Monroe Bank

Headquarters

210 East Kirkwood Avenue
Bloomington, IN 47408
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
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

Monroe Bank is an FDIC insured institution located in Bloomington, IN. It was founded in 1892 and has approximately $0.8 billion in assets.

FDIC Insured Yes
FDIC Certificate # 12847
Date Established 1892
Assets $ 803.26 million
Loans $ 493.38 million
Deposits $ 649.37 million
Capital $ 69.63 million
 

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

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Monroe Bank

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




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 Monroe Bank
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Branches

Monroe 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


Monroe Bank Locations


Financial Details

Monroe Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Monroe 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
Monroe Bank U.S. Bank Average
37.48% 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, Monroe Bank had $15,017,000 in non-current loans and $17,172,000 in owned real estate. To cover these potential losses it had $69,626,000 in equity and $16,246,000 in loans loss reserves. That gives it a Texas Ratio of 37.48%.

Return on Equity
Monroe Bank U.S. Bank Average
-2.66% 7.80%

Monroe Bank has a Return on Equity of -2.66% 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
Monroe Bank U.S. Bank Average
8.67% 12.68%

Monroe Bank has a Capitalization of 8.67% 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.

Monroe Bank Balance Sheet Analysis

As of December 31, 2010, Monroe Bank had assets of $803,256,000, loans of $493,383,000, and deposits of $649,365,000. 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 $ 493.38 million
Loan loss allowance $ 16.25 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 17.17 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 649.37 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 $ 803.26 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 Monroe Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Monroe Bank’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Monroe Bank

Branches and Savings

Is Monroe Bank FDIC insured?

Yes. It is covered under FDIC Certificate #12847.

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

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

Why are Monroe Bank CD rates not competitive?

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

Is Monroe Bank a commercial bank?

Yes

Where are Monroe Bank locations?

See branch locations nearby.

Is Monroe Bank open on Saturdays?

Is Monroe Bank open on Sundays?

What time does Monroe Bank open?

What time does Monroe Bank close?

Are Monroe Bank ATMs Open 24/7?

Do Monroe Bank ATMs accept cash deposits?

Can Monroe Bank customers use other ATMs?

Do Monroe Bank branches have notaries?

Will Monroe Bank notarize my document?

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

Will the Monroe Bank branch print checks?

Do Monroe Bank checks expire?

Does Monroe Bank require US citizenship to open account?

Can Monroe Bank close my account?

Does Monroe Bank Report to credit bureaus?

Does Monroe Bank Use Equifax?

What is Monroe Bank's ACH Routing Number?

What is Monroe Bank's SWIFT code?

Products

Does Monroe Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Monroe Bank offer personal loans?

Compare personal loan rates here.

Does Monroe Bank offer student loans?

Will Monroe Bank cash a check?

Will Monroe Bank redeem a savings bond?

Does Monroe Bank cash savings bonds?

Will Monroe Bank cash money orders?

Can Monroe Bank issue a money order?

Does Monroe Bank do currency exchange?

Background on The Bank

Who owns Monroe Bank?

How long has Monroe Bank been around?

Can Monroe Bank transfer to other banks?

Does Monroe Bank have quick pay?

Does Monroe Bank accept rolled coins?

Will Monroe Bank accept loose change?

Where is Monroe Bank headquarters?

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