NexBank

2515 Mckinney Road
Dallas, TX 75201
972-934-4700
www.nexbank.com

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NexBank is headquartered in Dallas and is the 64^th largest bank in the state of Texas. It is also the 806^th largest bank in the nation. It was established in 1934 and as of March of 2013, it had grown to 65 employees at 3 locations. NexBank has a 5-star health rating.

Top 2-Year CD Rate at NexBank - 8/27/2012

NexBank is offering a very competitive 2-year CD that can be opened online. The 2-year CD has a 1.30% APY. There's also a 1-year CD with a 1.05% APY and an 18-month CD with a 1.15% APY. Minimum deposi ...

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 ...

2010

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

2009

2008

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

NexBank Checking Account Rates

	Apy	Min	Max	Product
	0.40%	$100k	-	Platinum One Checking

NexBank Savings Account Rates

	Apy	Min	Max	Product
	0.15%	-	-	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

NexBank CD Rates

Apy	Min	Max	Product
1.10%	$10k	-	60 Month CD
1.10%	$10k	-	Business 60 Month CD
1.00%	$10k	-	48 Month CD
1.00%	$10k	-	Business 48 Month CD
0.90%	$10k	-	36 Month CD
0.90%	$10k	-	Business 36 Month CD
0.80%	$10k	-	Business 24 Month CD
0.80%	$10k	-	24 Month CD
0.70%	$10k	-	18 Month CD
0.70%	$10k	-	Business 18 Month CD
0.60%	$10k	-	12 Month CD
0.60%	$10k	-	Business 12 Month CD
0.35%	$10k	-	6 Month CD
0.35%	$10k	-	Business 6 Month CD
0.25%	$10k	-	3 Month CD
0.25%	$10k	-	Business 3 Month CD
0.15%	$10k	-	1 Month CD
0.15%	$10k	-	2 Month CD
0.15%	$10k	-	Business 1 Month CD
0.15%	$10k	-	Business 2 Month CD

Rates updated: 6/18/2013

Data for Q1 2013

Institution Statistics

NexBank, SSB
FDIC Certificate #	29209
BankRate Report	View
Year Established	1934
Employees	65
Primary Regulator	FDIC
Assets and Liabilities
Assets	$817.42 million
Loans	$618.56 million
Deposits	$713.25 million
Equity Capital	$80.49 million
Loan Loss Allowance	$3.95 million
Unbacked Noncurrent Loans	$89,000
Historic Data - March 2012
Assets	$598.46 million
Equity Capital	$61.05 million
Loan Loss Allowance	$3.16 million
Unbacked Noncurrent Loans	$2.66 million
Real Estate Owned	$1.94 million
Profit Margin - Quarterly
Net Interest Margin	2.8%
Return on Assets	2.06%
Return on Equity	21.28%
Interest Income	$6.81 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, 2013 NexBank had $89,000 in non-current loans and owned real-estate with $84.44 million in equity and loan loss allowances on hand to cover it. This gives NexBank a Texas Ratio of 0.11% which is excellent. 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 7.16% as of March 31, 2012 to 0.11% as of March 31, 2013, resulting in a positive change of 98.53%.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 $235.73 million, resulting in 49.37% 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
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 $817.42 million in assets with $84.44 million in equity, resulting in a capitalization level of 10.33%, which is above average.