# DISCOVER BANK
GREENWOOD, DE · FDIC certificate 5649 · asset band >$100B · latest filing 2025-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $145.41B | |
| Deposits | $114.28B | |
| Loans and leases | $117.40B | |
| Total equity | $14.22B | |
| Loans / deposits | 95.64% (p94 of band) | 70.68% |
| Liquid assets / assets | 21.88% (p9 of band) | |
| Uninsured deposits / deposits | 8.82% (p6 of band) | 39.18% |
| Brokered deposits | 10.17% | |
| Wholesale funding | 17.44% (p75 of band) | |
| FHLB advances / assets | 0.36% | |
| Tier 1 leverage | 9.71% (p56 of band) | 9.58% |
| Unrealized securities loss / equity | -5.27% (p84 of band) | -15.90% |
| AOCI / equity | 1.02% (p44 of band) | |
| ROA (annualized) | 2.90% (p97 of band) | 1.08% |
| Net interest margin | 10.63% (p97 of band) | 3.01% |
| Efficiency ratio | 34.15% (p22 of band) | |
| Noncurrent loans | 1.87% (p94 of band) | 0.96% |
| Net charge-offs (annualized) | 4.01% (p97 of band) | |
| Reserve coverage of noncurrent | 369.66% | |
| Real estate % of loans | 7% | |
| Construction % of loans | 0.00% (p9 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $53.9M (0% of equity) (p6 of band) | |
| Deposits YoY | 0.3% | |
| Employees | 13428 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | loans exceed deposits, brokered >10%, wholesale funding >15%, charge-offs p90 |  |
| 2011-06 | 4 |  |  |
| 2011-09 | 4 |  |  |
| 2011-12 | 5 | capital falling |  |
| 2012-03 | 4 |  | capital falling |
| 2012-06 | 4 |  |  |
| 2012-09 | 4 |  |  |
| 2012-12 | 4 |  |  |
| 2013-03 | 4 |  |  |
| 2013-06 | 4 |  |  |
| 2013-09 | 4 |  |  |
| 2013-12 | 4 |  |  |
| 2014-03 | 4 |  |  |
| 2014-06 | 4 |  |  |
| 2014-09 | 4 |  |  |
| 2014-12 | 5 | capital falling |  |
| 2015-03 | 4 |  | capital falling |
| 2015-06 | 4 |  |  |
| 2015-09 | 4 |  |  |
| 2015-12 | 4 |  |  |
| 2016-03 | 5 | capital falling |  |
| 2016-06 | 4 |  | capital falling |
| 2016-09 | 4 |  |  |
| 2016-12 | 5 | capital falling |  |
| 2017-03 | 5 |  |  |
| 2017-06 | 4 |  | capital falling |
| 2017-09 | 4 |  |  |
| 2017-12 | 5 | capital falling |  |
| 2018-03 | 5 |  |  |
| 2018-06 | 4 |  | capital falling |
| 2018-09 | 4 |  |  |
| 2018-12 | 5 | capital falling |  |
| 2019-03 | 5 |  |  |
| 2019-06 | 4 |  | capital falling |
| 2019-09 | 4 |  |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 6 | capital falling, losing money |  |
| 2020-06 | 7 | securities losses >30% of equity |  |
| 2020-09 | 3 |  | loans exceed deposits, capital falling, losing money, securities losses >30% of equity |
| 2020-12 | 4 | loans exceed deposits |  |
| 2021-03 | 3 |  | loans exceed deposits |
| 2021-06 | 4 | loans exceed deposits |  |
| 2021-09 | 6 | deposits shrinking, assets shrinking |  |
| 2021-12 | 4 |  | brokered >10%, assets shrinking |
| 2022-03 | 5 | capital falling, assets shrinking | deposits shrinking |
| 2022-06 | 5 | brokered >10% | assets shrinking |
| 2022-09 | 5 |  |  |
| 2022-12 | 6 | noncurrent p90 |  |
| 2023-03 | 7 | uninsured deposits leaving |  |
| 2023-06 | 5 |  | capital falling, noncurrent p90 |
| 2023-09 | 5 |  |  |
| 2023-12 | 6 | capital falling, noncurrent p90 | uninsured deposits leaving |
| 2024-03 | 5 |  | noncurrent p90 |
