# NELNET BANK
DRAPER, UT · FDIC certificate 59205 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $3.00B | |
| Deposits | $2.51B | |
| Loans and leases | $1.64B | |
| Total equity | $463.5M | |
| Loans / deposits | 64.53% (p10 of band) | 87.10% |
| Liquid assets / assets | 42.96% (p92 of band) | |
| Uninsured deposits / deposits | 1.63% (p1 of band) | 30.76% |
| Brokered deposits | 25.33% | |
| Wholesale funding | 25.33% (p93 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 15.94% (p95 of band) | 10.50% |
| Unrealized securities loss / equity | 0.83% (p100 of band) | -7.75% |
| AOCI / equity | -0.01% (p73 of band) | |
| ROA (annualized) | 1.23% (p48 of band) | 1.26% |
| Net interest margin | 3.05% (p17 of band) | 3.70% |
| Efficiency ratio | 36.07% (p5 of band) | |
| Noncurrent loans | 2.17% (p93 of band) | 0.51% |
| Net charge-offs (annualized) | 0.38% (p93 of band) | |
| Reserve coverage of noncurrent | 79.19% | |
| Real estate % of loans | 2% | |
| Construction % of loans | 7.96% (p9 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 63.5% | |
| Employees | 65 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2020-12 | 2 | losing money, NIM <2.5% |  |
| 2021-03 | 3 | expense ratio p90 |  |
| 2021-06 | 6 | brokered >10%, wholesale funding >15%, capital falling |  |
| 2021-09 | 6 |  |  |
| 2021-12 | 6 |  |  |
| 2022-03 | 5 |  | losing money |
| 2022-06 | 4 |  | expense ratio p90 |
| 2022-09 | 3 |  | capital falling |
| 2022-12 | 3 |  |  |
| 2023-03 | 5 | capital falling, losing money |  |
| 2023-06 | 3 |  | capital falling, losing money |
| 2023-09 | 3 |  |  |
| 2023-12 | 5 | capital falling, charge-offs p90 |  |
| 2024-03 | 4 | losing money | NIM <2.5%, capital falling |
| 2024-06 | 4 |  |  |
| 2024-09 | 4 |  |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 3 |  | losing money |
| 2025-06 | 3 |  |  |
| 2025-09 | 2 |  | wholesale funding >15% |
| 2025-12 | 3 | wholesale funding >15% |  |
| 2026-03 | 4 | noncurrent p90 |  |
| 2026-06 | 5 | reserve under noncurrent |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-06-29 [Nelnet Bank Steps Up for Graduate Students Facing New Borrowing Challenges - Yahoo Finance](https://news.google.com/rss/articles/CBMiogFBVV95cUxQYWV3ako2eTkxMm5WRUR0YVM5SjB4QnNfMUtRWHNuRE5DMXlwNWlYR1VLZGNfSjFzOEgzWEgtQ29zMDVZV3E5cnJNa254YmVrcWgwMFZxRTFobU5EekxlcG94ajVKY1JwRDQ4cjZseFhzNnJKbVY2OWlOcVVHR2YtS1p5MEVtVGU4WFFTNXMtSUZXNHZsT0YwYkZ3VmNEekdQM2c?oc=5) · Yahoo Finance
- 2020-11-02 [Nelnet Bank Becomes First Industrial Bank to Begin Operating in 12 Years - PR Newswire](https://news.google.com/rss/articles/CBMixwFBVV95cUxQMFhRdEFmR0RoX2NTUEQwN3haQ0tvdWZ3aFVOZGZ5R0hBcTNWUjlUOGNXTVlCZHhkRTVQNzE4YktOWGhLektIQ0VWdkVsT3R4Vk9seHRPZ21lLWhQdWZUbmtsNEVEZUJxVGlVYXVIUFZkcU5SQzBLcHBnNE42bGVOWXZYeGZmbEVGQTQ4eTZ1MTc4U0F0Q1pUbVF5ck9HY1RLQlRuMVJJZFBfaUdJXzhSZk1KZ3N2UFcwZ3RNLXB1S2cxbUVhRWxv?oc=5) · PR Newswire
