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Overview / Commentary
1920 Rock Spring Road
Forest Hill, MD 21050

Madison Bank of Maryland is headquartered in Forest Hill and is the 54th largest bank in the state of Maryland. It is also the 3,815st largest bank in the nation. It was established in 1904 and as of March of 2014, it had grown to 37 employees at 3 locations. Madison Bank of Maryland has a C+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Madison Bank of Maryland had $8.54 million in non-current loans and owned real-estate with $20.23 million in equity and loan loss allowances on hand to cover it. This gives Madison Bank of Maryland a Texas Ratio of 42.22% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Madison Bank of Maryland decreased slightly from 48.54% as of March 31, 2013 to 42.22% as of March 31, 2014, resulting in a positive change of 13.01%.This indicates that the balance sheet and financial strength for Madison Bank of Maryland has improved slightly in recent periods.

Deposit Growth


In the past year, Madison Bank of Maryland has decreased its total deposits by -$12.17 million, resulting in -10.18% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Madison Bank of Maryland has shown is poor.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Madison Bank of Maryland has $144.21 million in assets with $20.23 million in equity, resulting in a capitalization level of 14.03%, which is excellent.

Institution Statistics

FDIC Certificate #32331
Year Established1904
Primary RegulatorOCC
Assets and Liabilities
Assets$144.21 million
Loans$110.83 million
Deposits$107.38 million
Equity Capital$18.58 million
Loan Loss Allowance$1.65 million
Unbacked Noncurrent Loans$8.09 million
Real Estate Owned$452,000
Historic Data - March 2013
Assets$151.77 million
Equity Capital$19.44 million
Loan Loss Allowance$1.58 million
Unbacked Noncurrent Loans$8.09 million
Real Estate Owned$1.14 million
Profit Margin - Quarterly
Net Interest Margin2.89%
Return on Assets0.21%
Return on Equity1.62%
Interest Income$1.30 million

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Madison Bank of Maryland Savings Account Rates

0.15%$500-Online Ultra Savings Account
0.10%$500-Super Statement Savings
0.10%$25-Statement Savings

Madison Bank of Maryland Money Market Rates

0.25%$40k-Elite Money Market
0.10%$2,500-Money Market with Checking

Madison Bank of Maryland Checking Account Rates

0.25%$25k-MB Ultimate NOW Checking
0.10%$250-MB NOW Checking

Madison Bank of Maryland CD Rates

1.50%$500-60 Month Bump-Up CD
1.10%$500-48 Month CD
0.90%$500-36 Month CD
0.70%$500-30 Month CD
0.60%$500-24 Month CD
0.50%$500-18 Month CD
0.35%$500-14 Month CD
0.30%$500-12 Month CD
0.20%$500-6 Month CD

Madison Bank of Maryland IRA Rates

1.50%$500-60 Month Bump-Up IRA
0.60%$250-24 Month IRA
0.30%$250-12 Month IRA

Madison Bank of Maryland Locations
Back and Middle River Branch1520 0ld Eastern AveEssex, MD 21221
Madison Bank Of Maryland1920 Rock Spring RoadForest Hill, MD 21050
Aberdeen Branch501 Stepney RoadAberdeen, MD 21001
Perry Hall Branch8639 Belair RoadBaltimore, MD 21236