5501 South Broadband Lane
Sioux Falls, SD 57108
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Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

MetaBank is an FDIC insured institution located in Sioux Falls, SD. It was founded in 1954 and has approximately $6.19 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 30776
Date Established 1954
Assets $ 6.19 billion
Loans $ 3.82 billion
Deposits $ 4.81 billion
Capital $ 933.16 million

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

Deposit Rates - July 5, 2020

Your Current Location: Virginia, VA 20146

Loan Rates - July 5, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for MetaBank

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
Learn More
NMLS ID: 2890
License#: MC-3098
3.039% 3.000% 0.50 $1,250 $1,055 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
2.990 %
$0 Learn More
More Info

Note to MetaBank
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Financial Details

MetaBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of MetaBank. 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
MetaBank U.S. Bank Average
2.49% 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, MetaBank had $23,983,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $933,156,000 in equity and $30,176,000 in loans loss reserves. That gives it a Texas Ratio of 2.49%.

Return on Equity
MetaBank U.S. Bank Average
11.95% 9.41%

MetaBank has a Return on Equity of 11.95% 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.

MetaBank U.S. Bank Average
15.07% 12.82%

MetaBank has a Capitalization of 15.07% 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.

MetaBank Balance Sheet Analysis

As of December 31, 2019, MetaBank had assets of $6,192,202,000, loans of $3,824,564,000, and deposits of $4,809,109,000. 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 $ 154.12 million
Interest-bearing balances $ 91.97 million
Total securities $ 1,340.79 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.82 billion
Loan loss allowance $ 30.18 million
Trading account assets $ 2.04 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 361.51 million
All other assets $ 439.24 million
     Total Assets $ 5.26 billion
Total deposits $ 4.81 billion
      Interest-bearing deposits $ 1,846.58 million
      Deposits held in domestic offices $ 4.81 billion
      % insured (estimated) 91.90%
Federal funds purchased and repurchase agreements $ 147.55 million
Trading liabilities N.A.
Other borrowed funds $ 174.76 million
Subordinated debt N.A.
All other liabilities $ 127.63 million
      Total Liabilities $ 5.26 billion
      Shareholders’ Equity $ 933.16 million

Summary Income Statement

December 31, 2019
Total Interest Income $ 333.71 million
Total Interest Expense $ 54.51 million
Net interest income $ 279.20 million
Provision for loan and lease losses $ 49.96 million
Total non interest income $ 221.76 million
Total non interest expense $ 339.00 million
Pre-tax Net Operating Income $ 112.00 million

Bank Loan Profile?

The top three loan types in MetaBank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in South Dakota, MetaBank has a significantly higher percent of Commercial and Industrial 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 6.39
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 1.09
Construction and Development Loans 4.70
Commercial Real Estate 17.56
Commercial and Industrial Loans 49.09
Farm Loans 0.13

Frequently Asked Questions About Metabank

Branches and Savings

Is Metabank FDIC insured?

Yes. It is covered under FDIC Certificate #30776.

Why does Metabank pay such low interest on savings accounts?

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

Why are Metabank CD rates not competitive?

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

Is Metabank a commercial bank?


Where are Metabank locations?

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Is Metabank open on Saturdays?

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Are Metabank ATMs Open 24/7?

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Will Metabank notarize my document?

What address for Metabank should I put for incoming ACH transfers?

Will the Metabank branch print checks?

Do Metabank checks expire?

Does Metabank require US citizenship to open account?

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Does Metabank Report to credit bureaus?

Does Metabank Use Equifax?

What is Metabank's ACH Routing Number?

What is Metabank's SWIFT code?

amandalove | Dec 31, 2019

What is Metabank's SWIFT code?

amandalove | Dec 31, 2019

What is Metabank's SWIFT code?


Does Metabank offer mortgages?

Compare mortgage rates here.

Does Metabank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Metabank offer personal loans?

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Does Metabank offer student loans?

Will Metabank cash a check?

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Will Metabank cash money orders?

Can Metabank issue a money order?

Does Metabank do currency exchange?

Background on The Bank

Who owns Metabank?

How long has Metabank been around?

Can Metabank transfer to other banks?

Does Metabank have quick pay?

Does Metabank accept rolled coins?

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Where is Metabank headquarters?

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