Charles Schwab Bank Ssb Mortgage Rates, Fees & Info

West lake Hills, TX

LEI: 549300INFJ8TYNZ1G568

Tax ID: 42-1558009

5 stars - out of 5 stars, based on 112 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    Charles Schwab Bank Ssb is a large bank specializing in loans. Charles Schwab Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Los Angeles, San Jose, San Diego, and New York among others. We have data for 304 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Charles Schwab Bank Ssb has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Charles Schwab Bank Ssb is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.56% 10/3/22
    30 Year Conventional Purchase 6.05% 10/3/22
    30 Year Conventional Refi 6.01% 10/3/22
    30 Year Cash-out Refi 6.09% 10/3/22
    15 Year Conventional Purchase 5.94% 10/3/22
    15 Year Conventional Refi 5.96% 10/3/22
    15 Year Cash-out Refi 5.96% 10/3/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    12,468

    Origination Dollar Volume (All Markets)

    $11,449,410,000

    Employee count

    846 Show all (98) awards

    Relative Rate

    Charles Schwab Bank Ssb's average 30 year fixed mortgage rate was 2.37%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.78%.

    Relative Fees (Closing Costs)

    Charles Schwab Bank Ssb's average total fees/closing costs for a 30 year fixed rate mortgage were $4,072.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1,890 $1,986,890,000 $1,051,265 $3,886 2.38%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1,381 $1,586,515,000 $1,148,816 $3,801 2.36%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 779 $852,395,000 $1,094,217 $3,404 2.28%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 521 $506,885,000 $972,908 $3,190 2.36%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 517 $496,495,000 $960,338 $4,998 2.32%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 416 $430,490,000 $1,034,832 $3,914 2.29%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 314 $272,600,000 $868,153 $4,253 2.38%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 336 $259,800,000 $773,214 $3,700 2.39%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 286 $257,460,000 $900,210 $6,443 2.41%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 331 $237,665,000 $718,021 $3,338 2.25%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 291 $226,415,000 $778,058 $3,870 2.45%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 243 $213,845,000 $880,021 $3,998 2.29%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 219 $210,495,000 $961,164 $4,552 2.31%
    Outside of Metro Areas 181 $153,055,000 $845,608 $4,173 2.35%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 204 $151,170,000 $741,029 $4,012 2.49%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 127 $141,465,000 $1,113,898 $4,290 2.46%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 143 $140,545,000 $982,832 $5,591 2.36%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 156 $118,400,000 $758,974 $3,407 2.42%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 150 $114,610,000 $764,067 $3,633 2.35%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 120 $106,400,000 $886,667 $6,260 2.39%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 106 $102,280,000 $964,906 $5,210 2.41%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 116 $99,000,000 $853,448 $4,782 2.34%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 117 $81,825,000 $699,359 $3,877 2.45%
    Heber, UT (FHA|USDA|VA) 57 $81,205,000 $1,424,649 $5,847 2.24%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 107 $79,765,000 $745,467 $3,468 2.38%
    BOULDER, CO (FHA|USDA|VA) 92 $79,600,000 $865,217 $4,030 2.41%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 97 $79,575,000 $820,361 $6,151 2.44%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 107 $78,235,000 $731,168 $3,532 2.27%
    RENO, NV (FHA|USDA|VA) 89 $76,185,000 $856,011 $5,008 2.34%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 119 $76,085,000 $639,370 $6,267 2.33%
    SALINAS, CA (FHA|USDA|VA) 69 $68,685,000 $995,435 $3,808 2.42%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 87 $64,775,000 $744,540 $3,693 2.33%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 83 $59,365,000 $715,241 $4,128 2.34%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 61 $58,325,000 $956,148 $3,713 2.46%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 66 $55,520,000 $841,212 $5,268 2.29%
    Glenwood Springs, CO (FHA|USDA|VA) 22 $52,520,000 $2,387,273 $6,783 2.30%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 53 $50,175,000 $946,698 $3,492 2.40%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 74 $49,490,000 $668,784 $4,661 2.33%
