Bank of Madison

Headquarters

133 North Main Street
Madison, GA 30650
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.30% 1.05% →
1-Year CD 1.16% 1.05% →
2-Year CD 1.16% 1.11% →
5-Year CD 1.36% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Bank of Madison is an FDIC insured institution located in Madison, GA. It was founded in 1890 and has approximately $0.24 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 148
Date Established 1890
Assets $ 242.19 million
Loans $ 180.78 million
Deposits $ 204.33 million
Capital $ 30.65 million
 

For a more detailed analysis of Bank of Madison's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 9, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.30% $2,500 $4,999 Learn More
Money Market
0.40% $2,500 $2,999 Learn More
Money Market
0.50% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.40% $10,000 $14,999 Learn More
3 Mo CD
0.40% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
1.00% $10,000 $14,999 Learn More
12 Mo CD
1.16% $100,000 $199,999 Learn More
24 Mo CD
1.16% $10,000 $14,999 Learn More
24 Mo CD
1.16% $100,000 $199,999 Learn More
36 Mo CD
1.26% $10,000 $14,999 Learn More
36 Mo CD
1.26% $100,000 $199,999 Learn More
48 Mo CD
1.36% $10,000 $14,999 Learn More
48 Mo CD
1.36% $100,000 $199,999 Learn More
60 Mo CD
1.36% $10,000 $14,999 Learn More
60 Mo CD
1.36% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.40% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 9, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Madison

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to Bank of Madison
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Branches

Bank of Madison branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Bank of Madison Locations


Financial Details

Bank of Madison Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Madison. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Madison U.S. Bank Average
10.97% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Bank of Madison had $1,737,000 in non-current loans and $1,891,000 in owned real estate. To cover these potential losses it had $30,648,000 in equity and $2,426,000 in loans loss reserves. That gives it a Texas Ratio of 10.97%.

Return on Equity
Bank of Madison U.S. Bank Average
9.52% 7.80%

Bank of Madison has a Return on Equity of 9.52% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Madison U.S. Bank Average
12.65% 12.68%

Bank of Madison has a Capitalization of 12.65% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Madison Balance Sheet Analysis

As of March 31, 2020, Bank of Madison had assets of $242,191,000, loans of $180,776,000, and deposits of $204,333,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 6.97 million
Interest-bearing balances $ 0.49 million
Total securities $ 41.36 million
Federal funds sold and reverse repurchase $ 8.84 million
Net loans and leases $ 180.78 million
Loan loss allowance $ 2.43 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.89 million
Goodwill and other intangibles N.A.
All other assets $ 2.06 million
     Total Assets $ 211.54 million
LIABILITIES
Total deposits $ 204.33 million
      Interest-bearing deposits $ 144.93 million
      Deposits held in domestic offices $ 204.33 million
      % insured (estimated) 76.69%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.00 million
Subordinated debt N.A.
All other liabilities $ 2.21 million
      Total Liabilities $ 211.54 million
      Shareholders’ Equity $ 30.65 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.80 million
Total Interest Expense $ 0.34 million
Net interest income $ 2.46 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.34 million
Total non interest expense $ 1.92 million
Pre-tax Net Operating Income $ 0.84 million

Bank Loan Profile?

The top three loan types in Bank of Madison’s loan portfolio are Construction and Development Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Georgia, Bank of Madison has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 23.78
Multifamily
Mortgages
1.63
Credit Card Loans 0.00
Consumer Auto Loans 0.40
Small Business Loans 0.00
Construction and Development Loans 28.33
Commercial Real Estate 24.17
Commercial and Industrial Loans 6.71
Farm Loans 2.87

Frequently Asked Questions About Bank Of Madison

Branches and Savings

Is Bank Of Madison FDIC insured?

Yes. It is covered under FDIC Certificate #148.

Why does Bank Of Madison pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of Madison CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of Madison a commercial bank?

Yes

Where are Bank Of Madison locations?

See branch locations nearby.

Is Bank Of Madison open on Saturdays?

Is Bank Of Madison open on Sundays?

What time does Bank Of Madison open?

What time does Bank Of Madison close?

Are Bank Of Madison ATMs Open 24/7?

Do Bank Of Madison ATMs accept cash deposits?

Can Bank Of Madison customers use other ATMs?

Do Bank Of Madison branches have notaries?

Will Bank Of Madison notarize my document?

What address for Bank Of Madison should I put for incoming ACH transfers?

Will the Bank Of Madison branch print checks?

Do Bank Of Madison checks expire?

Does Bank Of Madison require US citizenship to open account?

Can Bank Of Madison close my account?

Does Bank Of Madison Report to credit bureaus?

Does Bank Of Madison Use Equifax?

What is Bank Of Madison's ACH Routing Number?

What is Bank Of Madison's SWIFT code?

Products

Does Bank Of Madison offer mortgages?

Compare mortgage rates here.

Does Bank Of Madison offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Madison offer personal loans?

Compare personal loan rates here.

Does Bank Of Madison offer student loans?

Will Bank Of Madison cash a check?

Will Bank Of Madison redeem a savings bond?

Does Bank Of Madison cash savings bonds?

Will Bank Of Madison cash money orders?

Can Bank Of Madison issue a money order?

Does Bank Of Madison do currency exchange?

Background on The Bank

Who owns Bank Of Madison?

How long has Bank Of Madison been around?

Can Bank Of Madison transfer to other banks?

Does Bank Of Madison have quick pay?

Does Bank Of Madison accept rolled coins?

Will Bank Of Madison accept loose change?

Where is Bank Of Madison headquarters?

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