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Overview / Commentary
606-348-8411
50 North Main
Monticello, KY 42633

The Monticello Banking Company is headquartered in Monticello and is the 20th largest bank in the state of Kentucky. It is also the 1,197th largest bank in the nation. It was established in 1895 and as of March of 2014, it had grown to 166 employees at 12 locations. The Monticello Banking Company's savings rates are 94% higher than the national average, and it has a B health rating.

Reviews (1)

Five Star Friendly

Monticello Banking Company is one of the best banks that I have ever been to. Everyone is so friendly and eager to help. Not only did I switch my accounts there, but my wife did also. The company that I work for banks there as well. If your're not banking with Monticello Banking Company then you should be.



Health

Data for Q1 2014

Institution Health

B

Texas Ratio

GRADE:
B+

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 The Monticello Banking Company had $7.53 million in non-current loans and owned real-estate with $60 million in equity and loan loss allowances on hand to cover it. This gives The Monticello Banking Company a Texas Ratio of 12.54% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for The Monticello Banking Company decreased slightly from 15.09% as of March 31, 2013 to 12.54% as of March 31, 2014, resulting in a positive change of 16.86%.This indicates that the balance sheet and financial strength for The Monticello Banking Company has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, The Monticello Banking Company has decreased its total deposits by -$22.6 million, resulting in -4.56% 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 The Monticello Banking Company has shown is below average.

Capitalization

GRADE:
B+

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. The Monticello Banking Company has $559.35 million in assets with $60 million in equity, resulting in a capitalization level of 10.73%, which is above average.

Institution Statistics

Overall
FDIC Certificate #292
Year Established1895
Employees166
Primary RegulatorFED
Assets and Liabilities
Assets$559.35 million
Loans$341.80 million
Deposits$473.18 million
Equity Capital$54.51 million
Loan Loss Allowance$5.49 million
Unbacked Noncurrent Loans$5.94 million
Real Estate Owned$1.59 million
Historic Data - March 2013
Assets$553.01 million
Equity Capital$55.92 million
Loan Loss Allowance$5.67 million
Unbacked Noncurrent Loans$5.94 million
Real Estate Owned$2.34 million
Profit Margin - Quarterly
Return on Assets0.81%
Return on Equity8.3%
Interest Income$5.76 million
Rates
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The Monticello Banking Company Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.01%-$15kREALSaver - Qualifying
0.05%--RealSaver - Non Qualifying

The Monticello Banking Company Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.11%-$15kREWARDChecking - Qualifying
0.05%--REWARDChecking - Non Qualifying
Locations

The Monticello Banking Company has 12 locations. Click to view all The Monticello Banking Company locations.