Charles Schwab Trust Bank

Headquarters

3000 Schwab Way
Westlake, TX 76262
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.65% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Charles Schwab Trust Bank is an FDIC insured institution located in Westlake, TX. It was founded in 2018 and has approximately $9.45 billion in assets.

FDIC Insured Yes
FDIC Certificate # 59108
Date Established 2018
Assets $ 9.45 billion
Loans N.A.
Deposits $ 8.63 billion
Capital $ 805.00 million
 

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

Deposit Rates - December 23, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - December 23, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Charles Schwab Trust Bank

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




Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
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Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.960% 6.875%
0.63 points
$2,764 fees
$2,103 Learn More
Advantage Lending
NMLS ID: 2592312
License#: RM.805266.000
6.966% 6.875%
0.50 points
$3,145 fees
$2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.338% 7.250%
0.88 points
$2,800 fees
$2,183 Learn More
FHAloans.com
NMLS ID: Not a Lender

points
fees
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Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 6.990 %
After Intro: 6.990 %
$0 Learn More
More Info
Rate
Rate
See Table
Intro APR 7.900 %
After Intro: 7.900 %
$25,000 Learn More
More Info

Note to Charles Schwab Trust Bank
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Branches

Charles Schwab Trust Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


Charles Schwab Trust Bank Locations around zip code 43085


BranchDistance Map View Lobby Hours


Climate Policy and Initiatives

Charles Schwab Trust Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Charles Schwab Trust Bank Ratio Analysis

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

Texas Ratio
Charles Schwab Trust Bank U.S. Bank Average
0% 4.48%

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 June 30, 2024, Charles Schwab Trust Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $805,000,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Charles Schwab Trust Bank U.S. Bank Average
22.92% 10.46%

Charles Schwab Trust Bank has a Return on Equity of 22.92% versus the BestCashCow average of 10.46%. 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.

Capitalization
Charles Schwab Trust Bank U.S. Bank Average
8.52% 10.84%

Charles Schwab Trust Bank has a Capitalization of 8.52% versus the BestCashCow average of 10.84. 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.

Charles Schwab Trust Bank Balance Sheet Analysis

As of June 30, 2024, Charles Schwab Trust Bank had assets of $9,453,000,000, loans of $0, and deposits of $8,628,000,000. 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

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 915.00 million
Interest-bearing balances $ 834.00 million
Total securities $ 8.28 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 $ 8.65 billion
LIABILITIES
Total deposits $ 8.63 billion
      Interest-bearing deposits $ 7.37 billion
      Deposits held in domestic offices $ 8.63 billion
      % insured (estimated) 94.14%
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 million
      Total Liabilities $ 8.65 billion
      Shareholders’ Equity $ 805.00 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 132.00 million
Total Interest Expense $ 31.00 million
Net interest income $ 101.00 million
Provision for loan and lease losses N.A.
Total non interest income $ 58.00 million
Total non interest expense $ 48.00 million
Pre-tax Net Operating Income $ 83.00 million

Bank Loan Profile?

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

Compared to other banks, Charles Schwab Trust 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans nan
Multifamily
Mortgages
nan
Credit Card Loans nan
Consumer Auto Loans nan
Small Business Loans nan
Construction and Development Loans nan
Commercial Real Estate nan
Commercial and Industrial Loans nan
Farm Loans nan

Customer Reviews for Charles Schwab Trust Bank

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