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.	4.65% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.05% →
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).

Overview
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Loan Rates
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Financial Details
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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 - December 22, 2024

Your Current Location: Ohio, OH 43085

Loan Rates - December 22, 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	Learn More
NMLS ID: 1835285	6.494%	6.375% 0.75 points $4,000 fees	$1,997	Learn More
NMLS ID: 1025894	6.863%	6.750% 1.00 points $3,705 fees	$2,076	Learn More
NMLS ID: 3030	7.325%	7.250% 0.75 points $2,400 fees	$2,183	Learn More
NMLS ID: 491986		points fees		Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 7.240 % After Intro: 7.240 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Rate See Table	Intro APR 7.900 % After Intro: 7.900 %	$25,000	Learn More More Info
A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed.

See More Home Equity Rates →

Note to Broadway National Bank
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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

Broadway National Bank Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
Austin Midtown Branch	1027.56	A	View Lobby Hours
Austin Congress Branch	1029.25	B	View Lobby Hours
Bee Cave Branch	1034.88	C	View Lobby Hours
Buda Branch	1041.97	D	View Lobby Hours
Kyle Branch	1045.41	E	View Lobby Hours
Dripping Springs Branch	1046.24	F	View Lobby Hours
Wimberley Branch	1054.15	G	View Lobby Hours
San Marcos Branch	1054.33	H	View Lobby Hours
New Braunfels Branch	1067.72	I	View Lobby Hours
Seguin Branch	1069.30	J	View Lobby Hours
Fredericksburg Branch	1075.08	K	View Lobby Hours
Bulverde Branch	1078.51	L	View Lobby Hours
Schertz Branch	1080.89	M	View Lobby Hours
Randolph Air Force Base Branch	1084.39	N	View Lobby Hours
Encino Branch	1086.30	O	View Lobby Hours
Nacogdoches Branch	1087.04	P	View Lobby Hours
Wilderness Oak Branch	1087.08	Q	View Lobby Hours
Stone Oak Branch	1089.00	R	View Lobby Hours
Huebner Branch	1090.40	S	View Lobby Hours
San Pedro Branch	1090.69	T	View Lobby Hours
Boerne Branch	1090.83	U	View Lobby Hours
Broadway National Bank - Mobile Bran	1091.68	V	View Lobby Hours
Broadway National Bank	1091.68	W	View Lobby Hours
Leon Springs Branch	1092.11	X	View Lobby Hours
Army Medical Dept Center & School	1092.68	Y	View Lobby Hours
Brooke Army Medical Center	1093.17	Z	View Lobby Hours

View Branches Nationwide →

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

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).

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