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Montecito Bank & Trust


Overview / Commentary
montecito.bank
805-963-7511
1000 State Street
Santa Barbara, CA 93101

Montecito Bank & Trust is headquartered in Santa Barbara and is the 41st largest bank in the state of California. It is also the 449th largest bank in the nation. It was established in 1975 and as of June of 2022, it had grown to 253 employees at 15 locations. Montecito Bank & Trust's CD rates are 3X the national average, and it has a B+ health rating.

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Health
B+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #21956
Year Established1975
Employees253
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD11.57%
Annual Interest Income$35.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.46B$2.19B
LoansQ2 2022vs Q2 2021$1.18B$1.29B
DepositsQ2 2022vs Q2 2021$2.28B$1.97B
Equity CapitalQ2 2022vs Q2 2021$143.2MM$192.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$14.8MM$14.9MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$5.0MM$6.8MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Personal Savings
0.05%--First Steps Savings
0.05%--Business Savings
0.05%--Business Sweep Savings
0.05%--CA Saver
0.05%--Health Savings Account

Montecito Bank & Trust Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$500k*-Non Profit Relationship Money Market
OTHER TIERS: 0.35% → Up to $100k | 0.45% → $100k - $500k
0.35%*$500k*-Personal Relationship Bonus Money Market (Access, Private Access)
OTHER TIERS: 0.25% → Up to $100k | 0.30% → $100k - $500k
0.30%*$500k*-Business Relationship Money Market
OTHER TIERS: 0.15% → Up to $100k | 0.25% → $100k - $500k
0.20%*$500k*-Business Money Market
OTHER TIERS: 0.05% → Up to $100k | 0.15% → $100k - $500k
0.20%*$500k*-Personal Relationship Bonus Money Market (Cashback)
OTHER TIERS: 0.10% → Up to $100k | 0.15% → $100k - $500k
0.18%*$500k*-Everyday Personal Relationship Bonus Money Market
OTHER TIERS: 0.08% → Up to $100k | 0.13% → $100k - $500k
0.15%*$500k*-Montecito Money Fund
OTHER TIERS: 0.05% → Up to $100k | 0.10% → $100k - $500k

Montecito Bank & Trust Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
10.00%*$50k*$100kPrivate Access Checking
OTHER TIERS: 0.10% → Any amount
0.10%--Community Dividends Checking
0.05%--Access Checking
0.05%--Business Interest Checking

Montecito Bank & Trust CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%$1k-12 Month CD
3.05%$1k-Business 12 Month CD
2.85%$1k-180 Day CD
2.85%$1k-Business 180 Day CD
2.40%$1k-90 Day CD
2.40%$1k-Business 90 Day CD
0.25%$1k-60 Month CD
0.25%$1k-Business 60 Month CD
0.15%$1k-18 Month CD
0.15%$1k-24 Month CD
0.15%$1k-36 Month CD
0.15%$1k-Business 18 Month CD
0.15%$1k-Business 24 Month CD
0.15%$1k-Business 36 Month CD
0.15%$1k-48 Month CD
0.15%$1k-Business 48 Month CD
0.15%$10k-21 Month You Choose CD
0.15%$10k-Business 21 Month You Choose CD
0.10%$10k-7 Month Access CD
0.10%$1k-Business 7 Month Access CD
0.05%$1k-30 Day CD
0.05%$1k-Business 30 Day CD

Montecito Bank & Trust IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%$1k-12 Month IRA
2.85%$1k-180 Day IRA
2.40%$1k-90 Day IRA
0.25%$1k-60 Month IRA
0.15%$1k-18 Month IRA
0.15%$1k-24 Month IRA
0.15%$1k-36 Month IRA
0.15%$1k-48 Month IRA
0.05%$1k-30 Day IRA
Locations

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