Charter Bank


809 Saint Michaels Drive
Santa Fe, NM 87505
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Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Charter Bank is an FDIC insured institution located in Santa Fe, NM. It was founded in 1986 and has approximately $1.2 billion in assets.

Charter Bank, Santa Fe, New Mexico, was closed January 22, 2010 by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Charter Bank, Albuquerque, New Mexico, a newly-chartered federal savings bank and a subsidiary of Beal Financial Corporation, Plano, Texas, to assume all of the deposits of Charter Bank.

FDIC Insured Yes
FDIC Certificate # 32498
Date Established 1986
Assets $ 1,201.92 million
Loans $ 711.84 million
Deposits $ 859.93 million
Capital N.A.

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

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Charter Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
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Note to Charter Bank
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Financial Details

Charter Bank Ratio Analysis

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

Texas Ratio
Charter Bank U.S. Bank Average
317.8% 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, Charter Bank had $89,099,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $-27,809,000 in equity and $55,845,000 in loans loss reserves. That gives it a Texas Ratio of 317.8%.

Return on Equity
Charter Bank U.S. Bank Average
-213.71% 7.80%

Charter Bank has a Return on Equity of -213.71% 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.

Charter Bank U.S. Bank Average
-2.31% 12.68%

Charter Bank has a Capitalization of -2.31% 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.

Charter Bank Balance Sheet Analysis

As of November 30, -0001, Charter Bank had assets of $1,201,922,000, loans of $711,843,000, and deposits of $859,933,000. 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
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 711.84 million
Loan loss allowance $ 55.85 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 859.93 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 1,201.92 million

Summary Income Statement

March 31, 2020
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Charter Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Charter Bank’s loan portfolio does not show any specific loan specialty.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 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 0.00
Farm Loans 0.00

Frequently Asked Questions About Charter Bank

Branches and Savings

Is Charter Bank FDIC insured?

Yes. It is covered under FDIC Certificate #32498.

Why does Charter Bank pay such low interest on savings accounts?

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

Why are Charter Bank CD rates not competitive?

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

Is Charter Bank a commercial bank?


Where are Charter Bank locations?

See branch locations nearby.

Is Charter Bank open on Saturdays?

Is Charter Bank open on Sundays?

What time does Charter Bank open?

What time does Charter Bank close?

Are Charter Bank ATMs Open 24/7?

Do Charter Bank ATMs accept cash deposits?

Can Charter Bank customers use other ATMs?

Do Charter Bank branches have notaries?

Will Charter Bank notarize my document?

What address for Charter Bank should I put for incoming ACH transfers?

Will the Charter Bank branch print checks?

Do Charter Bank checks expire?

Does Charter Bank require US citizenship to open account?

Can Charter Bank close my account?

Does Charter Bank Report to credit bureaus?

Does Charter Bank Use Equifax?

What is Charter Bank's ACH Routing Number?

What is Charter Bank's SWIFT code?


Does Charter Bank offer mortgages?

Compare mortgage rates here.

Does Charter Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Charter Bank offer personal loans?

Compare personal loan rates here.

Does Charter Bank offer student loans?

Will Charter Bank cash a check?

Will Charter Bank redeem a savings bond?

Does Charter Bank cash savings bonds?

Will Charter Bank cash money orders?

Can Charter Bank issue a money order?

Does Charter Bank do currency exchange?

Background on The Bank

Who owns Charter Bank?

How long has Charter Bank been around?

Can Charter Bank transfer to other banks?

Does Charter Bank have quick pay?

Does Charter Bank accept rolled coins?

Will Charter Bank accept loose change?

Where is Charter Bank headquarters?

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