MA Bank is headquartered in MACON and is the 87th largest bank in the state of Missouri. It is also the 2,244th largest bank in the nation. It was established in 1893 and as of June of 2024, it had grown to 67 employees at 2 locations. MA Bank's money market rates are 3X the national average, and it has a B+ health rating.
Awesome Experience
Yes, you have to open in person the first time but it was well worth the almost 2 hour drive to get an awesome rate locked in for 42 months. Who knows where interest rates will be by the time this cd matures, probably not this great! My only regret is I didn’t have more funds to put in as my other cd’s at another bank do not mature until June of 2025. Hopefully this rate hangs on and I can roll that money into another cd at this bank which I won’t need to make the drive as I already have the relationship established. I went to the Monroe City, MO branch but they also have a branch in Macon, MO. Before making my drive I had my initial questions answered by a gentleman named Steve from the Macon branch. He was very helpful and told me everything to bring which really amounted to a valid id with current address and the funds to load the cd. He sounded like he really enjoyed his job and very interested in helping. Upon arriving to the Monroe City branch the first thing I noticed was the bank building looked pretty new and was very easy to find along the main drag. I went in and there were two tellers both ready to help. I stated I need to open a CD and they referred me to Collete in the adjoining office off to the side. Within 20 minutes or so we had the transaction completed and I was on my way. Very pleasant and almost easier than the prior one I opened online at a different institution. I would drop a star for the fact you have to go in person the first time but this is only for your protection and not to make it hard on you to open an account. If your not within 2-3 hours of either of there branches I probably would not make the trip but rates are going down so NOW is the time if your going to!
MUST OPEN IN PERSON
Just called and you MUST COME INTO a branch to open an account for the first time.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 14695 |
| Year Established | 1893 |
| Employees | 67 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1% |
| Return on Equity - YTD | 11.89% |
| Annual Interest Income | $8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $353.1MM$348.3MM |
| Loans | Q2 2024vs Q2 2023 | $183.5MM$164.7MM |
| Deposits | Q2 2024vs Q2 2023 | $316.5MM$315.1MM |
| Equity Capital | Q2 2024vs Q2 2023 | $30.3MM$27.2MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $2.6MM$2.4MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.4MM$1.7MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |