Montecito Bank & Trust
Headquarters
1000 State St
Santa Barbara, CA 93101
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2024 Overview
General Bank Information
Montecito Bank & Trust is an FDIC insured institution located in Santa Barbara, CA. It was founded in 1975 and has approximately $2.12 billion in assets. Customers can open an account at one of its 13 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 21956 |
| Date Established | 1975 |
| Assets | $ 2.12 billion |
| Loans | $ 1,251.08 million |
| Deposits | $ 1,802.02 million |
| Capital | $ 149.94 million |
For a more detailed analysis of Montecito Bank & Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Montecito Bank & Trust
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 2262032 License#: RM.804810.000 |
6.368% |
6.250% 0.75 points $4,000 fees |
$1,971 | Learn More |
NMLS ID: 1835285 |
6.380% |
6.250% 0.88 points $4,400 fees |
$1,971 | Learn More |
NMLS ID: 2578474 |
6.482% |
6.375% 0.75 points $3,610 fees |
$1,997 | Learn More |
NMLS ID: 1025894 |
6.984% |
6.875% 0.88 points $3,545 fees |
$2,103 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.490 %
After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Montecito Bank & Trust
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Branches
Montecito Bank & Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Montecito Bank & Trust Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 1940.91 | A | View Lobby Hours | |
| 1960.48 | B | View Lobby Hours | |
| 1973.09 | C | View Lobby Hours | |
| 1979.74 | D | View Lobby Hours | |
| 1982.58 | E | View Lobby Hours | |
| 1984.67 | F | View Lobby Hours | |
| 1988.56 | G | View Lobby Hours | |
| 1991.18 | H | View Lobby Hours | |
| 2002.48 | I | View Lobby Hours | |
| 2002.49 | J | View Lobby Hours |
Climate Policy and Initiatives
Montecito Bank & Trust is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Montecito Bank & Trust Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Montecito Bank & Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Montecito Bank & Trust | U.S. Bank Average |
|---|---|
| 2.31% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, Montecito Bank & Trust had $3,795,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $149,943,000 in equity and $14,112,000 in loans loss reserves. That gives it a Texas Ratio of 2.31%.
Return on Equity
| Montecito Bank & Trust | U.S. Bank Average |
|---|---|
| 4.25% | 10.46% |
Montecito Bank & Trust has a Return on Equity of 4.25% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Montecito Bank & Trust | U.S. Bank Average |
|---|---|
| 7.06% | 10.84% |
Montecito Bank & Trust has a Capitalization of 7.06% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Montecito Bank & Trust Balance Sheet Analysis
As of June 30, 2024, Montecito Bank & Trust had assets of $2,122,580,000, loans of $1,251,081,000, and deposits of $1,802,015,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 29.62 million |
| Interest-bearing balances | $ 6.15 million |
| Total securities | $ 696.55 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 1,251.08 million |
| Loan loss allowance | $ 14.11 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 7.32 million |
| All other assets | $ 112.76 million |
| Total Assets | $ 1,972.64 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,802.02 million |
| Interest-bearing deposits | $ 1,130.80 million |
| Deposits held in domestic offices | $ 1,802.02 million |
| % insured (estimated) | 59.70% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 42.83 million |
| Total Liabilities | $ 1,972.64 million |
| Shareholders’ Equity | $ 149.94 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 41.87 million |
| Total Interest Expense | $ 10.09 million |
| Net interest income | $ 31.78 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 6.59 million |
| Total non interest expense | $ 34.24 million |
| Pre-tax Net Operating Income | $ 13.53 million |
Bank Loan Profile?
The top three loan types in Montecito Bank & Trust’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Multifamily Mortgages.
Compared to other banks, Montecito Bank & Trust’s loan portfolio does not show any specific loan specialty.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 20.01 | ✓ | ||
| Multifamily Mortgages |
16.78 | ✓ | ||
| Credit Card Loans | 0.04 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 5.68 | ✓ | ||
| Construction and Development Loans | 1.76 | ✓ | ||
| Commercial Real Estate | 44.13 | ✓ | ||
| Commercial and Industrial Loans | 9.93 | ✓ | ||
| Farm Loans | 0.11 | ✓ | ||
Customer Reviews for Montecito Bank & Trust
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