Madison National Bank

2222 Merrick Road
Merrick, NY 11566
1.888.660.0900
www.madisonnational.com

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Madison National Bank is headquartered in Merrick and is the 104^th largest bank in the state of New York. It is also the 2,196^th largest bank in the nation. It was established in 2007 and as of March of 2012, it had grown to 49 employees at 4 locations. Madison National Bank's money market rates are 36% higher than the national average, and it has a 3-star health rating.

$135 Checking Account Bonus At Madison National Bank In New York (Forum) - 9/28/2010

I first posted on this bonus last year, and I just noticed they are still listing the bonus. It appears to be the same terms as when I reviewed it last year. You can make up to $135 for opening a checking account and for setting up direct deposit, using b

2.60% 24-Month CD & 3.00% 36-Month CD at Madison National Bank in New York - Local Only - 9/2/2009

Madison National Bank is offering a few competitive mid-term and long-term CD rates. These rates as listed at the bank's CD page as of 9/02/09 include:2.60% APY 24-month3.00% APY 36-month3.30% APY 60-monthMinimum deposit is $500. These are also available...

$135 Checking Account Bonus at Madison National Bank in New York - Local Only - 9/2/2009

Madison National Bank is offering a checking account bonus of up to $135. The promotion is listed on each checking account page as of 9/02/09. The bank offers over a dozen checking accounts including Totally Free Checking. Below is the list of services...

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See Rates for: Checking | Savings | Money Market | CD

Madison National Bank Checking Account Rates

Apy	Min	Max	Product
0.50%	$2,500	-	Executive Checking with Interest
0.50%	-	-	Madison IOLA
0.50%	-	-	IOLTA Account
0.40%	$1,500	-	Madison NOW
0.35%	$20k	-	Madison Super NOW
0.35%	-	-	MVP Checking with Interest
0.30%	-	-	50 Plus Free Checking
0.30%	$500	-	Advantage Checking with Interest
0.25%	-	-	Easy Checking with Interest
0.25%	-	-	Value Checking with Interest

Madison National Bank Savings Account Rates

Apy	Min	Max	Product
0.55%	$25k	-	Madison Optimal Savings Account
0.50%	-	-	Madison Holiday Savings Account
0.50%	-	-	Madison Kids Savings Account
0.50%	-	-	Madison Student Savings Account
0.50%	$5k	-	Madison Super Saver Account
0.50%	-	-	Madison Vacation Savings Account

Madison National Bank Money Market Rates

Apy	Min	Max	Product
0.60%	$2,500	-	Premium Money Market
0.50%	$2,500	-	Passport Money Market

Madison National Bank CD Rates

Apy	Min	Max	Product
1.75%	$500	-	Madison 60 Month Premier CD
1.00%	$500	-	Madison 36 Month Super CD
0.95%	$500	-	Madison 30 Month Super CD
0.90%	$500	-	Madison 24 Month Premier CD
0.60%	$500	-	Madison 18 Month Super CD
0.55%	$100k	-	Madison 365 Day Jumbo CD
0.50%	$500	-	Madison 12 Month Premium CD
0.50%	$500	-	Madison 12 Month Super CD
0.50%	$500	-	Madison 13 Month Super CD
0.45%	$500	-	6 Month Premium CD (Monthly Credit)
0.45%	$500	-	6 Month Premium CD (Term Credit)
0.45%	$500	-	Madison 7 Month Super CD
0.45%	$500	-	Madison 9 Month Super CD
0.45%	$500	-	Madison 11 Month Super CD
0.40%	$100k	-	Madison 120 Day Jumbo CD
0.40%	$100k	-	Madison 180 Day Jumbo CD
0.40%	$100k	-	Madison 270 Day Jumbo CD
0.35%	$500	-	Madison 3 Month Super CD
0.35%	$500	-	Madison 4 Month Super CD
0.35%	$500	-	Madison 5 Month Super CD
0.35%	$500	-	Madison 5 Month Liquid CD
0.30%	$100k	-	Madison 30 Day Jumbo CD
0.30%	$100k	-	Madison 60 Day Jumbo CD
0.30%	$100k	-	Madison 90 Day Jumbo CD

Rates updated: 5/26/2012

Data for Q1 2012

Institution Statistics

Madison National Bank
FDIC Certificate #	58419
BankRate Report	View
Year Established	2007
Employees	49
Primary Regulator	OCC
Assets and Liabilities
Assets	$297.64 million
Loans	$195.59 million
Deposits	$226.82 million
Equity Capital	$34.65 million
Loan Loss Allowance	$3.92 million
Unbacked Noncurrent Loans	$11.75 million
Historic Data - March 2011
Assets	$297.94 million
Equity Capital	$34.28 million
Loan Loss Allowance	$4.97 million
Unbacked Noncurrent Loans	$8.06 million
Profit Margin - Quarterly
Net Interest Margin	3.21%
Return on Assets	-0.79%
Return on Equity	-6.85%
Interest Income	$3.23 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Madison National Bank had $11.75 million in non-current loans and owned real-estate with $38.57 million in equity and loan loss allowances on hand to cover it. This gives Madison National Bank a Texas Ratio of 30.45% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Madison National Bank increased slightly from 20.53% as of March 31, 2011 to 30.45% as of March 31, 2012, resulting in a negative change of 48.34%. This indicates that the balance sheet and financial strength for Madison National Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Madison National Bank has increased its total deposits by $4 million, resulting in 1.8% 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 National Bank has shown is above average.
Capitalization
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 National Bank has $297.64 million in assets with $38.57 million in equity, resulting in a capitalization level of 12.96%, which is excellent.