Melvin Savings Bank

260 Main Street
Melvin, IA 51350


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 256
Date Established 1912
Assets $0.07 billion
Loans $0.02 billion
Deposits $0.06 billion
Capital $0.01 billion

Melvin Savings Bank is an FDIC insured institution located in Melvin, IA. It was founded in 1912 and has approximately $0.07 billion in assets. Customers can open an account at one of its 2 branches.

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

Deposit Rates - October 15, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.30% $1,000 $9,999 Learn MoreShow Less
Money Market
0.30% $10,000 $24,999 Learn MoreShow Less
Money Market
0.40% $25,000 $99,999 Learn MoreShow Less
3 Mo CD
0.90% $500 - Learn MoreShow Less
6 Mo CD
1.40% $500 - Learn MoreShow Less
12 Mo CD
1.60% $500 - Learn MoreShow Less
18 Mo CD
1.80% $500 - Learn MoreShow Less
24 Mo CD
1.65% $500 - Learn MoreShow Less
36 Mo CD
2.00% $500 - Learn MoreShow Less
60 Mo CD
2.50% $500 - Learn MoreShow Less

Fixed IRA
1.60% $25 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.40% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.20% $1 $999 Learn MoreShow Less
0.20% $1,000 $9,999 Learn MoreShow Less

Loan Rates - October 15, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Melvin Savings Bank

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 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.536% 3.500% 0.50 $1,130 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to Melvin Savings Bank
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Financial Details

Melvin Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Melvin 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
Melvin Savings Bank U.S. Bank Average
6.14% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, Melvin Savings Bank had $798,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $12,584,000 in equity and $405,000 in loans loss reserves. That gives it a Texas Ratio of 6.14%.

Return on Equity
Melvin Savings Bank U.S. Bank Average
4.02% 9.50%

Melvin Savings Bank has a Return on Equity of 4.02% versus the BestCashCow average of 9.50%. 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.

Melvin Savings Bank U.S. Bank Average
18.59% 12.76%

Melvin Savings Bank has a Capitalization of 18.59% versus the BestCashCow average of 12.76. 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.

Melvin Savings Bank Balance Sheet Analysis

As of June 30, 2019, Melvin Savings Bank had assets of $67,684,000, loans of $24,518,000, and deposits of $55,007,000. 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

June 30, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.02 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.06 billion
Total deposits $0.06 billion
      Interest-bearing deposits $0.05 billion
      Deposits held in domestic offices $0.06 billion
      % insured (estimated) 81.04%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.06 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

June 30, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in Iowa, Melvin Savings Bank has a significantly higher percent of Credit Card 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 9.05
Credit Card Loans 0.29
Consumer Auto Loans 2.79
Small Business Loans 8.03
Construction and Development Loans 0.00
Commercial Real Estate 8.03
Commercial and Industrial Loans 13.21
Farm Loans 26.83

Frequently Asked Questions About Melvin Savings Bank

Branches and Savings

Is Melvin Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #256.

Why does Melvin 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 Melvin Savings Bank CD rates not competitive?

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

Is Melvin Savings Bank a commercial bank?


Where are Melvin Savings Bank locations?

See branch locations nearby.

Is Melvin Savings Bank open on Saturdays?

Is Melvin Savings Bank open on Sundays?

What time does Melvin Savings Bank open?

What time does Melvin Savings Bank close?

Are Melvin Savings Bank ATMs Open 24/7?

Do Melvin Savings Bank ATMs accept cash deposits?

Can Melvin Savings Bank customers use other ATMs?

Do Melvin Savings Bank branches have notaries?

Will Melvin Savings Bank notarize my document?

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

Will the Melvin Savings Bank branch print checks?

Do Melvin Savings Bank checks expire?

Does Melvin Savings Bank require US citizenship to open account?

Can Melvin Savings Bank close my account?

Does Melvin Savings Bank Report to credit bureaus?

Does Melvin Savings Bank Use Equifax?

What is Melvin Savings Bank's ACH Routing Number?

What is Melvin Savings Bank's SWIFT code?


Does Melvin Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Melvin Savings Bank offer personal loans?

Compare personal loan rates here.

Does Melvin Savings Bank offer student loans?

Will Melvin Savings Bank cash a check?

Will Melvin Savings Bank redeem a savings bond?

Does Melvin Savings Bank cash savings bonds?

Will Melvin Savings Bank cash money orders?

Can Melvin Savings Bank issue a money order?

Does Melvin Savings Bank do currency exchange?

Background on The Bank

Who owns Melvin Savings Bank?

How long has Melvin Savings Bank been around?

Can Melvin Savings Bank transfer to other banks?

Does Melvin Savings Bank have quick pay?

Does Melvin Savings Bank accept rolled coins?

Will Melvin Savings Bank accept loose change?

Where is Melvin Savings Bank headquarters?

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