Maynard Savings Bank


310 West Main Street
Maynard, IA 50655
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Notable Rates APY Vs.Others
Savings 0.40% 1.40% →
1-Year CD 0.75% 1.15% →
2-Year CD 1.00% 1.26% →
5-Year CD 1.00% 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

Maynard Savings Bank is an FDIC insured institution located in Maynard, IA. It was founded in 1895 and has approximately $0.06 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 13736
Date Established 1895
Assets $ 60.89 million
Loans $ 40.86 million
Deposits $ 41.71 million
Capital $ 9.36 million

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

Deposit Rates - July 9, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
0.40% $1 - Learn More
Money Market
0.30% $2,500 $9,999 Learn More
Money Market
0.40% $10,000 $24,999 Learn More
Money Market
0.50% $25,000 $49,999 Learn More
6 Mo CD
0.55% $1,000 - Learn More
12 Mo CD
0.75% $1,000 - Learn More
24 Mo CD
1.00% $1,000 - Learn More
36 Mo CD
1.00% $1,000 - Learn More
48 Mo CD
1.00% $1,000 - Learn More
60 Mo CD
1.00% $1,000 - Learn More

Variable IRA Rates APY MIN MAX
1.66% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.40% $2,500 - Learn MoreShow Less

Loan Rates - July 9, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Maynard Savings Bank

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

Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
NMLS ID: 2890
License#: 520-CL-25944
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Washington 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

Note to Maynard Savings Bank
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Financial Details

Maynard Savings Bank Ratio Analysis

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

Texas Ratio
Maynard Savings Bank U.S. Bank Average
6.43% 6.51%

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 December 31, 2019, Maynard Savings Bank had $335,000 in non-current loans and $326,000 in owned real estate. To cover these potential losses it had $9,361,000 in equity and $914,000 in loans loss reserves. That gives it a Texas Ratio of 6.43%.

Return on Equity
Maynard Savings Bank U.S. Bank Average
4.42% 9.41%

Maynard Savings Bank has a Return on Equity of 4.42% versus the BestCashCow average of 9.41%. 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.

Maynard Savings Bank U.S. Bank Average
15.37% 12.82%

Maynard Savings Bank has a Capitalization of 15.37% versus the BestCashCow average of 12.82. 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.

Maynard Savings Bank Balance Sheet Analysis

As of December 31, 2019, Maynard Savings Bank had assets of $60,892,000, loans of $40,861,000, and deposits of $41,711,000. 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

December 31, 2019
Cash & Balances due from depository institutions $ 10.02 million
Interest-bearing balances $ 9.58 million
Total securities $ 8.24 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 40.86 million
Loan loss allowance $ 0.91 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.33 million
Goodwill and other intangibles N.A.
All other assets $ 0.97 million
     Total Assets $ 51.53 million
Total deposits $ 41.71 million
      Interest-bearing deposits $ 33.88 million
      Deposits held in domestic offices $ 41.71 million
      % insured (estimated) 86.22%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 9.73 million
Subordinated debt N.A.
All other liabilities $ 0.10 million
      Total Liabilities $ 51.53 million
      Shareholders’ Equity $ 9.36 million

Summary Income Statement

December 31, 2019
Total Interest Income $ 2.70 million
Total Interest Expense $ 0.61 million
Net interest income $ 2.09 million
Provision for loan and lease losses $ 0.45 million
Total non interest income $ 0.02 million
Total non interest expense $ 1.21 million
Pre-tax Net Operating Income $ 0.45 million

Bank Loan Profile?

The top three loan types in Maynard Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Commercial and Industrial Loans.

Compared to other banks, Maynard Savings 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 34.63
Credit Card Loans 0.06
Consumer Auto Loans 4.39
Small Business Loans 5.79
Construction and Development Loans 0.00
Commercial Real Estate 5.79
Commercial and Industrial Loans 7.96
Farm Loans 21.76

Frequently Asked Questions About Maynard Savings Bank

Branches and Savings

Is Maynard Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #13736.

Why does Maynard Savings Bank pay such low interest on savings accounts?

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

Why are Maynard Savings Bank CD rates not competitive?

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

Is Maynard Savings Bank a commercial bank?


Where are Maynard Savings Bank locations?

See branch locations nearby.

Is Maynard Savings Bank open on Saturdays?

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Are Maynard Savings Bank ATMs Open 24/7?

Do Maynard Savings Bank ATMs accept cash deposits?

Can Maynard Savings Bank customers use other ATMs?

Do Maynard Savings Bank branches have notaries?

Will Maynard Savings Bank notarize my document?

What address for Maynard Savings Bank should I put for incoming ACH transfers?

Will the Maynard Savings Bank branch print checks?

Do Maynard Savings Bank checks expire?

Does Maynard Savings Bank require US citizenship to open account?

Can Maynard Savings Bank close my account?

Does Maynard Savings Bank Report to credit bureaus?

Does Maynard Savings Bank Use Equifax?

What is Maynard Savings Bank's ACH Routing Number?

What is Maynard Savings Bank's SWIFT code?


Does Maynard Savings Bank offer mortgages?

Compare mortgage rates here.

Does Maynard Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Maynard Savings Bank offer personal loans?

Compare personal loan rates here.

Does Maynard Savings Bank offer student loans?

Will Maynard Savings Bank cash a check?

Will Maynard Savings Bank redeem a savings bond?

Does Maynard Savings Bank cash savings bonds?

Will Maynard Savings Bank cash money orders?

Can Maynard Savings Bank issue a money order?

Does Maynard Savings Bank do currency exchange?

Background on The Bank

Who owns Maynard Savings Bank?

How long has Maynard Savings Bank been around?

Can Maynard Savings Bank transfer to other banks?

Does Maynard Savings Bank have quick pay?

Does Maynard Savings Bank accept rolled coins?

Will Maynard Savings Bank accept loose change?

Where is Maynard Savings Bank headquarters?

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