Mason City National Bank

Headquarters

104 W Pine St
Mason City, IL 62664
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.65% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Mason City National Bank is an FDIC insured institution located in Mason City, IL. It was founded in 1944 and has approximately $0.08 billion in assets.

FDIC Insured Yes
FDIC Certificate # 16198
Date Established 1944
Assets $ 78.80 million
Loans $ 32.23 million
Deposits $ 69.43 million
Capital $ 9.17 million
 

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

Deposit Rates - December 23, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - December 23, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Mason City National Bank

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




Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
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Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.960% 6.875%
0.63 points
$2,764 fees
$2,103 Learn More
Advantage Lending
NMLS ID: 2592312
License#: RM.805266.000
6.966% 6.875%
0.50 points
$3,145 fees
$2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.338% 7.250%
0.88 points
$2,800 fees
$2,183 Learn More
Veterans United Home Loans
NMLS ID: 1907

points
fees
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Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 6.990 %
After Intro: 6.990 %
$0 Learn More
More Info
Rate
Rate
See Table
Intro APR 7.900 %
After Intro: 7.900 %
$25,000 Learn More
More Info

Note to Mason City National Bank
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Branches

Mason City National 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:
Columbus,Ohio


Mason City National Bank Locations around zip code 43085


BranchDistance Map View Lobby Hours

Mason City National Bank

355.45 A View Lobby Hours


Climate Policy and Initiatives

Mason City National Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Mason City National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mason City National 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
Mason City National Bank U.S. Bank Average
2.03% 4.48%

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 June 30, 2024, Mason City National Bank had $189,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $9,174,000 in equity and $148,000 in loans loss reserves. That gives it a Texas Ratio of 2.03%.

Return on Equity
Mason City National Bank U.S. Bank Average
10.89% 10.46%

Mason City National Bank has a Return on Equity of 10.89% versus the BestCashCow average of 10.46%. 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
Mason City National Bank U.S. Bank Average
11.64% 10.84%

Mason City National Bank has a Capitalization of 11.64% versus the BestCashCow average of 10.84. 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.

Mason City National Bank Balance Sheet Analysis

As of June 30, 2024, Mason City National Bank had assets of $78,796,000, loans of $32,231,000, and deposits of $69,425,000. 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, 2024
ASSETS
Cash & Balances due from depository institutions $ 3.34 million
Interest-bearing balances $ 2.88 million
Total securities $ 38.98 million
Federal funds sold and reverse repurchase $ 1.74 million
Net loans and leases $ 32.23 million
Loan loss allowance $ 0.15 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 $ 1.89 million
     Total Assets $ 69.62 million
LIABILITIES
Total deposits $ 69.43 million
      Interest-bearing deposits $ 51.32 million
      Deposits held in domestic offices $ 69.43 million
      % insured (estimated) 82.79%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.28 million
      Total Liabilities $ 69.62 million
      Shareholders’ Equity $ 9.17 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 1.58 million
Total Interest Expense $ 0.52 million
Net interest income $ 1.06 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.11 million
Total non interest expense $ 0.64 million
Pre-tax Net Operating Income $ 0.51 million

Bank Loan Profile?

The top three loan types in Mason City National Bank’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Commercial Real Estate.

Compared to other banks in Illinois, Mason City National Bank has a significantly higher percent of Farm 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 25.35
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.60
Small Business Loans 3.16
Construction and Development Loans 0.00
Commercial Real Estate 4.15
Commercial and Industrial Loans 0.98
Farm Loans 14.32

Customer Reviews for Mason City National Bank

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