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Overview / Commentary
402-454-6511
111 West Third Street
Madison, NE 68748

Madison County Bank is headquartered in Madison and is the 33rd largest bank in the state of Nebraska. It is also the 2,251st largest bank in the nation. It was established in 1888 and as of March of 2014, it had grown to 49 employees at 4 locations. Madison County Bank's savings rates are 73% higher than the national average, and it has a A health rating.

Reviews (1)

Rating Opinion

this is a very good bank. They are well respected in our area.



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 County Bank had $408,000 in non-current loans and owned real-estate with $58.23 million in equity and loan loss allowances on hand to cover it. This gives Madison County Bank a Texas Ratio of 0.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Madison County Bank experienced no significant changes from 0.60% as of March 31, 2013 to 0.70% as of March 31, 2014, resulting in a negative change of 17.43%. This indicates that the balance sheet and financial strength for Madison County Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Madison County Bank has decreased its total deposits by -$5 million, resulting in -2.17% 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 County Bank has shown is average.

Capitalization

GRADE:
A+

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 County Bank has $287.57 million in assets with $58.23 million in equity, resulting in a capitalization level of 20.25%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #31999
Year Established1888
Employees49
Primary RegulatorOCC
Assets and Liabilities
Assets$287.57 million
Loans$216.84 million
Deposits$225.59 million
Equity Capital$51.77 million
Loan Loss Allowance$6.46 million
Unbacked Noncurrent Loans$408,000
Real Estate Owned$0
Historic Data - March 2013
Assets$291.30 million
Equity Capital$49.44 million
Loan Loss Allowance$5.20 million
Unbacked Noncurrent Loans$408,000
Real Estate Owned$49,000
Profit Margin - Quarterly
Net Interest Margin3.86%
Return on Assets0.78%
Return on Equity4.38%
Interest Income$3.03 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Madison County Bank, we are a rate comparison website and can not provide official rates or promotions.

Madison County Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.90%--I.R.A.
0.90%--SEP I.R.A.
0.90%--Roth I.R.A.
0.35%$25k-Health Savings Account
0.25%--Christmas Club Savings

Madison County Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$90k-Money Market Savings

Madison County Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.00%$100k-Advantage Now Checking
1.00%$100k-Advantage Plus Checking
1.00%$100k-Advantage Gold Checking

Madison County Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.30%$500-60 Month CD
1.15%$500-48 Month CD
1.10%$500-36 Month CD
1.00%$500-30 Month CD
0.95%$500-24 Month CD
0.80%$500-18 Month CD
0.70%$500-12 Month CD
0.65%$500-11 Month CD
0.50%$500-182 Day CD
0.10%$500-91 Day CD

Madison County Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.30%$500-60 Month IRA
1.15%$500-48 Month IRA
1.10%$500-36 Month IRA
1.00%$500-30 Month IRA
0.95%$500-24 Month IRA
0.80%$500-18 Month IRA
0.70%$500-12 Month IRA
0.65%$500-11 Month IRA
Locations


Madison County Bank Locations
Albion Branch103 South Fourth StreetAlbion, NE 68620
Madison County Bank111 West Third StreetMadison, NE 68748
Norfolk Branch2100 Pasewalk AvenueNorfolk, NE 68701
Plainview Branch402 W Locust StPlainview, NE 68769