Monticello Banking Company (MBC)


Overview / Commentary
606-348-8411
50 North Main
Monticello, KY 42633

Monticello Banking Company (MBC) is headquartered in Monticello and is the 18th largest bank in the state of Kentucky. It is also the 987th largest bank in the nation. It was established in 1895 and as of June of 2021, it had grown to 194 employees at 18 locations. Monticello Banking Company (MBC) has an A health rating.

Reviews (3)

Five Star Friendly

Posted by: |

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.

Best local bank around.

I switched to the local bank downtown from where I work about 6-8 months ago. I got tired of all the ridiculous fees I was constantly getting from BB&T. So far I have absolutely nothing negative to say about Monticello Banking Company. They are always very friendly and helpful, it's like going to see an old friend when I go to the bank now. They are always very quick and efficient too, no long waits. I haven't had a single charge I wasn't expecting as well and their fees are very reasonable. I would recommend this bank to all my friends and family.

Been A HORRIBLE Experience

The line to call and check your balance and history does not hardly ever work. Now I am stuck out of state because I depended on using my debit card. My payroll of over 1500.00 is direct deposit every week. Now ALL OF THE DEBIT CARDS ARE NOT WORKING. I have learned a lesson. DO NOT USE THIS BANK. THEY CAN NOT GET THIER ACT TOGETHER. THEY WILL LEAVE YOU IN A BAD SPOT. THANKS TO THEM I WILL BE IN A SHELTER TIL THEY GET OUR CARDS WORKING



Health

Health Grade Components

Overall
FDIC Certificate #292
Year Established1895
Employees194
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD11.4%
Annual Interest Income$17.0MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$989.8MM$869.8MM
LoansQ2 2021vs Q2 2020$616.1MM$603.3MM
DepositsQ2 2021vs Q2 2020$881.9MM$753.0MM
Equity CapitalQ2 2021vs Q2 2020$91.3MM$86.3MM
Loan Loss AllowanceQ2 2021vs Q2 2020$8.0MM$6.6MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$3.9MM$3.4MM
Real Estate OwnedQ2 2021vs Q2 2020$33.00K$1.3MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Monticello Banking Company (MBC) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%-$15kREWARDSavings

Monticello Banking Company (MBC) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.06%*-$15kREWARDChecking
OTHER TIERS: 0.10% $15k+
Locations

Availability



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