First Northeast Bank of Nebraska

Headquarters

440 Main Street
Lyons, NE 68038
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.40% 0.95% →
2-Year CD 0.50% 1.05% →
5-Year CD 0.75% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Northeast Bank of Nebraska is an FDIC insured institution located in Lyons, NE. It was founded in 1902 and has approximately $0.3 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 5432
Date Established 1902
Assets $ 296.37 million
Loans $ 181.52 million
Deposits $ 235.95 million
Capital $ 39.28 million
 

For a more detailed analysis of First Northeast Bank of Nebraska's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 26, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.45% $10,000 $14,999 Learn More
18 Mo CD
0.45% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.03% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 26, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Northeast Bank of Nebraska

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to First Northeast Bank of Nebraska
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Branches

First Northeast Bank of Nebraska branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First Northeast Bank of Nebraska Locations


Financial Details

First Northeast Bank of Nebraska Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Northeast Bank of Nebraska. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Northeast Bank of Nebraska U.S. Bank Average
0% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First Northeast Bank of Nebraska had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $39,284,000 in equity and $3,239,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
First Northeast Bank of Nebraska U.S. Bank Average
6.54% 7.80%

First Northeast Bank of Nebraska has a Return on Equity of 6.54% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Northeast Bank of Nebraska U.S. Bank Average
13.25% 12.68%

First Northeast Bank of Nebraska has a Capitalization of 13.25% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Northeast Bank of Nebraska Balance Sheet Analysis

As of March 31, 2020, First Northeast Bank of Nebraska had assets of $296,372,000, loans of $181,522,000, and deposits of $235,946,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 9.92 million
Interest-bearing balances $ 5.45 million
Total securities $ 96.18 million
Federal funds sold and reverse repurchase $ 0.17 million
Net loans and leases $ 181.52 million
Loan loss allowance $ 3.24 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.44 million
All other assets $ 4.59 million
     Total Assets $ 257.09 million
LIABILITIES
Total deposits $ 235.95 million
      Interest-bearing deposits $ 180.52 million
      Deposits held in domestic offices $ 235.95 million
      % insured (estimated) 87.53%
Federal funds purchased and repurchase agreements $ 19.55 million
Trading liabilities N.A.
Other borrowed funds $ 1.10 million
Subordinated debt N.A.
All other liabilities $ 0.50 million
      Total Liabilities $ 257.09 million
      Shareholders’ Equity $ 39.28 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.86 million
Total Interest Expense $ 0.62 million
Net interest income $ 2.24 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.13 million
Total non interest expense $ 1.51 million
Pre-tax Net Operating Income $ 0.83 million

Bank Loan Profile?

The top three loan types in First Northeast Bank of Nebraska’s loan portfolio are Farm Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, First Northeast Bank of Nebraska’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 3.12
Multifamily
Mortgages
0.19
Credit Card Loans 0.00
Consumer Auto Loans 0.54
Small Business Loans 0.00
Construction and Development Loans 7.63
Commercial Real Estate 11.65
Commercial and Industrial Loans 8.12
Farm Loans 33.17

Frequently Asked Questions About First Northeast Bank Of Nebraska

Branches and Savings

Is First Northeast Bank Of Nebraska FDIC insured?

Yes. It is covered under FDIC Certificate #5432.

Why does First Northeast Bank Of Nebraska pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Northeast Bank Of Nebraska CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Northeast Bank Of Nebraska a commercial bank?

Yes

Where are First Northeast Bank Of Nebraska locations?

See branch locations nearby.

Is First Northeast Bank Of Nebraska open on Saturdays?

Is First Northeast Bank Of Nebraska open on Sundays?

What time does First Northeast Bank Of Nebraska open?

What time does First Northeast Bank Of Nebraska close?

Are First Northeast Bank Of Nebraska ATMs Open 24/7?

Do First Northeast Bank Of Nebraska ATMs accept cash deposits?

Can First Northeast Bank Of Nebraska customers use other ATMs?

Do First Northeast Bank Of Nebraska branches have notaries?

Will First Northeast Bank Of Nebraska notarize my document?

What address for First Northeast Bank Of Nebraska should I put for incoming ACH transfers?

Will the First Northeast Bank Of Nebraska branch print checks?

Do First Northeast Bank Of Nebraska checks expire?

Does First Northeast Bank Of Nebraska require US citizenship to open account?

Can First Northeast Bank Of Nebraska close my account?

Does First Northeast Bank Of Nebraska Report to credit bureaus?

Does First Northeast Bank Of Nebraska Use Equifax?

What is First Northeast Bank Of Nebraska's ACH Routing Number?

What is First Northeast Bank Of Nebraska's SWIFT code?

Products

Does First Northeast Bank Of Nebraska offer mortgages?

Compare mortgage rates here.

Does First Northeast Bank Of Nebraska offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Northeast Bank Of Nebraska offer personal loans?

Compare personal loan rates here.

Does First Northeast Bank Of Nebraska offer student loans?

Will First Northeast Bank Of Nebraska cash a check?

Will First Northeast Bank Of Nebraska redeem a savings bond?

Does First Northeast Bank Of Nebraska cash savings bonds?

Will First Northeast Bank Of Nebraska cash money orders?

Can First Northeast Bank Of Nebraska issue a money order?

Does First Northeast Bank Of Nebraska do currency exchange?

Background on The Bank

Who owns First Northeast Bank Of Nebraska?

How long has First Northeast Bank Of Nebraska been around?

Can First Northeast Bank Of Nebraska transfer to other banks?

Does First Northeast Bank Of Nebraska have quick pay?

Does First Northeast Bank Of Nebraska accept rolled coins?

Will First Northeast Bank Of Nebraska accept loose change?

Where is First Northeast Bank Of Nebraska headquarters?

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