Charles Schwab Bank, SSB ACH Number: 121202211
Charles Schwab Bank, SSB is an FDIC insured institution headquartered at
3000 Schwab Way, Westlake, TX 76262.
It was founded in
2003 and has approximately $305 billion in
assets. Customers can open an account at one of its 12 branches.
Deposit Rates - April 19, 2024
SAVINGS RATES
APY
MIN
SAV
0.48%
$0
Compare
INT CHECKING RATES
APY
MIN
INTCK
0.45%
$0
Loan Rates - April 19, 2024
MORTGAGE PURCHASE
APR(%)
MONTHLY PAYMENT
5 Year Adjustable Jumbo
7.94%
$2,136.28
5 Year Adjustable Conforming
7.96%
$2,185.79
7 Year Adjustable Jumbo
7.67%
$2,077.22
7 Year Adjustable Conforming
7.69%
$2,138.00
10 Year Adjustable Jumbo
7.40%
$2,015.26
10 Year Adjustable Conforming
7.68%
$2,107.31
15 Year Fixed Jumbo
7.07%
$2,755.10
15 Year Fixed Conforming
7.17%
$2,689.46
20 Year Fixed Conforming
6.84%
$2,317.20
MORTGAGE REFINANCE
APR(%)
MONTHLY PAYMENT
5 Year Adjustable Jumbo
7.94%
$2,136.28
5 Year Adjustable Conforming
7.96%
$2,185.79
7 Year Adjustable Jumbo
7.67%
$2,077.22
7 Year Adjustable Conforming
7.69%
$2,138.00
10 Year Adjustable Jumbo
7.40%
$2,015.26
10 Year Adjustable Conforming
7.68%
$2,107.31
15 Year Fixed Jumbo
7.07%
$2,755.10
15 Year Fixed Conforming
7.17%
$2,689.46
20 Year Fixed Conforming
7.38%
$2,554.08
30 Year Fixed Conforming
6.94%
$1,969.25
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 57450
Date Established
2003
Assets
$ 304.55 billion
Loans
$ 40.07 billion
Deposits
$ 257.58 billion
Capital
$ 16.08 billion
Summary Balance Sheet as of June 30, 2023
ASSETS
Cash & Balances due from depository institutions
$ 23.95 billion
Interest-bearing balances
$ 23.89 billion
Total securities
$ 231.86 billion
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 40.07 billion
Loan loss allowance
$ 38.00 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
$ 17.00 million
All other assets
$ 6.80 billion
Total Assets
$ 288.47 billion
LIABILITIES
Total deposits
$ 257.58 billion
Interest-bearing deposits
$ 257.35 billion
Deposits held in domestic offices
$ 257.58 billion
% insured (estimated)
86.93%
Federal funds purchased and repurchase agreements
$ 4.51 billion
Trading liabilities
N.A.
Other borrowed funds
N.A.
Subordinated debt
N.A.
All other liabilities
$ 841.00 millionn
Total Liabilities
$ 288.47 billion
Shareholders’ Equity
$ 16.08 billion
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES
Total Interest Income
$ 7.67 billion
Total Interest Expense
$ 5.07 billion
Net interest income
$ 2.61 billion
Provision for loan and lease losses
N.A.
Total non interest income
$ 19.00 million
Total non interest expense
$ 1,408.00 million
Pre-tax Net Operating Income
$ 2.05 billion
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