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Overview / Commentary
601 Munras Avenue
Monterey, CA 93940

Monterey County Bank is headquartered in Monterey and is the 142nd largest bank in the state of California. It is also the 3,052nd largest bank in the nation. It was established in 1977 and as of March of 2014, it had grown to 44 employees at 4 locations. Monterey County Bank has a D health rating.

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Health

Data for Q1 2014

Institution Health

D

Texas Ratio

GRADE:
F

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 Monterey County Bank had $27.98 million in non-current loans and owned real-estate with $14.72 million in equity and loan loss allowances on hand to cover it. This gives Monterey County Bank a Texas Ratio of 190.02% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Monterey County Bank experienced no significant changes from 180.32% as of March 31, 2013 to 190.02% as of March 31, 2014, resulting in a negative change of 5.38%. This indicates that the balance sheet and financial strength for Monterey County Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, Monterey County Bank has decreased its total deposits by -$14.28 million, resulting in -7.93% 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 Monterey County Bank has shown is below average.

Capitalization

GRADE:
C-

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. Monterey County Bank has $200.8 million in assets with $14.72 million in equity, resulting in a capitalization level of 7.33%, which is below average.

Institution Statistics

Overall
FDIC Certificate #22460
Year Established1977
Employees44
Primary RegulatorFDIC
Assets and Liabilities
Assets$200.80 million
Loans$121.41 million
Deposits$165.86 million
Equity Capital$11.87 million
Loan Loss Allowance$2.86 million
Unbacked Noncurrent Loans$3.16 million
Real Estate Owned$24.83 million
Historic Data - March 2013
Assets$216.49 million
Equity Capital$12.57 million
Loan Loss Allowance$5.93 million
Unbacked Noncurrent Loans$3.16 million
Real Estate Owned$29.28 million
Profit Margin - Quarterly
Net Interest Margin3.97%
Return on Assets0.48%
Return on Equity8.33%
Interest Income$1.96 million
Rates

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Locations


Monterey County Bank Locations
Salinas Branch1127 South Main StreetSalinas, CA 93901
Carmel Rancho Branch3785 Via Nona MarieCarmel Rancho, CA 93923
Pacific Grove Branch542 Lighthouse AvenuePacific Grove, CA 93950
Monterey County Bank601 Munras AvenueMonterey, CA 93940