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Melvin Savings Bank

Overview / Commentary
260 Main Street
Melvin, IA 51350

Melvin Savings Bank is headquartered in Melvin and is the 222nd largest bank in the state of Iowa. It is also the 4,541st largest bank in the nation. It was established in 1912 and as of March of 2019, it had grown to 12 employees at 2 locations. Melvin Savings Bank's CD rates are 78% higher than the national average, and it 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 - YTD0.69%
Return on Equity - YTD3.98%
Annual Interest Income$558.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$71.6MM$70.2MM
LoansQ1 2019vs Q1 2018$25.3MM$25.6MM
DepositsQ1 2019vs Q1 2018$59.0MM$58.0MM
Equity CapitalQ1 2019vs Q1 2018$12.4MM$12.1MM
Loan Loss AllowanceQ1 2019vs Q1 2018$405.00K$408.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$669.00K$3.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
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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

1.60%--Health Savings Account
0.70%--MSB Passbook Savings Account

Melvin Savings Bank Money Market Rates

0.85%*$200k*-Money Market Checking Account
OTHER TIERS: 0.45% Up to $1k | 0.50% $1k - $25k | 0.60% $25k - $100k | 0.70% $100k - $200k

Melvin Savings Bank Checking Account Rates

0.65%*$100k*-Super NOW Checking Account
OTHER TIERS: 0.40% Up to $25k | 0.50% $25k - $100k
0.45%$1.2k-Senior Spirit Checking Account
0.40%--NOW Checking Account

Melvin Savings Bank CD Rates

3.00%$500-60 Month CD
2.70%$500-19 Month CD
2.25%$500-36 Month CD
2.10%$500-29 Month CD
2.05%$500-18 Month CD
1.80%$500-11 Month CD
1.70%$500-10 Month CD
1.65%$500-24 Month CD
1.60%$500-12 Month CD
1.40%$500-6 Month CD
1.15%$500-8 Month CD
1.15%$500-9 Month CD
0.90%$500-91 Day CD

Melvin Savings Bank IRA Rates

3.00%$25-60 Month Fixed Rate IRA
2.70%$25-19 Month Fixed Rate IRA
2.25%$25-36 Month Fixed Rate IRA
2.10%$25-29 Month Fixed Rate IRA
2.05%$25-18 Month Fixed Rate IRA
1.80%$25-11 Month Fixed Rate IRA
1.70%$25-10 Month Fixed Rate IRA
1.65%$25-24 Month Fixed Rate IRA
1.60%$25-12 Month Fixed Rate IRA
1.40%$25-18 Month Variable Rate IRA
1.40%$25-6 Month Fixed Rate IRA
1.15%$25-8 Month Fixed Rate IRA
1.15%$25-9 Month Fixed Rate IRA
0.90%$25-91 Day Fixed Rate IRA

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

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