Charles Schwab Bank Ssb Mortgage Rates, Fees & Info

West lake Hills, TX

LEI: 549300INFJ8TYNZ1G568

Tax ID: 42-1558009

2020 Data | 2019 Data | 2018 Data


Overview

Charles Schwab Bank Ssb is a mid-sized bank specializing in Refi loans. Charles Schwab Bank Ssb has a high proportion of conventional loans. Their top markets include San Francisco, Los Angeles, San Jose, Oakland, and Anaheim among others. They have an above average approval rate for mortages when compared nationally -- and they have an above average pick rate when compared to the same sample of other lendors. Charles Schwab Bank Ssb is typically an average fee lendor.


Originations

8,602

Origination Dollar Volume (All Markets)

$6,972,640,000

Employee count

708

Awards

2020 Charles Schwab Bank SSB Low Rate Award
Details

Relative Rate

Charles Schwab Bank Ssb's average 30 year fixed rate mortgage was 2.99%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.37%.

Relative Fees

Charles Schwab Bank Ssb's average total fees for a 30 year fixed rate mortgage are $3,355.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 8,602 $6,972,640,000 $810,584 $3,852 2.88%

For the 2020 period, Charles Schwab Bank Ssb's most frequently originated loan type was Conventional, with 8,602 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 5,370 $4,397,630,000 $818,926 $3,339 2.82%
Cash Out Refi 1,592 $1,127,860,000 $708,455 $3,850 3.08%
Home Purchase 1,304 $1,167,140,000 $895,046 $5,850 2.90%
Other 269 $239,705,000 $891,097 $4,161 2.85%
Home Improvement 67 $40,305,000 $601,567 $4,697 2.88%

For the 2020, Charles Schwab Bank Ssb's most frequently cited loan purpose was Refi, with 5,370 originations. The 2nd most popular reason was Cash Out Refi, with 1,592 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 7,931 $6,334,595,000 $798,713 $3,797 2.89%
15 Year 671 $638,045,000 $950,887 $4,459 2.76%

For the 2020, Charles Schwab Bank Ssb's most frequently cited loan length was 30 Year, with 7,931 originations. The 2nd most popular length was 15 Year, with 671 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 6,969 $5,958,055,000 $854,937
$5k+ 279 $269,795,000 $967,007
$1k-2k 212 $115,370,000 $544,198
$2k-3k 175 $113,515,000 $648,657
$3k-4k 174 $145,680,000 $837,241

$3,355 was Charles Schwab Bank Ssb's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 6,969 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 596 $621,140,000 $1,042,181 $3,781 2.87%
LOS ANGELES-LONG BEACH-GLENDALE, CA 583 $592,125,000 $1,015,652 $3,646 2.89%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 458 $438,070,000 $956,485 $2,933 2.84%
OAKLAND-BERKELEY-LIVERMORE, CA 523 $429,525,000 $821,272 $4,478 2.92%
Outside of Metro Areas 497 $390,855,000 $786,429 $4,052 2.90%
ANAHEIM-SANTA ANA-IRVINE, CA 362 $311,590,000 $860,746 $3,683 2.85%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 348 $303,300,000 $871,552 $3,467 2.86%
SEATTLE-BELLEVUE-KENT, WA 305 $284,235,000 $931,918 $3,542 2.88%
SAN RAFAEL, CA 205 $187,115,000 $912,756 $3,481 2.89%
PHOENIX-MESA-CHANDLER, AZ 253 $181,825,000 $718,676 $3,446 2.89%
DENVER-AURORA-LAKEWOOD, CO 242 $173,140,000 $715,455 $3,770 2.90%
CHICAGO-NAPERVILLE-EVANSTON, IL 225 $159,135,000 $707,267 $3,131 2.85%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 139 $119,975,000 $863,129 $5,139 2.80%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 140 $114,650,000 $818,929 $3,951 2.85%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 163 $110,325,000 $676,840 $3,774 2.90%
BRIDGEPORT-STAMFORD-NORWALK, CT 117 $97,295,000 $831,581 $3,776 2.78%
DALLAS-PLANO-IRVING, TX 105 $85,985,000 $818,905 $5,858 2.82%
SANTA MARIA-SANTA BARBARA, CA 82 $80,860,000 $986,098 $3,332 2.86%
SANTA ROSA-PETALUMA, CA 95 $73,495,000 $773,632 $3,862 2.89%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 87 $73,235,000 $841,782 $3,918 2.85%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 109 $71,195,000 $653,165 $3,022 2.94%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 116 $69,680,000 $600,690 $2,964 2.90%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 83 $68,105,000 $820,542 $5,657 2.90%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 103 $64,355,000 $624,806 $4,462 2.89%
BOSTON, MA 65 $57,525,000 $885,000 $3,537 2.76%
NAPLES-MARCO ISLAND, FL 60 $57,400,000 $956,667 $5,458 2.80%
SALINAS, CA 58 $55,580,000 $958,276 $4,102 2.84%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 70 $52,090,000 $744,143 $6,162 2.93%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 81 $49,815,000 $615,000 $3,026 2.96%
BOULDER, CO 64 $48,140,000 $752,188 $3,757 2.95%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 64 $48,010,000 $750,156 $4,793 2.90%
LAS VEGAS-HENDERSON-PARADISE, NV 62 $45,040,000 $726,452 $4,249 2.85%
MIAMI-MIAMI BEACH-KENDALL, FL 39 $44,475,000 $1,140,385 $5,420 2.92%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 56 $44,210,000 $789,464 $4,892 2.98%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 54 $43,660,000 $808,519 $3,982 2.80%
RENO, NV 65 $43,255,000 $665,462 $3,665 2.86%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 56 $43,120,000 $770,000 $5,257 2.91%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 57 $42,325,000 $742,544 $5,642 2.88%
OXNARD-THOUSAND OAKS-VENTURA, CA 47 $40,575,000 $863,298 $3,270 2.97%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 51 $40,275,000 $789,706 $4,339 2.84%
NASSAU COUNTY-SUFFOLK COUNTY, NY 43 $38,705,000 $900,116 $4,490 2.89%
NORTH PORT-SARASOTA-BRADENTON, FL 49 $37,325,000 $761,735 $4,522 2.86%
NEW BRUNSWICK-LAKEWOOD, NJ 49 $36,865,000 $752,347 $4,239 2.83%
SANTA CRUZ-WATSONVILLE, CA 46 $36,790,000 $799,783 $3,934 2.89%
CHARLESTON-NORTH CHARLESTON, SC 38 $32,280,000 $849,474 $4,220 2.83%
BALTIMORE-COLUMBIA-TOWSON, MD 50 $31,780,000 $635,600 $3,938 2.89%
NEWARK, NJ-PA 41 $29,605,000 $722,073 $4,329 2.81%
WARREN-TROY-FARMINGTON HILLS, MI 42 $29,100,000 $692,857 $2,983 2.93%
CAPE CORAL-FORT MYERS, FL 40 $27,360,000 $684,000 $5,052 2.78%
PHILADELPHIA, PA 38 $27,000,000 $710,526 $5,581 2.94%
URBAN HONOLULU, HI 25 $25,875,000 $1,035,000 $5,388 2.84%
ORLANDO-KISSIMMEE-SANFORD, FL 35 $23,995,000 $685,571 $3,817 2.95%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 34 $23,370,000 $687,353 $4,465 2.95%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 31 $23,155,000 $746,935 $4,699 2.85%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 32 $22,870,000 $714,688 $3,286 3.07%
MILWAUKEE-WAUKESHA, WI 32 $22,290,000 $696,563 $2,893 2.90%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 36 $20,760,000 $576,667 $2,814 2.79%
JACKSONVILLE, FL 27 $19,305,000 $715,000 $3,954 2.93%
BARNSTABLE TOWN, MA 24 $18,790,000 $782,917 $4,547 2.89%
ST. LOUIS, MO-IL 30 $18,410,000 $613,667 $2,294 2.96%