    Edwards, CO (FHA|USDA|VA) 45 $48,165,000 $1,070,333 $4,730 2.18%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 58 $47,880,000 $825,517 $5,215 2.34%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 58 $46,010,000 $793,276 $3,760 2.40%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 59 $45,895,000 $777,881 $3,689 2.53%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 52 $36,170,000 $695,577 $2,517 2.27%
    URBAN HONOLULU, HI (FHA|USDA|VA) 30 $35,850,000 $1,195,000 $5,457 2.30%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 29 $35,195,000 $1,213,621 $7,260 2.36%
    Jackson, WY-ID (FHA|USDA|VA) 22 $33,040,000 $1,501,818 $6,049 2.25%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 36 $33,000,000 $916,667 $4,047 2.32%
    JACKSONVILLE, FL (FHA|USDA|VA) 45 $31,745,000 $705,444 $3,712 2.32%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 39 $30,715,000 $787,564 $3,422 2.47%
    OCEAN CITY, NJ (FHA|USDA|VA) 30 $30,700,000 $1,023,333 $4,373 2.37%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 43 $28,355,000 $659,419 $4,060 2.42%
    SALT LAKE CITY, UT (FHA|USDA|VA) 36 $27,050,000 $751,389 $3,886 2.34%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 39 $27,035,000 $693,205 $5,083 2.35%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 23 $26,815,000 $1,165,870 $4,006 2.47%
    Breckenridge, CO (FHA|USDA|VA) 29 $26,205,000 $903,621 $4,129 2.15%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 39 $25,645,000 $657,564 $3,092 2.47%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 39 $24,485,000 $627,821 $3,046 2.43%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 27 $23,265,000 $861,667 $3,966 2.41%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 42 $23,070,000 $549,286 $3,318 2.37%
    SALISBURY, MD-DE (FHA|USDA|VA) 31 $22,675,000 $731,452 $5,202 2.49%
    ASHEVILLE, NC (FHA|USDA|VA) 33 $22,065,000 $668,636 $3,246 2.48%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 19 $22,015,000 $1,158,684 $8,213 2.22%
    BEND, OR (FHA|USDA|VA) 32 $21,810,000 $681,563 $4,876 2.53%
    BOISE CITY, ID (FHA|USDA|VA) 33 $21,525,000 $652,273 $3,912 2.40%
    Hailey, ID (FHA|USDA|VA) 25 $20,955,000 $838,200 $4,131 2.52%
    Key West, FL (FHA|USDA|VA) 19 $20,325,000 $1,069,737 $6,629 2.34%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 24 $19,590,000 $816,250 $4,938 2.47%
    SANTA FE, NM (FHA|USDA|VA) 23 $19,405,000 $843,696 $5,190 2.49%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 24 $18,570,000 $773,750 $3,942 2.45%
    COLUMBUS, OH (FHA|USDA|VA) 31 $18,045,000 $582,097 $4,035 2.42%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 29 $17,855,000 $615,690 $2,580 2.37%
    RALEIGH-CARY, NC (FHA|USDA|VA) 29 $17,605,000 $607,069 $3,673 2.50%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 22 $16,820,000 $764,545 $4,514 2.68%
    Bozeman, MT (FHA|USDA|VA) 23 $16,765,000 $728,913 $5,261 2.49%
    NAPA, CA (FHA|USDA|VA) 24 $16,110,000 $671,250 $2,681 2.38%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 24 $15,930,000 $663,750 $4,360 2.56%
    TUCSON, AZ (FHA|USDA|VA) 30 $15,540,000 $518,000 $3,494 2.52%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 24 $15,010,000 $625,417 $4,261 2.36%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 17 $14,765,000 $868,529 $5,443 2.40%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 25 $14,375,000 $575,000 $4,284 2.34%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 25 $14,225,000 $569,000 $3,462 2.29%
    Steamboat Springs, CO (FHA|USDA|VA) 14 $13,900,000 $992,857 $3,157 2.44%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 17 $13,545,000 $796,765 $3,483 2.63%
    Hilo, HI (FHA|USDA|VA) 12 $11,740,000 $978,333 $7,003 2.21%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 22 $11,700,000 $531,818 $4,658 2.42%
    Torrington, CT (FHA|USDA|VA) 12 $11,100,000 $925,000 $4,462 2.31%
    RICHMOND, VA (FHA|USDA|VA) 15 $10,745,000 $716,333 $4,847 2.40%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 18 $10,330,000 $573,889 $3,795 2.33%
    BRUNSWICK, GA (FHA|USDA|VA) 7 $10,265,000 $1,466,429 $6,243 2.41%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 16 $9,850,000 $615,625 $2,240 2.31%
    PITTSBURGH, PA (FHA|USDA|VA) 15 $9,655,000 $643,667 $5,945 2.24%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 19 $9,565,000 $503,421 $3,123 2.35%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 9 $9,515,000 $1,057,222 $3,434 2.23%
    ANN ARBOR, MI (FHA|USDA|VA) 14 $9,180,000 $655,714 $4,844 2.41%
    Kalispell, MT (FHA|USDA|VA) 8 $8,510,000 $1,063,750 $5,622 2.53%
    Traverse City, MI (FHA|USDA|VA) 13 $8,475,000 $651,923 $3,037 2.37%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 11 $7,915,000 $719,545 $4,070 2.41%
    VALLEJO, CA (FHA|USDA|VA) 13 $7,875,000 $605,769 $3,896 2.61%
    FORT COLLINS, CO (FHA|USDA|VA) 14 $7,760,000 $554,286 $3,031 2.32%
    WENATCHEE, WA (FHA|USDA|VA) 9 $7,625,000 $847,222 $3,861 2.27%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 15 $7,585,000 $505,667 $4,014 2.36%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 11 $7,355,000 $668,636 $2,807 2.75%
    BELLINGHAM, WA (FHA|USDA|VA) 9 $7,215,000 $801,667 $3,595 2.62%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 11 $7,145,000 $649,545 $2,907 2.18%
    Kapaa, HI (FHA|USDA|VA) 5 $6,965,000 $1,393,000 $8,213 2.28%
    Cullowhee, NC (FHA|USDA|VA) 7 $6,685,000 $955,000 $4,121 2.38%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 7 $6,645,000 $949,286 $2,835 2.28%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 9 $6,535,000 $726,111 $4,169 2.63%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 13 $6,445,000 $495,769 $3,390 2.35%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 13 $6,405,000 $492,692 $3,542 2.69%
    WILMINGTON, NC (FHA|USDA|VA) 10 $6,150,000 $615,000 $3,204 2.78%
    SAVANNAH, GA (FHA|USDA|VA) 11 $5,955,000 $541,364 $3,404 2.28%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 7 $5,915,000 $845,000 $5,697 2.32%
    Vineyard Haven, MA (FHA|USDA|VA) 7 $5,905,000 $843,571 $3,415 2.17%
    MISSOULA, MT (FHA|USDA|VA) 9 $5,865,000 $651,667 $4,440 2.39%
    Lebanon, NH-VT (FHA|USDA|VA) 7 $5,845,000 $835,000 $3,462 2.32%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 9 $5,765,000 $640,556 $3,577 2.39%
    Easton, MD (FHA|USDA|VA) 7 $5,575,000 $796,429 $3,248 2.06%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 8 $5,550,000 $693,750 $4,695 2.36%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 6 $5,320,000 $886,667 $6,214 2.68%
    Whitewater, WI (FHA|USDA|VA) 7 $5,305,000 $757,857 $3,754 2.46%
    Oak Harbor, WA (FHA|USDA|VA) 8 $5,290,000 $661,250 $3,340 2.57%
    BATON ROUGE, LA (FHA|USDA|VA) 7 $5,185,000 $740,714 $6,265 2.57%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 8 $5,060,000 $632,500 $4,691 2.28%
    MEDFORD, OR (FHA|USDA|VA) 8 $5,000,000 $625,000 $6,144 2.51%
    Outside of Metro Areas 7 $4,865,000 $695,000 $5,946 2.53%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 8 $4,790,000 $598,750 $3,431 2.35%
    Ellensburg, WA (FHA|USDA|VA) 7 $4,775,000 $682,143 $3,059 2.36%
    PITTSFIELD, MA (FHA|USDA|VA) 7 $4,765,000 $680,714 $5,060 2.21%
    WINSTON-SALEM, NC (FHA|USDA|VA) 7 $4,665,000 $666,429 $2,969 2.86%
    ALBUQUERQUE, NM (FHA|USDA|VA) 8 $4,620,000 $577,500 $4,503 2.43%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $4,590,000 $573,750 $4,538 2.29%
    ROANOKE, VA (FHA|USDA|VA) 5 $4,445,000 $889,000 $4,570 2.69%
    Durango, CO (FHA|USDA|VA) 7 $4,225,000 $603,571 $2,899 2.66%
    Boone, NC (FHA|USDA|VA) 6 $4,200,000 $700,000 $3,968 2.23%
    Ukiah, CA (FHA|USDA|VA) 3 $4,125,000 $1,375,000 $4,367 2.24%
    Laconia, NH (FHA|USDA|VA) 7 $4,035,000 $576,429 $2,917 2.49%
    Georgetown, SC (FHA|USDA|VA) 6 $3,940,000 $656,667 $3,802 2.28%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 5 $3,745,000 $749,000 $3,872 2.28%
    GAINESVILLE, GA (FHA|USDA|VA) 5 $3,725,000 $745,000 $3,678 2.49%
    WORCESTER, MA-CT (FHA|USDA|VA) 6 $3,690,000 $615,000 $3,507 2.21%
    GLENS FALLS, NY (FHA|USDA|VA) 4 $3,530,000 $882,500 $5,220 2.68%
    PROVO-OREM, UT (FHA|USDA|VA) 5 $3,525,000 $705,000 $4,229 2.43%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $3,495,000 $1,165,000 $8,288 2.58%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 7 $3,475,000 $496,429 $3,429 2.20%
    FRESNO, CA (FHA|USDA|VA) 8 $3,420,000 $427,500 $2,176 2.32%
    ROCHESTER, NY (FHA|USDA|VA) 7 $3,345,000 $477,857 $4,641 2.31%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 6 $3,320,000 $553,333 $3,373 2.02%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 4 $3,260,000 $815,000 $10,705 2.15%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 4 $3,250,000 $812,500 $3,650 2.18%
    PUNTA GORDA, FL (FHA|USDA|VA) 8 $3,180,000 $397,500 $3,835 2.34%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 7 $2,995,000 $427,857 $3,744 2.28%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 3 $2,965,000 $988,333 $5,357 2.56%
    Morehead City, NC (FHA|USDA|VA) 4 $2,960,000 $740,000 $2,314 2.34%
    Kill Devil Hills, NC (FHA|USDA|VA) 5 $2,945,000 $589,000 $5,192 2.23%
    Brainerd, MN (FHA|USDA|VA) 5 $2,875,000 $575,000 $3,842 2.00%
    GREELEY, CO (FHA|USDA|VA) 7 $2,845,000 $406,429 $3,664 2.59%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 6 $2,810,000 $468,333 $3,124 2.53%
    MADISON, WI (FHA|USDA|VA) 7 $2,785,000 $397,857 $2,625 2.26%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 4 $2,740,000 $685,000 $4,111 2.48%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $2,675,000 $535,000 $5,071 1.98%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 3 $2,535,000 $845,000 $2,244 1.87%
    Brevard, NC (FHA|USDA|VA) 5 $2,515,000 $503,000 $2,671 2.51%
    Adrian, MI (FHA|USDA|VA) 4 $2,500,000 $625,000 $3,424 2.44%
    Concord, NH (FHA|USDA|VA) 2 $2,350,000 $1,175,000 $5,259 2.63%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 4 $2,300,000 $575,000 $6,867 2.81%
    JACKSON, MS (FHA|USDA|VA) 4 $2,300,000 $575,000 $3,585 2.69%
    KINGSTON, NY (FHA|USDA|VA) 2 $2,280,000 $1,140,000 $6,561 2.44%
    Seneca, SC (FHA|USDA|VA) 3 $2,255,000 $751,667 $2,678 2.54%
    ST. GEORGE, UT (FHA|USDA|VA) 6 $2,250,000 $375,000 $3,727 2.48%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $2,235,000 $447,000 $2,612 2.20%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 4 $2,210,000 $552,500 $1,892 2.66%
    COLUMBIA, MO (FHA|USDA|VA) 3 $2,185,000 $728,333 $2,526 2.22%
    Montrose, CO (FHA|USDA|VA) 4 $2,080,000 $520,000 $3,353 2.37%
    BAKERSFIELD, CA (FHA|USDA|VA) 6 $2,080,000 $346,667 $3,596 2.29%
    MONTGOMERY, AL (FHA|USDA|VA) 3 $2,015,000 $671,667 $2,814 2.38%
    THE VILLAGES, FL (FHA|USDA|VA) 4 $1,900,000 $475,000 $1,842 2.36%
    MODESTO, CA (FHA|USDA|VA) 3 $1,875,000 $625,000 $4,379 2.78%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 3 $1,845,000 $615,000 $3,390 1.95%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $1,825,000 $608,333 $3,460 2.13%
    Hudson, NY (FHA|USDA|VA) 2 $1,690,000 $845,000 $6,831 2.44%
    TULSA, OK (FHA|USDA|VA) 3 $1,595,000 $531,667 $3,804 2.33%
    MORRISTOWN, TN (FHA|USDA|VA) 2 $1,590,000 $795,000 $4,159 2.25%
    STOCKTON, CA (FHA|USDA|VA) 4 $1,480,000 $370,000 $3,093 2.16%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $1,470,000 $367,500 $2,947 2.41%
    Sheridan, WY (FHA|USDA|VA) 2 $1,450,000 $725,000 $8,783 2.13%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $1,440,000 $720,000 $5,992 2.36%
    WICHITA, KS (FHA|USDA|VA) 3 $1,405,000 $468,333 $3,822 2.03%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $1,390,000 $695,000 $5,612 2.31%
    NILES, MI (FHA|USDA|VA) 3 $1,385,000 $461,667 $3,770 2.49%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $1,380,000 $690,000 $7,218 2.19%
    Taos, NM (FHA|USDA|VA) 3 $1,365,000 $455,000 $4,938 2.46%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $1,275,000 $425,000 $3,192 1.93%
    GRANTS PASS, OR (FHA|USDA|VA) 2 $1,260,000 $630,000 $4,587 2.91%
    Rexburg, ID (FHA|USDA|VA) 1 $1,235,000 $1,235,000 $8,647 2.50%
    Paragould, AR (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $3,677 2.23%
    KNOXVILLE, TN (FHA|USDA|VA) 3 $1,225,000 $408,333 $3,091 2.33%
    FLAGSTAFF, AZ (FHA|USDA|VA) 3 $1,225,000 $408,333 $1,970 2.75%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $1,220,000 $610,000 $1,284 2.43%
    Payson, AZ (FHA|USDA|VA) 2 $1,210,000 $605,000 $4,416 2.19%
    MOBILE, AL (FHA|USDA|VA) 3 $1,205,000 $401,667 $2,415 2.12%
    NEW BERN, NC (FHA|USDA|VA) 2 $1,120,000 $560,000 $2,832 2.61%
    Red Wing, MN (FHA|USDA|VA) 2 $1,100,000 $550,000 $4,558 2.35%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $1,095,000 $1,095,000 $3,089 1.75%
    Ruidoso, NM (FHA|USDA|VA) 2 $1,080,000 $540,000 $3,200 2.30%
    Coos Bay, OR (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $297 1.80%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $1,005,000 $335,000 $1,952 2.08%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $1,000,000 $500,000 $3,199 2.09%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $975,000 $975,000 $11,118 2.38%
    Hood River, OR (FHA|USDA|VA) 2 $960,000 $480,000 $4,232 1.91%
    PEORIA, IL (FHA|USDA|VA) 1 $955,000 $955,000 $139 1.75%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $955,000 $955,000 $7,990 3.00%
    OCALA, FL (FHA|USDA|VA) 3 $945,000 $315,000 $5,923 2.17%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $945,000 $945,000 $6,205 2.50%
    COLUMBIA, SC (FHA|USDA|VA) 3 $925,000 $308,333 $3,611 2.13%
    HUNTSVILLE, AL (FHA|USDA|VA) 2 $910,000 $455,000 $1,347 2.81%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $905,000 $301,667 $3,043 2.16%
    SALEM, OR (FHA|USDA|VA) 2 $900,000 $450,000 $3,968 2.25%
    LANCASTER, PA (FHA|USDA|VA) 2 $900,000 $450,000 $5,449 2.06%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $895,000 $895,000 $4,148 2.63%
    St. Marys, GA (FHA|USDA|VA) 1 $885,000 $885,000 $5,347 1.88%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $815,000 $815,000 $2,769 2.25%
    Port Angeles, WA (FHA|USDA|VA) 1 $815,000 $815,000 $2,708 2.25%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $810,000 $405,000 $2,602 2.36%
    Show Low, AZ (FHA|USDA|VA) 4 $800,000 $200,000 $4,459 2.96%
    CORVALLIS, OR (FHA|USDA|VA) 3 $785,000 $261,667 $4,104 2.67%
    HOT SPRINGS, AR (FHA|USDA|VA) 2 $780,000 $390,000 $2,831 2.88%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $775,000 $775,000 $6,255 2.60%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $775,000 $775,000 $5,497 2.50%
    Bennington, VT (FHA|USDA|VA) 1 $765,000 $765,000 $2,197 3.13%
    MIDLAND, MI (FHA|USDA|VA) 1 $765,000 $765,000 $4,795 1.38%
    Alexandria, MN (FHA|USDA|VA) 1 $755,000 $755,000 $5,317 2.23%
    Astoria, OR (FHA|USDA|VA) 1 $735,000 $735,000 $0 2.93%
    JACKSON, MI (FHA|USDA|VA) 1 $735,000 $735,000 $3,799 2.88%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $725,000 $725,000 $1,646 2.88%
