The Bank of Old Monroe is headquartered in Old Monroe and is the 62nd largest bank in the state of Missouri. It is also the 1,688th largest bank in the nation. It was established in 1906 and as of June of 2020, it had grown to 74 employees at 5 locations. The Bank of Old Monroe has an A+ health rating.
Best Local Bank In The St. Louis Region
Bank of Old Monroe is one of the best local banks around the St. Louis region. It is privately owned which makes things very personal. It's extremely easy to get a hold of the people you need to talk to if you have a discrepancy on your account. Their audit department catches even the smallest of fraud charges, not like other banks that turn a blind eye and not look at small charges on the account. One great thing that shows how thoughtful they are is around the holidays, they will put out a tree in the lobby with "ornaments" which are actually pieces of paper with childrens' wish list of gifts they would like to open on Christmas morning. It really shows that Bank of Old Monroe is involved in the community and cares about individuals.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1655 |
| Year Established | 1906 |
| Employees | 74 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 3.57% |
| Return on Equity - YTD | 23.73% |
| Annual Interest Income | $10.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $471.5MM$373.0MM |
| Loans | Q2 2020vs Q2 2019 | $286.7MM$249.5MM |
| Deposits | Q2 2020vs Q2 2019 | $370.7MM$303.1MM |
| Equity Capital | Q2 2020vs Q2 2019 | $68.6MM$58.5MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $4.8MM$4.5MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $95.00K$139.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |