Industrial Bank
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Data as of · sourced from FFIEC call reports. How we update
Industrial Bank is an FDIC-insured commercial bank headquartered in Washington, DC, established in 1934 (FDIC certificate 14679), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $774.2M, up 3.1% from Q2 2025, the 2nd largest of 4 banks headquartered in District of Columbia. Its CET1 capital ratio was 25.63% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 14679
- Headquarters
- Washington, DC
- Established
- 1934
- Total assets, Q2 2026
- $774.2M
- Assets vs Q2 2025
- +3.1%
- CET1 ratio, Q2 2026
- 25.63%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 054000959
- Latest call report
- Q2 2026, FFIEC 051 · Industrial Bank call report
- Holding company
- IBW FINANCIAL CORPORATION
- Asset rank in state
- 2nd of 4 in District of Columbia
Problem loans are rising at Industrial Bank. The Washington, the District of Columbia bank had $774 million in assets at June 30, 2026, up 3.1% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 6.41% of loans from 4.02% a year earlier. It earns about $0.03 a year on every $100 of assets, a small fraction of the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also carries problem assets equal to 22.2% of the capital and reserves that would absorb them, 8.4 times the median of 2.6% for banks its size.
Its $50 million commercial and industrial book is improving, with 4.76% past due or on nonaccrual, down from 11.78% a year earlier. The non-owner-occupied commercial real estate book ($61 million) is worsening: 9.33% of it is past due or on nonaccrual, up from 5.85% a year earlier. Costs are the weak spot: it spends about 77 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, Industrial Bank reported a CET1 capital ratio of 25.63%, a return on assets of 0.03%, a nonperforming-loan ratio of 6.56% and a Texas ratio of 22.20%. The figures come from its call report filed with the FFIEC.
Between Q1 2026 and Q2 2026, its total assets fell 0.1% to $774.2M, loans fell 0.8% and deposits fell 0.1%. Owner-occupied commercial real estate loans made up 24.4% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 23.8%. The FDIC Summary of Deposits lists 9 offices for it, in 5 cities across 4 states; its Washington 4 offices book 59% of its branch deposits. By the capital ratios in its Q2 2026 call report, Industrial Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 4812 Georgia Ave Nw, Washington, DC 20011
- County
- District Of Columbia
- Metro Area
- Washington-Arlington-Alexandria, DC-Va-MD-WV
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- August 18, 1934
- Former names
- Industrial Bank, National Association (1995-2007)
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 137
- Domestic deposits
- $607.0M
- Allowance for credit losses
- $13.0M
- Net charge-offs (YTD)
- $2.4M
- Average total assets
- $785.6M
- Average total loans
- $412.2M
- Average interest-bearing deposits
- $480.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 18, 1934
- FDIC Cert
- 14679
- Fed RSSD
- 536527
- SEC CIK
- 1013274 → filed by IBW FINANCIAL CORPORATION
- Website
- www.industrial-bank.com →
- Parent Holding Company
- IBW FINANCIAL CORPORATION (RSSD 2326179)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Industrial Bank's total assets ranged from $718.2M (Q1 2024) to $774.9M (Q1 2026), and it earned a profit in 8 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$774.2M total assets against $751.1M; $667.4M total liabilities against $646.9M.
$402.2M net loans and leases against $404.3M; $607.0M total deposits against $636.1M.
$283.8M securities against $256.1M; $35.1M cash and balances due against $42.1M.
$9.2M total interest income against $9.1M; $2.1M total interest expense against $2.4M.
$7.1M net interest income against $6.7M.
$1.7M total noninterest income against $1.4M; $6.8M total noninterest expense against $7.4M.
$1.9M provision for credit losses against $1.0M.
$50K net income against -$235K.
0.03% return on assets against -0.12%; 3.84% net interest margin against 3.95%.
25.63% CET1 capital ratio against 25.62%; 15.23% tier 1 leverage ratio against 15.35%.
Inside the full Industrial Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Industrial Bank rankings
Its closest position to the top of a national ranking is 126 of 3,640, for Texas Ratio; its furthest is 3,500 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.74% (Q1 2025) to 0.77% (Q3 2025) and its net interest margin ran from 3.45% (Q1 2025) to 3.95% (Q2 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 25.63% | 0.03% | 6.56% | 22.20% | 3.84% |
| Q1 2026 | 24.93% | 0.00% | 6.36% | 21.64% | 3.60% |
| Q4 2025 | 25.50% | -0.27% | 5.97% | 19.99% | 3.67% |
| Q3 2025 | 25.69% | 0.77% | 5.35% | 18.49% | 3.62% |
| Q2 2025 | 25.62% | -0.12% | 4.08% | 14.63% | 3.95% |
| Q1 2025 | 25.63% | -0.74% | 3.15% | 10.83% | 3.45% |
| Q4 2024 | 26.28% | 0.02% | 3.56% | 12.72% | 3.69% |
| Q3 2024 | 27.36% | 0.52% | 2.52% | 8.31% | 3.82% |
Swipe the table sideways to see every column.
Branch Network
View all 9 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Industrial Bank (main office) | Washington , DC | 20011 | $161.1M |
| U Street Branch | Washington , DC | 20001 | $137.2M |
| City National Bank of Nj Branch | Newark , NJ | 07102 | $75.8M |
| Forestville Branch | Forestville , MD | 20747 | $65.2M |
| Oxon Hill Branch | Oxon Hill , MD | 20745 | $44.3M |
| Northeast Branch Office | Washington , DC | 20019 | $37.5M |
| Parkview Branch Office | Newark , NJ | 07114 | $32.2M |
| Harlem Branch | New York , NY | 10035 | $30.8M |
| Anacostia Branch | Washington , DC | 20020 | $22.9M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| November 2, 2019 | Structure Change | Acquired City National Bank of New Jersey Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| November 1, 2019 | Merger | Participated in FDIC Assisted Merger | FDIC |
| June 11, 1994 | Structure Change | Acquired John Hanson Federal Savings Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| March 27, 1992 | Structure Change | Acquired The Theodore Roosevelt National Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| March 26, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 5 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 2 against the institution (OCC); 7 against individuals associated with it
- March 22, 2004, OCC: Formal Agreement: Industrial Bank, National Association
- April 21, 2003, OCC: Formal Agreement: Industrial Bank, National Association
- Period: Most recent institution action March 22, 2004. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.6% of deposits in DC, rank 17 of 30 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 122 applications, 43 loans originated, $38.0M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 6 loans, $3.9M approved, $651K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Industrial Bank
What are Industrial Bank's total assets?
As of the Q2 2026 filing, Industrial Bank reported total assets of $774.2 million in its FFIEC call report.
Where is Industrial Bank headquartered?
It is headquartered in Washington, DC, United States.
When was Industrial Bank founded?
It was established in 1934, per the FDIC institution directory.
Is Industrial Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14679). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Industrial Bank?
Industrial Bank's primary federal regulator is the FDIC.
What is Industrial Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 25.63% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Industrial Bank operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Industrial Bank's Texas Ratio?
Its Texas Ratio is 22.20% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Industrial Bank previously called?
The charter now named Industrial Bank has also operated as Industrial Bank, National Association (1995-2007), per FDIC structure-change records.
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