USAA Federal Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
USAA Federal Savings Bank is an FDIC-insured savings institution headquartered in Phoenix, AZ, established in 1983 (FDIC certificate 32188), and it is supervised by the OCC. At Q2 2026 it reported total assets of $106.19B, down 0.3% from Q2 2025, the largest of 12 banks headquartered in Arizona. Its CET1 capital ratio was 16.89% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 32188
- Headquarters
- Phoenix, AZ
- Established
- 1983
- Total assets, Q2 2026
- $106.19B
- Assets vs Q2 2025
- -0.3%
- CET1 ratio, Q2 2026
- 16.89%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 314074269
- Latest call report
- Q2 2026, FFIEC 031 · USAA Federal Savings Bank call report
- Holding company
- USAA CAPITAL CORP.
- Asset rank in state
- 1st of 12 in Arizona
USAA Federal Savings Bank is the 31st-largest bank in the United States, with $106.2 billion in assets at June 30, 2026. It is headquartered in Phoenix, Arizona. It earns about $0.98 a year on every $100 of assets, lower than about 9 in 10 of the 14 banks with $100 billion to $250 billion in assets (median $1.21). On the other hand, it pays an average of 0.46% on its deposits and borrowings, a small fraction of the median of 2.26% for banks its size.
Paper losses on its bond portfolio are shrinking: unrealized losses of $4.1 billion equal 41% of Tier 1 capital, down from 52% a year earlier. Loans and deposits moved in opposite directions: over the year loans rose 5.0% and deposits fell 0.9%. Costs are the weak spot: it spends about 69 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 55 cents).
As of June 30, 2026, USAA Federal Savings Bank reported a CET1 capital ratio of 16.89%, a return on assets of 0.98%, a nonperforming-loan ratio of 1.07% and a Texas ratio of 5.13%. The figures come from its call report filed with the FFIEC.
USAA Federal Savings Bank ranks as the largest of the 12 banks based in Arizona, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 3.2% to $106.19B, loans rose 4.4% and deposits fell 3.1%. Its loan book on June 30, 2026 was led by credit card loans, at 40.3% of total loans, followed by auto loans at 37.7%. Its 2 offices in the FDIC Summary of Deposits are in San Antonio, TX and Phoenix, AZ; its San Antonio office books 100% of its branch deposits. Judged on its Q2 2026 call report, USAA Federal Savings Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1 Norterra Dr, Phoenix, AZ 85085
- County
- Maricopa
- Metro Area
- Phoenix-Mesa-Chandler, AZ
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- —
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 031
- Established
- December 30, 1983
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 11,883
- Domestic deposits
- $91.97B
- Allowance for credit losses
- $1.89B
- Net charge-offs (YTD)
- $469.0M
- Average total assets
- $106.21B
- Average total loans
- $44.98B
- Average interest-bearing deposits
- $88.79B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 32188
- Fed RSSD
- 619877
- SEC CIK
- 1021249 → filed by UNITED SERVICES AUTOMOBILE ASSOCIATION
- Website
- www.usaa.com →
- Parent Holding Company
- USAA CAPITAL CORP. (RSSD 1447385)
- Ultimate Parent
- UNITED SERVICES AUTOMOBILE ASSOCIATION (RSSD 1447376)
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, USAA Federal Savings Bank's total assets ran between $104.90B (Q3 2025) and $114.03B (Q1 2024), and it earned a profit in 8 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$106.19B total assets against $106.48B; $100.37B total liabilities against $101.78B.
$44.32B net loans and leases against $42.22B; $91.97B total deposits against $92.77B.
$48.52B securities against $52.34B; $10.16B cash and balances due against $8.54B.
$1.44B total interest income against $1.40B; $113.0M total interest expense against $173.0M.
$1.33B net interest income against $1.23B.
$508.0M total noninterest income against $495.0M; $1.27B total noninterest expense against $1.23B.
$224.0M provision for credit losses against $234.0M.
$260.0M net income against $216.0M.
0.98% return on assets against 0.80%; 5.17% net interest margin against 4.69%.
16.89% CET1 capital ratio against 16.17%; 9.29% tier 1 leverage ratio against 8.68%.
Inside the full USAA Federal Savings Bank 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.
USAA Federal Savings Bank rankings
Its closest position to the top of a national ranking is 31 of 4,196, for total assets; its furthest is 961 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.64% (Q4 2024) to 0.98% (Q2 2026) and its net interest margin ran from 4.18% (Q3 2024) to 5.17% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.89% | 0.98% | 1.07% | 5.13% | 5.17% |
| Q1 2026 | 16.69% | 0.85% | 1.15% | 5.45% | 4.99% |
| Q4 2025 | 16.46% | 0.26% | 1.14% | 5.70% | 4.92% |
| Q3 2025 | 16.35% | 0.41% | 1.10% | 5.59% | 4.90% |
| Q2 2025 | 16.17% | 0.80% | 1.11% | 5.73% | 4.69% |
| Q1 2025 | 15.87% | 0.15% | 1.13% | 6.06% | 4.44% |
| Q4 2024 | 15.82% | -0.64% | 1.13% | 6.57% | 4.35% |
| Q3 2024 | 15.99% | 0.03% | 1.07% | 5.57% | 4.18% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → 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 |
|---|---|---|---|
| Mcdermott Branch | San Antonio , TX | 78288 | $91.97B |
| USAA Federal Savings Bank (main office) | Phoenix , AZ | 85085 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| June 1, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 1, 2024 | Structure Change | Acquired USAA Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 1, 1993 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 1993 | Structure Change | Acquired USAA Financial Services Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 6 against the institution (OCC); 4 against individuals associated with it
- December 18, 2024, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): USAA Federal Savings Bank
- March 17, 2022, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): USAA Federal Savings Bank
- March 17, 2022, OCC: Civil Money Penalty (CMP): USAA Federal Savings Bank
- November 11, 2020, OCC: Civil Money Penalty (CMP): USAA Federal Savings Bank
- October 14, 2020, OCC: Civil Money Penalty (CMP): USAA Federal Savings Bank
- Period: Most recent institution action December 18, 2024. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Mortgage lending (HMDA)
- 26,636 applications, 11,693 loans originated, $4.09B originated, across 51 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Not on file
- Deposit market share, SBA 7(a) lending, Consumer complaints, 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 USAA Federal Savings Bank
What are USAA Federal Savings Bank's total assets?
As of the Q2 2026 filing, USAA Federal Savings Bank reported total assets of $106.19 billion in its FFIEC call report.
Where is USAA Federal Savings Bank headquartered?
It is headquartered in Phoenix, AZ, United States.
When was USAA Federal Savings Bank founded?
It was established in 1983, per the FDIC institution directory.
Is USAA Federal Savings Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #32188). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates USAA Federal Savings Bank?
USAA Federal Savings Bank's primary federal regulator is the OCC.
What is USAA Federal Savings Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 16.89% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does USAA Federal Savings Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is USAA Federal Savings Bank's Texas Ratio?
Its Texas Ratio is 5.13% 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.
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