Madison County Financial Inc
Madison County Financial, Inc. operates as the holding company for Madison County Bank that provides banking and financial services to individual and corporate customers in Nebraska, the United States. It offers checking, health savings, savings, and individual retirement accounts; certificates of deposit; credit and debit cards; home loans; and consumer loans, including home equity lines of cred… Read more
Madison County Financial Inc (MCBK) - Net Assets
Latest net assets as of March 2025: $96.82 Million USD
Based on the latest financial reports, Madison County Financial Inc (MCBK) has net assets worth $96.82 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($605.57 Million) and total liabilities ($508.75 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $96.82 Million |
| % of Total Assets | 15.99% |
| Annual Growth Rate | 9.55% |
| 5-Year Change | 16.75% |
| 10-Year Change | 39.84% |
| Growth Volatility | 26.44 |
Madison County Financial Inc - Net Assets Trend (2010–2024)
This chart illustrates how Madison County Financial Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Madison County Financial Inc (2010–2024)
The table below shows the annual net assets of Madison County Financial Inc from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $95.18 Million | +2.97% |
| 2023-12-31 | $92.44 Million | +1.82% |
| 2022-12-31 | $90.79 Million | +4.08% |
| 2021-12-31 | $87.23 Million | +7.00% |
| 2020-12-31 | $81.53 Million | +5.71% |
| 2019-12-31 | $77.12 Million | +5.53% |
| 2018-12-31 | $73.08 Million | +4.81% |
| 2017-12-31 | $69.73 Million | +2.56% |
| 2016-12-31 | $67.99 Million | -0.11% |
| 2015-12-31 | $68.06 Million | +10.61% |
| 2014-12-31 | $61.54 Million | +0.23% |
| 2013-12-31 | $61.39 Million | -1.08% |
| 2012-12-31 | $62.06 Million | +105.98% |
| 2011-12-31 | $30.13 Million | +13.51% |
| 2010-12-31 | $26.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Madison County Financial Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 194.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $77.76 Million | 81.69% |
| Common Stock | $26.00K | 0.03% |
| Other Comprehensive Income | $-1.38 Million | -1.45% |
| Other Components | $18.77 Million | 19.73% |
| Total Equity | $95.18 Million | 100.00% |
Madison County Financial Inc Competitors by Market Cap
The table below lists competitors of Madison County Financial Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Turk Ilac ve Serum Sanayi AS
IS:TRILC
|
$34.61 Million |
|
Actinium Pharmaceuticals Inc
NYSE MKT:ATNM
|
$34.63 Million |
|
Mermaid Maritime Public Company Limited
PINK:MMMPF
|
$34.63 Million |
|
Gulshan Polyols Limited
NSE:GULPOLY
|
$34.64 Million |
|
Connect Biopharma Holdings Ltd
NASDAQ:CNTB
|
$34.61 Million |
|
Harmony Electronics
TWO:8182
|
$34.59 Million |
|
Tamul Multimedia Co. Ltd
KQ:093640
|
$34.58 Million |
|
Business Online PCL
BK:BOL
|
$34.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Madison County Financial Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 92,440,000 to 95,183,000, a change of 2,743,000 (3.0%).
- Net income of 3,817,000 contributed positively to equity growth.
- Dividend payments of 780,000 reduced retained earnings.
- Share repurchases of 797,000 reduced equity.
- New share issuances of 188,000 increased equity.
- Other comprehensive income increased equity by 78,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.82 Million | +4.01% |
| Dividends Paid | $780.00K | -0.82% |
| Share Repurchases | $797.00K | -0.84% |
| Share Issuances | $188.00K | +0.2% |
| Other Comprehensive Income | $78.00K | +0.08% |
| Other Changes | $237.00K | +0.25% |
| Total Change | $- | 2.97% |
Book Value vs Market Value Analysis
This analysis compares Madison County Financial Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.68x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.45x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $5.58 | $24.80 | x |
| 2011-12-31 | $6.33 | $24.80 | x |
| 2012-12-31 | $15.61 | $24.80 | x |
| 2013-12-31 | $21.03 | $24.80 | x |
| 2014-12-31 | $22.51 | $24.80 | x |
| 2015-12-31 | $24.97 | $24.80 | x |
| 2016-12-31 | $25.16 | $24.80 | x |
| 2017-12-31 | $25.83 | $24.80 | x |
| 2018-12-31 | $26.91 | $24.80 | x |
| 2019-12-31 | $28.96 | $24.80 | x |
| 2020-12-31 | $30.99 | $24.80 | x |
| 2021-12-31 | $33.02 | $24.80 | x |
| 2022-12-31 | $34.32 | $24.80 | x |
| 2023-12-31 | $35.66 | $24.80 | x |
| 2024-12-31 | $36.64 | $24.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Madison County Financial Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.92%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 6.54x
- Recent ROE (4.01%) is below the historical average (6.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 10.69% | 22.44% | 0.06x | 8.27x | $182.60K |
| 2011 | 11.45% | 26.22% | 0.06x | 7.92x | $435.90K |
| 2012 | 5.85% | 26.46% | 0.05x | 4.31x | $-2.58 Million |
| 2013 | 4.92% | 22.32% | 0.05x | 4.73x | $-3.12 Million |
| 2014 | 4.83% | 20.64% | 0.05x | 5.11x | $-3.18 Million |
| 2015 | 5.05% | 21.58% | 0.04x | 5.29x | $-3.37 Million |
| 2016 | 6.82% | 26.66% | 0.05x | 5.34x | $-2.16 Million |
| 2017 | 4.97% | 19.41% | 0.05x | 5.58x | $-3.50 Million |
| 2018 | 7.63% | 28.75% | 0.05x | 5.63x | $-1.73 Million |
| 2019 | 7.35% | 26.18% | 0.05x | 5.59x | $-2.04 Million |
| 2020 | 8.22% | 30.89% | 0.05x | 5.55x | $-1.45 Million |
| 2021 | 8.48% | 33.82% | 0.04x | 6.12x | $-1.33 Million |
| 2022 | 8.48% | 33.54% | 0.04x | 6.59x | $-1.38 Million |
| 2023 | 3.49% | 11.51% | 0.05x | 6.60x | $-6.02 Million |
| 2024 | 4.01% | 12.92% | 0.05x | 6.54x | $-5.70 Million |
Industry Comparison
This section compares Madison County Financial Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Madison County Financial Inc (MCBK) | $96.82 Million | 10.69% | 5.25x | $34.61 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |