Scottrade Bank (merged into TD Bank)

What sets Scottrade Bank apart

Nothing in the latest data sets Scottrade Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.

How large is Scottrade Bank?

The balance sheet of Scottrade Bank at Q2 2017: assets $17.0 bn, deposits $15.6 bn, net loans $4.3 bn (loans equal to 27.69% of deposits). Securities make up 71.9% of total assets at Scottrade Bank. Since Q1 2016, when Scottrade Bank held $15.9 bn, its assets grew 6.8%. In the year to Q2 2017, deposits at Scottrade Bank rose 6.3% while its total assets rose 6.2%. At Q2 2017, Scottrade Bank employed 143 full-time equivalent staff across 1 office, about $118.9 mn of assets per employee and $15.6 bn of deposits per office.

How much funding at Scottrade Bank is uninsured?

At Scottrade Bank, uninsured deposits (above the FDIC limit) made up 12.78% of domestic deposits at Q2 2017 (+1.15 pp on a year earlier). In dollars, Scottrade Bank estimated $2.0 bn of uninsured deposits.

Key facts, Q2 2017

US rank of Scottrade Bank: 1 = highest unless marked 1 = lowest.

The CET1 ratio of Scottrade Bank stood at 26.07% in Q2 2017, +2.31 pp year on year. Low and high at Scottrade Bank since Q1 2016: 23.52% (Q1 2016) to 26.07% (Q2 2017). Equity capital of Scottrade Bank at Q2 2017: $1.4 bn, or 8.0% of total assets. Scottrade Bank also reported a total capital ratio of 26.49% for Q2 2017, and a tier 1 leverage ratio of 7.95%.

The available-for-sale portfolio of Scottrade Bank showed an unrealized loss of $2.9 mn at Q2 2017; the loss turned from a gain into a loss over the year.

For the year to Q2 2017, Scottrade Bank earned a return on equity of 17.52%; return on assets: 1.35%. Net interest margin at Scottrade Bank: 1.45%, -0.03 pp in a year. Scottrade Bank net income: $114.8 mn, up 40.1% year on year. The efficiency ratio of Scottrade Bank was 30.70%: about 31 cents cost per revenue dollar, against 64 cents at the median peer.

At Q2 2017, noncurrent loans were 0.34% of total loans at Scottrade Bank; net charge-offs: 0.01% of average loans. Gross loans and leases at Scottrade Bank: $4.3 bn at Q2 2017, against $3.3 bn at Q2 2016.

The peer group of Scottrade Bank is the 6 banks nearest to it by total assets at Q2 2017: 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Scottrade Bank (federal savings bank) and 0 have head offices in Missouri. Against them, Scottrade Bank shows CET1 ratio 26.07% against a peer median of 13.55%, return on equity 17.52% against a peer median of 9.12% and uninsured deposit share 12.78% against a peer median of 25.14%.

The FDIC history of Scottrade Bank, oldest first; figures before and after each event are not like for like.

1. 18 September 2017. Merged into TD Bank, National Association (FDIC certificate 18409).