Charles Schwab Bank in Reno, Nevada (NV), CA
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| Charles Schwab Bank | |
|---|---|
| General | FDIC 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 |
| Location | Address: 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 Changes | Corrections |
| Financial Summary | Total 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) |
| 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 |
| 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 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 2.19% |
| 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 ratio | 57.79% |
| 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 deposits | 0.50% |
| 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 |
| 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 Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $106,006,608 |
| Number of Accounts | 1 |
| 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 Accounts | 3959 |
| 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 |
| 10 California Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 1 | 495232 | 100 Post Street Branch | 100 Post St, San Francisco, CA 94108 | June 02, 2009 | Full Service Brick and Mortar |  |
| 2 | 495233 | 106 West Portal Avenue Branch | 106 West Portal Avenue, San Francisco, CA 94127 | June 03, 2009 | Full Service Brick and Mortar | |
| 3 | 495235 | 1300 South El Camino Real Branch | 1300 South El Camino Real, San Mateo, CA 94402 | June 04, 2009 | Full Service Brick and Mortar | |
| 4 | 495236 | 200 California Street Branch | 200 California Street, San Francisco, CA 94111 | June 01, 2009 | Full Service Brick and Mortar | |
| 5 | 495237 | 211 Main Street Branch | 211 Main Street, San Francisco, CA 94105 | October 22, 2008 | Full Service Brick and Mortar | |
| 6 | 495238 | 403 Corte Madera Town Center Branch | 403 Corte Madera Town Center, Corte Madera, CA 94925 | October 20, 2008 | Full Service Brick and Mortar | |
| 8 | 518526 | Campbell California Branch | 10 E Hamilton Ave, Suite 800, Campbell, CA 95008 | May 27, 2010 | Full Service Brick and Mortar | |
| 9 | 518535 | Sunnyvale Branch | 438 East El Camino Real, Sunnyvale, CA 94087 | June 02, 2010 | Full Service Brick and Mortar | |
| 10 | 518536 | 3478 California St Branch | 3478 California St, Suite 100, San Francisco, CA 94118 | May 25, 2010 | Full Service Brick and Mortar | |
| 11 | 518537 | Los Altos Branch | 301 S San Antonio Road, Los Altos, CA 94022 | June 08, 2010 | Full Service Brick and Mortar | |
| 2 Nevada Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 363798 | Charles Schwab Bank | 5190 Neil Road, Reno, NV 89502 | April 28, 2003 | Full Service Brick and Mortar |  |
| 7 | 495239 | 6502 S Mccarran Blvd. Branch | 6502 S Mccarran Blvd, Reno, NV 89509 | June 02, 2009 | Full Service Brick and Mortar | |
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