Industrial Bank
Washington, District of Columbia, District Of Columbia County
$774M in total assets, the 1,313th largest of 4,309 US banks and 2nd of 4 headquartered in District of Columbia.
- FDIC certificate
- 14679
- Established
- 1934
- Owned by
- Ibw Financial Corp
- Primary regulator
- FDIC
- Website
- www.industrial-bank.com
At a glance
Compared with 2660 US banks with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $774M | 91% | $324M | |
| Loans | $415M | 80% | $210M | |
| Deposits | $607M | 88% | $275M | |
| Return on assets | 0.13% | 5% | 1.21% | |
| Net interest margin | 3.90% | 48% | 3.93% | |
| Efficiency ratio | 83.1% | 89% | 62.4% | |
| Equity to assets | 13.80% | 83% | 10.38% | |
| Loans to deposits | 68% | 26% | 81% |
Growth
Total assets grew 5.5% a year over the last 5 years and 6.8% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Nov 2019 | City National Bank of New Jersey Newark, NJ | $121M |
| Jun 1994 | John Hanson Federal Savings Bank Beltsville, MD | $113M |
| Mar 1992 | Theodore Roosevelt National Bank Washington, DC | $14M |
Where they operate
9 branches in 4 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| District Of Columbia County, DC | $359M | 0.6% | 17 of 34 |
| Prince George's County, MD | $110M | 0.8% | 13 of 16 |
| Essex County, NJ | $108M | 0.4% | 25 of 31 |
| New York County, NY | $31M | 0.0% | 74 of 83 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 1 branch since 2016 (8 to 9, +12.5%). 3 opened, 3 acquired, 5 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 8 | |||
| 2017 | Closed Washington | 0 | 1 | −1 | 7 |
| 2019 | Acquired City National Bank of New Jersey | 3 | 0 | +3 | 10 |
| 2020 | Closed Newark | 0 | 1 | −1 | 9 |
| 2021 | Closed Washington | 0 | 2 | −2 | 7 |
| 2022 | Opened Newark | 1 | 0 | +1 | 8 |
| 2023 | Opened Washington | 1 | 0 | +1 | 9 |
| 2026 through Q2 | Opened New YorkClosed New York | 1 | 1 | 0 | 9 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 39% | 25% | |
| 1-4 family residential | 24% | 32% | |
| Construction and land | 16% | 7% | |
| Business (C&I) | 12% | 11% | |
| Multifamily | 9% | 4% | |
| Consumer | 0% | 4% | |
| Farmland | 0% | 9% | |
| Agricultural | 0% | 6% | |
| Other | 0% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 52% | 45% | |
| Noninterest-bearing | 25% | 22% | |
| Time deposits | 23% | 33% |
Brokered deposits are 1.8% of deposits (peers 3.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 6.41% | 0.40% |
| Net charge-offs, annualized | 1.17% | 0.01% |
| Reserves to loans | 3.12% | 1.19% |
| Leverage ratio | 15.23% | 10.99% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in District of Columbia
Largest competitors in District Of Columbia County, DC
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/industrial