Madison County Bank

Headquarters

171 Cobblestone Drive
Madison, MS 39110
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Madison County Bank is an FDIC insured institution located in Madison, MS. It was founded in 2002 and has approximately $0.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57242
Date Established 2002
Assets $ 67.10 million
Loans $ 51.03 million
Deposits $ 61.32 million
Capital $ 4.55 million
 

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

Deposit Rates - September 26, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 26, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Madison County Bank

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Madison County Bank
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Branches

Madison County Bank 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:
Ashburn,Virginia


Madison County Bank Locations


Financial Details

Madison County Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Madison County Bank. 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 County Bank U.S. Bank Average
21.96% 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 County Bank had $1,113,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,552,000 in equity and $516,000 in loans loss reserves. That gives it a Texas Ratio of 21.96%.

Return on Equity
Madison County Bank U.S. Bank Average
-5.94% 7.80%

Madison County Bank has a Return on Equity of -5.94% 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 County Bank U.S. Bank Average
6.78% 12.68%

Madison County Bank has a Capitalization of 6.78% 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 County Bank Balance Sheet Analysis

As of November 30, -0001, Madison County Bank had assets of $67,104,000, loans of $51,030,000, and deposits of $61,315,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 51.03 million
Loan loss allowance $ 0.52 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 61.32 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 67.10 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Madison County Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Madison County Bank’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Madison County Bank

Branches and Savings

Is Madison County Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57242.

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

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

Why are Madison County Bank CD rates not competitive?

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

Is Madison County Bank a commercial bank?

Yes

Where are Madison County Bank locations?

See branch locations nearby.

Is Madison County Bank open on Saturdays?

Is Madison County Bank open on Sundays?

What time does Madison County Bank open?

What time does Madison County Bank close?

Are Madison County Bank ATMs Open 24/7?

Do Madison County Bank ATMs accept cash deposits?

Can Madison County Bank customers use other ATMs?

Do Madison County Bank branches have notaries?

Will Madison County Bank notarize my document?

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

Will the Madison County Bank branch print checks?

Do Madison County Bank checks expire?

Does Madison County Bank require US citizenship to open account?

Can Madison County Bank close my account?

Does Madison County Bank Report to credit bureaus?

Does Madison County Bank Use Equifax?

What is Madison County Bank's ACH Routing Number?

What is Madison County Bank's SWIFT code?

Products

Does Madison County Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Madison County Bank offer personal loans?

Compare personal loan rates here.

Does Madison County Bank offer student loans?

Will Madison County Bank cash a check?

Will Madison County Bank redeem a savings bond?

Does Madison County Bank cash savings bonds?

Will Madison County Bank cash money orders?

Can Madison County Bank issue a money order?

Does Madison County Bank do currency exchange?

Background on The Bank

Who owns Madison County Bank?

How long has Madison County Bank been around?

Can Madison County Bank transfer to other banks?

Does Madison County Bank have quick pay?

Does Madison County Bank accept rolled coins?

Will Madison County Bank accept loose change?

Where is Madison County Bank headquarters?

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