Morgantown Bank & Trust Company, Incorporated

Headquarters

201 N Main Street
Morgantown, KY 42261
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.60% 0.65% →
1-Year CD 0.35% 0.70% →
2-Year CD 0.45% 0.75% →
5-Year CD 0.65% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Morgantown Bank & Trust Company, Incorporated is an FDIC insured institution located in Morgantown, KY. It was founded in 1880 and has approximately $0.23 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 275
Date Established 1880
Assets $ 230.56 million
Loans $ 165.81 million
Deposits $ 198.10 million
Capital $ 19.17 million
 

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

Deposit Rates - June 24, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
SAV
0.60% $0 - Learn More
Money Market
0.40% $10,000 - Learn More
CD Rates APY MIN MAX
6 Mo CD
0.30% $10,000 - Learn More
12 Mo CD
0.35% $10,000 - Learn More
18 Mo CD
0.40% $10,000 - Learn More
24 Mo CD
0.45% $10,000 - Learn More
36 Mo CD
0.55% $10,000 - Learn More
48 Mo CD
0.60% $10,000 - Learn More
60 Mo CD
0.65% $10,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - June 24, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Morgantown Bank & Trust Company, Incorporated

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.600% 2.500%
0.88 points
$3,288 fees
$988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Morgantown Bank & Trust Company, Incorporated
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Branches

Morgantown Bank & Trust Company, Incorporated 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


Morgantown Bank & Trust Company, Incorporated Locations


Financial Details

Morgantown Bank & Trust Company, Incorporated Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Morgantown Bank & Trust Company, Incorporated. 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
Morgantown Bank & Trust Company, Incorporated U.S. Bank Average
2.17% 5.49%

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 December 31, 2020, Morgantown Bank & Trust Company, Incorporated had $42,000 in non-current loans and $403,000 in owned real estate. To cover these potential losses it had $19,165,000 in equity and $1,340,000 in loans loss reserves. That gives it a Texas Ratio of 2.17%.

Return on Equity
Morgantown Bank & Trust Company, Incorporated U.S. Bank Average
7.78% 9.24%

Morgantown Bank & Trust Company, Incorporated has a Return on Equity of 7.78% versus the BestCashCow average of 9.24%. 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
Morgantown Bank & Trust Company, Incorporated U.S. Bank Average
8.31% 11.96%

Morgantown Bank & Trust Company, Incorporated has a Capitalization of 8.31% versus the BestCashCow average of 11.96. 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.

Morgantown Bank & Trust Company, Incorporated Balance Sheet Analysis

As of December 31, 2020, Morgantown Bank & Trust Company, Incorporated had assets of $230,558,000, loans of $165,813,000, and deposits of $198,103,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 9.52 million
Interest-bearing balances $ 3.53 million
Total securities $ 32.70 million
Federal funds sold and reverse repurchase $ 11.99 million
Net loans and leases $ 165.81 million
Loan loss allowance $ 1.34 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.40 million
Goodwill and other intangibles N.A.
All other assets $ 6.69 million
     Total Assets $ 211.39 million
LIABILITIES
Total deposits $ 198.10 million
      Interest-bearing deposits $ 161.90 million
      Deposits held in domestic offices $ 198.10 million
      % insured (estimated) 90.20%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 11.62 million
Subordinated debt N.A.
All other liabilities $ 1.68 million
      Total Liabilities $ 211.39 million
      Shareholders’ Equity $ 19.17 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 9.23 million
Total Interest Expense $ 2.00 million
Net interest income $ 7.23 million
Provision for loan and lease losses $ 0.20 million
Total non interest income $ 1.44 million
Total non interest expense $ 6.74 million
Pre-tax Net Operating Income $ 1.74 million

Bank Loan Profile?

The top three loan types in Morgantown Bank & Trust Company, Incorporated’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Kentucky, Morgantown Bank & Trust Company, Incorporated has a significantly higher percent of 1-4 Family Residential 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 56.82
Multifamily
Mortgages
2.09
Credit Card Loans 0.00
Consumer Auto Loans 2.50
Small Business Loans 11.19
Construction and Development Loans 4.78
Commercial Real Estate 13.54
Commercial and Industrial Loans 5.81
Farm Loans 2.07

Frequently Asked Questions About Morgantown Bank & Trust Company, Incorporated

Branches and Savings

Is Morgantown Bank & Trust Company, Incorporated FDIC insured?

Yes. It is covered under FDIC Certificate #275.

Why does Morgantown Bank & Trust Company, Incorporated pay such low interest on savings accounts?

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

Why are Morgantown Bank & Trust Company, Incorporated CD rates not competitive?

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

Is Morgantown Bank & Trust Company, Incorporated a commercial bank?

Yes

Where are Morgantown Bank & Trust Company, Incorporated locations?

See branch locations nearby.

Is Morgantown Bank & Trust Company, Incorporated open on Saturdays?

Is Morgantown Bank & Trust Company, Incorporated open on Sundays?

What time does Morgantown Bank & Trust Company, Incorporated open?

What time does Morgantown Bank & Trust Company, Incorporated close?

Are Morgantown Bank & Trust Company, Incorporated ATMs Open 24/7?

Do Morgantown Bank & Trust Company, Incorporated ATMs accept cash deposits?

Can Morgantown Bank & Trust Company, Incorporated customers use other ATMs?

Do Morgantown Bank & Trust Company, Incorporated branches have notaries?

Will Morgantown Bank & Trust Company, Incorporated notarize my document?

What address for Morgantown Bank & Trust Company, Incorporated should I put for incoming ACH transfers?

Will the Morgantown Bank & Trust Company, Incorporated branch print checks?

Do Morgantown Bank & Trust Company, Incorporated checks expire?

Does Morgantown Bank & Trust Company, Incorporated require US citizenship to open account?

Can Morgantown Bank & Trust Company, Incorporated close my account?

Does Morgantown Bank & Trust Company, Incorporated Report to credit bureaus?

Does Morgantown Bank & Trust Company, Incorporated Use Equifax?

What is Morgantown Bank & Trust Company, Incorporated's ACH Routing Number?

What is Morgantown Bank & Trust Company, Incorporated's SWIFT code?

Products

Does Morgantown Bank & Trust Company, Incorporated offer mortgages?

Compare mortgage rates here.

Does Morgantown Bank & Trust Company, Incorporated offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Morgantown Bank & Trust Company, Incorporated offer personal loans?

Compare personal loan rates here.

Does Morgantown Bank & Trust Company, Incorporated offer student loans?

Will Morgantown Bank & Trust Company, Incorporated cash a check?

Will Morgantown Bank & Trust Company, Incorporated redeem a savings bond?

Does Morgantown Bank & Trust Company, Incorporated cash savings bonds?

Will Morgantown Bank & Trust Company, Incorporated cash money orders?

Can Morgantown Bank & Trust Company, Incorporated issue a money order?

Does Morgantown Bank & Trust Company, Incorporated do currency exchange?

Background on The Bank

Who owns Morgantown Bank & Trust Company, Incorporated?

How long has Morgantown Bank & Trust Company, Incorporated been around?

Can Morgantown Bank & Trust Company, Incorporated transfer to other banks?

Does Morgantown Bank & Trust Company, Incorporated have quick pay?

Does Morgantown Bank & Trust Company, Incorporated accept rolled coins?

Will Morgantown Bank & Trust Company, Incorporated accept loose change?

Where is Morgantown Bank & Trust Company, Incorporated headquarters?

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