    Granbury, TX (FHA|USDA|VA) 1 $725,000 $725,000 $7,636 2.88%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $720,000 $360,000 $3,088 1.84%
    Shelton, WA (FHA|USDA|VA) 2 $720,000 $360,000 $2,752 2.09%
    Aberdeen, WA (FHA|USDA|VA) 1 $715,000 $715,000 $5,199 2.13%
    LAS CRUCES, NM (FHA|USDA|VA) 2 $700,000 $350,000 $3,632 2.14%
    COLUMBUS, GA-AL (FHA|USDA|VA) 2 $670,000 $335,000 $4,055 2.14%
    CaƱon City, CO (FHA|USDA|VA) 1 $665,000 $665,000 $3,640 1.75%
    Prineville, OR (FHA|USDA|VA) 1 $655,000 $655,000 $1,482 2.75%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $655,000 $655,000 $3,791 3.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $650,000 $325,000 $4,366 2.24%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $640,000 $320,000 $3,835 2.00%
    CHICO, CA (FHA|USDA|VA) 1 $635,000 $635,000 $2,715 1.75%
    SPRINGFIELD, MA (FHA|USDA|VA) 2 $630,000 $315,000 $8,610 2.49%
    ROCHESTER, MN (FHA|USDA|VA) 2 $630,000 $315,000 $2,844 2.06%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $625,000 $625,000 $6,579 3.63%
    Marion, NC (FHA|USDA|VA) 2 $610,000 $305,000 $3,156 2.44%
    Milledgeville, GA (FHA|USDA|VA) 1 $605,000 $605,000 $4,036 2.75%
    MADERA, CA (FHA|USDA|VA) 1 $605,000 $605,000 $3,300 3.25%
    DOVER, DE (FHA|USDA|VA) 1 $605,000 $605,000 $14,084 2.25%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $585,000 $585,000 $4,203 2.43%
    REDDING, CA (FHA|USDA|VA) 2 $560,000 $280,000 $1,983 2.03%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $550,000 $275,000 $2,920 2.45%
    FLORENCE, SC (FHA|USDA|VA) 1 $545,000 $545,000 $24,726 1.50%
    Albertville, AL (FHA|USDA|VA) 1 $545,000 $545,000 $2,947 2.25%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $545,000 $545,000 $5,807 2.25%
    ANCHORAGE, AK (FHA|USDA|VA) 2 $530,000 $265,000 $3,191 2.13%
    Athens, TX (FHA|USDA|VA) 1 $525,000 $525,000 $2,462 2.13%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $520,000 $260,000 $2,091 2.21%
    FORT WAYNE, IN (FHA|USDA|VA) 2 $520,000 $260,000 $3,136 2.38%
    CARSON CITY, NV (FHA|USDA|VA) 1 $515,000 $515,000 $2,661 2.55%
    Greenwood, SC (FHA|USDA|VA) 1 $505,000 $505,000 $3,805 1.88%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $500,000 $250,000 $2,015 2.28%
    Warrensburg, MO (FHA|USDA|VA) 1 $485,000 $485,000 $941 2.25%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $475,000 $475,000 $4,441 1.48%
    Oneonta, NY (FHA|USDA|VA) 1 $455,000 $455,000 $5,945 2.13%
    Jefferson, GA (FHA|USDA|VA) 1 $455,000 $455,000 $4,420 2.60%
    DeRidder, LA (FHA|USDA|VA) 1 $455,000 $455,000 $3,572 2.25%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $455,000 $455,000 $0 3.00%
    BLOOMINGTON, IN (FHA|USDA|VA) 2 $420,000 $210,000 $3,321 2.31%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $405,000 $405,000 $8,480 2.63%
    LONGVIEW, WA (FHA|USDA|VA) 1 $405,000 $405,000 $2,729 2.25%
    Cullman, AL (FHA|USDA|VA) 1 $385,000 $385,000 $2,708 2.25%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $385,000 $385,000 $3,408 2.38%
    Houghton, MI (FHA|USDA|VA) 1 $375,000 $375,000 $2,910 1.85%
    Newberry, SC (FHA|USDA|VA) 1 $375,000 $375,000 $2,651 2.68%
    ROCKFORD, IL (FHA|USDA|VA) 2 $370,000 $185,000 $2,480 2.43%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $365,000 $365,000 $2,774 1.75%
    RACINE, WI (FHA|USDA|VA) 2 $360,000 $180,000 $2,090 2.78%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $325,000 $325,000 $3,428 1.75%
    Greeneville, TN (FHA|USDA|VA) 1 $315,000 $315,000 $2,767 2.13%
    Clearlake, CA (FHA|USDA|VA) 1 $305,000 $305,000 $0 2.63%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $285,000 $285,000 $5,546 1.75%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $285,000 $285,000 $606 2.50%
    Barre, VT (FHA|USDA|VA) 1 $275,000 $275,000 $868 3.00%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $265,000 $265,000 $2,419 1.98%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.00%
    APPLETON, WI (FHA|USDA|VA) 1 $265,000 $265,000 $2,416 3.13%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,726 2.30%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $245,000 $245,000 $2,837 2.80%
    Oxford, MS (FHA|USDA|VA) 1 $215,000 $215,000 $2,574 1.98%
    AKRON, OH (FHA|USDA|VA) 1 $205,000 $205,000 $3,665 2.10%
    GREEN BAY, WI (FHA|USDA|VA) 1 $205,000 $205,000 $2,401 2.75%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $205,000 $205,000 $2,558 2.25%
    JOPLIN, MO (FHA|USDA|VA) 1 $205,000 $205,000 $2,626 2.13%
    VISALIA, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 2.75%
    MUNCIE, IN (FHA|USDA|VA) 1 $165,000 $165,000 $2,583 2.43%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $165,000 $165,000 $6,677 1.48%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $115,000 $115,000 $2,858 2.23%
    Sanford, NC (FHA|USDA|VA) 1 $95,000 $95,000 $2,436 2.10%

    Charles Schwab Bank Ssb's top markets include San Francisco, Los Angeles, San Jose, San Diego, and New York among others.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 11,996 $11,298,010,000 $941,815 $4,114 2.34%
    HELOC 472 $151,400,000 $320,763 n/a 3.02%

    For 2021, Charles Schwab Bank Ssb's most frequently originated type of loan was Conventional, with 11,996 originations. Their 2nd most popular type was HELOC, with 472 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 7,230 $6,609,580,000 $914,188 $3,408 2.30%
    Home Purchase 2,233 $2,224,475,000 $996,182 $6,351 2.40%
    Cash Out Refi 2,157 $1,843,995,000 $854,889 $4,068 2.57%
    Other 596 $584,880,000 $981,342 $4,622 2.27%
    Home Improvement 252 $186,480,000 $740,000 $4,103 2.27%

    For 2021, Charles Schwab Bank Ssb's most frequently cited loan purpose was Refi, with 7,230 originations. The 2nd most popular reason was Home Purchase, with 2,233 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 11,690 $10,623,630,000 $908,779 $4,072 2.37%
    15 Year 778 $825,780,000 $1,061,414 $4,697 2.31%

    For 2021, Charles Schwab Bank Ssb's most frequently cited loan duration was 30 Year, with 11,690 originations. The 2nd most popular length was 15 Year, with 778 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 10,002 $9,710,170,000 $970,823
    $5k+ 370 $448,340,000 $1,211,730
    $1k-2k 308 $184,630,000 $599,448
    $2k-3k 201 $136,125,000 $677,239
    $3k-4k 152 $139,410,000 $917,171
    $4k-5k 108 $97,840,000 $905,926