| 2024-06 | 4 |  | capital falling |
| 2024-09 | 4 |  |  |
| 2024-12 | 6 | capital falling, noncurrent p90 |  |
| 2025-03 | 5 |  | loans exceed deposits |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-08 [Discover® Bank Review 2026: Checking, Savings and CDs - NerdWallet](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE84SHdiSEgtSm0wNG8yZFAtRWJrVWJZLXd2azV5aHNkcFB3MWtXQU1GSVZoM1drUWY3bDUyeTIwcTdwZDhfd2dScnRidUYyNVE1OWFucjRpWmN4RVdLVHJzYzlNZExmbXc?oc=5) · NerdWallet
- 2026-09-01 [Best CD rates of September 2026: Earn up to 5.00% APY - CNBC](https://news.google.com/rss/articles/CBMiakFVX3lxTE05Rk8tUzJNSHB6LVlZZHZaYVAxZVVZWWVQWU4zQTZmb0Q5UEg3S2draXlqeC1DRjc5blAxZkJwbDM5NnlydGZEUjBaRjFhT2hucENzRGYxLWc2M2RqSGoxeHcwaURuSkF5VEHSAW9BVV95cUxOUks1LWZibHRZMEF3QVpWUllJZjVYTGJ0TV8yYnRsTnRuZ3NNbnFHQUtGUC1RcF9JOEhieExVLUNjbGZ6VUdEY09zY1hvSkdMMkd1RUh6UTB5TjhYd2ZNVEtyTk13OTdQM1ktbEVZTWM?oc=5) · CNBC
- 2026-03-24 [Discover Bank CD Rates - Forbes](https://news.google.com/rss/articles/CBMidEFVX3lxTE5abTl3bkZlZU1LSHdMSU5yR3JrdVRHckV3T0ZQQ0hUNF9UTlZKNGRhUVlBSm02aE5rcWJXSHlrYXl1OXVaN2dzUmNRYjl6djhYbHVGcFA0UmRPN2tWek5hcjY5aHRNQWRRVThCTS1EdFlCQjdW?oc=5) · Forbes
- 2026-01-06 [By the numbers: Abstracts of judgment; state and federal tax liens - Laredo Morning Times](https://news.google.com/rss/articles/CBMingFBVV95cUxPUDUxek40azJLSDRDYTE5NFV6WE5vQ2ZpWVZwbjBDSG5Tak1weDZTeWhGV0Q2cFFxdkFuTTlNSmRsR2ljNFdfUTB5TUN3RUhFZEVkWTg0cHhCcGpHRUpuN0xsU191WkpXM1VNdEkycGxuZHd1OG1ZUWZfMHAyR1dfRjZPc1hVcUhrRzVmT2NYeGRhQzRRQjNKNHBCSFFkUQ?oc=5) · Laredo Morning Times
- 2024-03-21 [Capital One-Discover: A Competition Policy and Regulatory Deep Dive - American Economic Liberties Project](https://news.google.com/rss/articles/CBMirgFBVV95cUxOQTd1emVLV21YRlNSMjljNnQ1X01veTFnX2lWNnhVNUNSbV9GU1pnTjY1UFl4Uld5elNrWVFSdkNwRE1pa1VST0ExTGREalJxOVlOVGhEN3NJTWlnRlJ3d1FBcHByTF8tUHdEYS14SFZVNUt5cGNZaHJjWEdLcU1SSVM1QjJFT1N0NThnbXpiY3JHd29QLXA1TDVOQk51dmtEUnRnLWNhRG9ZYlFLUlE?oc=5) · American Economic Liberties Project
- 2024-07-19 [Capital One-Discover deal critics, supporters sound off - Banking Dive](https://news.google.com/rss/articles/CBMiswFBVV95cUxOVm5hbVh6QUxpVHF3SGlTT1Izc0NKMHhZMWp6Y1dEd0JtX1ZFSDN4SXhTcm9URzNxZlhDRkhKajRpMUQ1ZEt4V3ZobmpscEFTWEFoZEdkcEtTSy1VNGVkWl9nLTBKeS1KdG5IOUhBbFFnenU2bC1qOFZzV1dyc0VsdkdTRy1tcm9NWHpSVTBqMUJ0TVJsRWo1UWVjQ2dzMHhBOVN4aEs5Q3kxUXRQeGNaWlFZZw?oc=5) · Banking Dive
- 2023-12-12 [MBNA veteran Rhodes named new Discover CEO - Delaware Business Times](https://news.google.com/rss/articles/CBMia0FVX3lxTE9rbUtJRmVZSnVMcjVaeE5sT3VDQ2FKU2RYeENZWkpWM2g2UDh0ci1LX0dHbUpOYzQ0aUlsNXpWYXR1TjRDY1FvSTRKYVk0X2QteUdFZUc4Qkh4TXlNVmtGazhaSjQyQXBEbW1B?oc=5) · Delaware Business Times
- 2025-05-08 [Discover Bank Review: Analysis of Services, Fees, and Benefits - Business Insider](https://news.google.com/rss/articles/CBMigwFBVV95cUxQV3R3VThQei1DMXF3NkttM1gzNmRhQnk1YnZnMlZkTU1SbXZkR2JPbG5HeUtPZ0pFblJfMG05c0R4UGMtMlZCeC03ck1xMHV1WXVmamJxcmk2YVRMYmFqR3U5UGtMeFVLR3JLM2FUaENkX0oxQm1qNno1Z29RMXhRb3pXMA?oc=5) · Business Insider

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=5649 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/17.json (key "5649", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide