USAA Federal Savings Bank
Phoenix, Arizona, Maricopa County
$106B in total assets, the 31st largest of 4,309 US banks and 1st of 13 headquartered in Arizona.
- FDIC certificate
- 32188
- Established
- 1983
- Owned by
- United Services Automobile Assn
- Primary regulator
- OCC
- Website
- www.usaa.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $106B | 3% | $255B | |
| Loans | $46.2B | 3% | $149B | |
| Deposits | $92.0B | 6% | $225B | |
| Return on assets | 0.62% | 3% | 1.22% | |
| Net interest margin | 5.30% | 90% | 3.14% | |
| Efficiency ratio | 69.2% | 90% | 54.8% | |
| Equity to assets | 5.48% | 2% | 9.76% | |
| Loans to deposits | 50% | 26% | 74% |
Growth
Total assets grew -1.7% a year over the last 5 years and 3.5% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jun 2024 | USAA Savings Bank Las Vegas, NV, an affiliate under the same holding company | $2.6B |
| Apr 1993 | USAA Financial Services Association Salt Lake City, UT | $85M |
| Apr 1993 | USAA Credit Card Bank Salt Lake City, UT | $330M |
Where they operate
2 branches in 2 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Bexar County, TX | $92.0B | 56.0% | 1 of 50 |
| Maricopa County, AZ | $0K | 0.0% | 54 of 55 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 1 branch since 2016 (1 to 2, +100.0%). 1 opened, 0 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 1 | |||
| 2024 | Opened San Antonio | 1 | 0 | +1 | 2 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Consumer | 93% | 18% | |
| 1-4 family residential | 7% | 19% | |
| Construction and land | 0% | 2% | |
| Multifamily | 0% | 3% | |
| Commercial real estate | 0% | 8% | |
| Business (C&I) | 0% | 19% | |
| Other | 0% | 32% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 94% | 71% | |
| Time deposits | 6% | 13% | |
| Noninterest-bearing | 0% | 16% |
Brokered deposits are 0.0% of deposits (peers 7.4%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.06% | 0.86% |
| Net charge-offs, annualized | 2.08% | 0.35% |
| Reserves to loans | 4.10% | 1.39% |
| Leverage ratio | 9.29% | 9.49% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Arizona
Largest competitors in Bexar County, TX
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/usaa