Monarch Bank

Headquarters

750 Volvo Parkway
Chesapeake, VA 23320
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Monarch Bank is an FDIC insured institution located in Chesapeake, VA. It was founded in 1999 and has approximately $1.21 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 34945
Date Established 1999
Assets $ 1,178.07 million
Loans $ 938.26 million
Deposits $ 1,036.89 million
Capital $ 119.54 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Monarch Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Monarch Bank
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Branches

Monarch 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:
Fairfield,Connecticut


Monarch Bank Locations


Financial Details

Monarch Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Monarch 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
Monarch Bank U.S. Bank Average
3.59% 6.94%

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 March 31, 2020, Monarch Bank had $4,500,000 in non-current loans and $100,000 in owned real estate. To cover these potential losses it had $119,536,000 in equity and $8,644,000 in loans loss reserves. That gives it a Texas Ratio of 3.59%.

Return on Equity
Monarch Bank U.S. Bank Average
11.85% 7.80%

Monarch Bank has a Return on Equity of 11.85% versus the BestCashCow average of 7.80%. 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
Monarch Bank U.S. Bank Average
10.15% 12.68%

Monarch Bank has a Capitalization of 10.15% versus the BestCashCow average of 12.68. 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.

Monarch Bank Balance Sheet Analysis

As of March 31, 2015, Monarch Bank had assets of $1,212,196,000, loans of $938,258,000, and deposits of $1,036,886,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 938.26 million
Loan loss allowance $ 8.64 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.10 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 1,036.89 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 1,178.07 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Monarch Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Virginia, Monarch Bank 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 36.46
Multifamily
Mortgages
2.27
Credit Card Loans 0.00
Consumer Auto Loans 0.15
Small Business Loans 8.18
Construction and Development Loans 18.41
Commercial Real Estate 27.32
Commercial and Industrial Loans 15.51
Farm Loans 0.00

Frequently Asked Questions About Monarch Bank

Branches and Savings

Is Monarch Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34945.

Why does Monarch Bank pay such low interest on savings accounts?

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

Why are Monarch Bank CD rates not competitive?

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

Is Monarch Bank a commercial bank?

Yes

Where are Monarch Bank locations?

See branch locations nearby.

Is Monarch Bank open on Saturdays?

Is Monarch Bank open on Sundays?

What time does Monarch Bank open?

What time does Monarch Bank close?

Are Monarch Bank ATMs Open 24/7?

Do Monarch Bank ATMs accept cash deposits?

Can Monarch Bank customers use other ATMs?

Do Monarch Bank branches have notaries?

Will Monarch Bank notarize my document?

What address for Monarch Bank should I put for incoming ACH transfers?

Will the Monarch Bank branch print checks?

Do Monarch Bank checks expire?

Does Monarch Bank require US citizenship to open account?

Can Monarch Bank close my account?

Does Monarch Bank Report to credit bureaus?

Does Monarch Bank Use Equifax?

What is Monarch Bank's ACH Routing Number?

What is Monarch Bank's SWIFT code?

Products

Does Monarch Bank offer mortgages?

Compare mortgage rates here.

Does Monarch Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Monarch Bank offer personal loans?

Compare personal loan rates here.

Does Monarch Bank offer student loans?

Will Monarch Bank cash a check?

Will Monarch Bank redeem a savings bond?

Does Monarch Bank cash savings bonds?

Will Monarch Bank cash money orders?

Can Monarch Bank issue a money order?

Does Monarch Bank do currency exchange?

Background on The Bank

Who owns Monarch Bank?

How long has Monarch Bank been around?

Can Monarch Bank transfer to other banks?

Does Monarch Bank have quick pay?

Does Monarch Bank accept rolled coins?

Will Monarch Bank accept loose change?

Where is Monarch Bank headquarters?

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