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5515 Monona Drive
Monona, WI 53716

Monona State Bank is headquartered in Monona and is the 49th largest bank in the state of Wisconsin. It is also the 1,728th largest bank in the nation. It was established in 1991 and as of March of 2014, it had grown to 83 employees at 4 locations. Monona State Bank has a B+ health rating.

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Reviews (1)

Hiding Loan Payoff Fees?

Stay away. I have had two loans with this company, mainly because they were a referral and I appreciated the service they gave me. They didn't have the best rates, but not terrible either. After paying over $25k in interest over the past 6-7 years, I refinanced with someone else as Monona couldn't offer as good a deal and the service from my new lender seemed much better. Upon refinancing, they charged me a $25 fee. I inquired with them because my loan docs said there was no early payoff fee, but said the fee was for "preparation of my payoff amount," which they view as something different. After the amount I paid them, they apparently wanted more. After emailing the VP, she explained what it was for and I questioned it, she didn't respond. No more business for them and I hope everyone stays away.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Monona State Bank had $10.29 million in non-current loans and owned real-estate with $52.64 million in equity and loan loss allowances on hand to cover it. This gives Monona State Bank a Texas Ratio of 19.56% 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 Monona State Bank decreased slightly from 26.12% as of March 31, 2013 to 19.56% as of March 31, 2014, resulting in a positive change of 25.13%.This indicates that the balance sheet and financial strength for Monona State Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Monona State Bank has increased its total deposits by $15.14 million, resulting in 5.43% 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 Monona State Bank has shown is excellent.



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. Monona State Bank has $383.63 million in assets with $52.64 million in equity, resulting in a capitalization level of 13.72%, which is excellent.

Institution Statistics

FDIC Certificate #33458
Year Established1991
Primary RegulatorFDIC
Assets and Liabilities
Assets$383.63 million
Loans$320.73 million
Deposits$293.92 million
Equity Capital$46.47 million
Loan Loss Allowance$6.17 million
Unbacked Noncurrent Loans$7.55 million
Real Estate Owned$2.74 million
Historic Data - March 2013
Assets$354.36 million
Equity Capital$43.74 million
Loan Loss Allowance$6.52 million
Unbacked Noncurrent Loans$7.55 million
Real Estate Owned$2.35 million
Profit Margin - Quarterly
Net Interest Margin3.81%
Return on Assets0.5%
Return on Equity4.11%
Interest Income$3.88 million

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Monona State Bank Locations
Cottage Grove Branch341 West Cottage Grove RoadCottage Grove, WI 53527
Monona State Bank5515 Monona DriveMonona, WI 53716
Bridge Road Branch6430 Bridge RoadMonona, WI 53716