Charles Schwab Bank, SSB

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 $273 billion in assets. Customers can open an account at one of its 12 branches.

Deposit Rates - March 24, 2025

SAVINGS RATES	APY	MIN
SAV	0.15%	$0	Compare

CD RATES	APY	MIN
3 Mo CD	4.42%	$1,000	Compare
6 Mo CD	4.35%	$1,000	Compare
9 Mo CD	4.32%	$1,000	Compare
12 Mo CD	4.40%	$1,000	Compare
18 Mo CD	4.25%	$1,000	Compare
24 Mo CD	4.45%	$1,000	Compare

INT CHECKING RATES	APY	MIN
INTCK	0.45%	$0

Overview 2025

General Bank Information

FDIC Insured	Yes
FDIC Certificate	# 57450
Date Established	2003
Assets	$ 272.67 billion
Loans	$ 42.50 billion
Deposits	$ 222.17 billion
Capital	$ 19.61 billion

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions	$ 14.76 billion
Interest-bearing balances	$ 14.70 billion
Total securities	$ 207.35 billion
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 42.50 billion
Loan loss allowance	$ 20.00 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	$ 253.07 billion

LIABILITIES
Total deposits	$ 222.17 billion
Interest-bearing deposits	$ 221.97 billion
Deposits held in domestic offices	$ 222.17 billion
% insured (estimated)"	85.76%
Federal funds purchased and repurchase agreements	$ 7.50 billion
Trading liabilities	N.A.
Other borrowed funds	N.A.
Subordinated debt	N.A.
All other liabilities	$ 841.00 millionn
Total Liabilities	$ 253.07 billion
Shareholders’ Equity	$ 19.61 billion

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 5.06 billion
Total Interest Expense	$ 3.74 billion
Net interest income	$ 1,317.00 million
Provision for loan and lease losses	N.A.
Total non interest income	$ 23.00 million
Total non interest expense	$ 742.00 million
Pre-tax Net Operating Income	$ 2.05 billion

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Branches

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