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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 390th largest bank in the nation. It was established in 1954 and as of December of 2013, it had grown to 435 employees at 12 locations. MetaBank has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 December 31, 2013 MetaBank had $1.85 million in non-current loans and owned real-estate with $146.65 million in equity and loan loss allowances on hand to cover it. This gives MetaBank a Texas Ratio of 1.26% 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 MetaBank experienced no significant changes from 1.13% as of December 31, 2012 to 1.26% as of December 31, 2013, resulting in a negative change of 11.32%. This indicates that the balance sheet and financial strength for MetaBank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, MetaBank has increased its total deposits by $70.64 million, resulting in 5.36% 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 excellent.

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 $1.8 billion in assets with $146.65 million in equity, resulting in a capitalization level of 8.13%, which is average.

Institution Statistics

Overall
FDIC Certificate #30776
Year Established1954
Employees435
Primary RegulatorOCC
Assets and Liabilities
Assets$1.80 billion
Loans$402.48 million
Deposits$1.39 billion
Equity Capital$142.39 million
Loan Loss Allowance$4.26 million
Unbacked Noncurrent Loans$613,000
Real Estate Owned$1.24 million
Historic Data - December 2012
Assets$1.76 billion
Equity Capital$152.05 million
Loan Loss Allowance$3.96 million
Unbacked Noncurrent Loans$613,000
Real Estate Owned$9,000
Profit Margin - Quarterly
Net Interest Margin2.35%
Return on Assets0.89%
Return on Equity10.62%
Interest Income$40.51 million
Rates

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Locations

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