Industrial Bank

Report generated from DepositInsuredBanks.com
DepositInsuredBanks.com


Overview

FDIC Cert 14679
Address
4812 Georgia Avenue Nw, Washington, DC 20011
FDIC Unique Number 9180
Federal Reserve ID 536527
Federal Reserve ID for Bank Holding Company 2326179
OCC Charter Number 0
OTS Docket Number Not available or not applicable
MSA Washington, DC-MD-VA-WV
County District Of Columbia
Website http://www.industrial-bank.com
Established On 08/18/1934
Insured On 08/18/1934
Holding Company Ibw Financial Corporation
Regulator Federal Deposit Insurance Corporation
Asset Concentration Commercial Lending Specialization
Ownership Type
Domestic Offices 8
Foreign Offices
Bank Charter Class NM - Commercial bank, state charter and Fed nonmember, supervised by the FDIC

Recent Changes

Financial Snapshot

USD, Thousands
Total Assets 372,753
Total Deposits 315,383
Domestic Deposits 315,383
Bank Equity Capital 39,101
Year to Date Quarterly
Net Income USD, 000 1,199 432
Return on Assets 0.44% 0.47%
Return on Equity 4.15% 4.47%
Pre-Tax Return on Assets 0.63% 0.67%
as of 09/30/2015

Financial Health

As of 09/30/2015
Low Risk

The Texas ratio is a measure of a bank's credit troubles. It is a way to measure how risky a bank is. The higher the Texas ratio, the more severe the credit troubles. Any bank with a TX Ratio near or greater than 100% is considered at risk. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

Industrial Bank has a texas ratio of 23.27 which puts it at low risk. As of 09/30/2015 the bank had $10,073 Non Current Loans and Leases, $0 Other Real Estate Owned, $39,101 Total Equity Capital and $4,179 Loan Loss Allowance.

Historical Texas Ratios

Date Non Current Loans and Leases Other Real Estate Owned Total Equity Capital Loan Loss Allowance TX Ratio
09/30/2015 $10,073 $0 $39,101 $4,179 23.27
06/30/2015 $12,545 $0 $38,184 $4,036 29.71
03/31/2015 $11,994 $0 $38,550 $4,883 27.61
12/31/2014 $10,759 $0 $38,177 $4,648 25.12
09/30/2014 $8,523 $279 $37,338 $4,481 21.05
06/30/2014 $9,619 $279 $37,383 $4,607 23.57
03/31/2014 $12,531 $279 $36,310 $4,529 31.37
12/31/2013 $12,696 $279 $35,200 $4,363 32.8
09/30/2013 $11,907 $279 $35,170 $4,878 30.43
06/30/2013 $13,191 $0 $35,944 $5,291 31.99
03/31/2013 $11,738 $0 $37,460 $5,116 27.57
12/31/2012 $15,528 $0 $37,028 $4,936 37
09/30/2012 $15,671 $604 $35,948 $5,213 39.54
06/30/2012 $14,016 $604 $34,883 $5,178 36.49
03/31/2012 $15,223 $0 $33,403 $5,738 38.89
12/31/2011 $15,686 $0 $33,360 $5,476 40.39
09/30/2011 $16,800 $0 $34,130 $4,922 43.02
06/30/2011 $16,161 $0 $32,210 $4,712 43.77
03/31/2011 $17,589 $0 $30,777 $4,383 50.03
12/31/2010 $13,524 $0 $30,772 $3,857 39.05
09/30/2010 $15,992 $0 $31,687 $4,129 44.65
06/30/2010 $13,966 $0 $31,380 $3,879 39.61
03/31/2010 $10,783 $0 $29,897 $3,293 32.49
12/31/2009 $9,085 $0 $28,471 $2,733 29.11
09/30/2009 $8,658 $0 $27,746 $2,661 28.47
06/30/2009 $5,989 $0 $25,728 $2,225 21.43
03/31/2009 $8,014 $0 $21,661 $2,545 33.11