PROVIDENCE-WARWICK, RI-MA 27 $17,165,000 $635,741 $3,214 3.05%
BEND, OR 26 $16,200,000 $623,077 $4,990 2.99%
SANTA FE, NM 24 $15,700,000 $654,167 $3,766 2.84%
SAN LUIS OBISPO-PASO ROBLES, CA 21 $15,115,000 $719,762 $3,348 2.84%
HILTON HEAD ISLAND-BLUFFTON, SC 23 $14,705,000 $639,348 $3,239 2.78%
NAPA, CA 18 $14,690,000 $816,111 $3,531 3.00%
OCEAN CITY, NJ 15 $13,505,000 $900,333 $3,970 2.99%
RICHMOND, VA 20 $13,310,000 $665,500 $3,312 3.01%
BOISE CITY, ID 21 $13,225,000 $629,762 $5,944 3.09%
SALISBURY, MD-DE 15 $11,585,000 $772,333 $3,239 2.80%
RALEIGH-CARY, NC 20 $11,020,000 $551,000 $2,541 2.94%
KANSAS CITY, MO-KS 18 $10,970,000 $609,444 $2,234 2.92%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 15 $10,775,000 $718,333 $2,169 2.94%
PORT ST. LUCIE, FL 11 $10,505,000 $955,000 $4,660 2.76%
ANN ARBOR, MI 16 $10,220,000 $638,750 $2,816 2.86%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 14 $10,080,000 $720,000 $4,218 2.83%
SEBASTIAN-VERO BEACH, FL 12 $10,030,000 $835,833 $6,342 2.80%
DURHAM-CHAPEL HILL, NC 15 $9,725,000 $648,333 $2,060 2.89%
CLEVELAND-ELYRIA, OH 13 $9,595,000 $738,077 $4,166 2.82%
COLUMBUS, OH 18 $9,400,000 $522,222 $3,995 2.75%
PITTSBURGH, PA 14 $8,790,000 $627,857 $5,892 2.85%
DETROIT-DEARBORN-LIVONIA, MI 13 $8,265,000 $635,769 $3,237 3.01%
TACOMA-LAKEWOOD, WA 11 $7,935,000 $721,364 $3,128 2.84%
INDIANAPOLIS-CARMEL-ANDERSON, IN 16 $7,920,000 $495,000 $2,975 2.82%
TUCSON, AZ 14 $7,690,000 $549,286 $3,022 2.90%
ASHEVILLE, NC 13 $7,665,000 $589,615 $3,543 2.77%
CHARLOTTESVILLE, VA 12 $7,400,000 $616,667 $3,278 3.16%
COLORADO SPRINGS, CO 13 $7,175,000 $551,923 $2,810 2.87%
SALT LAKE CITY, UT 10 $6,980,000 $698,000 $2,772 2.95%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 12 $6,850,000 $570,833 $5,866 2.83%
TRENTON-PRINCETON, NJ 11 $6,845,000 $622,273 $4,348 2.91%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 14 $6,810,000 $486,429 $3,167 2.94%
COEUR D'ALENE, ID 14 $6,570,000 $469,286 $3,802 3.19%
FORT COLLINS, CO 16 $6,410,000 $400,625 $2,326 3.15%
ALBUQUERQUE, NM 9 $6,355,000 $706,111 $3,253 2.87%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 11 $6,305,000 $573,182 $4,139 3.03%
VALLEJO, CA 13 $6,285,000 $483,462 $3,052 3.08%
ATLANTIC CITY-HAMMONTON, NJ 10 $6,220,000 $622,000 $4,012 2.94%
PRESCOTT VALLEY-PRESCOTT, AZ 12 $6,210,000 $517,500 $3,663 2.90%
CINCINNATI, OH-KY-IN 11 $5,885,000 $535,000 $3,267 2.80%
GREENVILLE-ANDERSON, SC 9 $5,595,000 $621,667 $3,721 2.76%
BELLINGHAM, WA 10 $5,550,000 $555,000 $3,499 2.83%
SAN ANTONIO-NEW BRAUNFELS, TX 8 $4,700,000 $587,500 $4,720 2.83%
NILES, MI 5 $4,455,000 $891,000 $3,406 3.10%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 10 $4,340,000 $434,000 $3,154 3.01%
ST. GEORGE, UT 5 $3,985,000 $797,000 $3,916 2.84%
WORCESTER, MA-CT 5 $3,935,000 $787,000 $3,514 2.78%
NEW ORLEANS-METAIRIE, LA 7 $3,765,000 $537,857 $3,793 3.14%
PORTLAND-SOUTH PORTLAND, ME 6 $3,580,000 $596,667 $2,582 2.81%
BRUNSWICK, GA 5 $3,545,000 $709,000 $1,753 2.85%
BIRMINGHAM-HOOVER, AL 7 $3,505,000 $500,714 $1,764 3.00%
KAHULUI-WAILUKU-LAHAINA, HI 4 $3,490,000 $872,500 $5,197 3.03%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 8 $3,420,000 $427,500 $4,190 2.74%
FLAGSTAFF, AZ 3 $3,335,000 $1,111,667 $6,349 3.16%
GREENSBORO-HIGH POINT, NC 5 $3,285,000 $657,000 $2,262 2.99%
FRESNO, CA 6 $3,200,000 $533,333 $4,154 2.81%
MOUNT VERNON-ANACORTES, WA 4 $3,200,000 $800,000 $3,368 2.81%
WILMINGTON, DE-MD-NJ 8 $3,180,000 $397,500 $3,901 2.90%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 5 $3,015,000 $603,000 $2,946 2.86%
SYRACUSE, NY 1 $3,005,000 $3,005,000 $9,953 2.93%
MEDFORD, OR 6 $2,980,000 $496,667 $3,471 2.89%
MADISON, WI 7 $2,905,000 $415,000 $2,535 2.86%
OKLAHOMA CITY, OK 5 $2,905,000 $581,000 $3,556 2.92%
MEMPHIS, TN-MS-AR 6 $2,900,000 $483,333 $2,564 2.99%
BAKERSFIELD, CA 5 $2,695,000 $539,000 $2,805 3.16%
THE VILLAGES, FL 7 $2,555,000 $365,000 $3,996 2.86%
NEW HAVEN-MILFORD, CT 6 $2,520,000 $420,000 $3,576 2.89%
GAINESVILLE, GA 4 $2,440,000 $610,000 $4,447 3.01%
KNOXVILLE, TN 5 $2,395,000 $479,000 $3,717 2.90%
PUNTA GORDA, FL 4 $2,370,000 $592,500 $2,242 2.82%
LEXINGTON-FAYETTE, KY 5 $2,325,000 $465,000 $2,408 2.77%
PITTSFIELD, MA 4 $2,290,000 $572,500 $3,532 2.50%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 4 $2,240,000 $560,000 $2,762 2.80%
WENATCHEE, WA 6 $2,150,000 $358,333 $2,573 3.35%
MANCHESTER-NASHUA, NH 4 $2,060,000 $515,000 $2,232 3.05%
CHICO, CA 4 $2,000,000 $500,000 $3,084 3.03%
HICKORY-LENOIR-MORGANTON, NC 3 $1,875,000 $625,000 $3,395 2.96%
