Bank of Montgomery

Headquarters

1333 Douglas Ave
Montgomery, IL 60538
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.65% →
1-Year CD N.A. 2.02% →
2-Year CD N.A. 2.87% →
5-Year CD N.A. 3.50% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

Bank of Montgomery is an FDIC insured institution located in Montgomery, IL. It was founded in 1972 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 20769
Date Established 1972
Assets $ 48.48 million
Loans $ 9.60 million
Deposits $ 44.54 million
Capital $ 3.92 million
 

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

Deposit Rates - June 30, 2022

Your Current Location: Connecticut, CT 06828

 

Loan Rates - June 30, 2022

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Montgomery

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




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Note to Bank of Montgomery
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Branches

Bank of Montgomery 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:
Fairfield,Connecticut


Bank of Montgomery Locations



Climate Initiatives

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

Financial Details

Bank of Montgomery Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Montgomery. 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
Bank of Montgomery U.S. Bank Average
0% 3.95%

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, 2021, Bank of Montgomery had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $3,922,000 in equity and $190,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Bank of Montgomery U.S. Bank Average
0.44% 10.50%

Bank of Montgomery has a Return on Equity of 0.44% versus the BestCashCow average of 10.50%. 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.

Capitalization
Bank of Montgomery U.S. Bank Average
8.09% 11.55%

Bank of Montgomery has a Capitalization of 8.09% versus the BestCashCow average of 11.55. 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.

Bank of Montgomery Balance Sheet Analysis

As of December 31, 2021, Bank of Montgomery had assets of $48,481,000, loans of $9,602,000, and deposits of $44,541,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 17.95 million
Interest-bearing balances $ 17.20 million
Total securities $ 20.34 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 9.60 million
Loan loss allowance $ 0.19 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 $ 0.44 million
     Total Assets $ 44.56 million
LIABILITIES
Total deposits $ 44.54 million
      Interest-bearing deposits $ 33.55 million
      Deposits held in domestic offices $ 44.54 million
      % insured (estimated) 80.59%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.02 million
      Total Liabilities $ 44.56 million
      Shareholders’ Equity $ 3.92 million

Summary Income Statement

December 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 0.85 million
Total Interest Expense $ 0.22 million
Net interest income $ 0.63 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.08 million
Total non interest expense $ 0.81 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Illinois, Bank of Montgomery has a significantly higher percent of Construction and Development 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 42.64
Multifamily
Mortgages
1.39
Credit Card Loans 0.00
Consumer Auto Loans 4.33
Small Business Loans 13.99
Construction and Development Loans 8.29
Commercial Real Estate 14.00
Commercial and Industrial Loans 27.15
Farm Loans 0.00

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