Dedicated to Deposits: Deals, Data, and Discussion
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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 NexBank had $454,000 in non-current loans and owned real-estate with $131.64 million in equity and loan loss allowances on hand to cover it. This gives NexBank a Texas Ratio of 0.34% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for NexBank experienced no significant changes from 0.11% as of March 31, 2013 to 0.34% as of March 31, 2014, resulting in a negative change of 227.22%. This indicates that the balance sheet and financial strength for NexBank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, NexBank has increased its total deposits by $418.62 million, resulting in 58.69% 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 NexBank has shown is excellent.

Capitalization

GRADE:
B

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. NexBank has $1.36 billion in assets with $131.64 million in equity, resulting in a capitalization level of 9.71%, which is above average.

Institution Statistics

Overall
FDIC Certificate #29209
Year Established1934
Employees85
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.36 billion
Loans$1.06 billion
Deposits$1.13 billion
Equity Capital$123.85 million
Loan Loss Allowance$7.78 million
Unbacked Noncurrent Loans$454,000
Real Estate Owned$0
Historic Data - March 2013
Assets$817.42 million
Equity Capital$80.49 million
Loan Loss Allowance$3.95 million
Unbacked Noncurrent Loans$454,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.8%
Return on Assets1.34%
Return on Equity14.9%
Interest Income$10.08 million
Rates

Always verify rates and promotions with the bank or credit union. We are not NexBank, we are a rate comparison website and can not provide official rates or promotions.

NexBank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Savings Account

NexBank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$100k-High-Yield Money Market Savings
0.25%$250k-Business High-Yield Money Market Savings

NexBank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Platinum One Checking

NexBank CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$10k-Business 24 Month CD
1.25%$10k-24 Month CD
1.15%$10k-18 Month CD
1.15%$10k-Business 18 Month CD
0.90%$10k-12 Month CD
0.90%$10k-Business 12 Month CD
0.65%$10k-60 Month CD
0.65%$10k-Business 60 Month CD
0.50%$10k-48 Month CD
0.50%$10k-Business 48 Month CD
0.45%$10k-36 Month CD
0.45%$10k-Business 36 Month CD
0.20%$10k-6 Month CD
0.20%$10k-Business 6 Month CD
0.15%$10k-3 Month CD
0.15%$10k-Business 3 Month CD
0.10%$10k-1 Month CD
0.10%$10k-2 Month CD
0.10%$10k-Business 1 Month CD
0.10%$10k-Business 2 Month CD
Locations


NexBank Locations
Nexbank, SSB2515 Mckinney AveDallas, TX 75201
Preston Center Branch6121 Luther LaneDallas, TX 75225