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

Rates - July 11, 2020

Your current location is: Connecticut, Fairfield

Overview 2020

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5649
Date Established 1911
Assets $ 111.14 billion
Loans $ 86.05 billion
Deposits $ 75.89 billion
Capital $ 9.16 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 9.85 billion
Interest-bearing balances $ 8.74 billion
Total securities $ 11.97 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 86.05 billion
Loan loss allowance $ 6.91 billion
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.10 million
Goodwill and other intangibles $ 2.40 million
All other assets $ 2.89 billion
     Total Assets $ 101.98 billion

LIABILITIES
Total deposits $ 75.89 billion
      Interest-bearing deposits $ 74.98 billion
      Deposits held in domestic offices $ 75.89 billion
      % insured (estimated) 92.42%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 21.45 billion
Subordinated debt $ 1,518.69 million
All other liabilities $ 3.13 billionn
      Total Liabilities $ 101.98 billion
      Shareholders’ Equity $ 9.16 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 3.08 billion
Total Interest Expense $ 540.17 million
Net interest income $ 2.54 billion
Provision for loan and lease losses $ 1,838.47 million
Total non interest income $ 169.55 million
Total non interest expense $ 983.39 million
Pre-tax Net Operating Income N.A.

Discover Bank is an FDIC insured institution headquartered at 502 E. Market Street, Greenwood, DE 19950.
It was founded in 1911 and has approximately $111 billion in assets. Customers can open an account at one of its 2 branches.

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