MetaBank

5501 South Broadband Lane
Sioux Falls, SD 57108

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 30776
Date Established 1954
Assets $6.17 billion
Loans $3.34 billion
Deposits $4.95 billion
Capital $0.85 billion

MetaBank is an FDIC insured institution located in Sioux Falls, SD. It was founded in 1954 and has approximately $6.17 billion in assets. Customers can open an account at one of its 11 branches.

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

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 7.08
Multifamily
Mortgages
4.46
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 1.14
Construction and Development Loans 5.41
Commercial Real Estate 17.55
Commercial and Industrial Loans 42.57
Farm Loans 0.16

Deposit Rates - April 21, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $2,500 $14,999 Learn MoreShow Less
Money Market
0.20% $15,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
1.05% $10,000 - Learn MoreShow Less
6 Mo CD
1.20% $10,000 - Learn MoreShow Less
Special: 10 Mo CD
2.35% $10,000 - Learn MoreShow Less
Special: 12 Mo CD
2.50% $10,000 - Learn MoreShow Less
12 Mo CD
1.40% $10,000 - Learn MoreShow Less
18 Mo CD
1.40% $10,000 - Learn MoreShow Less
Special: 19 Mo CD
2.65% $10,000 - Learn MoreShow Less
24 Mo CD
1.60% $10,000 - Learn MoreShow Less
30 Mo CD
1.60% $10,000 - Learn MoreShow Less
36 Mo CD
1.70% $10,000 - Learn MoreShow Less
48 Mo CD
1.90% $10,000 - Learn MoreShow Less
60 Mo CD
2.10% $10,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
2.05% $1,000 $9,999 Learn MoreShow Less
Special: 10 Mo FIRA
2.35% $10,000 - Learn MoreShow Less
Special: 19 Mo FIRA
2.65% $10,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.01% $100 $2,499 Learn MoreShow Less

Loan Rates - April 21, 2019

Your Current Location: Washington, WA 98109

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 - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: CL-2925. NMLSID#2925
4.031% 4.000% 0.38 $945 $1,194 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Figure Home Equity Loan Plus
Figure Home Equity Loan Plus
8.000 %
N/A Learn More
More Info

Note to MetaBank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

MetaBank 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:
Seattle,Washington


MetaBank Locations


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 BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
MetaBank U.S. Bank Average
5.05% 6.97%

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 December 31, 2018, MetaBank had $13,870,000 in non-current loans and $29,922,000 in owned real estate. To cover these potential losses it had $845,799,000 in equity and $21,290,000 in loans loss reserves. That gives it a Texas Ratio of 5.05%.

Return on Equity
MetaBank U.S. Bank Average
10.29% 8.80%

MetaBank has a Return on Equity of 10.29% versus the BestCashCow average of 8.80%. 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
MetaBank U.S. Bank Average
13.71% 12.29%

MetaBank has a Capitalization of 13.71% versus the BestCashCow average of 12.29. 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, 2018, MetaBank had assets of $6,168,996,000, loans of $3,341,768,000, and deposits of $4,954,412,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.15 billion
Interest-bearing balances $0.07 billion
Total securities $1.86 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $3.34 billion
Loan loss allowance $0.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.03 billion
Goodwill and other intangibles $0.37 billion
All other assets $0.37 billion
     Total Assets $5.32 billion
LIABILITIES
Total deposits $4.95 billion
      Interest-bearing deposits $2.20 billion
      Deposits held in domestic offices $4.95 billion
      % insured (estimated) 94.20%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.25 billion
Subordinated debt $0.00 billion
All other liabilities $0.11 billion
      Total Liabilities $5.32 billion
      Shareholders’ Equity $0.85 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.21 billion
Total Interest Expense $0.03 billion
Net interest income $0.17 billion
Provision for loan and lease losses $0.04 billion
Total non interest income $0.20 billion
Total non interest expense $0.26 billion
Pre-tax Net Operating Income $0.07 billion

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?

Yes

Where are Metabank locations?

See branch locations nearby.

Is Metabank open on Saturdays?

Is Metabank open on Sundays?

What time does Metabank open?

What time does Metabank close?

Are Metabank ATMs Open 24/7?

Do Metabank ATMs accept cash deposits?

Can Metabank customers use other ATMs?

Do Metabank branches have notaries?

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?

Can Metabank close my account?

Does Metabank Report to credit bureaus?

Does Metabank Use Equifax?

What is Metabank's ACH Routing Number?

What is Metabank's SWIFT code?

Products

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?

Compare personal loan rates here.

Does Metabank offer student loans?

Will Metabank cash a check?

Will Metabank redeem a savings bond?

Does Metabank cash savings bonds?

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?

Will Metabank accept loose change?

Where is Metabank headquarters?

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