$2.5B
total assets, June 30, 2007
NetBank was a savings bank in Alpharetta, GA. It failed on Sep 28, 2007, and Ing Bank, FSB took over its deposits. At its last report it held $2.5 billion in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2007
This bank failed
- Failed on
- Sep 28, 2007
- Assets
- $2.5B
- Deposits
- $2.3B
- Estimated cost
- $120M
- Deposits went to
- Ing Bank, FSB, Wilmington, DE
Total assets
$2.5B
-40.4% in a year · -23.9% in a quarter
Deposits
$2.3B
-16.0% in a year · -11.4% in a quarter
Loans
$1.7B
-45.3% in a year · -17.4% in a quarter
Profit so far
-$157M
Jan 1 to Jun 30, 2007
Capital ratio
2.55%
-4.22 pts in a year
Return on assets
-10.05%
-8.32 pts in a year
Facts
- Type
- Savings bank
- Head office
- 1015 Windward Ridge Parkway, Alpharetta, GA, 30005
- County
- Forsyth
- Established
- Mar 21, 1988
- Failed
- Sep 28, 2007
- Employees
- 1,229
- Branches
- 1
- Id
- b32575
Quarter by quarter
June 30, 1988 to June 30, 2007
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is NetBank?
$2.5 billion in total assets and $2.3 billion in deposits as of June 30, 2007, with assets down 40.4% from a year before. Its loans were $1.7 billion.
How many branches does NetBank have?
1 branch in Georgia as of June 30, 2026.
Is NetBank profitable?
No: it lost $156.9 million from January 1 to June 30, 2007. Its return on assets was -10.05% a year; about 1% is typical.
When did NetBank fail?
Sep 28, 2007. Ing Bank, FSB of Wilmington, DE took over its deposits. The estimated cost of the failure was $119.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.