Charles Schwab Bank
2360 Corporate Circle Suite 400
Henderson, NV 89074
Phone: 888 403 9000
2019 Overview
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 57450 |
| Date Established | 2003 |
| Assets | $214.53 billion |
| Loans | $16.73 billion |
| Deposits | $195.29 billion |
| Capital | $15.87 billion |
Charles Schwab Bank is an FDIC insured institution located in Henderson, NV. It was founded in 2003 and has approximately $214.53 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.
Deposit Rates - October 21, 2019
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| High Yield Investor Savings Account
|
0.23% | $0 | - | Learn More |
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| High Yield Investor Checking | 0.10% | $0 | $0.00 | Learn More |
Loan Rates - October 21, 2019
Your Current Location: Connecticut, CT 06828
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit | 5.74% | 5.74% | Varies | |
Compare with 0 RATE Line of Credit from Figure Home Equity Line
See All Home Equity Rates |
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| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year Adjustable Conforming | 3.91% | 3.13% | $1,071.62 | |
| 5 Year Adjustable Jumbo | 3.88% | 3.13% | $1,071.62 | |
| 7 Year Adjustable Conforming | 3.78% | 3.13% | $1,071.62 | |
| 7 Year Adjustable Jumbo | 3.81% | 3.25% | $1,088.02 | |
| 10 Year Adjustable Conforming | 3.77% | 3.38% | $1,105.93 | |
| 10 Year Adjustable Jumbo | 3.74% | 3.38% | $1,105.93 | |
| 15 Year Fixed Jumbo | 3.30% | 3.25% | $1,756.67 | |
| 15 Year Fixed Conforming | 4.41% | 4.25% | $1,880.70 | |
| 20 Year Fixed Conforming | 4.36% | 4.25% | $1,548.09 | |
| 30 Year Fixed Conforming | 4.85% | 4.75% | $1,304.12 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year Adjustable Conforming | 3.91% | 3.13% | $1,071.62 | |
| 5 Year Adjustable Jumbo | 3.88% | 3.13% | $1,071.62 | |
| 7 Year Adjustable Conforming | 3.78% | 3.13% | $1,071.62 | |
| 7 Year Adjustable Jumbo | 3.81% | 3.25% | $1,088.02 | |
| 10 Year Adjustable Conforming | 3.77% | 3.38% | $1,105.93 | |
| 10 Year Adjustable Jumbo | 3.74% | 3.38% | $1,105.93 | |
| 15 Year Fixed Jumbo | 3.30% | 3.25% | $1,756.67 | |
| 15 Year Fixed Conforming | 4.41% | 4.25% | $1,880.70 | |
| 20 Year Fixed Conforming | 4.36% | 4.25% | $1,548.09 |
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:
Fairfield,Connecticut
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 |
|---|---|
| 0.13% | 6.77% |
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, 2019, Charles Schwab Bank had $18,000,000 in non-current loans and $2,000,000 in owned real estate. To cover these potential losses it had $15,870,000,000 in equity and $18,000,000 in loans loss reserves. That gives it a Texas Ratio of 0.13%.
Return on Equity
| Charles Schwab Bank | U.S. Bank Average |
|---|---|
| 22.85% | 9.50% |
Charles Schwab Bank has a Return on Equity of 22.85% versus the BestCashCow average of 9.50%. 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 |
|---|---|
| 7.4% | 12.76% |
Charles Schwab Bank has a Capitalization of 7.4% versus the BestCashCow average of 12.76. 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, 2019, Charles Schwab Bank had assets of $214,529,000,000, loans of $16,725,000,000, and deposits of $195,292,000,000. 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, 2019| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $20.72 billion |
| Interest-bearing balances | $20.68 billion |
| Total securities | $175.86 billion |
| Federal funds sold and reverse repurchase | $0.00 billion |
| Net loans and leases | $16.73 billion |
| Loan loss allowance | $0.02 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 | $1.20 billion |
| Total Assets | $198.66 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $195.29 billion |
| Interest-bearing deposits | $194.55 billion |
| Deposits held in domestic offices | $195.29 billion |
| % insured (estimated) | 80.40% |
| 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 | $3.37 billion |
| Total Liabilities | $198.66 billion |
| Shareholders’ Equity | $15.87 billion |
Summary Income Statement
June 30, 2019| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $2.98 billion |
| Total Interest Expense | $0.42 billion |
| Net interest income | $2.56 billion |
| Provision for loan and lease losses | $-0.00 billion |
| Total non interest income | $0.04 billion |
| Total non interest expense | $0.26 billion |
| Pre-tax Net Operating Income | $2.35 billion |
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 | 70.52 | ✓ | ||
| 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 | 6.96 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
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
Is Charles Schwab Bank open on Saturdays?
Is Charles Schwab Bank open on Sundays?
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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?
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Products
Does Charles Schwab Bank offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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