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Assets and Liabilities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total employees (full-time equivalent) 121 116 120 119 120 Chart
Total Assets 372,753 365,317 355,688 368,286 365,179 Chart
Cash & Balances due from depository institutions 11,445 11,970 15,795 24,550 14,097 Chart
Interest-bearing balances 5,220 6,918 9,984 19,760 8,393 Chart
Securities 70,417 69,329 64,517 67,694 86,125 Chart
Federal funds sold and reverse repurchase 0 0 0 0 0 Chart
Net loans and leases 273,275 267,176 259,249 257,168 248,050 Chart
Loan loss allowance 4,179 4,036 4,883 4,648 4,481 Chart
Trading account assets 0 0 0 0 0 Chart
Bank premises and fixed assets 4,005 4,050 3,976 4,028 4,025 Chart
Other real estate owned 0 0 0 0 279 Chart
Goodwill and other intangibles 0 0 0 0 0 Chart
All other assets 13,611 12,792 12,151 14,846 12,603 Chart
Total Liabilities and Capital 372,753 365,317 355,688 368,285 365,179 Chart
Total Liabilities 333,652 327,133 317,138 330,108 327,841 Chart
Total deposits 315,383 312,322 309,366 304,834 309,101 Chart
Interest-bearing deposits 231,224 230,017 227,793 227,913 230,944 Chart
Deposits held in domestic offices 315,383 312,322 309,366 304,834 309,101 Chart
% insured (estimated) 82% 84% 84% 85% 85% Chart
Federal funds purchased and repurchase agreements 7,061 8,508 6,100 5,374 7,746 Chart
Trading liabilities 0 0 0 0 0 Chart
Other borrowed funds 10,000 5,000 0 18,000 10,000 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 1,208 1,303 1,672 1,900 994 Chart
Total equity capital 39,101 38,184 38,550 38,177 37,338 Chart
Bank equity capital 39,101 38,184 38,550 38,177 37,338 Chart
Perpetual preferred stock 0 0 0 0 0 Chart
Common stock 3,186 3,186 3,186 3,186 3,186 Chart
Surplus 8,759 8,759 8,759 8,759 8,759 Chart
Undivided profits 27,156 26,239 26,605 26,232 25,393 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 10,073 12,545 11,994 10,759 8,523 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 0 0 0 0 0 Chart
Income earned, not collected on loans 1,370 1,255 1,169 1,235 1,353 Chart
Earning assets 348,912 343,423 333,750 344,622 342,568 Chart
Long-term assets (5+ years) 156,210 146,356 149,528 151,431 164,600 Chart
Average total assets 365,511 363,097 361,987 360,519 358,577 Chart
Average assets, quarterly 369,035 360,503 361,987 366,733 359,941 Chart
Total risk weighted assets adjusted 254,206 245,621 235,833 229,282 228,181 Chart
Adjusted average assets for leverage capital purposes 375,311 361,568 356,386 362,494 360,731 Chart
Life insurance assets 8,661 8,610 8,538 8,482 8,427 Chart
General account life insurance assets 6,541 6,504 6,446 6,404 6,381 Chart
Separate account life insurance assets 0 0 0 0 0 Chart
Hybrid life insurance assets 2,120 2,106 2,092 2,078 2,046 Chart
Volatile liabilities 29,295 26,194 18,281 35,399 29,020 Chart
Insider loans 5,390 4,681 4,702 4,749 4,425 Chart
FHLB advances 10,000 5,000 0 18,000 10,000 Chart
Loans and leases held for sale 1,618 396 1,696 1,478 1,539 Chart
Unused loan commitments 30,243 20,743 17,266 16,661 15,196 Chart
Tier one (core) capital 36,222 36,657 36,550 36,112 35,415 Chart
Tier 2 Risk-based capital 3,191 3,083 2,972 2,889 2,873 Chart
Total unused commitments 30,243 20,743 17,266 16,661 15,196 Chart
Derivatives 886 1,712 1,257 1,473 1,130 Chart

Income and Expenses

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total interest income 12,516 8,075 4,038 16,342 12,230 Chart
Total interest expense 631 414 210 894 676 Chart
Net interest income 11,885 7,661 3,828 15,448 11,554 Chart
Provision for loan and lease losses 400 250 150 350 200 Chart
Total noninterest income 2,814 1,874 865 5,781 2,861 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 997 657 340 1,553 1,143 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 1,817 1,217 525 4,228 1,718 Chart
Total noninterest expense 13,089 8,633 4,293 17,603 12,956 Chart
Salaries and employee benefits 7,802 5,136 2,586 10,164 7,668 Chart
Premises and equipment expense 1,887 1,229 655 2,459 1,844 Chart
Additional noninterest expense 3,400 2,268 1,052 4,980 3,444 Chart
Pre-tax net operating income 1,210 652 250 3,276 1,259 Chart
Securities gains (losses) 527 467 467 88 154 Chart
Applicable income taxes 538 352 243 1,150 366 Chart
Income before extraordinary items 1,199 767 474 2,214 1,047 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income 1,199 767 474 2,214 1,047 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests 1,199 767 474 2,214 1,047 Chart
Net charge-offs 869 862 -84 64 82 Chart
Cash dividends 258 222 36 693 224 Chart
Sale, conversion, retirement of capital stock, net 0 0 0 0 0 Chart
Net operating income 835 445 166 2,156 933 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 70,417 69,329 64,517 67,694 86,125 Chart
U.S. Government securities 53,000 52,002 46,856 46,924 59,106 Chart
U.S. Treasury securities 0 0 0 0 0 Chart
U.S. Government agency obligations 53,000 52,002 46,856 46,924 59,106 Chart
Securities issued by states & political subdivisions 15,416 15,259 15,590 18,665 21,123 Chart
Other domestic debt securities 2,001 2,068 2,071 2,105 5,896 Chart
Privately issued residential mortgage-backed securities 1 488 514 550 577 Chart
Commercial mortgage-backed securities - Total 0 0 0 0 0 Chart
Asset backed securities 2,000 1,580 1,557 1,555 5,319 Chart
Structured financial products - Total 0 0 0 0 0 Chart
Other domestic debt securities - All other 0 0 0 0 0 Chart
Foreign debt securities 0 0 0 0 0 Chart
Equity securities 0 0 0 0 0 Chart
Assets held in trading accounts for TFR Reporters 0 0 0 0 0 Chart
General valuation allowances for securities for TFR Reporters 0 0 0 0 0 Chart
Memoranda
Pledged securities 37,872 34,400 35,035 34,434 37,006 Chart
Mortgage-backed securities 42,591 41,868 36,546 41,300 53,613 Chart
Certificates of participation in pools of residential mortgages 13,065 11,094 10,564 11,127 20,086 Chart
Issued or guaranteed by U.S. 13,065 11,094 10,564 11,127 20,086 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 29,526 30,774 25,982 30,173 33,527 Chart
CMOs issued by government agencies or sponsored agencies 29,525 30,286 25,468 29,623 32,950 Chart
Privately issued 1 488 514 550 577 Chart
Commercial mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage pass-through securities 0 0 0 0 0 Chart
Other commercial mortgage-backed securities 0 0 0 0 0 Chart
Held to maturity securities (book value) 0 0 0 0 0 Chart
Available-for-sale securities (fair market value) 70,417 69,329 64,517 67,694 86,125 Chart
Total debt securities 70,417 69,328 64,515 67,695 86,124 Chart
Structured Notes
Amortized cost 4,660 0 0 0 0 Chart
Fair value 4,790 0 0 0 0 Chart
Trading account assets 0 0 0 0 0 Chart
Revaluation gains on off-balance sheet contracts 0 0 0 0 0 Chart
Revaluation losses on off-balance sheet contracts 0 0 0 0 0 Chart

