NEXTIER BANK, NATIONAL ASSOCIATION

Headquarters

222 Market Street
Kittanning, PA 16201
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.95% →
1-Year CD 0.20% 1.01% →
2-Year CD 0.30% 0.95% →
5-Year CD 0.50% 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

NEXTIER BANK, NATIONAL ASSOCIATION is an FDIC insured institution located in Kittanning, PA. It was founded in 1897 and has approximately $1.45 billion in assets. Customers can open an account at one of its 29 branches.

FDIC Insured Yes
FDIC Certificate # 7900
Date Established 1897
Assets $ 1,445.46 million
Loans $ 1,211.21 million
Deposits $ 1,188.89 million
Capital $ 146.69 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.06% $10,000 $14,999 Learn More
Money Market
0.06% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
Special: 17 Mo CD
0.50% $500 - Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.30% $10,000 $14,999 Learn More
24 Mo CD
0.30% $100,000 $199,999 Learn More
30 Mo CD
0.30% $10,000 $14,999 Learn More
30 Mo CD
0.30% $100,000 $199,999 Learn More
36 Mo CD
0.35% $10,000 $14,999 Learn More
36 Mo CD
0.35% $100,000 $199,999 Learn More
48 Mo CD
0.40% $10,000 $14,999 Learn More
48 Mo CD
0.40% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 17 Mo FIRA
0.50% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for NEXTIER BANK, NATIONAL ASSOCIATION

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
First Internet Bank
NMLS ID: 424182
2.565% 2.500% 0.88 $2,142 $988 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to NEXTIER BANK, NATIONAL ASSOCIATION
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

NEXTIER BANK, NATIONAL ASSOCIATION 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:
Fairfield,Connecticut


NEXTIER BANK, NATIONAL ASSOCIATION Locations


Financial Details

NEXTIER BANK, NATIONAL ASSOCIATION Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of NEXTIER BANK, NATIONAL ASSOCIATION. 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
NEXTIER BANK, NATIONAL ASSOCIATION U.S. Bank Average
4.77% 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, NEXTIER BANK, NATIONAL ASSOCIATION had $7,398,000 in non-current loans and $67,000 in owned real estate. To cover these potential losses it had $146,685,000 in equity and $9,707,000 in loans loss reserves. That gives it a Texas Ratio of 4.77%.

Return on Equity
NEXTIER BANK, NATIONAL ASSOCIATION U.S. Bank Average
8.47% 7.80%

NEXTIER BANK, NATIONAL ASSOCIATION has a Return on Equity of 8.47% 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
NEXTIER BANK, NATIONAL ASSOCIATION U.S. Bank Average
10.15% 12.68%

NEXTIER BANK, NATIONAL ASSOCIATION has a Capitalization of 10.15% 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.

NEXTIER BANK, NATIONAL ASSOCIATION Balance Sheet Analysis

As of March 31, 2020, NEXTIER BANK, NATIONAL ASSOCIATION had assets of $1,445,459,000, loans of $1,211,211,000, and deposits of $1,188,890,000. 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 $ 30.09 million
Interest-bearing balances $ 12.84 million
Total securities $ 106.50 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,211.21 million
Loan loss allowance $ 9.71 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.07 million
Goodwill and other intangibles $ 10.92 million
All other assets $ 55.86 million
     Total Assets $ 1,298.77 million
LIABILITIES
Total deposits $ 1,188.89 million
      Interest-bearing deposits $ 927.51 million
      Deposits held in domestic offices $ 1,188.89 million
      % insured (estimated) 58.70%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 93.35 million
Subordinated debt N.A.
All other liabilities $ 16.53 million
      Total Liabilities $ 1,298.77 million
      Shareholders’ Equity $ 146.69 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 14.27 million
Total Interest Expense $ 2.40 million
Net interest income $ 11.87 million
Provision for loan and lease losses $ 1.40 million
Total non interest income $ 1.58 million
Total non interest expense $ 8.46 million
Pre-tax Net Operating Income $ 3.59 million

Bank Loan Profile?

The top three loan types in NEXTIER BANK, NATIONAL ASSOCIATION’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, NEXTIER BANK, NATIONAL ASSOCIATION’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 31.10
Multifamily
Mortgages
6.63
Credit Card Loans 0.00
Consumer Auto Loans 0.10
Small Business Loans 0.00
Construction and Development Loans 8.40
Commercial Real Estate 30.05
Commercial and Industrial Loans 9.17
Farm Loans 0.00

Frequently Asked Questions About Nextier Bank, National Association

Branches and Savings

Is Nextier Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #7900.

Why does Nextier Bank, National Association pay such low interest on savings accounts?

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

Why are Nextier Bank, National Association CD rates not competitive?

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

Is Nextier Bank, National Association a commercial bank?

Yes

Where are Nextier Bank, National Association locations?

See branch locations nearby.

Is Nextier Bank, National Association open on Saturdays?

Is Nextier Bank, National Association open on Sundays?

What time does Nextier Bank, National Association open?

What time does Nextier Bank, National Association close?

Are Nextier Bank, National Association ATMs Open 24/7?

Do Nextier Bank, National Association ATMs accept cash deposits?

Can Nextier Bank, National Association customers use other ATMs?

Do Nextier Bank, National Association branches have notaries?

Will Nextier Bank, National Association notarize my document?

What address for Nextier Bank, National Association should I put for incoming ACH transfers?

Will the Nextier Bank, National Association branch print checks?

Do Nextier Bank, National Association checks expire?

Does Nextier Bank, National Association require US citizenship to open account?

Can Nextier Bank, National Association close my account?

Does Nextier Bank, National Association Report to credit bureaus?

Does Nextier Bank, National Association Use Equifax?

What is Nextier Bank, National Association's ACH Routing Number?

What is Nextier Bank, National Association's SWIFT code?

Products

Does Nextier Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Nextier Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Nextier Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Nextier Bank, National Association offer student loans?

Will Nextier Bank, National Association cash a check?

Will Nextier Bank, National Association redeem a savings bond?

Does Nextier Bank, National Association cash savings bonds?

Will Nextier Bank, National Association cash money orders?

Can Nextier Bank, National Association issue a money order?

Does Nextier Bank, National Association do currency exchange?

Background on The Bank

Who owns Nextier Bank, National Association?

How long has Nextier Bank, National Association been around?

Can Nextier Bank, National Association transfer to other banks?

Does Nextier Bank, National Association have quick pay?

Does Nextier Bank, National Association accept rolled coins?

Will Nextier Bank, National Association accept loose change?

Where is Nextier Bank, National Association headquarters?

Customer Reviews for NEXTIER BANK, NATIONAL ASSOCIATION

There are currently no comments for NEXTIER BANK, NATIONAL ASSOCIATION. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →