NexBank

13455 Noel Rd., 1st Floor Galleria Tower II
Dallas, TX 75240
972-934-4700
www.nexbank.com

OverView
Rates
Health
Reviews

NexBank is headquartered in Dallas and is the 76^th largest bank in the state of Texas. It is also the 1,098^th largest bank in the nation. It was established in 1934 and as of September of 2011, it had grown to 61 employees at 2 locations. NexBank's CD rates are 17% higher than the national average, and it has a 4-star health rating.

Bump-Up & Add-On CD at NexBank in Dallas - Texas Only - 10/3/2011

NexBank continues to offer its Triple Advantage CD that offers both bump-up and add-on features. The rate has fallen quite bit since my last post on this in 2010, but it remains competitive. The rate ...

Bump-Up & Add-On CD at NexBank in Dallas Texas - Local Only - 5/2/2010

NexBank continues to offer its Triple Advantage CD that offers both bump-up and add-on features. The rate has fallen a bit since my March post , but it remains competitive. The rate is now 1.95% APY ...

2.00% 24-Month Add-On CD at NexBank in Dallas - Local Only - 3/14/2010

NexBank continues to offer its Triple Advantage CD . However, the rate has fallen 40 basis points since February. The rate is now 2.00% APY for a 2-year term as of 3/14/2010. Nevertheless, this is a ...

NexBank Increases the Rate of its 24-Month CD Special - Texas Only - 2/10/2010

NexBank did something you don't see much of these days. They raised the rate of their 24-month add-on CD. It's now 2.40% APY. When I last reported on this CD in December, it was 2.25%. Minimum deposi ...

2009

2008

Report an Issue

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

NexBank Checking Account Rates

Apy	Min	Max	Product
0.40%	$100k	-	Platinum One Checking
0.15%	-	-	IOLTA
0.15%	$100	-	Business Non-Profit Interest Checking

NexBank Savings Account Rates

Apy	Min	Max	Product
0.15%	-	-	Savings Account
0.15%	-	-	Business Savings Account

NexBank Money Market Rates

Apy	Min	Max	Product
0.50%	$100k	-	High-Yield Money Market Savings
0.25%	$250k	-	Business High-Yield Money Market Savings
0.15%	-	-	Business Money Market Savings

NexBank CD Rates

Apy	Min	Max	Product
1.30%	$10k	-	60 Month CD
1.30%	$10k	-	Business 60 Month CD
1.30%	$10k	-	24 Month Triple Advantage CD
1.25%	$10k	-	48 Month CD
1.25%	$10k	-	Business 48 Month CD
1.15%	$10k	-	36 Month CD
1.15%	$10k	-	Business 36 Month CD
1.15%	$10k	-	18 Month Special CD
1.05%	$10k	-	Business 24 Month CD
1.05%	$10k	-	12 Month Special CD
1.05%	$10k	-	24 Month CD
0.90%	$10k	-	18 Month CD
0.90%	$10k	-	Business 18 Month CD
0.80%	$10k	-	12 Month CD
0.80%	$10k	-	Business 12 Month CD
0.60%	$10k	-	6 Month CD
0.60%	$10k	-	Business 6 Month CD
0.50%	$10k	-	3 Month CD
0.50%	$10k	-	Business 3 Month CD
0.35%	$10k	-	2 Month CD
0.35%	$10k	-	Business 2 Month CD
0.25%	$10k	-	1 Month CD
0.25%	$10k	-	Business 1 Month CD

Rates updated: 2/10/2012 * Not all products updated

Data for Q3 2011

Institution Statistics

NexBank, SSB
FDIC Certificate #	29209
BankRate Report	View
Year Established	1934
Employees	61
Primary Regulator	FDIC
Assets and Liabilities
Assets	$604.86 million
Loans	$309.62 million
Deposits	$461.19 million
Equity Capital	$59.19 million
Loan Loss Allowance	$4.21 million
Unbacked Noncurrent Loans	$7.54 million
Real Estate Owned	$10.86 million
Historic Data - September 2010
Assets	$567.43 million
Equity Capital	$65.12 million
Loan Loss Allowance	$3.62 million
Unbacked Noncurrent Loans	$10.11 million
Real Estate Owned	$25.69 million
Profit Margin - Quarterly
Net Interest Margin	2.13%
Return on Assets	-1.24%
Return on Equity	-11.47%
Interest Income	$14.19 million

Institution Health

Overall Score:

4 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 September 30, 2011 NexBank had $18.4 million in non-current loans and owned real-estate with $63.4 million in equity and loan loss allowances on hand to cover it. This gives NexBank a Texas Ratio of 29.02% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for NexBank decreased significantly from 53.78% as of September 30, 2010 to 29.02% as of September 30, 2011, resulting in a positive change of 46.04%.This indicates that the balance sheet and financial strength for NexBank has improved significantly in recent periods.
Deposit Growth
In the past year, NexBank has increased its total deposits by $20.32 million, resulting in 4.61% 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 above average.
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. NexBank has $604.86 million in assets with $63.4 million in equity, resulting in a capitalization level of 10.48%, which is above average.