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Discover Bank ACH Number: 031100649
Discover Bank is an FDIC insured institution headquartered at
502 E Market St, Greenwood, DE 19950.
It was founded in
1911 and has approximately $150 billion in
assets. Customers can open an account at one of its 2 branches.
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97% of borrowers would recommend to friends or family
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Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 5649
Date Established
1911
Assets
$ 150.31 billion
Loans
$ 117.30 billion
Deposits
$ 113.89 billion
Capital
$ 13.00 billion
Summary Balance Sheet as of March 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 13.53 billion
Interest-bearing balances
$ 12.00 billion
Total securities
$ 13.96 billion
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 117.30 billion
Loan loss allowance
$ 9.26 billion
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
$ 0.40 million
Goodwill and other intangibles
N.A.
All other assets
$ 3.28 billion
Total Assets
$ 137.30 billion
LIABILITIES
Total deposits
$ 113.89 billion
Interest-bearing deposits
$ 112.19 billion
Deposits held in domestic offices
$ 113.89 billion
% insured (estimated)
93.89%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
N.A.
Other borrowed funds
$ 16.25 billion
Subordinated debt
$ 1,741.20 million
All other liabilities
$ 3.91 billionn
Total Liabilities
$ 137.30 billion
Shareholders’ Equity
$ 13.00 billion
Summary Income Statement as of March 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 5.10 billion
Total Interest Expense
$ 1,425.31 million
Net interest income
$ 3.67 billion
Provision for loan and lease losses
$ 1,496.88 million
Total non interest income
$ 283.78 million
Total non interest expense
$ 1,909.99 million
Pre-tax Net Operating Income
$ 3.07 billion
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Branches
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