DALLAS, Nov. 7, 2014 /PRNewswire/ -- NexBank Capital, Inc., a fully-integrated financial services company, announced its financial results for the third quarter of 2014. NexBank posted another quarter of strong financials supported by excellent asset quality and solid loan and deposit growth, while maintaining capital ratios above the regulatory requirements.
"The bank has expanded its services and achieved another quarter of strong profitability and growth," said John Holt, President and CEO of NexBank Capital, Inc. "This has been a disciplined and prudent growth strategy. We will continue to focus on enhancing our performance and delivering greater value to both our clients and shareholders."
NexBank SSB reported continued growth in total assets and deposits at the end of the third quarter. Assets exceeded $1.62 billion and deposits grew to $1.16 billion, a year-over-year increase of 50% and 43%, respectively. Loan portfolio investments expanded to $1.33 billion, an increase of 71% from the third quarter of 2013.
The bank has achieved significant and prudent growth while maintaining its well-capitalized status with strong capital ratios. At September 30, 2014, the Tier 1 leverage ratio stood at 9.39% and the total risk-based capital ratio stood at 13.55%. The bank maintains excellent asset quality and has a ratio of nonperforming assets (NPAs) to total assets of 0.04% at September 30, 2014.
NexBank Capital, Inc. also reported continued growth. Total assets grew to $1.64 billion, a year-over-year increase of 47%, and return on average equity (ROAE) increased to 20% year-to-date through the third quarter of 2014.
As a reflection of its strong capital levels, liquidity profile and earnings, NexBank Capital, Inc. recently received senior long-term and short-term debt ratings of BBB- and K3, respectively, and NexBank SSB recently received a long-term rating of BBB and a short-term rating of K2 for its deposits by Kroll Bond Rating Agency. Both ratings have a stable outlook.
About NexBank Capital, Inc.
NexBank Capital, Inc. is a fully-integrated financial services organization that includes a commercial and investment bank. As a leading regional financial services provider, the group delivers commercial banking, mortgage banking, investment banking and corporate advisory services to large corporations, real estate investors, middle-market companies, small businesses and banks, as well as some of the largest institutional clients in the capital markets. (www.NexBank.com)