WINSTON-SALEM, NC 5 $1,865,000 $373,000 $1,810 2.99%
PUEBLO, CO 1 $1,865,000 $1,865,000 $5,478 2.65%
WILMINGTON, NC 3 $1,855,000 $618,333 $3,032 2.94%
OLYMPIA-LACEY-TUMWATER, WA 5 $1,845,000 $369,000 $3,175 2.97%
GRAND RAPIDS-KENTWOOD, MI 4 $1,820,000 $455,000 $3,268 2.99%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 6 $1,810,000 $301,667 $4,015 3.08%
SPOKANE-SPOKANE VALLEY, WA 4 $1,790,000 $447,500 $2,673 3.01%
SPARTANBURG, SC 2 $1,770,000 $885,000 $6,206 2.88%
DES MOINES-WEST DES MOINES, IA 4 $1,750,000 $437,500 $1,449 3.13%
ELGIN, IL 4 $1,670,000 $417,500 $2,358 2.80%
PENSACOLA-FERRY PASS-BRENT, FL 3 $1,665,000 $555,000 $3,403 3.31%
STOCKTON, CA 4 $1,630,000 $407,500 $3,395 3.03%
PROVO-OREM, UT 2 $1,550,000 $775,000 $1,406 3.28%
BURLINGTON-SOUTH BURLINGTON, VT 2 $1,490,000 $745,000 $3,502 2.74%
COLUMBIA, SC 4 $1,480,000 $370,000 $3,241 3.09%
SAVANNAH, GA 3 $1,435,000 $478,333 $3,364 3.00%
CORPUS CHRISTI, TX 3 $1,425,000 $475,000 $4,345 2.57%
ALBANY-SCHENECTADY-TROY, NY 2 $1,400,000 $700,000 $4,544 2.94%
GULFPORT-BILOXI, MS 1 $1,355,000 $1,355,000 $4,671 3.38%
DAYTON-KETTERING, OH 5 $1,275,000 $255,000 $3,044 3.10%
OMAHA-COUNCIL BLUFFS, NE-IA 2 $1,170,000 $585,000 $4,216 2.75%
OGDEN-CLEARFIELD, UT 2 $1,160,000 $580,000 $1,984 3.29%
EUGENE-SPRINGFIELD, OR 4 $1,150,000 $287,500 $3,628 2.81%
GREELEY, CO 3 $1,145,000 $381,667 $3,135 2.63%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 2 $1,140,000 $570,000 $2,774 3.20%
SPRINGFIELD, MO 1 $1,085,000 $1,085,000 $3,462 2.75%
CAMDEN, NJ 3 $1,035,000 $345,000 $2,761 3.21%
FLINT, MI 2 $1,020,000 $510,000 $3,686 3.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL 2 $980,000 $490,000 $5,592 3.30%
PEORIA, IL 1 $975,000 $975,000 $3,633 2.50%
DAPHNE-FAIRHOPE-FOLEY, AL 2 $970,000 $485,000 $2,392 2.81%
SALEM, OR 3 $925,000 $308,333 $4,248 2.88%
HARRISBURG-CARLISLE, PA 2 $900,000 $450,000 $4,315 2.38%
READING, PA 1 $855,000 $855,000 $7,250 2.75%
TULSA, OK 2 $810,000 $405,000 $271 3.00%
GAINESVILLE, FL 1 $795,000 $795,000 $4,323 2.75%
GARY, IN 2 $790,000 $395,000 $2,805 3.15%
COLLEGE STATION-BRYAN, TX 1 $765,000 $765,000 $6,317 2.63%
LAKELAND-WINTER HAVEN, FL 2 $760,000 $380,000 $5,360 3.13%
GRAND JUNCTION, CO 1 $755,000 $755,000 $1,536 3.00%
TUSCALOOSA, AL 1 $715,000 $715,000 $3,119 2.88%
AUGUSTA-RICHMOND COUNTY, GA-SC 1 $695,000 $695,000 $7,340 2.75%
CHATTANOOGA, TN-GA 2 $690,000 $345,000 $2,943 2.94%
WACO, TX 1 $645,000 $645,000 $1,055 3.50%
MODESTO, CA 1 $635,000 $635,000 $292 3.00%
ATHENS-CLARKE COUNTY, GA 1 $605,000 $605,000 $0 3.18%
KINGSTON, NY 2 $600,000 $300,000 $4,313 2.91%
TALLAHASSEE, FL 1 $585,000 $585,000 $5,783 2.75%
OSHKOSH-NEENAH, WI 1 $545,000 $545,000 $2,248 2.50%
ANCHORAGE, AK 3 $505,000 $168,333 $3,544 3.14%
STATE COLLEGE, PA 2 $490,000 $245,000 $2,734 2.90%
LYNCHBURG, VA 2 $490,000 $245,000 $2,751 2.95%
JACKSON, MS 2 $440,000 $220,000 $2,148 3.11%
REDDING, CA 1 $405,000 $405,000 $0 2.85%
FORT WAYNE, IN 2 $390,000 $195,000 $2,073 3.09%
BATON ROUGE, LA 1 $355,000 $355,000 $0 3.13%
RAPID CITY, SD 1 $345,000 $345,000 $2,871 2.63%
LONGVIEW, WA 1 $335,000 $335,000 $3,171 2.55%
BLOOMINGTON, IN 1 $335,000 $335,000 $2,520 2.50%
CHARLESTON, WV 2 $320,000 $160,000 $2,669 3.01%
APPLETON, WI 1 $315,000 $315,000 $0 3.03%
LANSING-EAST LANSING, MI 1 $315,000 $315,000 $3,156 2.55%
MISSOULA, MT 1 $305,000 $305,000 $3,332 2.88%
BANGOR, ME 1 $305,000 $305,000 $3,196 2.80%
AKRON, OH 2 $300,000 $150,000 $3,453 3.19%
VISALIA, CA 2 $300,000 $150,000 $2,788 3.18%
SPRINGFIELD, MA 1 $285,000 $285,000 $4,051 3.18%
WICHITA, KS 2 $280,000 $140,000 $2,615 3.25%
EL CENTRO, CA 1 $255,000 $255,000 $0 2.88%
FAYETTEVILLE, NC 1 $255,000 $255,000 $2,789 3.38%
ITHACA, NY 1 $255,000 $255,000 $2,297 3.50%
WARNER ROBINS, GA 1 $215,000 $215,000 $2,653 2.38%
ROCHESTER, NY 2 $210,000 $105,000 $2,846 3.75%
AUBURN-OPELIKA, AL 1 $205,000 $205,000 $3,590 2.63%
DOTHAN, AL 1 $205,000 $205,000 $2,313 2.50%
YUMA, AZ 1 $195,000 $195,000 $0 3.13%
LINCOLN, NE 1 $185,000 $185,000 $2,778 2.95%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 1 $185,000 $185,000 $1,932 3.00%
LAKE HAVASU CITY-KINGMAN, AZ 1 $175,000 $175,000 $0 3.95%
BILLINGS, MT 1 $175,000 $175,000 $3,058 3.05%
WILLIAMSPORT, PA 1 $175,000 $175,000 $4,941 2.90%
HUNTSVILLE, AL 1 $165,000 $165,000 $2,921 3.18%
BUFFALO-CHEEKTOWAGA, NY 1 $145,000 $145,000 $2,748 3.18%
CARSON CITY, NV 1 $125,000 $125,000 $0 3.13%
NORWICH-NEW LONDON, CT 1 $125,000 $125,000 $2,974 2.75%
HOT SPRINGS, AR 1 $105,000 $105,000 $2,206 2.98%

Charles Schwab Bank Ssb's top markets include San Francisco, Los Angeles, San Jose, Oakland, and Anaheim among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 4,960 $4,073,110,000 $821,192
3-4% 2,150 $1,532,800,000 $712,930
<2.5% 1,402 $1,342,300,000 $957,418
4-5% 89 $24,375,000 $273,876
5-6% 1 $55,000 $55,000

During 2020, Charles Schwab Bank Ssb's average interest rate was 2.99%, while their most frequently originated rate bucket was 2.5-3%, with 4,960 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$600k-1MM 3,634 $2,893,180,000 $796,142 $3,644 2.87%
$1MM+ 1,985 $2,982,875,000 $1,502,708 $5,434 2.80%
$400k-600k 1,315 $666,575,000 $506,901 $3,104 2.87%
$200k-400k 1,279 $376,345,000 $294,249 $2,655 2.95%
$100k-200k 326 $49,250,000 $151,074 $2,854 3.19%
$100,000 or less 63 $4,415,000 $70,079 $2,876 3.55%

2020 saw Charles Schwab Bank Ssb place emphasis on $600k-1MM loans with 3,634 originations, totaling $2,893,180,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 4,750 $4,753,860,000 $1,000,813 $4,234 2.84%
$150k-250k 2,183 $1,484,295,000 $679,934 $3,670 2.92%
$100k-150k 970 $470,430,000 $484,979 $3,013 2.93%
$75k-100k 365 $127,955,000 $350,562 $2,800 2.96%
$50k-75k 226 $66,890,000 $295,973 $2,827 2.96%
$50k or less 108 $69,210,000 $640,833 $4,620 2.89%