    Charles Schwab Bank Ssb's average total fees were $4,072, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 10,002 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 8,350 $7,932,930,000 $950,051
    2.5-3% 3,502 $2,969,980,000 $848,081
    3-4% 609 $545,225,000 $895,279
    4-5% 7 $1,275,000 $182,143

    During 2021, Charles Schwab Bank Ssb's average interest rate for loans was 2.37%, while their most frequently originated rate bucket for loans was <2.5%, with 8,350 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 4,799 $3,866,465,000 $805,681 $3,718 2.40%
    $1MM+ 3,972 $6,229,120,000 $1,568,258 $5,370 2.33%
    $400k-600k 1,622 $815,060,000 $502,503 $3,251 2.27%
    $200k-400k 1,615 $474,485,000 $293,799 $2,869 2.35%
    $100k-200k 398 $59,570,000 $149,673 $2,956 2.65%
    $100,000 or less 62 $4,710,000 $75,968 $2,460 2.94%

    2021 saw Charles Schwab Bank Ssb place emphasis on $600k-1MM loans with 4,799 originations, totaling $3,866,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 7,433 $8,268,575,000 $1,112,414 $4,517 2.34%
    $150k-250k 2,907 $2,148,295,000 $739,008 $3,721 2.43%
    $100k-150k 1,175 $592,475,000 $504,234 $3,354 2.38%
    $75k-100k 437 $176,775,000 $404,519 $2,937 2.34%
    $50k-75k 295 $102,185,000 $346,390 $2,972 2.34%
    $50k or less 220 $159,900,000 $726,818 $4,101 2.37%

    Charles Schwab Bank Ssb lent most frequently to those with incomes in the $250k+ range, with 7,433 originations. The second most popular income band? $150k-250k, with 2,907 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,441 $2,182,505,000 $894,103 $3,929 2.36%
    30-36% 1,878 $1,725,830,000 $918,972 $3,992 2.37%
    <20% 1,646 $1,493,540,000 $907,375 $4,184 2.29%
    >60% 679 $730,675,000 $1,076,105 $4,511 2.28%
    50-60% 665 $635,525,000 $955,677 $4,290 2.32%
    42% 553 $496,685,000 $898,165 $4,095 2.45%
    41% 466 $425,290,000 $912,639 $3,888 2.46%
    40% 432 $395,770,000 $916,134 $4,249 2.42%
    37% 423 $407,845,000 $964,173 $3,925 2.39%
    39% 398 $342,550,000 $860,678 $3,702 2.39%
    36% 393 $345,465,000 $879,046 $4,177 2.43%
    38% 387 $363,005,000 $937,997 $4,406 2.34%
    44% 362 $318,460,000 $879,724 $3,804 2.41%
    49% 354 $329,340,000 $930,339 $4,438 2.40%
    43% 307 $276,695,000 $901,287 $4,866 2.38%
    48% 285 $260,725,000 $914,825 $4,440 2.40%
    45% 284 $248,970,000 $876,655 $3,853 2.39%
    46% 263 $244,045,000 $927,928 $4,104 2.36%
    47% 252 $226,490,000 $898,770 $4,383 2.40%

    Charles Schwab Bank Ssb lent most frequently to those with DTI ratios of 20-30%, with 2,441 originations. The next most common DTI ratio? 30-36%, with 1,878 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 5,730 $5,470,580,000 $954,726 $4,334 2.35%
    White 5,804 $5,036,490,000 $867,762 $3,942 2.39%
    Asian 705 $731,185,000 $1,037,142 $3,847 2.26%
    Asian Indian 97 $94,365,000 $972,835 $3,155 2.33%
    Chinese 42 $44,230,000 $1,053,095 $3,756 2.19%
    Black 43 $30,295,000 $704,535 $5,324 2.44%
    Other Asian 13 $13,905,000 $1,069,615 $4,234 2.37%
    American Indian 14 $11,920,000 $851,429 $3,127 2.48%
    Korean 6 $5,230,000 $871,667 $3,067 2.20%
    Japanese 7 $4,695,000 $670,714 $2,421 2.44%
    Filipino 3 $2,675,000 $891,667 $3,218 2.54%
    Native Hawaiian or Islander 3 $2,585,000 $861,667 $5,449 2.42%
    Other Pacific Islander 1 $1,255,000 $1,255,000 $12,959 3.50%

