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Overview / Commentary
260 Main Street
Melvin, IA 51350

Melvin Savings Bank is headquartered in Melvin and is the 235th largest bank in the state of Iowa. It is also the 4,868th largest bank in the nation. It was established in 1912 and as of September of 2017, it had grown to 11 employees at 2 locations. Melvin Savings Bank has a B+ health rating.


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Melvin Savings Bank has a relatively low asset base.

Health Grade Components

FDIC Certificate #256
Year Established1912
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD5.66%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$67.5MM$66.7MM
LoansQ3 2017vs Q3 2016$25.5MM$28.3MM
DepositsQ3 2017vs Q3 2016$55.2MM$54.6MM
Equity CapitalQ3 2017vs Q3 2016$12.2MM$12.1MM
Loan Loss AllowanceQ3 2017vs Q3 2016$408.00K$408.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$211.00K$24.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$0

Rates for Melvin Savings Bank are currently being reviewed.


Melvin Savings Bank Locations
Melvin Savings Bank260 Main StreetMelvin, IA 51350
Sibley Branch721 Second AvenueSibley, IA 51249