Charles Schwab Bank Ssb lent most frequently to those with incomes in the $250k+ range, with 4,750 originations. The second most popular income band? $150k-250k, with 2,183 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,722 $1,352,020,000 $785,145 $3,762 2.86%
30-36% 1,365 $1,069,945,000 $783,842 $3,702 2.92%
<20% 1,057 $922,165,000 $872,436 $3,953 2.79%
50-60% 541 $463,135,000 $856,072 $3,791 2.81%
42% 381 $307,045,000 $805,892 $4,067 2.98%
>60% 356 $340,440,000 $956,292 $4,032 2.78%
41% 352 $283,470,000 $805,313 $3,698 2.93%
40% 330 $258,000,000 $781,818 $3,956 2.97%
39% 300 $247,300,000 $824,333 $4,291 2.88%
36% 287 $228,895,000 $797,544 $3,822 2.97%
37% 283 $252,035,000 $890,583 $4,304 2.88%
38% 261 $201,385,000 $771,590 $3,661 2.95%
49% 240 $174,560,000 $727,333 $4,061 2.94%
44% 217 $174,085,000 $802,235 $3,836 2.98%
43% 193 $155,395,000 $805,155 $4,204 2.84%
46% 188 $136,820,000 $727,766 $3,660 2.91%
47% 186 $158,340,000 $851,290 $3,867 2.87%
48% 176 $127,240,000 $722,955 $3,458 2.92%
45% 167 $120,365,000 $720,749 $3,525 2.96%

