Industrial Bank

4812 Georgia Avenue Nw
Washington, DC 20011

Notable Rates APY Vs.Others
Savings 0.10% 1.90% →
1-Year CD 1.00% 2.02% →
2-Year CD 1.35% 2.02% →
5-Year CD N.A. 2.02% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Bank Information

Industrial Bank is an FDIC insured institution located in Washington, DC. It was founded in 1934 and has approximately $0.43 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 14679
Date Established 1934
Assets $0.43 billion
Loans $0.31 billion
Deposits $0.36 billion
Capital $0.04 billion
 

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 - April 3, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1 $9,999 Learn MoreShow Less
Money Market
0.20% $10,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.40% $1,000 $99,999 Learn MoreShow Less
3 Mo CD
0.40% $100,000 - Learn MoreShow Less
6 Mo CD
0.75% $1,000 $99,999 Learn MoreShow Less
6 Mo CD
0.50% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.25% $100 - Learn MoreShow Less

Loan Rates - April 3, 2020

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.542% 4.500% 0.00 $1,250 $1,267 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
3.500 %
$0 Learn More
More Info

Note to Industrial Bank
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Branches

Industrial 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:
Fairfield,Connecticut


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 BestCashCow.com 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
28.52% 6.70%

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, 2019, Industrial Bank had $10,167,000 in non-current loans and $1,731,000 in owned real estate. To cover these potential losses it had $37,533,000 in equity and $4,190,000 in loans loss reserves. That gives it a Texas Ratio of 28.52%.

Return on Equity
Industrial Bank U.S. Bank Average
3.43% 9.72%

Industrial Bank has a Return on Equity of 3.43% versus the BestCashCow average of 9.72%. 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
Industrial Bank U.S. Bank Average
8.83% 12.89%

Industrial Bank has a Capitalization of 8.83% versus the BestCashCow average of 12.89. 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, 2019, Industrial Bank had assets of $425,052,000, loans of $307,529,000, and deposits of $360,358,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.31 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.02 billion
     Total Assets $0.39 billion
LIABILITIES
Total deposits $0.36 billion
      Interest-bearing deposits $0.26 billion
      Deposits held in domestic offices $0.36 billion
      % insured (estimated) 75.94%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.39 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

September 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in District Of Columbia, Industrial Bank has a significantly higher percent of Credit Card Loans, Consumer Auto Loans, Construction and Development 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 35.46
Multifamily
Mortgages
5.81
Credit Card Loans 0.10
Consumer Auto Loans 0.03
Small Business Loans 0.00
Construction and Development Loans 11.11
Commercial Real Estate 38.76
Commercial and Industrial Loans 10.35
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?

Yes

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?

What time does Industrial Bank close?

Are Industrial Bank ATMs Open 24/7?

Do Industrial Bank ATMs accept cash deposits?

Can Industrial Bank customers use other ATMs?

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?

What is Industrial Bank's ACH Routing Number?

What is Industrial Bank's SWIFT code?

Products

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?

Will Industrial Bank accept loose change?

Where is Industrial Bank headquarters?

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