Nova Bank
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Data as of · sourced from FFIEC call reports. How we update
Nova Bank is an FDIC-insured commercial bank headquartered in Huntsville, AL, established in 2024 (FDIC certificate 59326), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $91.2M, up 6.7% from Q2 2025, the 86th largest of 93 banks headquartered in Alabama. It reports no CET1 ratio; its Tier 1 leverage ratio was 28.11% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 59326
- Headquarters
- Huntsville, AL
- Established
- 2024
- Total assets, Q2 2026
- $91.2M
- Assets vs Q2 2025
- +6.7%
- Tier 1 leverage ratio, Q2 2026
- 28.11%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 062206826
- Asset rank in state
- 86th of 93 in Alabama
Nova Bank earns an unusually wide margin on its lending. The Huntsville, Alabama bank had $91 million in assets at June 30, 2026, up 6.7% from a year earlier. It keeps 5.34 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 583 banks with less than $100 million in assets (median 3.87 cents). On the other hand, it pays an average of 2.92% on its deposits and borrowings, about double the median of 1.53% for banks its size.
Loans are outrunning deposits: over the year loans rose 30.0% and deposits rose 9.0%. Concentration is the risk to watch: it holds commercial real estate loans worth 0.8 times its capital, about triple the median of 26% for banks its size.
As of June 30, 2026, Nova Bank reported a return on assets of 0.91%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 93 banks headquartered in Alabama, Nova Bank is the 86th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 4.5% to $91.2M, loans rose 4.9% and deposits rose 6.3%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 44.5% of total loans, followed by commercial and industrial loans at 18.7%. Its one office in the FDIC Summary of Deposits is in Huntsville, AL. On its Q2 2026 call report, Nova Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 532 Madison St Se, Huntsville, AL 35801
- County
- Madison
- Metro Area
- Huntsville, AL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 26, 2024
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 23
- Domestic deposits
- $66.1M
- Allowance for credit losses
- $905K
- Net charge-offs (YTD)
- -$4K
- Average total assets
- $87.7M
- Average total loans
- $70.9M
- Average interest-bearing deposits
- $55.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 26, 2024
- FDIC Cert
- 59326
- Fed RSSD
- 5807400
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Nova Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Nova Bank's total assets moved between a low of $30.9M (Q2 2024) and a high of $91.2M (Q2 2026) from Q2 2024 to Q2 2026, and it earned a profit in 3 of the 9 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$91.2M total assets against $85.5M; $66.6M total liabilities against $61.3M.
$70.3M net loans and leases against $54.1M; $66.1M total deposits against $60.7M.
$4.7M securities against $5.3M; $15.4M cash and balances due against $21.2M.
$1.6M total interest income against $1.4M; $469K total interest expense against $545K.
$1.2M net interest income against $894K.
$128K total noninterest income against $49K; $1.0M total noninterest expense against $1.0M.
$53K provision for credit losses against $145K.
$200K net income against -$232K.
0.91% return on assets against -1.12%; 5.34% net interest margin against 4.39%.
28.11% tier 1 leverage ratio against 29.11%.
Inside the full Nova Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -4.96% (Q3 2024) to 0.91% (Q2 2026) and its net interest margin ran from 3.59% (Q1 2025) to 6.69% (Q4 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 28.11% | 0.91% | 0.00% | 0.00% | 5.34% |
| Q1 2026 | 27.79% | 0.50% | 0.00% | 0.00% | 4.96% |
| Q4 2025 | 27.52% | 0.61% | 0.00% | 0.00% | 4.83% |
| Q3 2025 | 27.93% | -0.10% | 0.00% | 0.00% | 4.48% |
| Q2 2025 | 29.11% | -1.12% | 0.02% | 0.05% | 4.39% |
| Q1 2025 | 36.24% | -1.78% | 0.00% | 0.00% | 3.59% |
| Q4 2024 | 63.82% | -3.82% | 0.00% | 0.00% | 6.69% |
| Q3 2024 | 76.12% | -4.96% | 0.00% | 0.00% | 5.59% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Nova Bank (main office) | Huntsville , AL | 35801 | $66.1M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in AL, rank 120 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Nova Bank
What are Nova Bank's total assets?
As of the Q2 2026 filing, Nova Bank reported total assets of $91.2 million in its FFIEC call report.
Where is Nova Bank headquartered?
It is headquartered in Huntsville, AL, United States.
When was Nova Bank founded?
It was established in 2024, per the FDIC institution directory.
Is Nova Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #59326). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Nova Bank?
Nova Bank's primary federal regulator is the FDIC.
How many branches does Nova Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Nova Bank's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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