Monroe Bank & Trust

1500 N. Custer Road
Monroe, MI 48162
800-321-0032.
www.mbandt.com

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Monroe Bank & Trust is headquartered in Monroe and is the 10^st largest bank in the state of Michigan. It is also the 532^nd largest bank in the nation. It was established in 1905 and as of September of 2011, it had grown to 352 employees at 25 locations. Monroe Bank & Trust has a 2-star health rating.

Monroe Bank & Trust Routing Number: 072402157

3.01% Reward Checking Account at a Michigan Bank (Monroe Bank & Trust) - 8/22/2007

Update 2/06/09: The top yield has fallen to 3.01% APY.Monroe Bank & Trust is offering a reward checking account it calls Performance Checking which pays 3.01% APY on balances up to $25K (0.50% over) and refunds ATM fees if the following monthly...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Monroe Bank & Trust Checking Account Rates

Apy	Min	Max	Product
0.65%	-	$50k	MBT Performance Checking
0.10%	-	-	Vintage 50
0.05%	-	-	Free Checking Plus Interest
0.05%	-	-	NOW Account

Monroe Bank & Trust Savings Account Rates

Apy	Min	Max	Product
0.10%	$100	-	Statement Savings
0.10%	$100	-	Passbook Savings

Monroe Bank & Trust Money Market Rates

Apy	Min	Max	Product
0.25%	$500k	-	Business Money Market Plus
0.25%	$500k	-	Money Market Plus

Monroe Bank & Trust CD Rates

Apy	Min	Max	Product
1.60%	$1k	-	Business 5 Year Vintage CD
1.60%	$1k	-	5 Year Vintage CD
1.50%	$1k	-	Business 5 Year CD
1.50%	$1k	-	5 Year CD
1.11%	$1k	-	Business 4 Year Vintage CD
1.11%	$1k	-	4 Year Vintage CD
1.00%	$1k	-	Business 4 Year CD
1.00%	$1k	-	4 Year CD
0.85%	$1k	-	Business 3 Year Vintage CD
0.85%	$1k	-	Business 3 1/2 Year Vintage CD
0.85%	$1k	-	3 Year Vintage CD
0.85%	$1k	-	3 1/2 Year Vintage CD
0.75%	$1k	-	Business 3 Year CD
0.75%	$1k	-	Business 3 1/2 Year CD
0.75%	$1k	-	3 Year CD
0.75%	$1k	-	3 1/2 Year CD
0.50%	$1k	-	Business 2 1/2 Year CD
0.50%	$1k	-	Business 2 Year CD
0.50%	$1k	-	Business 25 Month Rate Hike CD
0.50%	$1k	-	2 Year CD
0.50%	$1k	-	25 Month Rate Hike CD
0.50%	$1k	-	2 1/2 Year CD
0.40%	$1k	-	Business 1 1/2 Year CD
0.40%	$1k	-	Business 1 Year CD
0.40%	$1k	-	1 Year CD
0.40%	$1k	-	1 1/2 Year CD
0.25%	$1k	-	Business 6 Month CD
0.25%	$1k	-	6 Month CD
0.15%	$1k	-	Business 3 Month CD
0.15%	$1k	-	3 Month CD
0.10%	$1k	-	Business 32 - 89 Days CD
0.10%	$1k	-	32 - 89 Days CD
0.05%	$2,500	-	Business 7 - 31 Days CD
0.05%	$2,500	-	7 - 31 Days CD

Monroe Bank & Trust IRA Rates

Apy	Min	Max	Product
1.50%	-	-	60 Month Fixed IRA
1.50%	-	-	60 Month Roth Fixed IRA
1.01%	-	-	48 Month Fixed IRA
1.01%	-	-	48 Month Roth Fixed IRA
1.01%	-	-	48 Month Education Fixed IRA
0.75%	-	-	36 Month Fixed IRA
0.75%	-	-	36 Month Education Fixed IRA
0.60%	-	-	30 Month Roth Fixed IRA
0.40%	-	-	18 Month Fixed IRA
0.40%	-	-	36 Month Variable IRA
0.40%	-	-	30 Month Roth Variable IRA
0.40%	-	-	18 Month Education Fixed IRA
0.40%	-	-	36 Month Educational Variable IRA
0.25%	-	-	9 Month Fixed IRA
0.25%	-	-	9 Month Roth Fixed IRA
0.20%	-	-	18 Month Variable IRA
0.20%	-	-	18 Month Education Variable IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

Monroe Bank & Trust
FDIC Certificate #	12181
BankRate Report	View
Year Established	1905
Employees	352
Primary Regulator	FDIC
Assets and Liabilities
Assets	$1.25 billion
Loans	$681.56 million
Deposits	$1.03 billion
Equity Capital	$74.45 million
Loan Loss Allowance	$21.87 million
Unbacked Noncurrent Loans	$57.70 million
Real Estate Owned	$18.69 million
Historic Data - September 2010
Assets	$1.26 billion
Equity Capital	$82.77 million
Loan Loss Allowance	$20.75 million
Unbacked Noncurrent Loans	$64.27 million
Real Estate Owned	$18.88 million
Profit Margin - Quarterly
Net Interest Margin	3.16%
Return on Assets	-0.41%
Return on Equity	-7.1%
Interest Income	$37.75 million

Institution Health

Overall Score:

2 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 September 30, 2011 Monroe Bank & Trust had $76.39 million in non-current loans and owned real-estate with $96.32 million in equity and loan loss allowances on hand to cover it. This gives Monroe Bank & Trust a Texas Ratio of 79.31% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Monroe Bank & Trust held steady from 80.33% as of September 30, 2010 to 79.31% as of September 30, 2011, resulting in a positive change of 1.26%.This indicates that the balance sheet and financial strength for Monroe Bank & Trust has held steady in recent periods.
Deposit Growth
In the past year, Monroe Bank & Trust has increased its total deposits by $6.59 million, resulting in 0.64% 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 Monroe Bank & Trust has shown is average.
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. Monroe Bank & Trust has $1.25 billion in assets with $96.32 million in equity, resulting in a capitalization level of 7.74%, which is below average.

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Monroe Bank & Trust

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