal loans?

Compare personal loan rates here.

Does Industrial Bank offer student loans?

Will Industrial Bank cash a check?

Will Industrial Bank redeem a savings bond?

Does Industrial Bank cash savings bonds?

Will Industrial Bank cash money orders?

Can Industrial Bank issue a money order?

Does Industrial Bank do currency exchange?

Background on The Bank

Who owns Industrial Bank?

How long has Industrial Bank been around?

Can Industrial Bank transfer to other banks?

Does Industrial Bank have quick pay?

Does Industrial Bank accept rolled coins?

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Where is Industrial Bank headquarters?

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