Montecito Bank & Trust

Overview / Commentary

805-963-7511

1000 State Street
Santa Barbara, CA 93101

Montecito Bank & Trust is headquartered in Santa Barbara and is the 45^th largest bank in the state of California. It is also the 550^th largest bank in the nation. It was established in 1975 and as of September of 2019, it had grown to 231 employees at 15 locations. Montecito Bank & Trust's CD rates are 78% higher than the national average, and it boasts an A+ health rating.

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Health

A+

Data as of Q3 2019

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Health Grade Components

Overall
FDIC Certificate #	21956
Year Established	1975
Employees	231
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.74%
Return on Equity - YTD	6.79%
Annual Interest Income	$47.9MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$1.54B$1.40B
Loans	Q3 2019vs Q3 2018	$1.00B$904.0MM
Deposits	Q3 2019vs Q3 2018	$1.34B$1.23B
Equity Capital	Q3 2019vs Q3 2018	$174.9MM$153.9MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$13.1MM$12.8MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$7.3MM$1.6MM
Real Estate Owned	Q3 2019vs Q3 2018	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Montecito Bank & Trust Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$500k^*	-	Business Sweep Savings
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $100k \| 0.20% → $100k - $250k \| 0.25% → $250k - $500k
0.10%	-	-	First Steps Savings
0.10%	-	-	CA Saver
0.05%	-	-	Personal Savings
0.05%	-	-	Business Savings

Montecito Bank & Trust Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$250k^*	-	Business Relationship Money Market
OTHER TIERS: 0.15% → Up to $25k \| 0.25% → $25k - $250k
0.30%^*	$100k^*	-	Personal Relationship Bonus Money Market (Access, Private Access)
OTHER TIERS: 0.15% → Up to $10k \| 0.20% → $10k - $50k \| 0.25% → $50k - $100k
0.25%^*	$100k^*	-	Personal Relationship Bonus Money Market (Cashback)
OTHER TIERS: 0.10% → Up to $10k \| 0.15% → $10k - $50k \| 0.20% → $50k - $100k
0.23%^*	$100k^*	-	Personal Relationship Bonus Money Market (Everyday, Gold Key & Charter)
OTHER TIERS: 0.08% → Up to $10k \| 0.13% → $10k - $50k \| 0.18% → $50k - $100k
0.20%^*	$250k^*	-	Business Money Market
OTHER TIERS: 0.05% → Up to $25k \| 0.15% → $25k - $250k
0.20%^*	$100k^*	-	Montecito Money Fund
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $50k \| 0.15% → $50k - $100k

Montecito Bank & Trust Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.18%^*	$100k^*	-	Private Access Checking
OTHER TIERS: 0.11% → Up to $10k \| 0.13% → $10k - $50k \| 0.15% → $50k - $100k
0.15%	-	-	Community Dividends Checking
0.08%^*	$100k^*	-	Access Checking
OTHER TIERS: 0.01% → Up to $10k \| 0.03% → $10k - $50k \| 0.05% → $50k - $100k
0.05%	-	-	Business Interest Checking

Montecito Bank & Trust CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$1k	-	60 Month CD
2.00%	$1k	-	Business 60 Month CD
1.75%	$1k	-	24 Month CD
1.75%	$1k	-	Business 24 Month CD
1.75%	$1k	-	48 Month CD
1.75%	$1k	-	Business 48 Month CD
1.70%	$1k	-	36 Month CD
1.70%	$1k	-	Business 36 Month CD
1.60%	$1k	-	12 Month CD
1.60%	$1k	-	Business 12 Month CD
1.50%	$1k	-	18 Month CD
1.50%	$1k	-	Business 18 Month CD
1.50%	$10k	-	21 Month You Choose CD
1.50%	$10k	-	Business 21 Month You Choose CD
0.70%	$1k	-	180 Day CD
0.70%	$10k	-	7 Month Access CD
0.70%	$1k	-	Business 180 Day CD
0.70%	$1k	-	Business 7 Month Access CD
0.15%	$1k	-	90 Day CD
0.15%	$1k	-	Business 90 Day CD
0.10%	$1k	-	30 Day CD
0.10%	$1k	-	Business 30 Day CD

Montecito Bank & Trust IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$1k	-	60 Month IRA
1.75%	$1k	-	24 Month IRA
1.75%	$1k	-	48 Month IRA
1.70%	$1k	-	36 Month IRA
1.60%	$1k	-	12 Month IRA
1.50%	$1k	-	18 Month IRA
0.70%	$1k	-	180 Day IRA
0.15%	$1k	-	90 Day IRA
0.10%	$1k	-	30 Day IRA

Locations

Availability

Santa Barbara Area

Santa Barbara Area bank & credit union details

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