Industrial Bank


Overview / Commentary
202-722-2000
4812 Georgia Avenue Nw
Washington, DC 20011

Industrial Bank is headquartered in WASHINGTON and is the 2nd largest bank in the District of Columbia. It is also the 1,288th largest bank in the nation. It was established in 1934 and as of December of 2023, it had grown to 142 employees at 9 locations. Industrial Bank's money market rates are 82% higher than the national average, and it has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #14679
Year Established1934
Employees142
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD2.22%
Annual Interest Income$33.1MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$739.2MM$723MM
LoansQ4 2023vs Q4 2022$365.6MM$336MM
DepositsQ4 2023vs Q4 2022$603.3MM$618.5MM
Equity CapitalQ4 2023vs Q4 2022$100.3MM$94.7MM
Loan Loss AllowanceQ4 2023vs Q4 2022$8.7MM$6.6MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$17.1MM$13.1MM
Real Estate OwnedQ4 2023vs Q4 2022$432K$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Industrial Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*-$25kKasasa Saver
OTHER TIERS: 0.20% $25k+
0.50%--Statement Savings
0.50%--Goal Savings
0.50%--Minor Savings
0.50%--Business Savings
0.50%--Community Saving
0.50%--Traditional Saving

Industrial Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$10k*-Personal Money Market
OTHER TIERS: 0.75% Up to $10k
0.80%*$10k*-Business Money Market
OTHER TIERS: 0.75% Up to $10k

Industrial Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.47%*-$15kKasasa Cash
OTHER TIERS: 0.20% $15k+
0.50%$25-Business Interest Checking

Industrial Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.26%$100k-48 Month Jumbo CD
2.01%$100k-36 Month Jumbo CD
1.85%$100k-24 Month Jumbo CD
1.75%$100k-18 Month Jumbo CD
1.55%$1k-48 Month CD
1.50%$1k-36 Month CD
1.50%$100k-12 Month Jumbo CD
1.25%$1k-24 Month CD
1.25%$500-18 Month Steady Saver CD
1.00%$1k-12 Month CD
0.75%$100k-6 Month Jumbo CD
0.50%$1k-6 Month CD
0.03%$1k-1 Month CD
0.03%$1k-2 Month CD
0.03%$1k-3 Month CD
0.03%$100k-1 Month Jumbo CD
0.03%$100k-2 Month Jumbo CD
0.03%$100k-3 Month Jumbo CD

Industrial Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.01%$100-6 Month IRA
2.01%$100-12 Month IRA
2.01%$100-18 Month IRA
2.01%$100-24 Month IRA
2.01%$100-30 Month IRA
Locations


Industrial Bank Locations
Anacostia Branch1800 Martin Luther King Jr Ave SeWashington, DC 20020
Oxon Hill Branch1900 John Hanson LaneOxon Hill, MD 20745
U Street Branch2000 11th St NwWashington, DC 20001
Industrial Bank4812 Georgia Ave NwWashington, DC 20011
Forestville Branch7610 Pennsylvania AvenueForestville, MD 20747
City National Bank Of Nj Branch54 Halsey StreetNewark, NJ 07102
West Harlem Branch382 West 125 StreetNew York, NY 10027

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