Mountain 1st Bank & Trust Company

Headquarters

101 Jack Street
Hendersonville, NC 28792
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

Mountain 1st Bank & Trust Company is an FDIC insured institution located in Hendersonville, NC. It was founded in 2004 and has approximately $0.64 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57763
Date Established 2004
Assets $ 643.32 million
Loans $ 331.56 million
Deposits $ 630.36 million
Capital $ 9.18 million
 

For a more detailed analysis of Mountain 1st Bank & Trust Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Mountain 1st Bank & Trust Company

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
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,102 $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
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2.990 %
$0 Learn More
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People's United Bank, N.A.
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4.000 %
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Note to Mountain 1st Bank & Trust Company
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Branches

Mountain 1st Bank & Trust Company 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


Mountain 1st Bank & Trust Company Locations


Financial Details

Mountain 1st Bank & Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mountain 1st Bank & Trust Company. 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
Mountain 1st Bank & Trust Company U.S. Bank Average
201.67% 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, Mountain 1st Bank & Trust Company had $21,347,000 in non-current loans and $12,896,000 in owned real estate. To cover these potential losses it had $9,184,000 in equity and $7,796,000 in loans loss reserves. That gives it a Texas Ratio of 201.67%.

Return on Equity
Mountain 1st Bank & Trust Company U.S. Bank Average
23.19% 7.80%

Mountain 1st Bank & Trust Company has a Return on Equity of 23.19% 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
Mountain 1st Bank & Trust Company U.S. Bank Average
1.43% 12.68%

Mountain 1st Bank & Trust Company has a Capitalization of 1.43% 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.

Mountain 1st Bank & Trust Company Balance Sheet Analysis

As of December 31, 2013, Mountain 1st Bank & Trust Company had assets of $643,324,000, loans of $331,557,000, and deposits of $630,359,000. 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 $ 331.56 million
Loan loss allowance $ 7.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 12.90 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 630.36 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 $ 643.32 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 Mountain 1st Bank & Trust Company’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in North Carolina, Mountain 1st Bank & Trust Company 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 36.89
Multifamily
Mortgages
2.08
Credit Card Loans 0.00
Consumer Auto Loans 0.07
Small Business Loans 21.86
Construction and Development Loans 14.52
Commercial Real Estate 39.04
Commercial and Industrial Loans 9.20
Farm Loans 0.00

Frequently Asked Questions About Mountain 1st Bank & Trust Company

Branches and Savings

Is Mountain 1st Bank & Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #57763.

Why does Mountain 1st Bank & Trust Company pay such low interest on savings accounts?

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

Why are Mountain 1st Bank & Trust Company CD rates not competitive?

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

Is Mountain 1st Bank & Trust Company a commercial bank?

Yes

Where are Mountain 1st Bank & Trust Company locations?

See branch locations nearby.

Is Mountain 1st Bank & Trust Company open on Saturdays?

Is Mountain 1st Bank & Trust Company open on Sundays?

What time does Mountain 1st Bank & Trust Company open?

What time does Mountain 1st Bank & Trust Company close?

Are Mountain 1st Bank & Trust Company ATMs Open 24/7?

Do Mountain 1st Bank & Trust Company ATMs accept cash deposits?

Can Mountain 1st Bank & Trust Company customers use other ATMs?

Do Mountain 1st Bank & Trust Company branches have notaries?

Will Mountain 1st Bank & Trust Company notarize my document?

What address for Mountain 1st Bank & Trust Company should I put for incoming ACH transfers?

Will the Mountain 1st Bank & Trust Company branch print checks?

Do Mountain 1st Bank & Trust Company checks expire?

Does Mountain 1st Bank & Trust Company require US citizenship to open account?

Can Mountain 1st Bank & Trust Company close my account?

Does Mountain 1st Bank & Trust Company Report to credit bureaus?

Does Mountain 1st Bank & Trust Company Use Equifax?

What is Mountain 1st Bank & Trust Company's ACH Routing Number?

What is Mountain 1st Bank & Trust Company's SWIFT code?

Products

Does Mountain 1st Bank & Trust Company offer mortgages?

Compare mortgage rates here.

Does Mountain 1st Bank & Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mountain 1st Bank & Trust Company offer personal loans?

Compare personal loan rates here.

Does Mountain 1st Bank & Trust Company offer student loans?

Will Mountain 1st Bank & Trust Company cash a check?

Will Mountain 1st Bank & Trust Company redeem a savings bond?

Does Mountain 1st Bank & Trust Company cash savings bonds?

Will Mountain 1st Bank & Trust Company cash money orders?

Can Mountain 1st Bank & Trust Company issue a money order?

Does Mountain 1st Bank & Trust Company do currency exchange?

Background on The Bank

Who owns Mountain 1st Bank & Trust Company?

How long has Mountain 1st Bank & Trust Company been around?

Can Mountain 1st Bank & Trust Company transfer to other banks?

Does Mountain 1st Bank & Trust Company have quick pay?

Does Mountain 1st Bank & Trust Company accept rolled coins?

Will Mountain 1st Bank & Trust Company accept loose change?

Where is Mountain 1st Bank & Trust Company headquarters?

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