Performance and Condition Ratios

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
% of unprofitable institutions N/A N/A N/A N/A N/A Chart
% of insitutions with earnings gains N/A N/A N/A N/A N/A Chart
Performance Ratios (%, annualized)
Yield on earning assets 4.87% 4.74% 4.76% 4.83% 4.84% Chart
Cost of funding earning assets 0.25% 0.24% 0.25% 0.26% 0.27% Chart
Net interest margin 4.62% 4.50% 4.51% 4.57% 4.58% Chart
Noninterest income to average assets 1.03% 1.03% 0.96% 1.60% 1.06% Chart
Noninterest expense to average assets 4.77% 4.76% 4.74% 4.88% 4.82% Chart
Loan and lease loss provision to assets 0.15% 0.14% 0.17% 0.10% 0.07% Chart
Net operating income to assets 0.30% 0.24% 0.18% 0.60% 0.35% Chart
Return on assets (ROA) 0.44% 0.42% 0.52% 0.61% 0.39% Chart
Pretax return on assets 0.63% 0.62% 0.79% 0.93% 0.53% Chart
Return on Equity (ROE) 4.15% 4.00% 4.94% 6.00% 3.82% Chart
Retained earnings to average equity (YTD only) 3.26% 2.85% 4.57% 4.12% 3.00% Chart
Net charge-offs to loans 0.43% 0.65% -0.13% 0.03% 0.04% Chart
Credit loss provision to net charge-offs 46.03% 29.00% -178.57% 546.88% 243.90% Chart
Earnings coverage of net charge-offs (x) 1.85% 1.05% 0.00% 56.66% 17.79% Chart
Efficiency ratio 89.05% 90.54% 91.48% 82.92% 89.88% Chart
Assets per employee ($millions) 3.08% 3.15% 2.96% 3.09% 3.04% Chart
Cash dividends to net income (YTD only) 21.52% 28.94% 7.59% 31.30% 21.39% Chart
Condition Ratios (%)
Loss allowance to loans 1.51% 1.49% 1.85% 1.78% 1.77% Chart
Loan loss allowance to noncurrent loans 41.49% 32.17% 40.71% 43.20% 52.58% Chart
Noncurrent assets plus other real estate owned to assets 2.70% 3.43% 3.37% 2.92% 2.41% Chart
Noncurrent loans to loans 3.63% 4.63% 4.54% 4.11% 3.38% Chart
Net loans and leases to total assets 73.31% 73.14% 72.89% 69.83% 67.93% Chart
Net loans and leases to deposits 86.65% 85.55% 83.80% 84.36% 80.25% Chart
Net loans and leases to core deposits 108.75% 107.58% 104.88% 107.11% 102.92% Chart
Total domestic deposits to total assets 84.61% 85.49% 86.98% 82.77% 84.64% Chart
Equity capital to assets 10.49% 10.45% 10.84% 10.37% 10.22% Chart
Core capital (leverage) ratio 9.65% 10.14% 10.26% 9.96% 9.82% Chart
Tier 1 risk-based capital ratio 14.25% 14.92% 15.50% 15.75% 15.52% Chart
Total risk-based capital ratio 15.50% 16.18% 16.76% 17.01% 16.78% Chart
Memoranda
Average total assets 365,511 363,097 361,987 360,519 358,577 Chart
Average earning assets 342,677 340,598 339,186 338,230 336,632 Chart
Average equity 38,503 38,304 38,364 36,882 36,558 Chart
Average loans 268,654 265,720 262,974 249,087 245,905 Chart