- 2026-09-01 [Nelnet Bank Review: Savings And Student Loan Refinancing - The College Investor](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE91OFJMTXNBRnZxcmtIYXBPM3JSNG1mWWhOd3VLNll1YlR0TzRaUm1CUTJzQ2FjX0tCWHdUQUQxbkVreEJTSjYwMXF3Sk9hYWNfMmpfQmZHRmh4QmJtSW03bER6eV9YLWc?oc=5) · The College Investor
- 2025-04-11 [Edward Jones takes second stab at creating its own bank - InvestmentNews](https://news.google.com/rss/articles/CBMivwFBVV95cUxQajBGNW43QlZhRjNNM0ZlUmtyU29iTVdMSnJ5Z2lDd2lrSlZkRDVnMi1ON2QxZ3RZS2lBbFg2Y2hzTFdpUlo5V0ZfcGg1M3pDelVyWmI0Rm9pdDZmNEI2TU9RRmhaM1J0eVNnZVQxeGhZMkwzcW9xMWcyMDY2cUJpYkIxZmpweFdWU1hoMFhqT2VJV0w0S2pOTVdZemo1QUk2WF9SLVRZQmsyeU9pcElEajA3d1pibmhYdnp2OXRrdw?oc=5) · InvestmentNews
- 2026-06-29 [Grad students face a July 1 loan shift—Nelnet Bank pitches a fallback - Stock Titan](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPVXNDSi1aWXZoVFlLR3ctUlBJX0Z6UjFCaThtUXkwejJvYjlveXFlSXl5djdGYWpWczRMd3NuWFA4UnRnTkdTSUlwT1A4d2JodnRLZHh0UkNPNE9CekJ1LTNqLWo1dHU0ZEhVdjdGcEFRb0txaEtBMXRVZ2dtVXp0aWtuM3hHdWNOc2Fvb1NlN25faXBBdWw5UUFFQWNXakxmQWU5cHNrWXFBY0hWZGJoczhUVmZWUlds?oc=5) · Stock Titan
- 2025-04-15 [Edward Jones resubmits ILC charter application - Banking Dive](https://news.google.com/rss/articles/CBMioAFBVV95cUxPY0tzUWRGS3JCUjEtU1k0QlJHb2R2ekxMWldSc0NFS1RYWGR1SFBKM2FYTE1sbnpiU3RPakZYTmh2X0hKWG1TcmNFUWItbHo0WEhfQmktQXlFMDhDRjBLZ3BsMEZMeDdmZVRhRDlvUHkwaGFWQVI5dzVWMThkYWN2cVRXQXU1S3hXXzRIZ2I1azkwMF9UTEQ1UUVwNlJrQ0NP?oc=5) · Banking Dive
- 2026-02-05 [Industrial Loan Charters Take Center Stage as De Novo Banking Makes a Comeback - PYMNTS.com](https://news.google.com/rss/articles/CBMivAFBVV95cUxOaElJcTgyQ0RHWDREanpZT2hGbWFabTRDdmZFdlpTNWIyTWtqVmZUTUNGdzQ3NmVnbklSZ0VwRWZtVzRyQjdLN2x6WjRSNjJBWXBKaUMwb2lrUkFUVGpBc28ybk1xeHFjNWlDcGdnS2U0d1pTdGRWd2loZDNYNF9NZHdsTHdobmV0Ykl0TDZxWHc1SFY5ZzVVb2haXzU3aURTUFlaRElSSHFqeUt2bi1mM1N1S1NXMlNneGozSQ?oc=5) · PYMNTS.com
- 2021-04-05 [How Fintechs Buy, Rent and Fight Their Way Into Bank Charters - The Financial Brand](https://news.google.com/rss/articles/CBMixAFBVV95cUxNcXpRa0dvZEwtbzhwQU5DeEtjUFlCM09QV2owc1FUNDdKTTJvOUVuQVUyeXRvUFkwSm9tZWFzWGF4S05zWlFpMnNPd1hWNjdLOGVvTmRTWndPd2NyNUZ4M0VlU2VnNXpNRmpXOEFDSWlQT1dSTlZxVVYtbXZBVVJFNkRCNUtLbEdjV0lZYUV6YnRLUjJLN1JrQWRUcWtnSkZZYnU1bEdreklBc180OHV5UzkzNFptNVdXcEpwUE55X09wcldC?oc=5) · The Financial Brand

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59205 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/5.json (key "59205", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide