Charles Schwab Bank in Reno, Nevada (NV), CA



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Charles Schwab Bank
GeneralFDIC Certificate #: 57450
Status: Active
Federal Reserve ID: 3150447
Date Established: April 28, 2003
WWW: http://www.schwabbank.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 12 (Domestic: 12, Interstate: Yes)
OTS Docket #: 18077
FDIC's unique #: 363798
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: April 28, 2003
Last Structure Change Effective Date: September 12, 2011
Last Structure Change Process Date: September 12, 2011
Last Data Update: September 12, 2011
Data Source Date: April 05, 2012
LocationAddress: 5190 Neil Road, Reno, NV 89502
County: Washoe
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Phoenix
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Reno, NV (#6720)
Combined Statistical Area (CSA): Reno-Sparks-Fernley, NV (#456)
Core Based Statistical Area (CBSA): Reno-Sparks, NV (#39900)
CBSA Metro Statistical Area: Reno-Sparks, NV (#39900)
History of ChangesCorrections
Financial SummaryTotal assets: $66,063.5 mil
Equity capital: $5,009.0 mil
Deposits held in domestic offices: $60,880.1 mil
Return on assets (ROA): 1.07% ($706.9 mil)
Quarterly return on assets: 0.92% ($607.8 mil)
Return on Equity (ROE): 13.92% ($697.3 mil)
Quarterly return on equity: 11.99% ($600.6 mil)
Net income: $626.7 mil
Quarterly Net income: $143.4 mil
Pretax return on assets: 1.71% ($1,129,686.4 mil)
Quarterly Pretax return on assets: 1.39% ($918,283.1 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)429
Total assets$66,063,531
Cash and due from depository institutions$9,631,997
Interest-bearing balances$9,533,182
Securities$46,007,293
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$9,868,076
Loan loss allowance $50,940
Trading account assets$0
Bank premises and fixed assets$719
Other real estate owned$4,556
Goodwill and other intangibles$17,023
All other assets$533,867
Life insurance assets$66,063,531
Total liabilities and capital$61,054,559
Total liabilities$60,880,111
Total deposits$60,396,831
Interest-bearing deposits$60,880,111
Deposits held in domestic offices$85
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $174,448
All other liabilities $5,008,972
Total equity capital$5,008,972
Total bank equity capital$5,008,972
Perpetual preferred stock$0
Common stock$100,000
Surplus$2,773,217
Undivided profits $2,135,755
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $49,289
Earning assets $0
Long-term assets (5+ years) $125,665
Average Assets, year-to-date $65,408,551
Average Assets, quarterly $0
Volatile liabilities $58,534,347
Insider loans $62,532,397
FHLB advances $21,262,236
Loans and leases held for sale $66,038,068
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $4,984,113
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,800,598
Derivatives$7,423
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,270,416
Total interest expense $61,682
Net interest income $1,208,734
Provision for loan and lease losses $17,880
Total noninterest income $119,879
Fiduciary activities $0
Service charges on deposit accounts $1,538
Trading account gains & fees $0
Additional noninterest income $118,341
Total noninterest expense $281,571
Salaries and employee benefits $48,062
Premises and equipment expense $20,870
Additional noninterest expense $212,639
Pre-tax net operating income $1,029,162
Securities gains (losses) -$29,544
Applicable income taxes $372,893
Income before extraordinary items $626,725
Extraordinary gains - net $0
Net income attributable to bank $626,725
Net charge-offs $0
Cash dividends $626,725
Sale, conversion, retirement of capital stock, net $18,119
Net operating income $150,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets2.19%
Cost of funding earning assets 0.11%
Net interest margin 2.09%
Noninterest income to earning assets 0.21%
Noninterest expense to earning assets 0.49%
Net operating income to assets 1.10%
Return on assets (ROA) 1.07%
Pretax return on assets 1.71%
Return on equity (ROE) 13.92%
Retained earnings to average equity (YTD only) 10.59%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 98.68%
Efficiency ratio57.79%
Assets per employee$21,119
Cash dividends to net income (YTD only)153.99%
Condition Ratios (%)
Loss allowance to loans 23.93%
Loss allowance to noncurrent loans 0.51%
Noncurrent assets plus other real estate owned to assets 103.35%
Noncurrent loans to loans 0.08%
Net loans and leases to deposits0.50%
Net loans and leases to core deposits 16.21%
Equity capital to assets 16.21%
Core capital (leverage) ratio 7.58%
Tier 1 risk-based capital ratio 7.55%
Total risk-based capital ratio 23.44%
Memoranda
Average assets$24
Average earning assets$58,534,347
Average equity $4,503,196
Average loans $57,937,469
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$106,006,608
Number of Accounts1
Personal trust and agency accounts$1,802,882
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$1,802,882
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts3959
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$104,203,726
Corporate trust and agency accounts$1,470,448
Other fiduciary accounts$97,302,589
Fiduciary accounts held in foreign offices$1,360,373
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10 California Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1495232100 Post Street Branch100 Post St, San Francisco, CA 94108June 02, 2009Full Service Brick and Mortar
2495233106 West Portal Avenue Branch106 West Portal Avenue, San Francisco, CA 94127June 03, 2009Full Service Brick and Mortar
34952351300 South El Camino Real Branch1300 South El Camino Real, San Mateo, CA 94402June 04, 2009Full Service Brick and Mortar
4495236200 California Street Branch200 California Street, San Francisco, CA 94111June 01, 2009Full Service Brick and Mortar
5495237211 Main Street Branch211 Main Street, San Francisco, CA 94105October 22, 2008Full Service Brick and Mortar
6495238403 Corte Madera Town Center Branch403 Corte Madera Town Center, Corte Madera, CA 94925October 20, 2008Full Service Brick and Mortar
8518526Campbell California Branch10 E Hamilton Ave, Suite 800, Campbell, CA 95008May 27, 2010Full Service Brick and Mortar
9518535Sunnyvale Branch438 East El Camino Real, Sunnyvale, CA 94087June 02, 2010Full Service Brick and Mortar
105185363478 California St Branch3478 California St, Suite 100, San Francisco, CA 94118May 25, 2010Full Service Brick and Mortar
11518537Los Altos Branch301 S San Antonio Road, Los Altos, CA 94022June 08, 2010Full Service Brick and Mortar
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2 Nevada Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0363798Charles Schwab Bank5190 Neil Road, Reno, NV 89502April 28, 2003Full Service Brick and Mortar
74952396502 S Mccarran Blvd. Branch6502 S Mccarran Blvd, Reno, NV 89509June 02, 2009Full Service Brick and Mortar
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