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Melvin Savings Bank


Overview / Commentary
melvinsavingsbank.com
712-736-2420
260 Main Street
Melvin, IA 51350

Melvin Savings Bank is headquartered in Melvin and is the 214th largest bank in the state of Iowa. It is also the 4,381st largest bank in the nation. It was established in 1912 and as of December of 2019, it had grown to 11 employees at 2 locations. Melvin Savings Bank's CD rates are 17% higher than the national average, and it has a B+ health rating.

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Health
B+

Data as of Q4 2019

Learn why bank health matters
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

Overall
FDIC Certificate #256
Year Established1912
Employees11
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.44%
Return on Equity - YTD2.49%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$73.9MM$72.2MM
LoansQ4 2019vs Q4 2018$23.4MM$25.5MM
DepositsQ4 2019vs Q4 2018$61.2MM$59.7MM
Equity CapitalQ4 2019vs Q4 2018$12.6MM$12.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$405.00K$405.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$671.00K$691.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Melvin Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%--Health Savings Account
0.25%--MSB Passbook Savings Account

Melvin Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$200k*-Money Market Checking Account
OTHER TIERS: 0.01% → Up to $1k | 0.05% → $1k - $25k | 0.15% → $25k - $100k | 0.25% → $100k - $200k

Melvin Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Super NOW Checking Account
OTHER TIERS: 0.01% → Up to $10k | 0.05% → $10k - $100k
0.01%--NOW Checking Account
0.01%$1.2k-Senior Spirit Checking Account

Melvin Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.65%$500-60 Month CD
1.40%$500-19 Month CD
1.30%$500-36 Month CD
1.30%$500-29 Month CD
1.05%$500-12 Month CD
1.05%$500-24 Month CD
0.95%$500-10 Month CD
0.95%$500-11 Month CD
0.85%$500-18 Month CD
0.60%$500-6 Month CD
0.50%$500-8 Month CD
0.50%$500-9 Month CD
0.40%$500-91 Day CD

Melvin Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.65%$25-60 Month Fixed Rate IRA
1.40%$25-19 Month Fixed Rate IRA
1.30%$25-36 Month Fixed Rate IRA
1.30%$25-29 Month Fixed Rate IRA
1.05%$25-12 Month Fixed Rate IRA
1.05%$25-24 Month Fixed Rate IRA
0.95%$25-10 Month Fixed Rate IRA
0.95%$25-11 Month Fixed Rate IRA
0.85%$25-18 Month Fixed Rate IRA
0.60%$25-18 Month Variable Rate IRA
0.60%$25-6 Month Fixed Rate IRA
0.50%$25-8 Month Fixed Rate IRA
0.50%$25-9 Month Fixed Rate IRA
0.40%$25-91 Day Fixed Rate IRA
Locations


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

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