The Monticello Banking Company in Monticello, Kentucky (KY)
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| The Monticello Banking Company | |
|---|---|
| General | FDIC Certificate #: 292 Status: Active Federal Reserve ID: 266945 Bank Holding Company (Regulatory Top Holder): Monticello Bankshares, Inc. (RSSDID: 1097922, Location: Monticello, KY) Date Established: January 01, 1895 WWW: http://www.bankatmbc.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 12 (Domestic: 12, Interstate: No) OTS Docket #: 13745 FDIC's unique #: 236 Numeric code: 13 Regulator: FED 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: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 02, 2010 Last Structure Change Process Date: November 02, 2010 Last Data Update: November 02, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 50 North Main, Monticello, KY 42633 County: Wayne Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Lexington Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Southeast |
| History of Changes | Change in Primary Regulatory Agency Change in Supervisory Agency Institution Becomes a Member of FRS (Federal Reserve System) |
| Financial Summary | Total assets: $591.7 mil Equity capital: $54.1 mil Deposits held in domestic offices: $535.7 mil Return on assets (ROA): 0.64% ($3.8 mil) Quarterly return on assets: 0.62% ($3.7 mil) Return on Equity (ROE): 7.52% ($4.1 mil) Quarterly return on equity: 6.88% ($3.7 mil) Net income: $3.9 mil Quarterly Net income: $0.9 mil Pretax return on assets: 0.69% ($4,082.5 mil) Quarterly Pretax return on assets: 0.78% ($4,615.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 162 |
| Total assets | $591,665 |
| Cash and due from depository institutions | $56,027 |
| Interest-bearing balances | $39,869 |
| Securities | $139,289 |
| Federal funds sold & reverse repurchase agreements | $1 |
| Net loans & leases | $353,674 |
| Loan loss allowance | $6,810 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $14,365 |
| Other real estate owned | $2,437 |
| Goodwill and other intangibles | $66 |
| All other assets | $25,806 |
| Life insurance assets | $591,665 |
| Total liabilities and capital | $537,583 |
| Total liabilities | $535,687 |
| Total deposits | $510,695 |
| Interest-bearing deposits | $535,687 |
| Deposits held in domestic offices | $84 |
| % insured (estimated) | 709.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,187 |
| All other liabilities | $54,082 |
| Total equity capital | $54,082 |
| Total bank equity capital | $54,082 |
| Perpetual preferred stock | $0 |
| Common stock | $900 |
| Surplus | $16,100 |
| Undivided profits | $37,082 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $1,811 |
| Income earned, not collected on loans | $11,008 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,608 |
| Average Assets, year-to-date | $532,833 |
| Average Assets, quarterly | $196,048 |
| Volatile liabilities | $601,863 |
| Insider loans | $596,802 |
| FHLB advances | $392,444 |
| Loans and leases held for sale | $588,431 |
| Unused loan commitments | $9,700 |
| Tier 1 (core) risk-based capital | $9,700 |
| Tier 2 risk-based capital | $50,863 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $31,556 |
| Derivatives | $2,142 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $28,043 |
| Total interest expense | $8,660 |
| Net interest income | $19,383 |
| Provision for loan and lease losses | $4,590 |
| Total noninterest income | $4,456 |
| Fiduciary activities | $153 |
| Service charges on deposit accounts | $2,743 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,560 |
| Total noninterest expense | $15,859 |
| Salaries and employee benefits | $8,740 |
| Premises and equipment expense | $2,122 |
| Additional noninterest expense | $4,997 |
| Pre-tax net operating income | $3,390 |
| Securities gains (losses) | $784 |
| Applicable income taxes | $306 |
| Income before extraordinary items | $3,868 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,868 |
| Net charge-offs | $0 |
| Cash dividends | $3,868 |
| Sale, conversion, retirement of capital stock, net | $4,355 |
| Net operating income | $1,714 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.12% |
| Cost of funding earning assets | 1.58% |
| Net interest margin | 3.54% |
| Noninterest income to earning assets | 0.81% |
| Noninterest expense to earning assets | 2.90% |
| Net operating income to assets | 0.52% |
| Return on assets (ROA) | 0.64% |
| Pretax return on assets | 0.69% |
| Return on equity (ROE) | 7.52% |
| Retained earnings to average equity (YTD only) | 4.19% |
| Net charge-offs to loans | 1.17% |
| Credit loss provision to net charge-offs | 105.40% |
| Efficiency ratio | 1.83% |
| Assets per employee | $66,525 |
| Cash dividends to net income (YTD only) | 3.65% |
| Condition Ratios (%) | |
| Loss allowance to loans | 44.31% |
| Loss allowance to noncurrent loans | 1.89% |
| Noncurrent assets plus other real estate owned to assets | 61.86% |
| Noncurrent loans to loans | 2.27% |
| Net loans and leases to deposits | 3.05% |
| Net loans and leases to core deposits | 66.02% |
| Equity capital to assets | 76.01% |
| Core capital (leverage) ratio | 9.14% |
| Tier 1 risk-based capital ratio | 8.64% |
| Total risk-based capital ratio | 12.96% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $601,863 |
| Average equity | $51,430 |
| Average loans | $547,320 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $103,475 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $10,511 |
| Employee benefit-defined contribution accounts | $8,178 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $721 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $1,201 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $411 |
| Number of Accounts | 738 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $92,964 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $37,404 |
| 12 Kentucky Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 236 | The Monticello Banking Company | 50 North Main, Monticello, KY 42633 | January 01, 1895 | Full Service Brick and Mortar |  |
| 1 | 181472 | Tradeway Branch | 1450 North Main Street, Monticello, KY 42633 | April 22, 1975 | Full Service Brick and Mortar |  |
| 2 | 181473 | Downtown Branch | 95 North Main Street, Monticello, KY 42633 | September 15, 1978 | Full Service Brick and Mortar | |
| 3 | 181474 | Somerset North Branch | 475 East Highway 80, Somerset, KY 42501 | May 17, 1999 | Full Service Brick and Mortar | |
| 4 | 357492 | Bowling Green - Heartland Branch | 1050 Wilkinson Trace, Bowling Green, KY 42103 | July 17, 2000 | Full Service Brick and Mortar | |
| 5 | 362291 | Super Wal-Mart Branch | 175 Walmart Plaza Drive, Suite 3, Monticello, KY 42633 | September 18, 2001 | Full Service Retail | |
| 6 | 364273 | Russell County Branch | 2449 South Highway 127, Russell Springs, KY 42642 | Febuary 19, 2002 | Full Service Brick and Mortar | |
| 7 | 14517 | Clinton County Branch | 310 North Cross Street, Albany, KY 42602 | April 02, 1973 | Full Service Brick and Mortar | |
| 9 | 433030 | Somerset South Branch | 3653 South Highway 27, Somerset, KY 42501 | November 10, 2004 | Full Service Brick and Mortar | |
| 10 | 450920 | Casey County Branch | 611 North Wallace Wilkinson Blvd, Liberty, KY 42539 | April 26, 2006 | Full Service Brick and Mortar | |
| 12 | 469127 | Cave Mill Road Branch | 1840 Cave Mill Road, Bowling Green, KY 42104 | October 15, 2007 | Full Service Brick and Mortar | |
| 13 | 481878 | Glasgow Branch | 1414 Happy Valley Road, Glasgow, KY 42141 | October 21, 2008 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.