Monterey County Bank

601 Munras Avenue
Monterey, CA 93940

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 22460
Date Established 1977
Assets $0.17 billion
Loans $0.09 billion
Deposits $0.14 billion
Capital $0.02 billion

Monterey County Bank is an FDIC insured institution located in Monterey, CA. It was founded in 1977 and has approximately $0.17 billion in assets. Customers can open an account at one of its 4 branches.

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

Deposit Rates - October 14, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.15% $1,000 - Learn MoreShow Less
6 Mo CD
1.00% $1,000 - Learn MoreShow Less
12 Mo CD
1.25% $1,000 - Learn MoreShow Less
18 Mo CD
1.30% $1,000 - Learn MoreShow Less
24 Mo CD
1.40% $1,000 - Learn MoreShow Less
30 Mo CD
1.45% $1,000 - Learn MoreShow Less
36 Mo CD
1.50% $1,000 - Learn MoreShow Less
48 Mo CD
1.60% $1,000 - Learn MoreShow Less
60 Mo CD
1.75% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.25% $250 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 - Learn MoreShow Less

Loan Rates - October 14, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Monterey County Bank

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
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.643% 3.625% 0.25 $560 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to Monterey County Bank
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Branches

Monterey 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:
Ashburn,Virginia


Monterey County Bank Locations


Financial Details

Monterey County Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Monterey 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
Monterey County Bank U.S. Bank Average
95.84% 6.77%

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 June 30, 2019, Monterey County Bank had $3,776,000 in non-current loans and $13,780,000 in owned real estate. To cover these potential losses it had $17,351,000 in equity and $967,000 in loans loss reserves. That gives it a Texas Ratio of 95.84%.

Return on Equity
Monterey County Bank U.S. Bank Average
7.01% 9.50%

Monterey County Bank has a Return on Equity of 7.01% versus the BestCashCow average of 9.50%. 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
Monterey County Bank U.S. Bank Average
10.33% 12.76%

Monterey County Bank has a Capitalization of 10.33% versus the BestCashCow average of 12.76. 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.

Monterey County Bank Balance Sheet Analysis

As of June 30, 2019, Monterey County Bank had assets of $168,046,000, loans of $93,223,000, and deposits of $139,651,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.09 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.15 billion
LIABILITIES
Total deposits $0.14 billion
      Interest-bearing deposits $0.10 billion
      Deposits held in domestic offices $0.14 billion
      % insured (estimated) 77.52%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.15 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Monterey County Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in California, Monterey County Bank has a significantly higher percent of Credit Card Loans, Construction and Development Loans, Commercial and Industrial 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 12.20
Multifamily
Mortgages
5.14
Credit Card Loans 0.27
Consumer Auto Loans 0.00
Small Business Loans 10.17
Construction and Development Loans 12.60
Commercial Real Estate 38.86
Commercial and Industrial Loans 32.32
Farm Loans 0.00

Frequently Asked Questions About Monterey County Bank

Branches and Savings

Is Monterey County Bank FDIC insured?

Yes. It is covered under FDIC Certificate #22460.

Why does Monterey 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 Monterey County Bank CD rates not competitive?

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

Is Monterey County Bank a commercial bank?

Yes

Where are Monterey County Bank locations?

See branch locations nearby.

Is Monterey County Bank open on Saturdays?

Is Monterey County Bank open on Sundays?

What time does Monterey County Bank open?

What time does Monterey County Bank close?

Are Monterey County Bank ATMs Open 24/7?

Do Monterey County Bank ATMs accept cash deposits?

Can Monterey County Bank customers use other ATMs?

Do Monterey County Bank branches have notaries?

Will Monterey County Bank notarize my document?

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

Will the Monterey County Bank branch print checks?

Do Monterey County Bank checks expire?

Does Monterey County Bank require US citizenship to open account?

Can Monterey County Bank close my account?

Does Monterey County Bank Report to credit bureaus?

Does Monterey County Bank Use Equifax?

What is Monterey County Bank's ACH Routing Number?

What is Monterey County Bank's SWIFT code?

Products

Does Monterey County Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Monterey County Bank offer personal loans?

Compare personal loan rates here.

Does Monterey County Bank offer student loans?

Will Monterey County Bank cash a check?

Will Monterey County Bank redeem a savings bond?

Does Monterey County Bank cash savings bonds?

Will Monterey County Bank cash money orders?

Can Monterey County Bank issue a money order?

Does Monterey County Bank do currency exchange?

Background on The Bank

Who owns Monterey County Bank?

How long has Monterey County Bank been around?

Can Monterey County Bank transfer to other banks?

Does Monterey County Bank have quick pay?

Does Monterey County Bank accept rolled coins?

Will Monterey County Bank accept loose change?

Where is Monterey County Bank headquarters?

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