Charles Schwab Bank Ssb lent most frequently to those with DTI ratios of 20-30%, with 1,722 originations. The next most common DTI ratio? 30-36%, with 1,365 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 4,560 $3,574,920,000 $783,974 $3,784 2.89%
Not provided 3,503 $2,925,835,000 $835,237 $3,919 2.88%
Asian 401 $362,155,000 $903,130 $4,091 2.84%
Asian Indian 51 $44,145,000 $865,588 $3,809 2.80%
Black 44 $29,830,000 $677,955 $3,521 2.93%
Chinese 18 $13,070,000 $726,111 $3,739 3.03%
Other Asian 8 $7,980,000 $997,500 $2,940 2.87%
Korean 3 $4,705,000 $1,568,333 $7,553 2.67%
American Indian 5 $4,585,000 $917,000 $4,296 2.93%
Native Hawaiian 5 $3,635,000 $727,000 $3,665 2.80%
Japanese 2 $890,000 $445,000 $2,503 2.75%
Filipino 1 $585,000 $585,000 $2,753 3.13%
Other Pacific Islander 1 $305,000 $305,000 $0 3.00%

Approval Rates

Total approvals of all applications
96.83%

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
98.25%

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 8,602 $6,972,640,000 $810,584

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Site-Built 8,602 $6,972,640,000 $810,584

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,808 $1,328,840,000 $734,978 $3,218 2.81%
40-60% 3,059 $2,663,915,000 $870,845 $3,644 2.82%
60-80% 2,778 $2,467,750,000 $888,319 $4,464 2.95%
80-100% 294 $249,650,000 $849,150 $5,365 2.98%
Under 20% 663 $262,485,000 $395,905 $2,730 3.06%

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 $267,732,000

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $4,605,000
Net interest income $4,527,000
Total noninterest income $19,000
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,000
Trading account gains and fees $0
Additional Noninterest Income $18,000
Pre-tax net operating income $3,314,000
Securities gains (or losses, -) $2,000
Income before extraordinary items $2,562,000
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $2,562,000
Minority interest net income $0
Net income $2,562,000
Sale, conversion, retirement of capital stock, net $0
Net operating income $2,560,420

Bank Expenses

Item Value (in 000's)
Total interest expense $78,000
Provision for credit losses $10,000
Total noninterest expense $1,222,000
Salaries and employee benefits $108,000
Premises and equipment expense $9,000
Additional noninterest expense $1,105,000
Applicable income taxes $754,000
Net charge-offs $-1,000
Cash dividends $0

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 1.0%
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 $317,822,000
Deposits held in domestic offices $317,822,000
Deposits by Individuals, partnerships, and corporations $317,817,000
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. $5,000
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $313,699,000
Demand deposits $295,727,000
Nontransaction accounts $4,123,000
Money market deposit accounts (MMDAs) $4,123,000
Other savings deposits (excluding MMDAs) $0
Total time deposits $0
Total time and savings deposits $22,095,000
Noninterest-bearing deposits $14,000
Interest-bearing deposits $317,808,000
Retail deposits $306,036,000
IRAs and Keogh plan accounts $100,632,000
Brokered deposits $17,514,000
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $342,023,000
Cash & Balances due from depository institutions $24,823,000
Interest-bearing balances $24,778,000
Total securities $291,439,000
Federal funds sold & reverse repurchase $0
Net loans and leases $23,968,000
Loan and leases loss allowance $30,000
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 $1,775,000

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $342,023,000
Total Liabilities $319,800,000
Total deposits $317,822,000
Interest-bearing deposits $317,808,000
Deposits held in domestic offices $317,822,000
% insured (estimated) $72
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $1,978,000

Issued Loan Types

Type Value (in 000's)
Net loans and leases $23,968,000
Loan and leases loss allowance $30,000
Total loans and leases (domestic) $23,998,000
All real estate loans $15,745,000
Real estate loans in domestic offices $15,745,000
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 $15,745,000
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $1,546,000
To non-U.S. addressees $0
Loans to individuals $5,211,000
Credit card loans $0
Related Plans $5,211,000
Consumer Auto Loans $0
Other loans to individuals $0
All other loans & leases $1,496,000
Loans to foreign governments and official institutions $0
Other loans $1,496,000
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $1,741,000
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $1,000
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Commercial & Industrial, US addressed loans - <$1MM 987 $315,000 $319,149
Commercial & Industrial, US addressed loans - <$100k 251 $14,000 $55,777
Commercial & Industrial, US addressed loans - $100-250k 262 $45,000 $171,756
Commercial & Industrial, US addressed loans - $250k-1MM 474 $256,000 $540,084