Nelnet Bank (FDIC certificate #59205) is based in Draper, Utah. Its Q2 2026 call report shows $3.0B in total assets and $2.5B in deposits and 1 office.
Nelnet Bank has a TellerScore of 74 out of 100 (strong) based on Q2 2026 data — higher than 74% of its 897 banks with $1 billion – $10 billion. Among 45 banks headquartered in Utah, it ranks 24th. Capital cushion contributes the most (100/100, 15.94%); loan quality contributes the least (28/100, 2.17%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 2 points (72 → 74), mostly because the loan quality component weakened by 37 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 68 |
| Q3 2024 | 68 |
| Q4 2024 | 69 |
| Q1 2025 | 76 |
| Q2 2025 | 72 |
| Q3 2025 | 70 |
| Q4 2025 | 79 |
| Q1 2026 | 75 |
| Q2 2026 | 74 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 12.32% |
| Q3 2024 | 12.43% |
| Q4 2024 | 12.37% |
| Q1 2025 | 12.63% |
| Q2 2025 | 12.83% |
| Q3 2025 | 12.71% |
| Q4 2025 | 14.45% |
| Q1 2026 | 15.02% |
| Q2 2026 | 15.94% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.49% |
| Q3 2024 | 0.49% |
| Q4 2024 | 0.38% |
| Q1 2025 | 0.88% |
| Q2 2025 | 1.06% |
| Q3 2025 | 1.36% |
| Q4 2025 | 1.12% |
| Q1 2026 | 1.95% |
| Q2 2026 | 2.17% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | -0.62% |
| Q3 2024 | -0.57% |
| Q4 2024 | -0.41% |
| Q1 2025 | 0.88% |
| Q2 2025 | 0.53% |
| Q3 2025 | 0.71% |
| Q4 2025 | 0.78% |
| Q1 2026 | 1.11% |
| Q2 2026 | 1.23% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 74 | $3.0B | 15.94% | 2.17% | 1.23% | 64.5% |
| Q1 2026 | 75 | $2.5B | 15.02% | 1.95% | 1.11% | 63.2% |
| Q4 2025 | 79 | $2.1B | 14.45% | 1.12% | 0.78% | 52.8% |
| Q3 2025 | 70 | $2.0B | 12.71% | 1.36% | 0.71% | 54.8% |
| Q2 2025 | 72 | $1.8B | 12.83% | 1.06% | 0.53% | 52.3% |
| Q1 2025 | 76 | $1.7B | 12.63% | 0.88% | 0.88% | 53.8% |
| Q4 2024 | 69 | $1.4B | 12.37% | 0.38% | -0.41% | 49.8% |
| Q3 2024 | 68 | $1.3B | 12.43% | 0.49% | -0.57% | 47.8% |
| Q2 2024 | 68 | $1.2B | 12.32% | 0.49% | -0.62% | 51.4% |
897 peers · $1 billion – $10 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Utah
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| WebBankBank Salt Lake City, UT | 88 out of 100, Very strong | $2.9B | 17.4% | 0.51% | vs |
| Medallion BankBank Salt Lake City, UT | 88 out of 100, Very strong | $2.8B | 16.9% | 0.45% | vs |
| State Bank of Southern UtahBank Cedar City, UT | 79 out of 100, Strong | $2.7B | 12.0% | 0.47% | vs |
| Cache Valley BankBank Logan, UT | 73 out of 100, Strong | $3.5B | 10.7% | 0.29% | vs |
| Bank of UtahBank Ogden, UT | 75 out of 100, Strong | $3.8B | 12.7% | 0.15% | vs |
| Central BankBank Provo, UT | 89 out of 100, Very strong | $2.2B | 15.4% | 0.47% | vs |
Deposit insurance
Is my money safe at Nelnet Bank?
Yes. Nelnet Bank is an FDIC-insured institution (FDIC certificate #59205). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 1.6% of deposits ($40.9M) are above the $250,000 FDIC insurance limit, below the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 15.94%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
1 location
Branches
Nelnet Bank lists 1 office in 1 city. Most locations:
- Draper, UT (1)
Identity & history
Profile
- Legal name
- Nelnet Bank
- Type
- State-chartered bank
- FDIC certificate #
- 59205
- RSSD ID
- 5514409
- Primary regulator
- FDIC
- Established
- November 2, 2020
- Headquarters
- 13907 S Minuteman Dr, Draper, UT 84020
- Website
- www.nelnetbank.com
- Employees
- 65
Quick answers
Nelnet Bank: common questions
Is Nelnet Bank FDIC insured?
Yes. Nelnet Bank is an FDIC-insured institution (FDIC certificate #59205). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Nelnet Bank's TellerScore?
74 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Nelnet Bank ever failed?
There is no failure record for FDIC certificate #59205 in the FDIC failed bank list.
How many branches does Nelnet Bank have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Draper
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Uintah Credit UnionCredit union Vernal, UT | 100 out of 100, Very strong | $3.9M | 21.3% | 0.00% | vs |
| Optum Bank, Inc.Bank Draper, UT | 93 out of 100, Very strong | $21.4B | 13.2% | 0.21% | vs |
| Norfolk Fire Department Federal Credit UnionCredit union Norfolk, VA | 93 out of 100, Very strong | $26.8M | 20.1% | 0.41% | vs |
| Beckstrand and Associates Credit UnionCredit union Salt Lake City, UT | 93 out of 100, Very strong | $166K | 99.9% | — | vs |
| Wiremen'S Credit UnionCredit union Parma, OH | 92 out of 100, Very strong | $40.6M | 17.0% | 0.11% | vs |
| Operating Engineers Local Union #3 Federal Credit UnionCredit union Livermore, CA | 92 out of 100, Very strong | $1.7B | 15.5% | 0.60% | vs |