NELNET BANK

DRAPER, UT · Supervised by FDIC

Est. 2020FDIC #59,205RSSD: FDIC-59205

Outstanding Same

Current rating · Exam: March 2026

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 1.11%

Institution Profile

FDIC BankFind

Website

www.nelnetbank.com

Address

13907 S Minuteman Dr, DRAPER, UT

County

Salt Lake County

Established

November 2, 2020

Total Assets

$2.5B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

March 1, 2026

Exam Type

Strategic Plan

Regulator

FDIC

What is a CRA rating? →

Estimated next exam:Mar 2030(based on asset size)

Financial Snapshot

As of Q1 2026Call Report / FDIC

Total Assets

$2.5B

Total Deposits

$2.0B

Net Loans

$1.2B

Net Income

$6M

ROA

1.11%

ROE

7.97%

Risk-Based Capital

0.00%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Branch Footprint

FDIC SOD 2025

Total Branches

Branch Deposits

$1.5B

1-Year Change

5-year net change: +1 branches

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 2 exams

1 previous rating locked — dating back to 2023

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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