Nelnet Bank
Draper, UT
IDRSSD: 5514409
Total Assets
$2.07B
Latest filing
Total Deposits
$1.76B
Latest filing
Net Interest Margin
3.57%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
124385355DRAPER, UT
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Nelnet Bank
13907 S Minuteman Dr
Draper, UT 84020
Full Service - Brick and Mortar
Updated 01/30/2026Established 11/02/2020FDIC Certificate 618062
Branches (0)
Page 1 of 1| Name | Address | City / State | ||
|---|---|---|---|---|
| No branch data available. | ||||
| Nelnet Bank (Main) | 13907 S Minuteman Dr | Draper, UT | ||
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 11/02/2020 |
| Community Bank | No |
| Ownership Type | Not Mutual |
| ZIP | 84020 |
| State and County Number | 49035 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 12 |
| Numeric code | 23 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Salt Lake City, UT |
Operational Info
| Number of Employees | 53 |
| Domestic Offices | 1 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 11/02/2020 |
| Primary Insurance Agency | DIF |
| Website | www.nelnetbank.com |
| Data Updated | 01/30/2026 |
| CERT | 59205 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $2.07B |
| Total Deposits | $1.76B |
| Total Liabilities | $1.78B |
| Total Equity Capital | $294.60M |
| Net Income | $4.72M |
| Net Loans and Leases | $930.63M |
| Assets Per Employee ($Millions) | $37.63M |
| Bank Premises and Fixed Assets | $1.25M |
| Cash and Balances due from Depository Institutions | $25.38M |
| Deposits Held in Domestic Offices | $1.76B |
Key Performance Ratios
| Return on Assets (ROA) | 0.93% |
| Return on Equity (ROE) | 7.1% |
| Net Interest Margin | 3.57% |
| Efficiency Ratio | 37.38% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 1.11% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 14.234% |
| Earning Assets to total Assets | 97.21% |
Income and Expense
| Total Interest Income | $33.97M |
| Total Noninterest Income | $715.00k |
| Total Interest Expense | $16.25M |
| Total Noninterest Expense | $7.21M |
| Net Interest Income | $17.72M |
| Pre-tax Net Operating Income | $5.59M |
| Provision for Credit Losses | $5.66M |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $12.14M |
| Total Liabilities and Capital | $2.07B |
Securities
| Securities | $1.06B |
| Available-for-sale debt securities | $846.99M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $211.30M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Nelnet Bank?
$2.07B as of the latest filing.
How much are Nelnet Bank's total deposits?
$1.76B in total deposits.
Where is Nelnet Bank located?
Draper, UT.
What is the Net Interest Margin?
3.57%.
How many domestic offices does it operate?
1.
When was it established?
11/02/2020.
What is the Return on Assets (ROA)?
0.93%.
How much are total loans and leases?
$930.63M (latest filing).
What is the total interest income (latest filing)?
$33.97M.