Charles Schwab Trust Bank

Charles Schwab Trust Bank is an FDIC insured institution headquartered at 3000 Schwab Way, Westlake, TX 76262.
It was founded in 2018 and has approximately $10 billion in assets. Customers can open an account at one of its 0 branches.

Deposit Rates - June 24, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 59108
Date Established 2018
Assets $ 10.22 billion
Loans N.A.
Deposits $ 9.52 billion
Capital $ 674.00 million

Summary Balance Sheet as of June 30, 2023

Cash & Balances due from depository institutions $ 1,235.00 million
Interest-bearing balances $ 1,200.00 million
Total securities $ 8.71 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases N.A.
Loan loss allowance N.A.
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 $ 222.00 million
     Total Assets $ 9.55 billion

Total deposits $ 9.52 billion
      Interest-bearing deposits $ 8.28 billion
      Deposits held in domestic offices $ 9.52 billion
      % insured (estimated) 95.85%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 28.00 millionn
      Total Liabilities $ 9.55 billion
      Shareholders’ Equity $ 674.00 million

Summary Income Statement as of June 30, 2023

Total Interest Income $ 309.00 million
Total Interest Expense $ 69.00 million
Net interest income $ 240.00 million
Provision for loan and lease losses N.A.
Total non interest income $ 112.00 million
Total non interest expense $ 103.00 million
Pre-tax Net Operating Income $ 83.00 million

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