Montecito Bank & Trust in Santa Barbara, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Montecito Bank & Trust in Santa Barbara, California (CA)
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Montecito Bank & Trust - Overview

  • General
  • FDIC Certificate #: 21956
    Status: Active
    Federal Reserve ID: 514066
    Bank Holding Company (Regulatory Top Holder): Montecito Bancorp (RSSDID: 1138919, Location: Santa Barbara, CA)
    Date Established: March 17, 1975
    WWW: http://www.montecito.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 9, Interstate: No)
    OTS Docket #: 12016
    FDIC's unique #: 15220
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 17, 1975
    Last Structure Change Effective Date: April 07, 2009
    Last Structure Change Process Date: April 07, 2009
    Last Data Update: April 07, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1000 State Street, Santa Barbara, CA 93101
    County: Santa Barbara
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (West)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Santa Barbara-Santa Maria-Lompoc, CA (#7480)
    Core Based Statistical Area (CBSA): Santa Barbara-Santa Maria-Goleta, CA (#42060)
    CBSA Metro Statistical Area: Santa Barbara-Santa Maria-Goleta, CA (#42060)
  • Financial Summary
  • Total assets: $1,018.4 mil
    Equity capital: $108.0 mil
    Deposits held in domestic offices: $875.7 mil
    Return on assets (ROA): 1.26% ($12.8 mil)
    Quarterly return on assets: 1.22% ($12.4 mil)
    Return on Equity (ROE): 12.33% ($13.3 mil)
    Quarterly return on equity: 11.60% ($12.5 mil)
    Net income: $12.4 mil
    Quarterly Net income: $3.1 mil
    Pretax return on assets: 1.31% ($13,341.4 mil)
    Quarterly Pretax return on assets: 1.26% ($12,832.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 163Total employees (full-time equivalent)
  • $1,018,427Total assets
  • $26,385Cash and due from depository institutions
  • $3,175Interest-bearing balances
  • $439,930Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $508,586Net loans & leases
  • $11,890Loan loss allowance
  • $0Trading account assets
  • $5,057Bank premises and fixed assets
  • $11,596Other real estate owned
  • $7,319Goodwill and other intangibles
  • $1,018,427Life insurance assets
  • $19,554All other assets
  • $910,395Total liabilities and capital
  • $875,736Total liabilities
  • $846,157Total deposits
  • $875,736Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $24,500Trading liabilities
  • $0Other borrowed funds
  • $10,159Subordinated debt
  • $108,032All other liabilities
  • $108,032Total equity capital
  • $108,032Total bank equity capital
  • $0Perpetual preferred stock
  • $1,201Common stock
  • $23,458Surplus
  • $83,373Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $21,278Income earned, not collected on loans
  • $475Earning assets
  • $5,393Long-term assets (5+ years)
  • $951,691Average Assets, year-to-date
  • $362,714Average Assets, quarterly
  • $980,040Volatile liabilities
  • $1,021,071Insider loans
  • $841,130FHLB advances
  • $1,018,398Loans and leases held for sale
  • $5,035Unused loan commitments
  • $4,101Tier 1 (core) risk-based capital
  • $91,972Tier 2 risk-based capital
  • $934Total risk weighted assets
  • $0Total unused commitments
  • $169,732Restructured Loans and leases
  • $2,819Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $41,502Total interest income
  • $3,608Total interest expense
  • $37,894Net interest income
  • $2,250Provision for loan and lease losses
  • $6,964Total noninterest income
  • $3,929Fiduciary activities
  • $936Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,099Additional noninterest income
  • $31,796Total noninterest expense
  • $16,582Salaries and employee benefits
  • $5,507Premises and equipment expense
  • $9,707Additional noninterest expense
  • $10,812Pre-tax net operating income
  • $1,990Securities gains (losses)
  • $439Applicable income taxes
  • $12,363Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,363Net income attributable to bank
  • $0Net charge-offs
  • $12,363Cash dividends
  • $1,419Sale, conversion, retirement of capital stock, net
  • $6,130Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.51%Yield on earning assets
  • 0.39%Cost of funding earning assets
  • 4.11%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 1.06%Net operating income to assets
  • 1.26%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 12.33%Return on equity (ROE)
  • 6.21%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 158.56%Credit loss provision to net charge-offs
  • 9.21%Efficiency ratio
  • 70,881Assets per employee
  • 6.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.58%Loss allowance to loans
  • 2.28%Loss allowance to noncurrent loans
  • 55.88%Noncurrent assets plus other real estate owned to assets
  • 3.23%Noncurrent loans to loans
  • 4.09%Net loans and leases to deposits
  • 58.08%Net loans and leases to core deposits
  • 59.53%Equity capital to assets
  • 10.61%Core capital (leverage) ratio
  • 9.03%Tier 1 risk-based capital ratio
  • 10.93%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $980,040Average earning assets
  • $100,301Average equity
  • $921,190Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $576,895Managed Assets
  • 1Number of Accounts
  • $574,761Personal trust and agency accounts
  • $161,808Employee benefit-defined contribution accounts
  • $8,388Employee benefit-defined benefit accounts
  • $3,412Other retirement accounts
  • $24,048Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $371,294Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $5,811Non-managed Assets
  • 475Number of Accounts
  • $0Personal trust and agency accounts
  • $24,048Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,134Other retirement accounts
  • $578Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,556Fiduciary accounts held in foreign offices

List of branches

  • 10 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015220Montecito Bank & Trust1000 State Street, Santa Barbara, CA 93101March 17, 1975Full Service Brick and Mortar
    1253795Montecito Branch1106-A Coast Village Road, Montecito, CA 93108January 27, 1978Full Service Brick and Mortar
    2253796Goleta Branch5658 Calle Real, Goleta, CA 93117November 01, 1979Full Service Brick and Mortar
    3253797La Cumbre Branch3802 State Street, Santa Barbara, CA 93105October 19, 1981Full Service Brick and Mortar
    4253798Carpinteria Branch1023 Casitas Pass Road, Carpinteria, CA 93013January 06, 1986Full Service Brick and Mortar
    547439Valley Oaks Branch591 Alamo Pintado Road, Solvang, CA 93463Febuary 28, 1992Full Service Brick and Mortar
    6289764Santa Ynez Valley Mesngr Ser Branch591 Alamo Pintado Road, Solvang, CA 93463August 23, 1993Limited Service Messenger
    7442493Westlake Village Branch968 South Westlake Blvd., Suite 10, Westlake Village, CA 91361August 16, 2004Full Service Retail
    8474038Ventura Branch4730 Telephone Road, Ventura, CA 93003April 21, 2008Full Service Brick and Mortar
    9528034Hollister Branch6900 Hollister Avenue, Goleta, CA 93117January 23, 2012Full Service Brick and Mortar

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