Montecito Bank & Trust

1000 State Street
Santa Barbara, CA 93101


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 21956
Date Established 1975
Assets $1.49 billion
Loans $0.94 billion
Deposits $1.32 billion
Capital $0.16 billion

Montecito Bank & Trust is an FDIC insured institution located in Santa Barbara, CA. It was founded in 1975 and has approximately $1.49 billion in assets. Customers can open an account at one of its 13 branches.

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

Bank Loan Profile?

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

Compared to other banks, Montecito 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 23.60
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 7.11
Construction and Development Loans 5.37
Commercial Real Estate 41.22
Commercial and Industrial Loans 12.01
Farm Loans 0.26

Deposit Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 $49,999 Learn MoreShow Less
3 Mo CD
0.15% $1,000 - Learn MoreShow Less
6 Mo CD
0.70% $1,000 - Learn MoreShow Less
12 Mo CD
1.75% $1,000 - Learn MoreShow Less
18 Mo CD
1.75% $1,000 - Learn MoreShow Less
24 Mo CD
2.00% $1,000 - Learn MoreShow Less
36 Mo CD
1.70% $1,000 - Learn MoreShow Less
48 Mo CD
1.75% $1,000 - Learn MoreShow Less
60 Mo CD
2.00% $1,000 - Learn MoreShow Less

Fixed IRA
1.75% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.01% $1 $9,999 Learn MoreShow Less

Loan Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Montecito Bank & Trust

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.030% 4.000% 0.38 $892 $1,194 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

Note to Montecito Bank & Trust
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Financial Details

Montecito Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Montecito Bank & Trust. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Montecito Bank & Trust U.S. Bank Average
5.11% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, Montecito Bank & Trust had $8,704,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $157,466,000 in equity and $12,796,000 in loans loss reserves. That gives it a Texas Ratio of 5.11%.

Return on Equity
Montecito Bank & Trust U.S. Bank Average
13.33% 8.80%

Montecito Bank & Trust has a Return on Equity of 13.33% versus the BestCashCow average of 8.80%. 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.

Montecito Bank & Trust U.S. Bank Average
10.56% 12.29%

Montecito Bank & Trust has a Capitalization of 10.56% versus the BestCashCow average of 12.29. 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.

Montecito Bank & Trust Balance Sheet Analysis

As of December 31, 2018, Montecito Bank & Trust had assets of $1,491,726,000, loans of $940,885,000, and deposits of $1,316,076,000. 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, 2018
Cash & Balances due from depository institutions $0.07 billion
Interest-bearing balances $0.04 billion
Total securities $0.43 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.94 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.04 billion
     Total Assets $1.33 billion
Total deposits $1.32 billion
      Interest-bearing deposits $1.27 billion
      Deposits held in domestic offices $1.32 billion
      % insured (estimated) 61.05%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.02 billion
      Total Liabilities $1.33 billion
      Shareholders’ Equity $0.16 billion

Summary Income Statement

December 31, 2018
Total Interest Income $0.06 billion
Total Interest Expense $0.00 billion
Net interest income $0.06 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.05 billion
Pre-tax Net Operating Income $0.02 billion

Frequently Asked Questions About Montecito Bank & Trust

Branches and Savings

Is Montecito Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #21956.

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

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

Is Montecito Bank & Trust a commercial bank?


Where are Montecito Bank & Trust locations?

See branch locations nearby.

Is Montecito Bank & Trust open on Saturdays?

Is Montecito Bank & Trust open on Sundays?

What time does Montecito Bank & Trust open?

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Are Montecito Bank & Trust ATMs Open 24/7?

Do Montecito Bank & Trust ATMs accept cash deposits?

Can Montecito Bank & Trust customers use other ATMs?

Do Montecito Bank & Trust branches have notaries?

Will Montecito Bank & Trust notarize my document?

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

Will the Montecito Bank & Trust branch print checks?

Do Montecito Bank & Trust checks expire?

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

Can Montecito Bank & Trust close my account?

Does Montecito Bank & Trust Report to credit bureaus?

Does Montecito Bank & Trust Use Equifax?

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

What is Montecito Bank & Trust's SWIFT code?


Does Montecito Bank & Trust offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Montecito Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Montecito Bank & Trust offer student loans?

Will Montecito Bank & Trust cash a check?

Will Montecito Bank & Trust redeem a savings bond?

Does Montecito Bank & Trust cash savings bonds?

Will Montecito Bank & Trust cash money orders?

Can Montecito Bank & Trust issue a money order?

Does Montecito Bank & Trust do currency exchange?

Background on The Bank

Who owns Montecito Bank & Trust?

How long has Montecito Bank & Trust been around?

Can Montecito Bank & Trust transfer to other banks?

Does Montecito Bank & Trust have quick pay?

Does Montecito Bank & Trust accept rolled coins?

Will Montecito Bank & Trust accept loose change?

Where is Montecito Bank & Trust headquarters?

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