Monroe County Bank

Headquarters

1 East Main Street
Forsyth, GA 31029
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 County Bank is an FDIC insured institution located in Forsyth, GA. It was founded in 1908 and has approximately $0.09 billion in assets.

FDIC Insured Yes
FDIC Certificate # 156
Date Established 1908
Assets $ 94.32 million
Loans $ 60.67 million
Deposits $ 85.88 million
Capital $ 8.13 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Monroe County 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
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 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
People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Monroe County Bank
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Branches

Monroe County 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 County Bank Locations


Financial Details

Monroe County Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Monroe County 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 County Bank U.S. Bank Average
19.76% 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 County Bank had $923,000 in non-current loans and $950,000 in owned real estate. To cover these potential losses it had $8,126,000 in equity and $1,353,000 in loans loss reserves. That gives it a Texas Ratio of 19.76%.

Return on Equity
Monroe County Bank U.S. Bank Average
3.38% 7.80%

Monroe County Bank has a Return on Equity of 3.38% 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 County Bank U.S. Bank Average
8.62% 12.68%

Monroe County Bank has a Capitalization of 8.62% 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 County Bank Balance Sheet Analysis

As of June 30, 2014, Monroe County Bank had assets of $94,323,000, loans of $60,668,000, and deposits of $85,876,000. 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 $ 60.67 million
Loan loss allowance $ 1.35 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.95 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 85.88 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 $ 94.32 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 County Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Georgia, Monroe County Bank has a significantly higher percent of Small Business 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 42.25
Multifamily
Mortgages
0.20
Credit Card Loans 0.00
Consumer Auto Loans 2.19
Small Business Loans 35.65
Construction and Development Loans 2.00
Commercial Real Estate 35.66
Commercial and Industrial Loans 13.95
Farm Loans 0.00

Frequently Asked Questions About Monroe County Bank

Branches and Savings

Is Monroe County Bank FDIC insured?

Yes. It is covered under FDIC Certificate #156.

Why does Monroe County 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 County Bank CD rates not competitive?

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

Is Monroe County Bank a commercial bank?

Yes

Where are Monroe County Bank locations?

See branch locations nearby.

Is Monroe County Bank open on Saturdays?

Is Monroe County Bank open on Sundays?

What time does Monroe County Bank open?

What time does Monroe County Bank close?

Are Monroe County Bank ATMs Open 24/7?

Do Monroe County Bank ATMs accept cash deposits?

Can Monroe County Bank customers use other ATMs?

Do Monroe County Bank branches have notaries?

Will Monroe County Bank notarize my document?

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

Will the Monroe County Bank branch print checks?

Do Monroe County Bank checks expire?

Does Monroe County Bank require US citizenship to open account?

Can Monroe County Bank close my account?

Does Monroe County Bank Report to credit bureaus?

Does Monroe County Bank Use Equifax?

What is Monroe County Bank's ACH Routing Number?

What is Monroe County Bank's SWIFT code?

Products

Does Monroe County Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Monroe County Bank offer personal loans?

Compare personal loan rates here.

Does Monroe County Bank offer student loans?

Will Monroe County Bank cash a check?

Will Monroe County Bank redeem a savings bond?

Does Monroe County Bank cash savings bonds?

Will Monroe County Bank cash money orders?

Can Monroe County Bank issue a money order?

Does Monroe County Bank do currency exchange?

Background on The Bank

Who owns Monroe County Bank?

How long has Monroe County Bank been around?

Can Monroe County Bank transfer to other banks?

Does Monroe County Bank have quick pay?

Does Monroe County Bank accept rolled coins?

Will Monroe County Bank accept loose change?

Where is Monroe County Bank headquarters?

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