NexBank, SSB

2515 Mckinney Ave, Suite 1100
Dallas, TX 75201

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29209
Date Established 1934
Assets $8.22 billion
Loans $5.10 billion
Deposits $6.01 billion
Capital $0.68 billion

NexBank, SSB is an FDIC insured institution located in Dallas, TX. It was founded in 1934 and has approximately $8.22 billion in assets. Customers can open an account at one of its 4 branches.

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

Deposit Rates - August 25, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
1.40% $1,000 $4,999 Learn MoreShow Less
Money Market
1.80% $5,000 $24,999 Learn MoreShow Less
Money Market
2.05% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
1.85% $10,000 - Learn MoreShow Less
6 Mo CD
1.90% $10,000 - Learn MoreShow Less
12 Mo CD
2.10% $10,000 - Learn MoreShow Less
18 Mo CD
2.10% $10,000 - Learn MoreShow Less
24 Mo CD
2.10% $10,000 - Learn MoreShow Less
36 Mo CD
2.10% $10,000 - Learn MoreShow Less
48 Mo CD
2.10% $10,000 - Learn MoreShow Less
60 Mo CD
2.10% $10,000 - Learn MoreShow Less

Int Checking Rates APY MIN MAX
Int Ckg
1.25% $2,000 - Learn MoreShow Less

Loan Rates - August 25, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for NexBank, SSB

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.625% 4.625% 0.00 $0 $1,286 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.529% 3.500% 0.38 $898 $1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$0 Learn More
More Info

Note to NexBank, SSB
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Branches

NexBank, SSB 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


NexBank, SSB Locations


Financial Details

NexBank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of NexBank, SSB. 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
NexBank, SSB U.S. Bank Average
1.09% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, NexBank, SSB had $5,848,000 in non-current loans and $1,907,000 in owned real estate. To cover these potential losses it had $676,405,000 in equity and $31,990,000 in loans loss reserves. That gives it a Texas Ratio of 1.09%.

Return on Equity
NexBank, SSB U.S. Bank Average
12.37% 9.47%

NexBank, SSB has a Return on Equity of 12.37% versus the BestCashCow average of 9.47%. 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
NexBank, SSB U.S. Bank Average
8.23% 12.49%

NexBank, SSB has a Capitalization of 8.23% versus the BestCashCow average of 12.49. 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.

NexBank, SSB Balance Sheet Analysis

As of March 31, 2019, NexBank, SSB had assets of $8,221,288,000, loans of $5,098,067,000, and deposits of $6,008,294,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.96 billion
Interest-bearing balances $0.92 billion
Total securities $1.81 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $5.10 billion
Loan loss allowance $0.03 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.06 billion
All other assets $0.29 billion
     Total Assets $7.54 billion
LIABILITIES
Total deposits $6.01 billion
      Interest-bearing deposits $5.64 billion
      Deposits held in domestic offices $6.01 billion
      % insured (estimated) 76.40%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $1.43 billion
Subordinated debt $0.00 billion
All other liabilities $0.11 billion
      Total Liabilities $7.54 billion
      Shareholders’ Equity $0.68 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.06 billion
Total Interest Expense $0.03 billion
Net interest income $0.04 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.02 billion

Bank Loan Profile?

The top three loan types in NexBank, SSB’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Texas, NexBank, SSB has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

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 50.08
Multifamily
Mortgages
9.51
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.15
Construction and Development Loans 2.82
Commercial Real Estate 11.66
Commercial and Industrial Loans 14.48
Farm Loans 0.00

Frequently Asked Questions About Nexbank, Ssb

Branches and Savings

Is Nexbank, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #29209.

Why does Nexbank, Ssb pay such low interest on savings accounts?

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

Why are Nexbank, Ssb CD rates not competitive?

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

Is Nexbank, Ssb a commercial bank?

Yes

Where are Nexbank, Ssb locations?

See branch locations nearby.

Is Nexbank, Ssb open on Saturdays?

Is Nexbank, Ssb open on Sundays?

What time does Nexbank, Ssb open?

What time does Nexbank, Ssb close?

Are Nexbank, Ssb ATMs Open 24/7?

Do Nexbank, Ssb ATMs accept cash deposits?

Can Nexbank, Ssb customers use other ATMs?

Do Nexbank, Ssb branches have notaries?

Will Nexbank, Ssb notarize my document?

What address for Nexbank, Ssb should I put for incoming ACH transfers?

Will the Nexbank, Ssb branch print checks?

Do Nexbank, Ssb checks expire?

Does Nexbank, Ssb require US citizenship to open account?

Can Nexbank, Ssb close my account?

Does Nexbank, Ssb Report to credit bureaus?

Does Nexbank, Ssb Use Equifax?

What is Nexbank, Ssb's ACH Routing Number?

What is Nexbank, Ssb's SWIFT code?

Products

Does Nexbank, Ssb offer mortgages?

Compare mortgage rates here.

Does Nexbank, Ssb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Nexbank, Ssb offer personal loans?

Compare personal loan rates here.

Does Nexbank, Ssb offer student loans?

Will Nexbank, Ssb cash a check?

Will Nexbank, Ssb redeem a savings bond?

Does Nexbank, Ssb cash savings bonds?

Will Nexbank, Ssb cash money orders?

Can Nexbank, Ssb issue a money order?

Does Nexbank, Ssb do currency exchange?

Background on The Bank

Who owns Nexbank, Ssb?

How long has Nexbank, Ssb been around?

Can Nexbank, Ssb transfer to other banks?

Does Nexbank, Ssb have quick pay?

Does Nexbank, Ssb accept rolled coins?

Will Nexbank, Ssb accept loose change?

Where is Nexbank, Ssb headquarters?

Customer Reviews for NexBank, SSB


  • Ange

    August 20, 2019 |

    Very corrupt, disorganized company. Associated with Dovenmuehle and or the same company. Extremely poor ratings all over the internet. Should be sued and closed down.
    If I could give it -10 stars, that would be too good.

  • Jamaal Robinson

    August 17, 2016

    Hello,

    I am the CEO of a small credit union here in Dallas, and we are currently looking for another financial institution to deposit a CD into. We are not receiving much of a benefit from our current institution, and would like to know the criteria to becoming a member and depositing into your fine establishment. If you have a chance, please have a representative to contact me at 214.375.4271 or email me at goodstreetfcu@sbcglobal.net.


    Thank you for your time, and we look forward to speaking with you.


    Jamaal D. Robinson
    Interim CEO
    Good Street FCU

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