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Overview / Commentary
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 1,223rd largest bank in the nation. It was established in 1895 and as of December of 2013, it had grown to 159 employees at 12 locations. The Monticello Banking Company 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 Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B+

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, 2013 The Monticello Banking Company had $7.66 million in non-current loans and owned real-estate with $58.7 million in equity and loan loss allowances on hand to cover it. This gives The Monticello Banking Company a Texas Ratio of 13.05% 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 15.80% as of December 31, 2012 to 13.05% as of December 31, 2013, resulting in a positive change of 17.39%.This indicates that the balance sheet and financial strength for The Monticello Banking Company has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, The Monticello Banking Company has decreased its total deposits by -$38.25 million, resulting in -7.66% 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 $545.94 million in assets with $58.7 million in equity, resulting in a capitalization level of 10.75%, which is above average.

Institution Statistics

Overall
FDIC Certificate #292
Year Established1895
Employees159
Primary RegulatorFED
Assets and Liabilities
Assets$545.94 million
Loans$332.81 million
Deposits$461.20 million
Equity Capital$53.23 million
Loan Loss Allowance$5.47 million
Unbacked Noncurrent Loans$5.76 million
Real Estate Owned$1.90 million
Historic Data - December 2012
Assets$557.51 million
Equity Capital$56.35 million
Loan Loss Allowance$5.29 million
Unbacked Noncurrent Loans$5.76 million
Real Estate Owned$1.95 million
Profit Margin - Quarterly
Net Interest Margin3.89%
Return on Assets0.84%
Return on Equity8.5%
Interest Income$23.35 million
Rates

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Locations

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