    Approval Rates

    Total approvals of all applications
    97.16%

    Charles Schwab Bank Ssb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    98.37%

    Charles Schwab Bank Ssb has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 12,468 $11,449,410,000 $918,304

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    12,468 $11,449,410,000 $918,304

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2,912 $2,356,790,000 $809,337 $3,250 2.28%
    40-60% 4,553 $4,573,835,000 $1,004,576 $4,020 2.30%
    60-80% 3,649 $3,717,945,000 $1,018,894 $4,863 2.45%
    80-100% 396 $371,040,000 $936,970 $6,016 2.58%
    Under 20% 958 $429,800,000 $448,643 $3,024 2.51%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    CHARLES SCHWAB CORPORATION, THE Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Charles Schwab Bank, SSB 3000 Schwab Way Westlake, TX 76262 Full Service Cyber Office $327,410,000

    For 2021, Charles Schwab Bank Ssb had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,739,000
    Net interest income $4,691,000
    Total noninterest income $24,000
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $0
    Trading account gains and fees $0
    Additional Noninterest Income $24,000
    Pre-tax net operating income $3,302,000
    Securities gains (or losses, -) $1,000
    Income before extraordinary items $2,538,000
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,538,000
    Minority interest net income $0
    Net income $2,538,000
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,537,210

    Charles Schwab Bank Ssb's gross interest income from loans was $4,739,000,000.
    Charles Schwab Bank Ssb's net interest income from loans was $4,691,000,000.
    Charles Schwab Bank Ssb's fee based income from loans was $0.
    Charles Schwab Bank Ssb's net income from loans was $2,538,000,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $48,000
    Provision for credit losses $-13,000
    Total noninterest expense $1,426,000
    Salaries and employee benefits $130,000
    Premises and equipment expense $10,000
    Additional noninterest expense $1,286,000
    Applicable income taxes $765,000
    Net charge-offs $0
    Cash dividends $0

    Charles Schwab Bank Ssb's interest expense for loans was $48,000,000.
    Charles Schwab Bank Ssb's payroll and benefits expense were $130,000,000.
    Charles Schwab Bank Ssb's property, plant and equipment expenses $10,000,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $392,695,000
    Deposits held in domestic offices $392,695,000
    Deposits by Individuals, partnerships, and corporations $392,687,000
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $8,000
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $58,367,000
    Demand deposits $35,306,000
    Nontransaction accounts $334,328,000
    Money market deposit accounts (MMDAs) $334,328,000
    Other savings deposits (excluding MMDAs) $0
    Total time deposits $0
    Total time and savings deposits $357,389,000
    Noninterest-bearing deposits $127,000
    Interest-bearing deposits $392,568,000
    Retail deposits $385,911,000
    IRAs and Keogh plan accounts $107,660,000
    Brokered deposits $14,621,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $420,502,000
    Cash & Balances due from depository institutions $45,172,000
    Interest-bearing balances $45,116,000
    Total securities $335,954,000
    Federal funds sold & reverse repurchase $0
    Net loans and leases $36,707,000
    Loan and leases loss allowance $18,000
    Trading account assets $0
    Bank premises and fixed assets $0
    Other real estate owned $1,000
    Goodwill and other intangibles $17,000
    All other assets $2,651,000

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $420,502,000
    Total Liabilities $393,467,000
    Total deposits $392,695,000
    Interest-bearing deposits $392,568,000
    Deposits held in domestic offices $392,695,000
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $772,000

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $36,707,000
    Loan and leases loss allowance $18,000
    Total loans and leases (domestic) $36,725,000
    All real estate loans $21,739,000
    Real estate loans in domestic offices $21,739,000
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $0
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $21,739,000
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $2,130,000
    To non-U.S. addressees $0
    Loans to individuals $8,793,000
    Credit card loans $0
    Related Plans $8,793,000
    Consumer Auto Loans $0
    Other loans to individuals $0
    All other loans & leases $4,063,000
    Loans to foreign governments and official institutions $0
    Other loans $4,063,000
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2,587,000
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Charles Schwab Bank SSB had $36,707,000,000 of loans outstanding in 2021. $21,739,000,000 of loans were in real estate loans. $0 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $21,739,000,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Commercial & Industrial, US addressed loans - <$1MM 1,165 $377,000 $323,605
    Commercial & Industrial, US addressed loans - <$100k 277 $15,000 $54,152
    Commercial & Industrial, US addressed loans - $100-250k 297 $50,000 $168,350
    Commercial & Industrial, US addressed loans - $250k-1MM 591 $312,000 $527,919