Charles Schwab Bank Ssb Mortgage Rates, Fees & Info
West lake Hills, TXLEI: 549300INFJ8TYNZ1G568
Tax ID: 42-1558009
2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data *NEW*
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
8,602Origination Dollar Volume (All Markets)
$6,972,640,000Employee count
708Awards
Details
×
Copy Code
Charles Schwab Bank SSB - 2020 Certified Lowest Rate Lender
Charles Schwab Bank SSB is a 2020 Certified Lowest Rate Lender due to their exceptionally low rates.
For 2020, less than 2.9% of lenders were eligible for this award.
Work for Charles Schwab Bank SSB?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Copy Code
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 applications96.83%
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 origination98.25%
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 |