FNBO Direct Reviews and Rates

Since 1857, First National Bank Omaha has been growing steadily. Originally, FNBO Direct was a small institution, serving only Omaha, Nebraska, and the immediate area. Now, FNBO, a subsidiary of First National Nebraska, serves 6.6 million people all over the country. First National Nebraska is a multi-state holding company, and is the largest privately owned banking company in the U.S.

FNBO offers products that are in line with what you would expect from such an institution: checking accounts, savings accounts and CDs. FNBO also issues Visa branded rewards credit cards. FNBO offers consistently competitive yields on deposit accounts, and a fairly low variable interest rate on its credit card.

In addition to online billpay, FNBO also makes use of Popmoney, which allows you to send payment from your bank account directly to someone else with the help of a text message. You can also receive payment via Popmoney directly to your bank account. The FNBO web site features a number of helpful and educational tools, including a wide array of calculators. One of the most interesting is a calculator that will help you see how long it will take you to save up $1 million.

2011

6/9 - FNBO Direct Cuts Savings Account Rate To 0.85% (Forum)
5/11 - Internet Banks Improving Their Person-to-Person Payment Services
3/18 - Rate Drop At FNBO (Forum)
2/7 - How Rates Have Held up at the Largest Internet Banks
1/25 - Closing Your Account At FNBO Direct (Forum)

2010

12/10 - FNBO Direct $25 Online BillPay Account Bonus
11/12 - FNBO Direct Update: New Cash Back Program and a New Bonus
9/1 - FNBO Direct's New Debit Card Reward Program (Forum)
7/22 - Five Best Regular Interest Checking Accounts Available Nationwide
5/28 - FNBO Direct Cuts Rates on Savings Account and BillPay Account (Forum)
4/22 - Reviews of FNBO Direct's Online BillPay Account, $25 Bonus & Its New Website
3/18 - Review of Person-to-Person Payment Services from ING Direct, FNBO Direct & UnivestDirect
2/19 - FNBO Direct Reduces Savings Account Rate from 1.40% to 1.25% (Forum)

2009

4/5 - 4.00% 60-Month CD at FNBO Direct - Nationally Available

2008

2007

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See Rates for: Checking | Savings | CD

FNBO Direct Checking Account Rates

	Apy	Min	Max	Product
	0.65%	-	$1m	Online Billpay

FNBO Direct Savings Account Rates

	Apy	Min	Max	Product
	0.65%	-	$1m	Online Savings

FNBO Direct CD Rates

Apy	Min	Max	Product
1.65%	$500	$1m	60 Month CD
1.30%	$500	$1m	48 Month CD
0.95%	$500	$1m	36 Month CD
0.75%	$500	$1m	24 Month CD
0.50%	$500	$1m	18 Month CD
0.40%	$500	$1m	12 Month CD
0.31%	$500	$1m	9 Month CD
0.25%	$500	$1m	6 Month CD

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

First National Bank of Omaha
FDIC Certificate #	5452
BankRate Report	View
Year Established	1857
Employees	3711
Primary Regulator	OCC
Assets and Liabilities
Assets	$13.37 billion
Loans	$8.75 billion
Deposits	$10.66 billion
Equity Capital	$1.34 billion
Loan Loss Allowance	$295.13 million
Unbacked Noncurrent Loans	$186.41 million
Real Estate Owned	$31.03 million
Historic Data - March 2011
Assets	$13.15 billion
Equity Capital	$1.34 billion
Loan Loss Allowance	$425.32 million
Unbacked Noncurrent Loans	$233.84 million
Real Estate Owned	$48.00 million
Profit Margin - Quarterly
Net Interest Margin	6.14%
Return on Assets	1.15%
Return on Equity	11.18%
Interest Income	$192.26 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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 March 31, 2012 FNBO Direct had $217.44 million in non-current loans and owned real-estate with $1.63 billion in equity and loan loss allowances on hand to cover it. This gives FNBO Direct a Texas Ratio of 13.30% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for FNBO Direct decreased slightly from 16.02% as of March 31, 2011 to 13.30% as of March 31, 2012, resulting in a positive change of 16.96%.This indicates that the balance sheet and financial strength for FNBO Direct has improved slightly in recent periods.
Deposit Growth
In the past year, FNBO Direct has increased its total deposits by $729.22 million, resulting in 7.35% 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 FNBO Direct has shown is excellent.
Capitalization
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. FNBO Direct has $13.37 billion in assets with $1.63 billion in equity, resulting in a capitalization level of 12.23%, which is excellent.