The state of Nebraska is home to 177 banks that are insured by the federal deposit insurance corporation and that operate within the state. Of this amount, 156 of these banks are headquartered in the state and therefore can be considered Nebraska-based banks. Banks operating within the state had in total $89 billion of assets, $76 billion of deposits and $58 billion of loans outstanding as of this writing. Banks in Nebraska state currently employ a total of 13,550 people within the state. This amounts to 0.7% of the overall population of the state. In addition, residential mortgages made up 7% of the assets managed by banks operating within the state.

Density of Banks in Nebraska

Banks in Nebraska currently have a total of 1,045 branches located within the state. This equates to 5.4 branches per 10,000 people in Nebraska.  If we take the data on the banks in Nebraska and compare it with the banks operating in other states, we find that on this metric, banks in Nebraska rank 2nd out of the 52 states and territories. This is ranked in order of most to least branches per capita.  Another way to view this is by looking at the physical accessibility. On this basis, banks in Nebraska had on average 1.4 branches per 100 square miles. As a result, Nebraska ranks 40th out of 52 states and territories in terms of most branches per square mile.

Performance of Banks in Nebraska

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  • Net Interest Margin – banks in the state of Nebraska are on average above the average bank’s net interest margin in the United States. This is for FDIC-insured banks only. Overall, the net interest margin for banks in Nebraska is ranked 2nd out of the 52 states and main territories in the United States.
  • Return on Assets – banks in the state of Nebraska are on average higher the average bank’s Return on Assets in the United States. Overall, the Return on Assets for banks in Nebraska is ranked 7th out of the 52 states and main territories in the United States.
  • Return on Equity – banks in this state on average have a higher return on equity than the national average. Overall, the Return on Equity for banks in Nebraska is ranked 8th out of the 52 states and main territories in the country.
  • Loan to Deposit – Banks in this state are on average below the national average when it comes to loan to deposit. Loan to deposit ratio is a good way to assess the liquidity of a bank. Lower is better as it means that a bank is funding more of its lending activities with its deposit base. Banks in Nebraska are ranked 13rd out of the 52 states and main territories in the country when it comes to loan to deposits.
  • Nonperforming Assets – this metric gives us an idea of the quality of a bank’s assets and their performance. Banks in this state are on average better than the national average when it comes to nonperforming assets. We’re specifically looking at the level of nonperformance among the asset base. A higher figure indicates lower quality. Overall, banks in Nebraska are ranked 15th out of the 52 states and main territories in the country when it comes to the percentage of their assets that are nonperforming.

5 Largest Banks in the state of Nebraska

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Based on the latest available data, First National Bank of Omaha is the largest bank operating in Nebraska based on its deposit share. First National Bank of Omaha currently has a 18% share of deposits within the state. Below is summary information on the top 5 largest banks in Nebraska.

First National Bank of Omaha

First National Bank of Omaha currently has the largest share of deposits within the state and has $14.2 billion of deposits. In addition to this the bank also has 51 offices within the state, which represents 43% of its total domestic offices.

Main Office Address: 1601 Capitol Ave. Omaha, NE 68102

Website: www.fnbo.com

Wells Fargo Bank

Wells Fargo Bank currently has the second largest share of deposits within the state and has $6.4 billion of deposits. The bank also has 38 offices within the state, which represents 1% of its total domestic offices.

Main Office Address: 101 N. Phillips Ave. Sioux Falls, SD 57104

Website: www.wellsfargo.com

Pinnacle Bank

Pinnacle Bank currently has the third largest share of deposits within the state and has $5.7 billion of deposits. The bank also has 68 offices within the state, which represents 88% of its total domestic offices.

Main Office Address: 1401 N St. Lincoln, NE 68508

Website: www.pinnbank.com

Union Bank and Trust Company

Union Bank and Trust Company currently has the fourth largest share of deposits within the state and has $4.9 billion of deposits. Further, the bank also has 31 offices within the state, which represents 91% of its total domestic offices.

Main Office Address: 3643 S. 48th St. Lincoln, NE 68506

Website: www.ubt.com

U.S. Bank 

U.S. Bank  currently has the fifth largest share of deposits within the state and has $4.4 billion of deposits. In addition, the bank also has 37 offices within the state, which represents 2% of its total domestic offices.

Main Office Address: 425 Walnut St. Cincinnati, OH 45202

Website: www.usbank.com