NexBank is a FDIC (Federal Deposit Insurance Corporation) institution situated in Texas. Established in 1922, the bank has about $5.31 billion in assets. It gives wealth management services as well as private banking to Business individuals, entrepreneurs, and professionals.
NexBank is also a member of the Texas Bankers Association, the oldest banking association in the country. Mr. John L. Holt is the President, Director and the Chief Executive Officer of NexBank Capital, Inc. He has served in these positions at the Bank since June 30, 2011.
Services at NexBank
NexBank offers several services to its customers ranging from commercial lending, home mortgages, business loans, money markets among others. Moreover, it also offers agency services for investment and non-investment grade loans. Throughout 127 tranches and multiple industries, NexBank has offered services to more than 60 borrowers. For instance, Real estates, hotels, pharmaceuticals, publications, transportation and airline, healthcare, paper mills, plastics, oil and gas, and hospitality. NexBank is an equal housing lender as a part of the FDIC.
There are three main types of loans offered by NexBank. These include Commercial and industrial loans, Commercial real estate loans, and SSB’s loan portfolio that are 1-4 Family Residential Loans. NexBank has a 1-4 Family Residential Loans on its asset report when compared to the other banks in Texas. This potentially indicates that NexBank has a specialty in that lending area.
To cover any possible losses, the Texas ratio compares the amount that the bank has on hand with the number of loans at risk and the number of owned real estate. As of March 31, 2017, NexBank, SSB had $898,000 in owned real estate and $1,311,000 in non-current loans. The bank had $19,480,000 in loans loss reserves and a further $407,723,000 in equity to cover the potential losses the bank may incur.