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Overview / Commentary
608-223-3000
5515 Monona Drive
Monona, WI 53716

Monona Bank is headquartered in Monona and is the 23rd largest bank in the state of Wisconsin. It is also the 918th largest bank in the nation. It was established in 1991 and as of June of 2017, it had grown to 144 employees at 9 locations. Monona Bank has an A health rating.

Reviews (1)

Hiding Loan Payoff Fees?

Posted by: wood9037 | Jan 17, 2012

Stay away. I have had two loans with this company, mainly because they were a referral and I appreciated the service they gave me. They didn't have the best rates, but not terrible either. After paying over $25k in interest over the past 6-7 years, I refinanced with someone else as Monona couldn't offer as good a deal and the service from my new lender seemed much better. Upon refinancing, they charged me a $25 fee. I inquired with them because my loan docs said there was no early payoff fee, but said the fee was for "preparation of my payoff amount," which they view as something different. After the amount I paid them, they apparently wanted more. After emailing the VP, she explained what it was for and I questioned it, she didn't respond. No more business for them and I hope everyone stays away.



Health

Health Grade Components

Overall
FDIC Certificate #33458
Year Established1991
Employees144
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD3.18%
Annual Interest Income$15.5MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$830.0MM$469.1MM
LoansQ2 2017vs Q2 2016$655.4MM$397.8MM
DepositsQ2 2017vs Q2 2016$658.3MM$353.4MM
Equity CapitalQ2 2017vs Q2 2016$95.5MM$52.2MM
Loan Loss AllowanceQ2 2017vs Q2 2016$6.9MM$5.9MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$4.5MM$934.00K
Real Estate OwnedQ2 2017vs Q2 2016$748.00K$1.5MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Monona Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Junior Savings
0.05%*$25k*-WealthBuilder Savings
OTHER TIERS: 0.02% Up to $25k
0.05%*$5k*-Health Savings Account
OTHER TIERS: 0.01% Up to $5k
0.03%--True Savings

Monona Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$10k*-True North Money Market
OTHER TIERS: 0.02% Up to $10k
0.05%*$2,500*-True Money Market
OTHER TIERS: 0.02% Up to $2,500
0.02%--Money Market IRA

Monona Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%--True Rewards Balance
0.01%--True Advantage

Monona Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%--84 Month CD
1.50%--23 Month CD Special
1.25%--60 Month CD
1.00%--11 Month CD Special
0.90%--48 Month CD
0.75%--36 Month CD
0.40%--24 Month CD
0.30%--12 Month CD
0.30%--18 Month CD
0.20%--6 Month CD
0.10%--90 Day CD

Monona Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%--60 Month IRA
0.90%--48 Month IRA
0.75%--36 Month IRA
0.40%--24 Month IRA
0.25%--12 Month IRA
Locations


Monona Bank Locations
Cottage Grove Branch341 West Cottage Grove RoadCottage Grove, WI 53527
Monona State Bank5515 Monona DriveMonona, WI 53716
Bridge Road Branch6430 Bridge RoadMonona, WI 53716
Atwood Avenue Madison Branch1965 Atwood AvenueMadison, WI 53704
Belleville Branch27 W Main StBelleville, WI 53508
Brooklyn Branch229 Douglas DriveBrooklyn, WI 53521
Cross Plains Wi Branch2615 Westview CourtCross Plains, WI 53528
Middleton Br3207 Parmenter StreetMiddleton, WI 53562
Sauk City Branch603 Phillips BoulevardSauk City, WI 53583