Broadway National Bank

Headquarters

1177 Ne Loop 410
San Antonio, TX 78209
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

Reviewed by Traci Mitchell | July 3, 2024 |

have been a customer of Broadway National Bank's Wealth Management Division for over 30 years (since 1990), but my recent experiences have been deeply troubling. Following the retirement of my previous trust officer, I have been dealing with a new member in a leadership position who has displayed unprofessionalism, rudeness, and unethical behavior at an unprecedented level.

In the past 60 days, this leadership member of Broadway National Bank's Wealth Management Division has completely halted my fiduciary distributions without providing a clear or justifiable explanation (stating that my current employment of 6 years is more of a “side hustle” and not a job). Moreover, I was handed a medical bill that is over two years old and was demanded to pay it. The same individual advised me to stop seeking "unnecessary" medical treatment, claiming that the treatments I have been receiving for over a decade were more cosmetic than medically necessary. This is particularly concerning coming from someone who is not a licensed physician.

I responded, "I have never paid a medical bill; why would I start now?" I am shocked and deeply disappointed that a supposedly reputable financial institution would treat a long-standing customer in such a deplorable manner.

The explanation I received was, "I don’t know what your last trust officer was doing, but things are now changing."

I strongly advise anyone considering Broadway National Bank for wealth management services, or any banking services at that matter, to think twice. Their management and leadership are extremely rude and this is not what my loved ones intended when they chose Broadway National Bank as the trustee for our family's estate and planning needs. The lack of professionalism is appalling.

I have written many reviews, and I must say that this one is probably my most important and informative. I believe that any other financial institution would provide a much better experience than Broadway National Bank.

I, Traci Mitchell, accept and agree to all the provisions of all the Trust Agreements I have been left as a beneficiary (for legal purposes).


2024 Overview

General Bank Information

Broadway National Bank is an FDIC insured institution located in San Antonio, TX. It was founded in 1941 and has approximately $5.74 billion in assets. Customers can open an account at one of its 41 branches.

FDIC Insured Yes
FDIC Certificate # 15797
Date Established 1941
Assets $ 5.74 billion
Loans $ 3.36 billion
Deposits $ 5.19 billion
Capital $ 349.52 million
 

For a more detailed analysis of Broadway National Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 21, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Broadway National Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
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Sebonic
NMLS ID: 66247
6.576% 6.500%
0.75 points
$2,544 fees
$2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.953% 6.875%
0.63 points
$2,534 fees
$2,103 Learn More
AimLoan.com
NMLS ID: 2890
License#: MBMB.850089.000
6.989% 6.875%
0.88 points
$3,721 fees
$2,103 Learn More
PADDIO
NMLS ID: 1907
7.093% 7.000%
1.00 points
$3,002 fees
$2,129 Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 7.240 %
After Intro: 7.240 %
$0 Learn More
More Info
Achieve Loans
Achieve Loans
See Table
Intro APR 10.625 %
After Intro: 10.625 %
$0 Learn More
More Info

Note to Broadway National Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Broadway National Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio



Climate Policy and Initiatives

Broadway National Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Broadway National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Broadway National Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Broadway National Bank U.S. Bank Average
4.93% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Broadway National Bank had $17,995,000 in non-current loans and $999,000 in owned real estate. To cover these potential losses it had $349,524,000 in equity and $35,635,000 in loans loss reserves. That gives it a Texas Ratio of 4.93%.

Return on Equity
Broadway National Bank U.S. Bank Average
16.45% 10.46%

Broadway National Bank has a Return on Equity of 16.45% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Broadway National Bank U.S. Bank Average
6.09% 10.84%

Broadway National Bank has a Capitalization of 6.09% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Broadway National Bank Balance Sheet Analysis

As of June 30, 2024, Broadway National Bank had assets of $5,738,433,000, loans of $3,362,277,000, and deposits of $5,191,787,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 455.63 million
Interest-bearing balances $ 389.42 million
Total securities $ 1,610.44 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.36 billion
Loan loss allowance $ 35.64 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.00 million
Goodwill and other intangibles $ 19.04 million
All other assets $ 185.10 million
     Total Assets $ 5.39 billion
LIABILITIES
Total deposits $ 5.19 billion
      Interest-bearing deposits $ 4.01 billion
      Deposits held in domestic offices $ 5.19 billion
      % insured (estimated) 60.25%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 25.00 million
Subordinated debt N.A.
All other liabilities $ 54.33 million
      Total Liabilities $ 5.39 billion
      Shareholders’ Equity $ 349.52 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 131.57 million
Total Interest Expense $ 52.22 million
Net interest income $ 79.36 million
Provision for loan and lease losses $ 5.88 million
Total non interest income $ 23.30 million
Total non interest expense $ 68.24 million
Pre-tax Net Operating Income $ 28.61 million

Bank Loan Profile?

The top three loan types in Broadway National Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks, Broadway National Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 19.94
Multifamily
Mortgages
1.83
Credit Card Loans 0.00
Consumer Auto Loans 2.48
Small Business Loans 2.61
Construction and Development Loans 10.65
Commercial Real Estate 23.12
Commercial and Industrial Loans 10.39
Farm Loans 0.01

Customer Reviews for Broadway National Bank


  • July 3, 2024 |

    have been a customer of Broadway National Bank's Wealth Management Division for over 30 years (since 1990), but my recent experiences have been deeply troubling. Following the retirement of my previous trust officer, I have been dealing with a new member in a leadership position who has displayed unprofessionalism, rudeness, and unethical behavior at an unprecedented level.

    In the past 60 days, this leadership member of Broadway National Bank's Wealth Management Division has completely halted my fiduciary distributions without providing a clear or justifiable explanation (stating that my current employment of 6 years is more of a “side hustle” and not a job). Moreover, I was handed a medical bill that is over two years old and was demanded to pay it. The same individual advised me to stop seeking "unnecessary" medical treatment, claiming that the treatments I have been receiving for over a decade were more cosmetic than medically necessary. This is particularly concerning coming from someone who is not a licensed physician.

    I responded, "I have never paid a medical bill; why would I start now?" I am shocked and deeply disappointed that a supposedly reputable financial institution would treat a long-standing customer in such a deplorable manner.

    The explanation I received was, "I don’t know what your last trust officer was doing, but things are now changing."

    I strongly advise anyone considering Broadway National Bank for wealth management services, or any banking services at that matter, to think twice. Their management and leadership are extremely rude and this is not what my loved ones intended when they chose Broadway National Bank as the trustee for our family's estate and planning needs. The lack of professionalism is appalling.

    I have written many reviews, and I must say that this one is probably my most important and informative. I believe that any other financial institution would provide a much better experience than Broadway National Bank.

    I, Traci Mitchell, accept and agree to all the provisions of all the Trust Agreements I have been left as a beneficiary (for legal purposes).


Add Your Review


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