102 East Front Street
Monroe, MI 48161
734.241.3431
www.mbandt.com

FDIC


Monroe Bank & Trust is headquartered in Monroe and is the 9th largest bank in the state of Michigan. It is also the 522nd largest bank in the nation. It was established in 1905 and as of December of 2012, it had grown to 357 employees at 24 locations. Monroe Bank & Trust has a 3-star health rating.

Monroe Bank & Trust Routing Number: 072402157

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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...



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

Monroe Bank & Trust Checking Account Rates

ApyMinMaxProduct
0.10%-$50kMBT Performance Checking
0.05%--Free Checking Plus Interest
0.05%--Vintage 50
0.05%--NOW Account

Monroe Bank & Trust Savings Account Rates

ApyMinMaxProduct
0.05%$100-Statement Savings
0.05%$100-Passbook Savings

Monroe Bank & Trust Money Market Rates

ApyMinMaxProduct
0.15%$500k-Business Money Market Plus
0.15%$500k-Money Market Plus

Monroe Bank & Trust CD Rates

ApyMinMaxProduct
1.00%$1k-Business 5 Year Vintage CD
1.00%$1k-5 Year Vintage CD
0.90%$1k-Business 5 Year CD
0.90%$1k-5 Year CD
0.50%$1k-Business 4 Year Vintage CD
0.50%$1k-4 Year Vintage CD
0.40%$1k-Business 4 Year CD
0.40%$1k-Business 3 Year Vintage CD
0.40%$1k-Business 3.5 Year Vintage CD
0.40%$1k-3 Year Vintage CD
0.40%$1k-3.5 Year Vintage CD
0.40%$1k-4 Year CD
0.30%$1k-Business 3 Year CD
0.30%$1k-Business 3.5 Year CD
0.30%$1k-3 Year CD
0.30%$1k-3.5 Year CD
0.25%$1k-Business 2.5 Year CD
0.25%$1k-Business 2 Year CD
0.25%$1k-2 Year CD
0.25%$1k-2.5 Year CD
0.20%$1k-Business 1.5 Year CD
0.20%$1k-Business 1 Year CD
0.20%$1k-Business 25 Month Rate Hike CD
0.20%$1k-1 Year CD
0.20%$1k-1.5 Year CD
0.20%$1k-25 Month Rate Hike CD
0.15%$1k-Business 6 Month CD
0.15%$1k-6 Month CD
0.10%$1k-Business 3 Month CD
0.10%$1k-3 Month CD
0.05%$2,500-Business 7 - 31 Day CD
0.05%$1k-Business 32 - 89 Day CD
0.05%$2,500-7 - 31 Day CD
0.05%$1k-32 - 89 Day CD

Monroe Bank & Trust IRA Rates

ApyMinMaxProduct
0.90%--60 Month Fixed IRA
0.90%--60 Month Roth Fixed IRA
0.40%--48 Month Fixed IRA
0.40%--48 Month Roth Fixed IRA
0.40%--48 Month Education Fixed IRA
0.30%--36 Month Fixed IRA
0.30%--36 Month Education Fixed IRA
0.25%--30 Month Roth Fixed IRA
0.20%--18 Month Fixed IRA
0.20%--18 Month Education Fixed IRA
0.15%--36 Month Variable IRA
0.15%--36 Month Educational Variable IRA
0.15%--9 Month Fixed IRA
0.15%--9 Month Roth Fixed IRA
0.10%--18 Month Variable IRA
0.10%--30 Month Roth Variable IRA
0.10%--18 Month Education Variable IRA

Rates updated: 5/24/2013

Data for Q4 2012


Institution Statistics


Monroe Bank & Trust
FDIC Certificate #12181
BankRate ReportView
Year Established1905
Employees357
Primary RegulatorFDIC

Assets and Liabilities

Assets$1.27 billion
Loans$611.97 million
Deposits$1.05 billion
Equity Capital$83.48 million
Loan Loss Allowance$16.80 million
Unbacked Noncurrent Loans$30.93 million
Real Estate Owned$14.26 million

Historic Data - December 2011

Assets$1.24 billion
Equity Capital$75.22 million
Loan Loss Allowance$20.87 million
Unbacked Noncurrent Loans$50.87 million
Real Estate Owned$16.65 million

Profit Margin - Quarterly

Net Interest Margin3.1%
Return on Assets0.75%
Return on Equity11.98%
Interest Income$44.52 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 December 31, 2012 Monroe Bank & Trust had $45.19 million in non-current loans and owned real-estate with $100.28 million in equity and loan loss allowances on hand to cover it. This gives Monroe Bank & Trust a Texas Ratio of 45.06% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Monroe Bank & Trust decreased slightly from 70.06% as of December 31, 2011 to 45.06% as of December 31, 2012, resulting in a positive change of 35.68%.This indicates that the balance sheet and financial strength for Monroe Bank & Trust has improved slightly in recent periods.
Deposit Growth4
In the past year, Monroe Bank & Trust has increased its total deposits by $26.62 million, resulting in 2.6% 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 above average.
Capitalization2
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 $1.27 billion in assets with $100.28 million in equity, resulting in a capitalization level of 7.91%, which is below average.
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