MONUMENT BANK

Headquarters

7700 Old Georgetown Road
Bethesda, MD 20814
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

MONUMENT BANK is an FDIC insured institution located in Bethesda, MD. It was founded in 2005 and has approximately $0.51 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57942
Date Established 2005
Assets $ 538.07 million
Loans $ 406.08 million
Deposits $ 429.75 million
Capital $ 41.55 million
 

For a more detailed analysis of MONUMENT 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: Virginia, VA 20146


Loan Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for MONUMENT 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 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#: MC-3098
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Virginia 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 MONUMENT BANK
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Branches

MONUMENT 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


MONUMENT BANK Locations


Financial Details

MONUMENT BANK Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of MONUMENT 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
MONUMENT BANK U.S. Bank Average
7.03% 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, MONUMENT BANK had $2,944,000 in non-current loans and $250,000 in owned real estate. To cover these potential losses it had $41,552,000 in equity and $3,881,000 in loans loss reserves. That gives it a Texas Ratio of 7.03%.

Return on Equity
MONUMENT BANK U.S. Bank Average
7.03% 7.80%

MONUMENT BANK has a Return on Equity of 7.03% 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
MONUMENT BANK U.S. Bank Average
7.72% 12.68%

MONUMENT BANK has a Capitalization of 7.72% 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.

MONUMENT BANK Balance Sheet Analysis

As of June 30, 2016, MONUMENT BANK had assets of $513,366,000, loans of $406,075,000, and deposits of $429,748,000. 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 $ 406.08 million
Loan loss allowance $ 3.88 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.25 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 429.75 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 $ 538.07 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 MONUMENT BANK’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and 1-4 Family Residential Loans.

Compared to other banks in Maryland, MONUMENT BANK has a significantly higher percent of Construction and Development 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 18.61
Multifamily
Mortgages
4.98
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 7.04
Construction and Development Loans 18.91
Commercial Real Estate 46.23
Commercial and Industrial Loans 11.14
Farm Loans 0.00

Frequently Asked Questions About Monument Bank

Branches and Savings

Is Monument Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57942.

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

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

Why are Monument Bank CD rates not competitive?

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

Is Monument Bank a commercial bank?

Yes

Where are Monument Bank locations?

See branch locations nearby.

Is Monument Bank open on Saturdays?

Is Monument Bank open on Sundays?

What time does Monument Bank open?

What time does Monument Bank close?

Are Monument Bank ATMs Open 24/7?

Do Monument Bank ATMs accept cash deposits?

Can Monument Bank customers use other ATMs?

Do Monument Bank branches have notaries?

Will Monument Bank notarize my document?

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

Will the Monument Bank branch print checks?

Do Monument Bank checks expire?

Does Monument Bank require US citizenship to open account?

Can Monument Bank close my account?

Does Monument Bank Report to credit bureaus?

Does Monument Bank Use Equifax?

What is Monument Bank's ACH Routing Number?

What is Monument Bank's SWIFT code?

Products

Does Monument Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Monument Bank offer personal loans?

Compare personal loan rates here.

Does Monument Bank offer student loans?

Will Monument Bank cash a check?

Will Monument Bank redeem a savings bond?

Does Monument Bank cash savings bonds?

Will Monument Bank cash money orders?

Can Monument Bank issue a money order?

Does Monument Bank do currency exchange?

Background on The Bank

Who owns Monument Bank?

How long has Monument Bank been around?

Can Monument Bank transfer to other banks?

Does Monument Bank have quick pay?

Does Monument Bank accept rolled coins?

Will Monument Bank accept loose change?

Where is Monument Bank headquarters?

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