Dedicated to Deposits: Deals, Data, and Discussion
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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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, 2013 NexBank had $1.09 million in non-current loans and owned real-estate with $120.28 million in equity and loan loss allowances on hand to cover it. This gives NexBank a Texas Ratio of 0.91% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for NexBank decreased dramatically from 2.50% as of December 31, 2012 to 0.91% as of December 31, 2013, resulting in a positive change of 63.64%.This indicates that the balance sheet and financial strength for NexBank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, NexBank has increased its total deposits by $451.13 million, resulting in 81.1% 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:
C+

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 $1.27 billion in assets with $120.28 million in equity, resulting in a capitalization level of 9.47%, which is average.

Institution Statistics

Overall
FDIC Certificate #29209
Year Established1934
Employees87
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.27 billion
Loans$948.56 million
Deposits$1.01 billion
Equity Capital$112.95 million
Loan Loss Allowance$7.33 million
Unbacked Noncurrent Loans$1.09 million
Real Estate Owned$0
Historic Data - December 2012
Assets$784.78 million
Equity Capital$74.60 million
Loan Loss Allowance$3.70 million
Unbacked Noncurrent Loans$1.09 million
Real Estate Owned$595,000
Profit Margin - Quarterly
Net Interest Margin2.94%
Return on Assets1.34%
Return on Equity14.11%
Interest Income$33.93 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
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
0.40%$10k-Business 24 Month CD
0.40%$10k-24 Month CD
0.35%$10k-18 Month CD
0.35%$10k-Business 18 Month CD
0.30%$10k-12 Month CD
0.30%$10k-Business 12 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