Mayville Savings Bank

Headquarters

200 South Main Street
Mayville, WI 53050
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.50% 0.95% →
2-Year CD 0.60% 1.05% →
5-Year CD 0.90% 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

Mayville Savings Bank is an FDIC insured institution located in Mayville, WI. It was founded in 1922 and has approximately $0.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 30585
Date Established 1922
Assets $ 68.98 million
Loans $ 50.15 million
Deposits $ 61.29 million
Capital $ 7.49 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $100 - Learn More
Money Market
0.25% $5,000 - Learn More
CD Rates APY MIN MAX
12 Mo CD
0.50% $500 - Learn More
24 Mo CD
0.60% $500 - Learn More
36 Mo CD
0.75% $500 - Learn More
48 Mo CD
0.85% $500 - Learn More
60 Mo CD
0.90% $500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $200 - Learn MoreShow Less

Loan Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Mayville Savings 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
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,118 $1,021 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 Mayville Savings Bank
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Branches

Mayville Savings 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


Mayville Savings Bank Locations


Financial Details

Mayville Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mayville Savings 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
Mayville Savings Bank U.S. Bank Average
5.02% 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, Mayville Savings Bank had $398,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,494,000 in equity and $431,000 in loans loss reserves. That gives it a Texas Ratio of 5.02%.

Return on Equity
Mayville Savings Bank U.S. Bank Average
6.3% 7.80%

Mayville Savings Bank has a Return on Equity of 6.3% 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
Mayville Savings Bank U.S. Bank Average
10.86% 12.68%

Mayville Savings Bank has a Capitalization of 10.86% 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.

Mayville Savings Bank Balance Sheet Analysis

As of March 31, 2020, Mayville Savings Bank had assets of $68,975,000, loans of $50,150,000, and deposits of $61,289,000. 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 $ 5.37 million
Interest-bearing balances $ 4.31 million
Total securities $ 3.24 million
Federal funds sold and reverse repurchase $ 8.05 million
Net loans and leases $ 50.15 million
Loan loss allowance $ 0.43 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 $ 1.48 million
     Total Assets $ 61.48 million
LIABILITIES
Total deposits $ 61.29 million
      Interest-bearing deposits $ 52.89 million
      Deposits held in domestic offices $ 61.29 million
      % insured (estimated) 79.06%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.19 million
      Total Liabilities $ 61.48 million
      Shareholders’ Equity $ 7.49 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.65 million
Total Interest Expense $ 0.14 million
Net interest income $ 0.51 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.03 million
Total non interest expense $ 0.36 million
Pre-tax Net Operating Income $ 0.16 million

Bank Loan Profile?

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

Compared to other banks in Wisconsin, Mayville Savings Bank has a significantly higher percent of 1-4 Family Residential Loans, Small Business 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 74.51
Multifamily
Mortgages
2.35
Credit Card Loans 0.00
Consumer Auto Loans 0.77
Small Business Loans 7.88
Construction and Development Loans 3.53
Commercial Real Estate 7.88
Commercial and Industrial Loans 7.69
Farm Loans 0.47

Frequently Asked Questions About Mayville Savings Bank

Branches and Savings

Is Mayville Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #30585.

Why does Mayville 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 Mayville Savings Bank CD rates not competitive?

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

Is Mayville Savings Bank a commercial bank?

Yes

Where are Mayville Savings Bank locations?

See branch locations nearby.

Is Mayville Savings Bank open on Saturdays?

Is Mayville Savings Bank open on Sundays?

What time does Mayville Savings Bank open?

What time does Mayville Savings Bank close?

Are Mayville Savings Bank ATMs Open 24/7?

Do Mayville Savings Bank ATMs accept cash deposits?

Can Mayville Savings Bank customers use other ATMs?

Do Mayville Savings Bank branches have notaries?

Will Mayville Savings Bank notarize my document?

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

Will the Mayville Savings Bank branch print checks?

Do Mayville Savings Bank checks expire?

Does Mayville Savings Bank require US citizenship to open account?

Can Mayville Savings Bank close my account?

Does Mayville Savings Bank Report to credit bureaus?

Does Mayville Savings Bank Use Equifax?

What is Mayville Savings Bank's ACH Routing Number?

What is Mayville Savings Bank's SWIFT code?

Products

Does Mayville Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Mayville Savings Bank offer personal loans?

Compare personal loan rates here.

Does Mayville Savings Bank offer student loans?

Will Mayville Savings Bank cash a check?

Will Mayville Savings Bank redeem a savings bond?

Does Mayville Savings Bank cash savings bonds?

Will Mayville Savings Bank cash money orders?

Can Mayville Savings Bank issue a money order?

Does Mayville Savings Bank do currency exchange?

Background on The Bank

Who owns Mayville Savings Bank?

How long has Mayville Savings Bank been around?

Can Mayville Savings Bank transfer to other banks?

Does Mayville Savings Bank have quick pay?

Does Mayville Savings Bank accept rolled coins?

Will Mayville Savings Bank accept loose change?

Where is Mayville Savings Bank headquarters?

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