TIAA-CREF Trust Company, FSB (merged into EverBank)
TIAA-CREF Trust Company, FSB reported total assets of $4.8 bn at Q1 2017, its last Call Report before it merged into EverBank. The CET1 capital ratio at TIAA-CREF Trust Company, FSB was 20.93%, and the uninsured share of TIAA-CREF Trust Company, FSB was 14.68%. Source: FDIC Call Reports.
What sets TIAA-CREF Trust Company, FSB apart
Nothing in the latest data sets TIAA-CREF Trust Company, FSB 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 TIAA-CREF Trust Company, FSB?
The balance sheet of TIAA-CREF Trust Company, FSB at : assets $4.8 bn, deposits $3.9 bn, net loans $3.6 bn (loans equal to 92.40% of deposits). Securities make up 15.7% of total assets at TIAA-CREF Trust Company, FSB. Since , when TIAA-CREF Trust Company, FSB held $3.7 bn, its assets grew 31.4%. In the year to , deposits at TIAA-CREF Trust Company, FSB rose 46.1% while its total assets rose 31.4%. At , TIAA-CREF Trust Company, FSB employed 394 full-time equivalent staff across 1 office, about $12.2 mn of assets per employee and $3.9 bn of deposits per office.
How much funding at TIAA-CREF Trust Company, FSB is uninsured?
At TIAA-CREF Trust Company, FSB, uninsured deposits (above the FDIC limit) made up 14.68% of domestic deposits at (+3.55 pp on a year earlier). In dollars, TIAA-CREF Trust Company, FSB estimated $573.6 mn of uninsured deposits.
Key facts, Q1 2017
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.9 bn | $2.7 bn (Q1 2016) | |
| Net loans and leases | $3.6 bn | $2.9 bn (Q1 2016) | |
| Loan-to-deposit ratio | 92.40% | 107.49% (Q1 2016) | |
| Tier 1 leverage ratio | 12.34% | 13.29% (Q1 2016) | |
| Total risk-based capital ratio | 22.19% | 23.45% (Q1 2016) | |
| Net interest margin | 2.12% | 2.00% (Q1 2016) | |
| Return on assets (ROA) | 0.62% | -0.44% (Q1 2016) | |
| Efficiency ratio | 81.45% | 100.73% (Q1 2016) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $85,000 | Widened by $61,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $12.0 mn | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 0.04% | 0.06% (Q1 2016) | |
| Net charge-offs to average loans | 0.01% | 0.00% (Q1 2016) |
US rank of TIAA-CREF Trust Company, FSB: 1 = highest unless marked 1 = lowest.
Balance sheet
TIAA-CREF Trust Company, FSB: assets, deposits and loans
- Total assets $4.8bn
- Deposits $3.9bn
- Net loans $3.6bn
Capital and securities
The CET1 ratio of TIAA-CREF Trust Company, FSB stood at 20.93% in , -1.26 pp year on year. Low and high at TIAA-CREF Trust Company, FSB since : 20.53% () to 22.19% (). Equity capital of TIAA-CREF Trust Company, FSB at : $569.4 mn, or 11.8% of total assets. TIAA-CREF Trust Company, FSB also reported a total capital ratio of 22.19% for , and a tier 1 leverage ratio of 12.34%.
On held-to-maturity securities, TIAA-CREF Trust Company, FSB carried an unrealized loss of $85,000 at , equal to 0.0% of equity capital. The loss widened by $61,000 over the year. Its deepest point: $118,000 in . The available-for-sale portfolio of TIAA-CREF Trust Company, FSB showed an unrealized loss of $12.0 mn at ; the loss turned from a gain into a loss over the year.
TIAA-CREF Trust Company, FSB: capital ratios
- Total capital 22%
- CET1 21%
- Tier 1 leverage 12%
TIAA-CREF Trust Company, FSB: unrealized securities gains and losses
- Available for sale -$12mn
- Held to maturity -$85,000
Profitability and loan quality
For the year to , TIAA-CREF Trust Company, FSB earned a return on equity of 5.13%; return on assets: 0.62%. Net interest margin at TIAA-CREF Trust Company, FSB: 2.12%, +0.12 pp in a year. TIAA-CREF Trust Company, FSB net income: $7.3 mn, down 284.1% year on year. The efficiency ratio of TIAA-CREF Trust Company, FSB was 81.45%: about 81 cents cost per revenue dollar, against 68 cents at the median peer.
At , noncurrent loans were 0.04% of total loans at TIAA-CREF Trust Company, FSB; net charge-offs: 0.01% of average loans. Gross loans and leases at TIAA-CREF Trust Company, FSB: $3.6 bn at , against $2.9 bn at .
TIAA-CREF Trust Company, FSB: profitability
- Return on equity 5.1%
- Net interest margin 2.1%
- Return on assets 0.6%
Peer group of TIAA-CREF Trust Company, FSB
The peer group of TIAA-CREF Trust Company, FSB is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of TIAA-CREF Trust Company, FSB (federal savings bank) and 0 have head offices in Missouri. Against them, TIAA-CREF Trust Company, FSB shows CET1 ratio 20.93% against a peer median of 13.57%, return on equity 5.13% against a peer median of 10.26% and uninsured deposit share 14.68% against a peer median of 26.70%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Woodforest National Bank | National bank | TX | $5.1 bn | 11.77% | 19.77% | 21.77% | |
| TrustCo Bank | Federal savings bank | NY | $4.9 bn | 17.34% | 10.53% | 10.80% | |
| Intrust Bank | National bank | KS | $4.9 bn | 10.79% | 16.11% | 39.39% | |
| TIAA-CREF Trust Company, FSB | Federal savings bank | MO | $4.8 bn | 20.93% | 5.13% | 14.68% | |
| Hanmi Bank | State nonmember bank | CA | $4.8 bn | 15.07% | 9.99% | 35.74% | |
| Kearny Bank | State-chartered stock savings bank | NJ | $4.8 bn | 23.10% | 1.94% | 19.79% | |
| Seacoast National Bank | National bank | FL | $4.8 bn | 12.08% | 6.54% | 31.63% | |
. FDIC Call Reports.
Last eight quarters
Two years at TIAA-CREF Trust Company, FSB, to : assets $3.7 bn to $4.8 bn, deposits $2.7 bn to $3.9 bn, equity $476.5 mn to $569.4 mn. Staff 353 to 394.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 |
|---|---|---|---|---|---|
| Total assets | $3.7 bn | $4.0 bn | $4.3 bn | $4.5 bn | $4.8 bn |
| Total deposits | $2.7 bn | $2.8 bn | $3.4 bn | $3.6 bn | $3.9 bn |
| Bank equity capital | $476.5 mn | $502.1 mn | $540.1 mn | $561.4 mn | $569.4 mn |
| CET1 ratio | 22.19% | 20.53% | 20.88% | 20.99% | 20.93% |
| Return on equity (ROE) | -3.41% | -3.46% | -1.65% | 0.89% | 5.13% |
| Uninsured share of domestic deposits | 11.14% | 14.05% | 14.64% | 14.45% | 14.68% |
| Full-time equivalent employees | 353 | 372 | 374 | 382 | 394 |
| Number of offices | 1 | 1 | 1 | 1 | 1 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of TIAA-CREF Trust Company, FSB, oldest first; figures before and after each event are not like for like.
- . Merged into EverBank (FDIC certificate 34775).
Questions and identifiers
What were the total assets of TIAA-CREF Trust Company, FSB?
TIAA-CREF Trust Company, FSB reported $4.8 bn at in its Call Report.
Is TIAA-CREF Trust Company, FSB the same as its holding company?
No. This page covers TIAA-CREF Trust Company, FSB, FDIC certificate 34723; TIAA BOARD OF OVERSEERS (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is TIAA-CREF Trust Company, FSB profitable?
TIAA-CREF Trust Company, FSB reported net income of $7.3 mn for the year to ; annualized return on equity: 5.13%. So yes: TIAA-CREF Trust Company, FSB made a profit over these months.
When is data for TIAA-CREF Trust Company, FSB next updated?
TIAA-CREF Trust Company, FSB no longer files Call Reports; its data ends at .
Where can I check the figures for TIAA-CREF Trust Company, FSB?
In the FDIC BankFind Suite record for certificate 34723, and in the Call Reports of TIAA-CREF Trust Company, FSB (RSSD ID 2716547) at the FFIEC Central Data Repository.