Montecito Bank & Trust

Montecito Bank & Trust Locations
1000 State Street
Santa Barbara, CA 93101
(805) 963-7511
www.montecito.com

FDIC


Montecito Bank & Trust is headquartered in Santa Barbara and is the 51st largest bank in the state of California. It is also the 628th largest bank in the nation. It was established in 1975 and as of December of 2012, it had grown to 190 employees at 10 locations. Montecito Bank & Trust has a 4-star health rating.



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

Montecito Bank & Trust Checking Account Rates

ApyMinMaxProduct
0.20%$100k-Access Checking
0.20%$100k-Private Access Checking
0.15%--Community Dividends Checking
0.05%--Regular Interest Checking
0.05%--Business Interest Checking

Montecito Bank & Trust Savings Account Rates

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0.35%$500k-Business Sweep Savings
0.10%--First Steps Savings
0.10%--Business Savings
0.10%--CA Saver
0.05%--Personal Savings

Montecito Bank & Trust Money Market Rates

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0.35%$500k-Business Relationship Money Market
0.30%$500k-Business Money Market
0.25%$100k-Personal Relationship Money Market
0.20%$100k-Montecito Money Fund

Montecito Bank & Trust CD Rates

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0.90%$1k-36 Month CD
0.90%$1k-Business 36 Month CD
0.70%$1k-24 Month CD
0.70%$1k-Business 24 Month CD
0.45%$1k-12 Month CD
0.45%$1k-18 Month CD
0.45%$1k-Business 12 Month CD
0.45%$1k-Business 18 Month CD
0.25%$1k-6 Month CD
0.25%$10k-7 Month Access CD
0.25%$1k-Business 6 Month CD
0.25%$10k-Business 7 Month Access CD
0.15%$1k-1 Month CD
0.15%$1k-3 Month CD
0.15%$1k-Business 1 Month CD
0.15%$1k-Business 3 Month CD

Montecito Bank & Trust IRA Rates

ApyMinMaxProduct
0.90%$1k-36 Month IRA
0.90%$1k-36 Month Roth IRA
0.70%$1k-24 Month IRA
0.70%$1k-24 Month Roth IRA
0.45%$1k-12 Month IRA
0.45%$1k-18 Month IRA
0.45%$1k-12 Month Roth IRA
0.45%$1k-18 Month Roth IRA
0.25%$1k-6 Month IRA
0.25%$1k-6 Month Roth IRA
0.15%$1k-1 Month IRA
0.15%$1k-3 Month IRA
0.15%$1k-1 Month Roth IRA
0.15%$1k-3 Month Roth IRA

Rates updated: 5/18/2013

Data for Q4 2012


Institution Statistics


Montecito Bank & Trust
OTS #12016
FDIC Certificate #21956
BankRate ReportView
Year Established1975
Employees190
Primary RegulatorFDIC

Assets and Liabilities

Assets$1.06 billion
Loans$514.43 million
Deposits$921.63 million
Equity Capital$117.43 million
Loan Loss Allowance$9.62 million
Unbacked Noncurrent Loans$12.88 million
Real Estate Owned$15.45 million

Historic Data - December 2011

Assets$1.02 billion
Equity Capital$108.03 million
Loan Loss Allowance$11.89 million
Unbacked Noncurrent Loans$20.80 million
Real Estate Owned$11.60 million

Profit Margin - Quarterly

Net Interest Margin4.02%
Return on Assets1.27%
Return on Equity11.5%
Interest Income$41.37 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 Montecito Bank & Trust had $28.32 million in non-current loans and owned real-estate with $127.05 million in equity and loan loss allowances on hand to cover it. This gives Montecito Bank & Trust a Texas Ratio of 22.29% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Montecito Bank & Trust decreased slightly from 27.33% as of December 31, 2011 to 22.29% as of December 31, 2012, resulting in a positive change of 18.45%.This indicates that the balance sheet and financial strength for Montecito Bank & Trust has improved slightly in recent periods.
Deposit Growth5
In the past year, Montecito Bank & Trust has increased its total deposits by $45.89 million, resulting in 5.24% 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.
Capitalization4
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 $1.06 billion in assets with $127.05 million in equity, resulting in a capitalization level of 11.96%, which is above average.
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