Madison Bank of Maryland

Headquarters

1920 Rock Spring Road
Forest Hill, MD 21050
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage 4.78% 2.80% →
15-Year Mortgage 4.30% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Madison Bank of Maryland is an FDIC insured institution located in Forest Hill, MD. It was founded in 1904 and has approximately $0.14 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 32331
Date Established 1904
Assets $ 143.96 million
Loans $ 97.76 million
Deposits $ 95.49 million
Capital $ 27.41 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Madison Bank of Maryland 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


Madison Bank of Maryland Locations


Financial Details

Madison Bank of Maryland Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Madison Bank of Maryland. 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
Madison Bank of Maryland U.S. Bank Average
0.87% 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, Madison Bank of Maryland had $251,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $27,413,000 in equity and $1,304,000 in loans loss reserves. That gives it a Texas Ratio of 0.87%.

Return on Equity
Madison Bank of Maryland U.S. Bank Average
1.2% 7.80%

Madison Bank of Maryland has a Return on Equity of 1.2% 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
Madison Bank of Maryland U.S. Bank Average
19.04% 12.68%

Madison Bank of Maryland has a Capitalization of 19.04% 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.

Madison Bank of Maryland Balance Sheet Analysis

As of December 31, 2019, Madison Bank of Maryland had assets of $139,363,000, loans of $97,761,000, and deposits of $95,488,000. 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 $ 5.04 million
Interest-bearing balances $ 2.16 million
Total securities $ 25.21 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 97.76 million
Loan loss allowance $ 1.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 7.91 million
     Total Assets $ 111.95 million
LIABILITIES
Total deposits $ 95.49 million
      Interest-bearing deposits $ 89.21 million
      Deposits held in domestic offices $ 95.49 million
      % insured (estimated) 97.59%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 16.12 million
Subordinated debt N.A.
All other liabilities $ 0.34 million
      Total Liabilities $ 111.95 million
      Shareholders’ Equity $ 32.01 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.03 million
Total Interest Expense $ 1.55 million
Net interest income $ 3.48 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.28 million
Total non interest expense $ 3.75 million
Pre-tax Net Operating Income $ 0.29 million

Bank Loan Profile?

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

Compared to other banks in Maryland, Madison Bank of Maryland has a significantly higher percent of 1-4 Family Residential 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 77.89
Multifamily
Mortgages
1.14
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 6.86
Construction and Development Loans 0.61
Commercial Real Estate 19.62
Commercial and Industrial Loans 2.06
Farm Loans 0.00

Frequently Asked Questions About Madison Bank Of Maryland

Branches and Savings

Is Madison Bank Of Maryland FDIC insured?

Yes. It is covered under FDIC Certificate #32331.

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

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

Why are Madison Bank Of Maryland CD rates not competitive?

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

Is Madison Bank Of Maryland a commercial bank?

Yes

Where are Madison Bank Of Maryland locations?

See branch locations nearby.

Is Madison Bank Of Maryland open on Saturdays?

Is Madison Bank Of Maryland open on Sundays?

What time does Madison Bank Of Maryland open?

What time does Madison Bank Of Maryland close?

Are Madison Bank Of Maryland ATMs Open 24/7?

Do Madison Bank Of Maryland ATMs accept cash deposits?

Can Madison Bank Of Maryland customers use other ATMs?

Do Madison Bank Of Maryland branches have notaries?

Will Madison Bank Of Maryland notarize my document?

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

Will the Madison Bank Of Maryland branch print checks?

Do Madison Bank Of Maryland checks expire?

Does Madison Bank Of Maryland require US citizenship to open account?

Can Madison Bank Of Maryland close my account?

Does Madison Bank Of Maryland Report to credit bureaus?

Does Madison Bank Of Maryland Use Equifax?

What is Madison Bank Of Maryland's ACH Routing Number?

What is Madison Bank Of Maryland's SWIFT code?

Products

Does Madison Bank Of Maryland offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Madison Bank Of Maryland offer personal loans?

Compare personal loan rates here.

Does Madison Bank Of Maryland offer student loans?

Will Madison Bank Of Maryland cash a check?

Will Madison Bank Of Maryland redeem a savings bond?

Does Madison Bank Of Maryland cash savings bonds?

Will Madison Bank Of Maryland cash money orders?

Can Madison Bank Of Maryland issue a money order?

Does Madison Bank Of Maryland do currency exchange?

Background on The Bank

Who owns Madison Bank Of Maryland?

How long has Madison Bank Of Maryland been around?

Can Madison Bank Of Maryland transfer to other banks?

Does Madison Bank Of Maryland have quick pay?

Does Madison Bank Of Maryland accept rolled coins?

Will Madison Bank Of Maryland accept loose change?

Where is Madison Bank Of Maryland headquarters?

Customer Reviews for Madison Bank of Maryland

There are currently no comments for Madison Bank of Maryland. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →