Discover Bank

For information concerning Discover Bank, a subsidiary of Discover Bank, please see the Discover Bank page here.

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Discover Bank Locations

Deposit Rates - February 28, 2021

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5649
Date Established 1911
Assets $ 122.78 billion
Loans $ 80.44 billion
Deposits $ 80.74 billion
Capital $ 9.54 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 9.29 billion
Interest-bearing balances $ 8.39 billion
Total securities $ 29.48 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 80.44 billion
Loan loss allowance $ 8.23 billion
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.02 million
Goodwill and other intangibles $ 2.30 million
All other assets $ 3.21 billion
     Total Assets $ 113.25 billion

LIABILITIES
Total deposits $ 80.74 billion
      Interest-bearing deposits $ 79.56 billion
      Deposits held in domestic offices $ 80.74 billion
      % insured (estimated) 91.37%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 28.36 billion
Subordinated debt $ 1,017.39 million
All other liabilities $ 3.13 billionn
      Total Liabilities $ 113.25 billion
      Shareholders’ Equity $ 9.54 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 8.58 billion
Total Interest Expense $ 1,337.77 million
Net interest income $ 7.24 billion
Provision for loan and lease losses $ 4.59 billion
Total non interest income $ 540.89 million
Total non interest expense $ 2.80 billion
Pre-tax Net Operating Income $ 398.46 million

Discover Bank is an FDIC insured institution headquartered at 502 E Market St, Greenwood, DE 19950.
It was founded in 1911 and has approximately $123 billion in assets. Customers can open an account at one of its 2 branches.