Monroe Bank & Trust

Headquarters

102 East Front Street
Monroe, MI 48161
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

Monroe Bank & Trust is an FDIC insured institution located in Monroe, MI. It was founded in 1905 and has approximately $1.33 billion in assets. Customers can open an account at one of its 24 branches.

FDIC Insured Yes
FDIC Certificate # 12181
Date Established 1905
Assets $ 1,325.16 million
Loans $ 761.79 million
Deposits $ 1,171.74 million
Capital $ 133.82 million
 

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

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

Auto Loan Rates APR Rate Monthly Payment
5 Year 4.40% 3.99% $460.30

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Monroe Bank & Trust 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 & Trust Locations


Financial Details

Monroe Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Monroe Bank & Trust. 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 & Trust U.S. Bank Average
5.5% 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 & Trust had $7,755,000 in non-current loans and $27,000 in owned real estate. To cover these potential losses it had $133,816,000 in equity and $7,623,000 in loans loss reserves. That gives it a Texas Ratio of 5.5%.

Return on Equity
Monroe Bank & Trust U.S. Bank Average
2.61% 7.80%

Monroe Bank & Trust has a Return on Equity of 2.61% 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 & Trust U.S. Bank Average
10.1% 12.68%

Monroe Bank & Trust has a Capitalization of 10.1% 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 & Trust Balance Sheet Analysis

As of June 30, 2019, Monroe Bank & Trust had assets of $1,325,155,000, loans of $761,790,000, and deposits of $1,171,740,000. 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 $ 338.72 million
Interest-bearing balances $ 321.78 million
Total securities $ 118.55 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 761.79 million
Loan loss allowance $ 7.62 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.03 million
Goodwill and other intangibles N.A.
All other assets $ 78.48 million
     Total Assets $ 1,191.34 million
LIABILITIES
Total deposits $ 1,171.74 million
      Interest-bearing deposits $ 861.69 million
      Deposits held in domestic offices $ 1,171.74 million
      % insured (estimated) 67.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt N.A.
All other liabilities $ 9.60 million
      Total Liabilities $ 1,191.34 million
      Shareholders’ Equity $ 133.82 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 24.73 million
Total Interest Expense $ 1.25 million
Net interest income $ 23.47 million
Provision for loan and lease losses N.A.
Total non interest income $ 8.16 million
Total non interest expense $ 18.32 million
Pre-tax Net Operating Income $ 13.31 million

Bank Loan Profile?

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

Compared to other banks, Monroe Bank & Trust’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 26.68
Multifamily
Mortgages
3.48
Credit Card Loans 0.00
Consumer Auto Loans 0.35
Small Business Loans 15.24
Construction and Development Loans 3.77
Commercial Real Estate 37.06
Commercial and Industrial Loans 21.35
Farm Loans 1.41

Frequently Asked Questions About Monroe Bank & Trust

Branches and Savings

Is Monroe Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #12181.

Why does Monroe Bank & Trust 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 & Trust CD rates not competitive?

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

Is Monroe Bank & Trust a commercial bank?

Yes

Where are Monroe Bank & Trust locations?

See branch locations nearby.

Is Monroe Bank & Trust open on Saturdays?

Is Monroe Bank & Trust open on Sundays?

What time does Monroe Bank & Trust open?

What time does Monroe Bank & Trust close?

Are Monroe Bank & Trust ATMs Open 24/7?

Do Monroe Bank & Trust ATMs accept cash deposits?

Can Monroe Bank & Trust customers use other ATMs?

Do Monroe Bank & Trust branches have notaries?

Will Monroe Bank & Trust notarize my document?

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

Will the Monroe Bank & Trust branch print checks?

Do Monroe Bank & Trust checks expire?

Does Monroe Bank & Trust require US citizenship to open account?

Can Monroe Bank & Trust close my account?

Does Monroe Bank & Trust Report to credit bureaus?

Does Monroe Bank & Trust Use Equifax?

What is Monroe Bank & Trust's ACH Routing Number?

What is Monroe Bank & Trust's SWIFT code?

Products

Does Monroe Bank & Trust offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Monroe Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Monroe Bank & Trust offer student loans?

Will Monroe Bank & Trust cash a check?

Will Monroe Bank & Trust redeem a savings bond?

Does Monroe Bank & Trust cash savings bonds?

Will Monroe Bank & Trust cash money orders?

Can Monroe Bank & Trust issue a money order?

Does Monroe Bank & Trust do currency exchange?

Background on The Bank

Who owns Monroe Bank & Trust?

How long has Monroe Bank & Trust been around?

Can Monroe Bank & Trust transfer to other banks?

Does Monroe Bank & Trust have quick pay?

Does Monroe Bank & Trust accept rolled coins?

Will Monroe Bank & Trust accept loose change?

Where is Monroe Bank & Trust headquarters?

Customer Reviews for Monroe Bank & Trust

There are currently no comments for Monroe Bank & Trust. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →