NexBank

Headquarters

2515 Mckinney Ave, Suite 1100
Dallas, TX 75201
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.65% →
1-Year CD 0.75% 0.70% →
2-Year CD 0.75% 0.75% →
5-Year CD 0.75% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

NexBank is an FDIC insured institution located in Dallas, TX. It was founded in 1934 and has approximately $9.15 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 29209
Date Established 1934
Assets $ 9.15 billion
Loans $ 5.56 billion
Deposits $ 7.18 billion
Capital $ 584.71 million
 

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

Deposit Rates - June 22, 2021

Your Current Location: California, CA 92111

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
18 Mo CD
0.75% $10,000 $14,999 Learn More
18 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $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
0.50% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - June 22, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for NexBank

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




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
CIT Bank
NMLS ID: 541760
3.017% 2.950%
0.88 points
$2,145 fees
$1,048 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info

Note to NexBank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

NexBank 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:
San Diego,California


NexBank Locations


Financial Details

NexBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of NexBank. 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 U.S. Bank Average
9.53% 5.49%

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 December 31, 2020, NexBank had $60,123,000 in non-current loans and $292,000 in owned real estate. To cover these potential losses it had $584,710,000 in equity and $49,441,000 in loans loss reserves. That gives it a Texas Ratio of 9.53%.

Return on Equity
NexBank U.S. Bank Average
16.2% 9.24%

NexBank has a Return on Equity of 16.2% versus the BestCashCow average of 9.24%. 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 U.S. Bank Average
6.39% 11.96%

NexBank has a Capitalization of 6.39% versus the BestCashCow average of 11.96. 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 Balance Sheet Analysis

As of December 31, 2020, NexBank had assets of $9,151,935,000, loans of $5,558,125,000, and deposits of $7,179,847,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 1,391.81 million
Interest-bearing balances $ 1,343.20 million
Total securities $ 1,776.71 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 5.56 billion
Loan loss allowance $ 49.44 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.29 million
Goodwill and other intangibles $ 38.73 million
All other assets $ 385.79 million
     Total Assets $ 8.57 billion
LIABILITIES
Total deposits $ 7.18 billion
      Interest-bearing deposits $ 6.69 billion
      Deposits held in domestic offices $ 7.18 billion
      % insured (estimated) 61.77%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1,025.00 million
Subordinated debt N.A.
All other liabilities $ 362.38 million
      Total Liabilities $ 8.57 billion
      Shareholders’ Equity $ 584.71 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 276.46 million
Total Interest Expense $ 86.46 million
Net interest income $ 190.00 million
Provision for loan and lease losses $ 33.10 million
Total non interest income $ 17.57 million
Total non interest expense $ 64.75 million
Pre-tax Net Operating Income $ 109.73 million

Bank Loan Profile?

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

Compared to other banks in Texas, NexBank 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 48.42
Multifamily
Mortgages
10.93
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.09
Construction and Development Loans 2.42
Commercial Real Estate 13.36
Commercial and Industrial Loans 4.16
Farm Loans 0.00

Frequently Asked Questions About Nexbank

Branches and Savings

Is Nexbank FDIC insured?

Yes. It is covered under FDIC Certificate #29209.

Why does Nexbank pay such low interest on savings accounts?

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

Why are Nexbank CD rates not competitive?

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

Is Nexbank a commercial bank?

Yes

Where are Nexbank locations?

See branch locations nearby.

Is Nexbank open on Saturdays?

Is Nexbank open on Sundays?

What time does Nexbank open?

What time does Nexbank close?

Are Nexbank ATMs Open 24/7?

Do Nexbank ATMs accept cash deposits?

Can Nexbank customers use other ATMs?

Do Nexbank branches have notaries?

Will Nexbank notarize my document?

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

Will the Nexbank branch print checks?

Do Nexbank checks expire?

Does Nexbank require US citizenship to open account?

Can Nexbank close my account?

Does Nexbank Report to credit bureaus?

Does Nexbank Use Equifax?

What is Nexbank's ACH Routing Number?

What is Nexbank's SWIFT code?

Products

Does Nexbank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Nexbank offer personal loans?

Compare personal loan rates here.

Does Nexbank offer student loans?

Will Nexbank cash a check?

Will Nexbank redeem a savings bond?

Does Nexbank cash savings bonds?

Will Nexbank cash money orders?

Can Nexbank issue a money order?

Does Nexbank do currency exchange?

Background on The Bank

Who owns Nexbank?

How long has Nexbank been around?

Can Nexbank transfer to other banks?

Does Nexbank have quick pay?

Does Nexbank accept rolled coins?

Will Nexbank accept loose change?

Where is Nexbank headquarters?

Customer Reviews for NexBank


  • 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.

  • 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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