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Overview / Commentary
1000 State Street
Santa Barbara, CA 93101

Montecito Bank & Trust is headquartered in Santa Barbara and is the 51st largest bank in the state of California. It is also the 617st largest bank in the nation. It was established in 1975 and as of March of 2014, it had grown to 197 employees at 10 locations. Montecito Bank & Trust has a B+ health rating.

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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 Montecito Bank & Trust had $24.18 million in non-current loans and owned real-estate with $123.84 million in equity and loan loss allowances on hand to cover it. This gives Montecito Bank & Trust a Texas Ratio of 19.52% 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 Montecito Bank & Trust experienced no significant changes from 16.75% as of March 31, 2013 to 19.52% as of March 31, 2014, resulting in a negative change of 16.53%. This indicates that the balance sheet and financial strength for Montecito Bank & Trust has had no significant changes in recent periods.

Deposit Growth


In the past year, Montecito Bank & Trust has increased its total deposits by $38.67 million, resulting in 4.17% 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 Montecito Bank & Trust 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. Montecito Bank & Trust has $1.09 billion in assets with $123.84 million in equity, resulting in a capitalization level of 11.36%, which is excellent.

Institution Statistics

FDIC Certificate #21956
Year Established1975
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.09 billion
Loans$522.85 million
Deposits$966.26 million
Equity Capital$111.28 million
Loan Loss Allowance$12.56 million
Unbacked Noncurrent Loans$8.88 million
Real Estate Owned$15.30 million
Historic Data - March 2013
Assets$1.06 billion
Equity Capital$116.90 million
Loan Loss Allowance$12.16 million
Unbacked Noncurrent Loans$8.88 million
Real Estate Owned$8.75 million
Profit Margin - Quarterly
Net Interest Margin3.76%
Return on Assets1.06%
Return on Equity10.53%
Interest Income$9.86 million

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Montecito Bank & Trust Savings Account Rates

0.30%$500k-Business Sweep Savings
0.10%--First Steps Savings
0.10%--CA Saver
0.05%--Personal Savings
0.05%--Business Savings

Montecito Bank & Trust Money Market Rates

0.30%$100k-Personal Relationship Money Market
0.30%$250k-Business Relationship Money Market
0.20%$250k-Business Money Market
0.20%$100k-Montecito Money Fund

Montecito Bank & Trust Checking Account Rates

0.18%$100k-Private Access Checking
0.15%--Community Dividends Checking
0.08%$100k-Access Checking
0.05%--Business Interest Checking
0.03%--Regular Interest Checking

Montecito Bank & Trust CD Rates

0.90%$1k-60 Month CD
0.90%$1k-Business 60 Month CD
0.80%$1k-48 Month CD
0.80%$1k-Business 48 Month CD
0.70%$1k-36 Month CD
0.70%$1k-Business 36 Month CD
0.45%$1k-24 Month CD
0.45%$1k-Business 24 Month CD
0.30%$1k-18 Month CD
0.30%$1k-Business 18 Month CD
0.30%$10k-21 Month You Choose CD
0.30%$10k-21 Month Business You Choose CD
0.25%$1k-12 Month CD
0.25%$1k-Business 12 Month CD
0.20%$1k-180 Day CD
0.20%$10k-7 Month Access CD
0.20%$1k-Business 180 Day CD
0.20%$10k-Business 7 Month Access CD
0.15%$1k-90 Day CD
0.15%$1k-Business 90 Day CD
0.10%$1k-30 Day CD
0.10%$1k-Business 30 Day CD
0.10%$1k-60 Day CD
0.10%$1k-Business 60 Day CD

Montecito Bank & Trust IRA Rates

0.70%$1k-36 Month IRA
0.45%$1k-24 Month IRA
0.30%$1k-18 Month IRA
0.25%$1k-12 Month IRA
0.20%$1k-180 Day IRA
0.15%$1k-90 Day IRA
0.15%$1k-90 Day Roth IRA
0.15%$1k-60 Day IRA
0.10%$1k-30 Day IRA

Montecito Bank & Trust Locations
Montecito Bank & Trust1000 State StreetSanta Barbara, CA 93101
Carpinteria Branch1023 Casitas Pass RoadCarpinteria, CA 93013
Montecito Branch1106-A Coast Village RoadMontecito, CA 93108
LA Cumbre Branch3802 State StreetSanta Barbara, CA 93105
Ventura Branch4730 Telephone RoadVentura, CA 93003
Goleta Branch5658 Calle RealGoleta, CA 93117
Solvang Branch591 Alamo Pintado RoadSolvang, CA 93463
Hollister Branch6900 Hollister AvenueGoleta, CA 93117
Westlake Village Branch968 South Westlake Blvd., Suite 10Westlake Village, CA 91361