Charles Schwab Bank, SSB

Headquarters

3000 Schwab Way
Westlake, TX 76262
See all branch locations →

Phone 888 403 9000

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD N.A. 1.05% →
2-Year CD N.A. 1.11% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage 4.41% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Charles Schwab Bank, SSB is an FDIC insured institution located in Westlake, TX. It was founded in 2003 and has approximately $270.25 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 57450
Date Established 2003
Assets $ 270.25 billion
Loans $ 19.63 billion
Deposits $ 247.44 billion
Capital $ 18.86 billion
 

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

Deposit Rates - August 9, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
High Yield Investor Savings Account
0.05% $0 - Learn More


Checking Rates APY MIN FEE
High Yield Investor Checking 0.10% $0 $0.00 Learn MoreShow Less

Loan Rates - August 9, 2020

Your Current Location: Virginia, VA 20146

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, SSB 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, SSB Locations


Financial Details

Charles Schwab Bank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Charles Schwab Bank, SSB. 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, SSB U.S. Bank Average
0.13% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, Charles Schwab Bank, SSB had $23,000,000 in non-current loans and $1,000,000 in owned real estate. To cover these potential losses it had $18,862,000,000 in equity and $29,000,000 in loans loss reserves. That gives it a Texas Ratio of 0.13%.

Return on Equity
Charles Schwab Bank, SSB U.S. Bank Average
16.31% 7.80%

Charles Schwab Bank, SSB has a Return on Equity of 16.31% versus the BestCashCow average of 7.80%. 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, SSB U.S. Bank Average
6.98% 12.68%

Charles Schwab Bank, SSB has a Capitalization of 6.98% versus the BestCashCow average of 12.68. 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, SSB Balance Sheet Analysis

As of March 31, 2020, Charles Schwab Bank, SSB had assets of $270,245,000,000, loans of $19,628,000,000, and deposits of $247,436,000,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 55.04 billion
Interest-bearing balances $ 55.01 billion
Total securities $ 194.08 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 19.63 billion
Loan loss allowance $ 29.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.00 million
Goodwill and other intangibles $ 17.00 million
All other assets $ 1,473.00 million
     Total Assets $ 251.38 billion
LIABILITIES
Total deposits $ 247.44 billion
      Interest-bearing deposits $ 247.42 billion
      Deposits held in domestic offices $ 247.44 billion
      % insured (estimated) 77.17%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 3.95 billion
      Total Liabilities $ 251.38 billion
      Shareholders’ Equity $ 18.86 billion

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1,254.00 million
Total Interest Expense $ 48.00 million
Net interest income $ 1,206.00 million
Provision for loan and lease losses $ 10.00 million
Total non interest income N.A.
Total non interest expense $ 289.00 million
Pre-tax Net Operating Income $ 900.00 million

Bank Loan Profile?

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

Compared to other banks in Texas, Charles Schwab Bank, SSB 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 70.64
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 6.08
Farm Loans 0.00

Frequently Asked Questions About Charles Schwab Bank, Ssb

Branches and Savings

Is Charles Schwab Bank, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #57450.

Why does Charles Schwab Bank, Ssb 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, Ssb CD rates not competitive?

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

Is Charles Schwab Bank, Ssb a commercial bank?

Yes

Where are Charles Schwab Bank, Ssb locations?

See branch locations nearby.

Is Charles Schwab Bank, Ssb open on Saturdays?

Is Charles Schwab Bank, Ssb open on Sundays?

What time does Charles Schwab Bank, Ssb open?

What time does Charles Schwab Bank, Ssb close?

Are Charles Schwab Bank, Ssb ATMs Open 24/7?

Do Charles Schwab Bank, Ssb ATMs accept cash deposits?

Can Charles Schwab Bank, Ssb customers use other ATMs?

Do Charles Schwab Bank, Ssb branches have notaries?

Will Charles Schwab Bank, Ssb notarize my document?

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

Will the Charles Schwab Bank, Ssb branch print checks?

Do Charles Schwab Bank, Ssb checks expire?

Does Charles Schwab Bank, Ssb require US citizenship to open account?

Can Charles Schwab Bank, Ssb close my account?

Does Charles Schwab Bank, Ssb Report to credit bureaus?

Does Charles Schwab Bank, Ssb Use Equifax?

What is Charles Schwab Bank, Ssb's ACH Routing Number?

What is Charles Schwab Bank, Ssb's SWIFT code?

Products

Does Charles Schwab Bank, Ssb offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Charles Schwab Bank, Ssb offer personal loans?

Compare personal loan rates here.

Does Charles Schwab Bank, Ssb offer student loans?

Will Charles Schwab Bank, Ssb cash a check?

Will Charles Schwab Bank, Ssb redeem a savings bond?

kenbeckyreese@icloud.com | Feb 12, 2020

WILL YOU CASH MY EE SAVINGS BONDS? PLEASE ADVSE.

Southmaininc@gmail.com | May 18, 2019

Does schwab cash out savings bonds

Does Charles Schwab Bank, Ssb cash savings bonds?

KENBECKYREESE@ICLOUD.COM | Feb 12, 2020

WILL YOU CASH MY EE SAVINGS BONDS

KENBECKYREESE@ICLOUD.COM | Feb 12, 2020

WILL YOU CASH MY EE SAVINGS BONDS

Will Charles Schwab Bank, Ssb cash money orders?

Can Charles Schwab Bank, Ssb issue a money order?

Does Charles Schwab Bank, Ssb do currency exchange?

Background on The Bank

Who owns Charles Schwab Bank, Ssb?

How long has Charles Schwab Bank, Ssb been around?

Can Charles Schwab Bank, Ssb transfer to other banks?

Does Charles Schwab Bank, Ssb have quick pay?

Does Charles Schwab Bank, Ssb accept rolled coins?

Will Charles Schwab Bank, Ssb accept loose change?

Where is Charles Schwab Bank, Ssb headquarters?

Customer Reviews for Charles Schwab Bank, SSB


  • February 12, 2020

    WILL YOU CASH MY EE SAVINGS BONDS? PLEASE ADVISE.

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