Charles Schwab Bank, SSB
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Data as of · sourced from FFIEC call reports. How we update
Charles Schwab Bank, SSB is an FDIC-insured commercial bank headquartered in Westlake, TX, established in 2003 (FDIC certificate 57450), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $250.83B, up 1.3% from Q2 2025, the largest of 346 banks headquartered in Texas. Its CET1 capital ratio was 30.14% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 57450
- Headquarters
- Westlake, TX
- Established
- 2003
- Total assets, Q2 2026
- $250.83B
- Assets vs Q2 2025
- +1.3%
- CET1 ratio, Q2 2026
- 30.14%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 111994364
- Latest call report
- Q2 2026, FFIEC 031 · Charles Schwab Bank, SSB call report
- Holding company
- CHARLES SCHWAB CORPORATION, THE
- Asset rank in state
- 1st of 346 in Texas
Charles Schwab Bank, SSB is the 17th-largest bank in the United States, with $250.8 billion in assets at June 30, 2026, up 1.3% from a year earlier. It is headquartered in Westlake, Texas. It returns 18.7% a year on shareholders' equity, higher than about 9 in 10 of the 18 US banks with more than $250 billion in assets (median 13.4%). It also pays an average of 0.37% on its deposits and borrowings, a small fraction of the median of 1.94% for banks its size.
Earnings jumped: net income for the quarter was $850 million, 56% above the same quarter a year earlier. Over the same year, loans grew 39.1% and deposits grew 7.5%. One more trend to watch: its securities portfolio is underwater by $12.1 billion, an amount equal to 45% of Tier 1 capital.
As of June 30, 2026, Charles Schwab Bank, SSB reported a CET1 capital ratio of 30.14%, a return on assets of 1.34%, a nonperforming-loan ratio of 0.04% and a Texas ratio of 0.14%. The figures come from its call report filed with the FFIEC.
Of the 346 banks headquartered in Texas, Charles Schwab Bank, SSB is the largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 3.3% to $250.83B, loans rose 16.8% and deposits rose 2.4%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 49.4% of total loans, ahead of loans for purchasing or carrying securities at 49.2%. Its one office in the FDIC Summary of Deposits is in Westlake, TX. Judged on its Q2 2026 call report, Charles Schwab Bank, SSB meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 3000 Schwab Way, Westlake, TX 76262
- County
- Denton
- Metro Area
- Dallas-Fort Worth-Arlington, TX
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 11, Dallas
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 031
- Established
- April 28, 2003
- Former names
- Charles Schwab Bank (2007-2020)
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 1,133
- Domestic deposits
- $225.25B
- Allowance for credit losses
- $37.0M
- Net charge-offs (YTD)
- $0
- Average total assets
- $254.28B
- Average total loans
- $63.43B
- Average interest-bearing deposits
- $221.84B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- April 28, 2003
- FDIC Cert
- 57450
- Fed RSSD
- 3150447
- SEC CIK
- 316709 → filed by CHARLES SCHWAB CORPORATION, THE
- Website
- www.schwabbank.com →
- Parent Holding Company
- CHARLES SCHWAB CORPORATION, THE (RSSD 1026632) · SCHW
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Richard A Wurster | CEO | President & CEO |
| Walter W Bettinger | CHR | Co-Chairman |
| Michael D Verdeschi | CFO | CFO |
| Joseph R Martinetto | COO | COO |
| Nigel J Murtagh | CRO | Chief Risk Officer |
| Peter J. Morgan Iii | GC | General Counsel |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Charles Schwab Bank, SSB's total assets ran between $242.91B (Q1 2026) and $304.55B (Q4 2023), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$250.83B total assets against $247.66B; $232.73B total liabilities against $226.43B.
$67.24B net loans and leases against $48.36B; $225.25B total deposits against $209.55B.
$159.01B securities against $177.41B; $17.72B cash and balances due against $14.46B.
$1.54B total interest income against $1.50B; $207.0M total interest expense against $544.0M.
$1.33B net interest income against $953.0M.
$11.0M total noninterest income against $6.0M; $231.0M total noninterest expense against $219.0M.
$1.0M provision for credit losses against $1.0M.
$850.0M net income against $546.0M.
1.34% return on assets against 0.83%; 2.21% net interest margin against 1.52%.
30.14% CET1 capital ratio against 41.98%; 10.65% tier 1 leverage ratio against 12.16%.
Inside the full Charles Schwab Bank, SSB terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Held-to-maturity securities carry unrealized losses equal to more than a quarter of book equity. Because HTM is held at amortized cost, these losses are not reflected in reported capital, the dynamic that masked Silicon Valley Bank's insolvency before its March 2023 failure. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Charles Schwab Bank, SSB rankings
Its closest position to the top of a national ranking is 11 of 3,606, for efficiency ratio; its furthest is 3,197 of 3,640, for Texas Ratio.
Metric pages for Charles Schwab Bank, SSB: CET1 ratio, Efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.19% (Q3 2024) to 1.34% (Q2 2026) and its net interest margin ran from 0.60% (Q3 2024) to 2.21% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 30.14% | 1.34% | 0.04% | 0.14% | 2.21% |
| Q1 2026 | 33.99% | 1.27% | 0.06% | 0.18% | 2.10% |
| Q4 2025 | 35.93% | 1.15% | 0.08% | 0.24% | 1.97% |
| Q3 2025 | 40.81% | 1.01% | 0.08% | 0.19% | 1.65% |
| Q2 2025 | 41.98% | 0.83% | 0.08% | 0.18% | 1.52% |
| Q1 2025 | 43.37% | 0.73% | 0.07% | 0.14% | 1.34% |
| Q4 2024 | 41.70% | 0.52% | 0.08% | 0.18% | 1.00% |
| Q3 2024 | 40.55% | 0.19% | 0.06% | 0.12% | 0.60% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Charles Schwab Bank, SSB (main office) | Westlake , TX | 76262 | $225.25B |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 14.2% of deposits in TX, rank 2 of 441 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 8,126 applications, 6,065 loans originated, $6.20B originated, across 51 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Consumer complaints
- 370 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2025-Q4 to 2026-Q3. Source: CFPB consumer complaint database.
- Not on file
- Enforcement actions, SBA 7(a) lending, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Charles Schwab Bank, SSB
What are Charles Schwab Bank, SSB's total assets?
As of the Q2 2026 filing, Charles Schwab Bank, SSB reported total assets of $250.83 billion in its FFIEC call report.
Where is Charles Schwab Bank, SSB headquartered?
It is headquartered in Westlake, TX, United States.
When was Charles Schwab Bank, SSB founded?
It was established in 2003, per the FDIC institution directory.
Is Charles Schwab Bank, SSB FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57450). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Charles Schwab Bank, SSB?
Charles Schwab Bank, SSB's primary federal regulator is the Federal Reserve.
What is Charles Schwab Bank, SSB's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 30.14% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Charles Schwab Bank, SSB operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Charles Schwab Bank, SSB's Texas Ratio?
Its Texas Ratio is 0.14% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Charles Schwab Bank, SSB previously called?
The charter now named Charles Schwab Bank, SSB has also operated as Charles Schwab Bank (2007-2020), per FDIC structure-change records.
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