Charles Schwab Premier Bank, SSB


Charles Schwab Premier Bank, SSB is an FDIC insured institution headquartered at 3000 Schwab Way, Westlake, TX 76262.
It was founded in 1991 and has approximately $25 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - December 21, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 33497
Date Established 1991
Assets $ 25.49 billion
Loans $ 823.00 million
Deposits $ 20.20 billion
Capital $ 1,848.00 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 896.00 million
Interest-bearing balances $ 896.00 million
Total securities $ 23.11 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 823.00 million
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 $ 1.00 million
All other assets $ 585.00 million
     Total Assets $ 23.64 billion

LIABILITIES
Total deposits $ 20.20 billion
      Interest-bearing deposits $ 20.20 billion
      Deposits held in domestic offices $ 20.20 billion
      % insured (estimated) 98.25%
Federal funds purchased and repurchase agreements $ 1,995.00 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 49.00 millionn
      Total Liabilities $ 23.64 billion
      Shareholders’ Equity $ 1,848.00 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 309.00 million
Total Interest Expense $ 124.00 million
Net interest income $ 185.00 million
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense $ 40.00 million
Pre-tax Net Operating Income $ 191.00 million

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Branches

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Charles Schwab Premier Bank, SSB Locations