3 star ratingAverage User Rating:
3 star rating based on 3 reviews.

First Nebraska Bank

First Nebraska Bank Locations
330 North Spruce Street
Valley, NE 68064
(402) 359-2281
www.firstnebraskabank.com

FDIC


First Nebraska Bank is headquartered in Valley and is the 41st largest bank in the state of Nebraska. It is also the 2,491st largest bank in the nation. It was established in 1934 and as of December of 2012, it had grown to 85 employees at 12 locations. First Nebraska Bank has a 5-star health rating.

Related Posts

High-Yield Reward Checking Account at First Nebraska Bank - Local Only - 10/5/2009

First Nebraska Bank is offering a high-yield reward checking account called Real Checking. The account has the following rates and features if certain monthly requirements are met:5.00% APY on balances up to $25,0000.50% APY on portion of balance over...



See Rates for: Checking | Savings | Money Market | CD | IRA

First Nebraska Bank Checking Account Rates

ApyMinMaxProduct
0.05%--49er Checking Account
0.05%--Hometown Checking Account

First Nebraska Bank Savings Account Rates

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0.25%--Health Savings Account
0.10%$100-Savings Account

First Nebraska Bank Money Market Rates

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0.25%$100k-Money Market Investment Account

First Nebraska Bank CD Rates

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1.26%$200-60 Month Certificate
1.05%$200-48 Month Certificate
0.85%$200-36 Month Certificate
0.65%$500-24 Month Certificate
0.50%$500-18 Month Certificate
0.40%$500-15 Month Certificate
0.35%$500-12 Month Certificate
0.25%$500-9 Month Certificate
0.25%$500-12 Month Certificate-No Penalty
0.15%$500-6 Month Certificate
0.10%$500-3 Month Certificate

First Nebraska Bank IRA Rates

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1.31%$200-IRA - 60 Month
0.60%$200-IRA - 18 Month

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


First Nebraska Bank
FDIC Certificate #12248
BankRate ReportView
Year Established1934
Employees85
Primary RegulatorFED

Assets and Liabilities

Assets$259.23 million
Loans$150.44 million
Deposits$219.90 million
Equity Capital$22.48 million
Loan Loss Allowance$1.34 million
Unbacked Noncurrent Loans$332,000
Real Estate Owned$634,000

Historic Data - December 2011

Assets$178.15 million
Equity Capital$16.84 million
Loan Loss Allowance$1.16 million
Unbacked Noncurrent Loans$363,000
Real Estate Owned$984,000

Profit Margin - Quarterly

Net Interest Margin3.67%
Return on Assets1.53%
Return on Equity17%
Interest Income$8.26 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 First Nebraska Bank had $966,000 in non-current loans and owned real-estate with $23.82 million in equity and loan loss allowances on hand to cover it. This gives First Nebraska Bank a Texas Ratio of 4.06% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for First Nebraska Bank decreased significantly from 7.48% as of December 31, 2011 to 4.06% as of December 31, 2012, resulting in a positive change of 45.81%.This indicates that the balance sheet and financial strength for First Nebraska Bank has improved significantly in recent periods.
Deposit Growth5
In the past year, First Nebraska Bank has increased its total deposits by $71.22 million, resulting in 47.91% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Nebraska Bank has shown is excellent.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Nebraska Bank has $259.23 million in assets with $23.82 million in equity, resulting in a capitalization level of 9.19%, which is average.
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Rewards Checking Rate Going To 3% Feb 1, 2011
3 stars - SmlBnkr - Sunday, January 30, 2011 - 3:49 AM

Well, here is the lame attempt (below) at an explanation as to why these guys are lowering their rates - AGAIN.  For some reason other banks continue to offer 4+% rewards checking......but the economy is apparently too sluggish for First Nebraska Bank to continue to offer this rate.

Time to move your money all....my recommendation is Bank of Nebraska.  They currently offer over 4% and have the same account terms, except that you need to rack up 12 card swipes per month versus 10...

(Email I received from First Nebraska Bank):

I know that you are aware that deposit rates have been at historically low levels for quite some time.  With the U.S. Economy continuing to be sluggish, it doesn't appear that these rates will change anytime soon.  Unfortunately this means First Nebraska Bank needs to lower its "Real Checking" interest rate again.  The interest rate on this account will change from 4% APY to 3% APY on February 1, 2011.  We appreciate your understanding the need to lower this rate and thank-you for doing business with First Nebraska Bank.

(They appreciate my understanding?  I'm glad to see that they'll understand why I'm closing this rewards checking account then...)

7

Weird Bank
1 stars - ts - Tuesday, August 31, 2010 - 3:49 PM

This bank operates in a weird way. A month and a half after I opened my account, they closed it without notice because I made a ACH transaction that made my balance zero (not overdraft). This was weird because the account was a 'no minimum balance account', and so a zero balance should be okay. I called them and explained that I never asked for a closure. So they reopened it, but after a week I get a call stating that they are closing it again because they don't see any big dollar transactions in the 1.5 months that it was open and apparently because I was 'verbal' on the phone when I had complained about my account being closed without notice. Very weird. Perhaps they want only rich customers. Well, I am doing okay with a 5 figure salary, its just that I decided to wait before entrusting my money to them. So they probably assumed that I am broke. Another possibility is that they might be racist -- looking for just white customers. I am saying this because the vice president seemed to habitually mispronounce and fumble my name a number of times without attempting to actually give it a try to read it right. Overall, a suspect bank, with a suspect management. Stay away. 

4

First Nebraska Bank
5 stars - GoHuskers - Tuesday, July 17, 2012 - 1:01 PM

Great bank, friendly staff, local management able to make quick decisions.   Very competitive with mortgage rates.  Highly recommended.  

2