E*TRADE Savings Bank


E*TRADE Savings Bank is an FDIC insured institution headquartered at 671 North Glebe Road, Arlington, VA 22203.
It was founded in 2006 and has approximately $10 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - April 18, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58119
Date Established 2006
Assets $ 9.85 billion
Loans $ 1,661.26 million
Deposits $ 7.88 billion
Capital $ 1,859.40 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 1,615.46 million
Interest-bearing balances $ 14.33 million
Total securities $ 6.23 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,661.26 million
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 252.72 million
All other assets $ 18.20 million
     Total Assets $ 7.91 billion

LIABILITIES
Total deposits $ 7.88 billion
      Interest-bearing deposits $ 7.88 billion
      Deposits held in domestic offices $ 7.88 billion
      % insured (estimated) 96.92%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 34.95 millionn
      Total Liabilities $ 7.91 billion
      Shareholders’ Equity $ 1,931.58 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 120.84 million
Total Interest Expense $ 1.00 million
Net interest income $ 119.84 million
Provision for loan and lease losses N.A.
Total non interest income $ 17.72 million
Total non interest expense $ 121.18 million
Pre-tax Net Operating Income $ 16.38 million

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