Charles Schwab Bank

2360 Corporate Circle Suite 400
Henderson, NV 89074

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57450
Date Established 2003
Assets $207.85 billion
Loans $16.65 billion
Deposits $190.94 billion
Capital $14.35 billion

Charles Schwab Bank is an FDIC insured institution located in Henderson, NV. It was founded in 2003 and has approximately $207.85 billion in assets. Customers can open an account at one of its 12 branches.

For a more detailed analysis of Charles Schwab Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Charles Schwab Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Multifamily Mortgages.

Compared to other banks in Nevada, Charles Schwab Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 71.23
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 6.57
Farm Loans 0.00

Deposit Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

There are currently no rates available for Charles Schwab Bank, but see these great savings and CD rates:

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Loan Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Charles Schwab Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Charles Schwab Bank Locations

Financial Details

Charles Schwab Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Charles Schwab Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Charles Schwab Bank U.S. Bank Average
0.18% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2018, Charles Schwab Bank had $24,000,000 in non-current loans and $2,000,000 in owned real estate. To cover these potential losses it had $14,352,000,000 in equity and $26,000,000 in loans loss reserves. That gives it a Texas Ratio of 0.18%.

Return on Equity
Charles Schwab Bank U.S. Bank Average
21.18% 9.77%

Charles Schwab Bank has a Return on Equity of 21.18% versus the BestCashCow average of 9.77%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Charles Schwab Bank U.S. Bank Average
6.91% 12.31%

Charles Schwab Bank has a Capitalization of 6.91% versus the BestCashCow average of 12.31. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Charles Schwab Bank Balance Sheet Analysis

As of June 30, 2018, Charles Schwab Bank had assets of $207,848,000,000, loans of $16,645,000,000, and deposits of $190,937,000,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $11.59 billion
Interest-bearing balances $11.54 billion
Total securities $178.49 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $16.65 billion
Loan loss allowance $0.03 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.02 billion
All other assets $1.11 billion
     Total Assets $193.50 billion
LIABILITIES
Total deposits $190.94 billion
      Interest-bearing deposits $190.30 billion
      Deposits held in domestic offices $190.94 billion
      % insured (estimated) 77.77%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $2.56 billion
      Total Liabilities $193.50 billion
      Shareholders’ Equity $14.35 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $2.38 billion
Total Interest Expense $0.23 billion
Net interest income $2.15 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.06 billion
Total non interest expense $0.29 billion
Pre-tax Net Operating Income $1.93 billion

Frequently Asked Questions About Charles Schwab Bank

Branches and Savings

Is Charles Schwab Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57450.

Why does Charles Schwab Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Charles Schwab Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Charles Schwab Bank a commercial bank?

Yes

Where are Charles Schwab Bank locations?

See branch locations nearby.

Is Charles Schwab Bank open on Saturdays?

Is Charles Schwab Bank open on Sundays?

What time does Charles Schwab Bank open?

What time does Charles Schwab Bank close?

Are Charles Schwab Bank ATMs Open 24/7?

Do Charles Schwab Bank ATMs accept cash deposits?

Can Charles Schwab Bank customers use other ATMs?

Do Charles Schwab Bank branches have notaries?

Will Charles Schwab Bank notarize my document?

What address for Charles Schwab Bank should I put for incoming ACH transfers?

Will the Charles Schwab Bank branch print checks?

Do Charles Schwab Bank checks expire?

Does Charles Schwab Bank require US citizenship to open account?

Can Charles Schwab Bank close my account?

Does Charles Schwab Bank Report to credit bureaus?

Does Charles Schwab Bank Use Equifax?

What is Charles Schwab Bank's ACH Routing Number?

What is Charles Schwab Bank's SWIFT code?

Products

Does Charles Schwab Bank offer mortgages?

Compare mortgage rates here.

Does Charles Schwab Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Charles Schwab Bank offer personal loans?

Compare personal loan rates here.

Does Charles Schwab Bank offer student loans?

Will Charles Schwab Bank cash a check?

Will Charles Schwab Bank redeem a savings bond?

Does Charles Schwab Bank cash savings bonds?

Will Charles Schwab Bank cash money orders?

Can Charles Schwab Bank issue a money order?

Does Charles Schwab Bank do currency exchange?

Background on The Bank

Who owns Charles Schwab Bank?

How long has Charles Schwab Bank been around?

Can Charles Schwab Bank transfer to other banks?

Does Charles Schwab Bank have quick pay?

Does Charles Schwab Bank accept rolled coins?

Will Charles Schwab Bank accept loose change?

Where is Charles Schwab Bank headquarters?

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