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712-732-4117
121 East Fifth St
Storm Lake, IA 50588

MetaBank is headquartered in Storm Lake and is the 4th largest bank in the state of Iowa. It is also the 379th largest bank in the nation. It was established in 1954 and as of March of 2014, it had grown to 433 employees at 11 locations. MetaBank has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

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 MetaBank had $718,000 in non-current loans and owned real-estate with $160.3 million in equity and loan loss allowances on hand to cover it. This gives MetaBank a Texas Ratio of 0.45% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for MetaBank decreased dramatically from 1.23% as of March 31, 2013 to 0.45% as of March 31, 2014, resulting in a positive change of 63.51%.This indicates that the balance sheet and financial strength for MetaBank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, MetaBank has decreased its total deposits by -$55.99 million, resulting in -3.59% 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 MetaBank has shown is below average.

Capitalization

GRADE:
C

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. MetaBank has $1.89 billion in assets with $160.3 million in equity, resulting in a capitalization level of 8.49%, which is average.

Institution Statistics

Overall
FDIC Certificate #30776
Year Established1954
Employees433
Primary RegulatorOCC
Assets and Liabilities
Assets$1.89 billion
Loans$426.02 million
Deposits$1.50 billion
Equity Capital$155.73 million
Loan Loss Allowance$4.57 million
Unbacked Noncurrent Loans$602,000
Real Estate Owned$116,000
Historic Data - March 2013
Assets$1.74 billion
Equity Capital$150.11 million
Loan Loss Allowance$3.71 million
Unbacked Noncurrent Loans$602,000
Real Estate Owned$9,000
Profit Margin - Quarterly
Net Interest Margin2.69%
Return on Assets0.93%
Return on Equity11.53%
Interest Income$12.06 million
Rates

Sorry, we do not have rate data for MetaBank

Locations

MetaBank has 12 locations. Click to view all MetaBank locations.