Monarch Bank

Monarch Bank is headquartered in Chesapeake and is the 24^th largest bank in the state of Virginia. It is also the 705^th largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 585 employees at 12 locations. Monarch Bank has a 4-star health rating.

Monarch Bank Routing Number: 051408910

Data for Q1 2012

Institution Statistics Monarch Bank FDIC Certificate # 34945 BankRate Report View Year Established 1999 Employees 585 Primary Regulator FED Assets and Liabilities Assets $937.40 million Loans $831.15 million Deposits $812.28 million Equity Capital $88.45 million Loan Loss Allowance $10.40 million Unbacked Noncurrent Loans $8.97 million Real Estate Owned $2.23 million Historic Data - March 2011 Assets $802.79 million Equity Capital $78.90 million Loan Loss Allowance $9.50 million Unbacked Noncurrent Loans $7.97 million Real Estate Owned $2.18 million Profit Margin - Quarterly Net Interest Margin 4.53% Return on Assets 1.14% Return on Equity 12.35% Interest Income $10.98 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Monarch Bank had $11.2 million in non-current loans and owned real-estate with $98.85 million in equity and loan loss allowances on hand to cover it. This gives Monarch Bank a Texas Ratio of 11.33% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Monarch Bank held steady from 11.48% as of March 31, 2011 to 11.33% as of March 31, 2012, resulting in a positive change of 1.30%.This indicates that the balance sheet and financial strength for Monarch Bank has held steady in recent periods. Deposit Growth In the past year, Monarch Bank has increased its total deposits by $138.16 million, resulting in 20.49% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Monarch Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Monarch Bank has $937.4 million in assets with $98.85 million in equity, resulting in a capitalization level of 10.55%, which is above average.

No reviews have been left for this bank yet. Be the first to review.