The Monticello Banking Company in Monticello, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Monticello Banking Company - Overview

  • 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
    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)

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
  • 162Total employees (full-time equivalent)
  • $591,665Total assets
  • $56,027Cash and due from depository institutions
  • $39,869Interest-bearing balances
  • $139,289Securities
  • $1Federal funds sold & reverse repurchase agreements
  • $353,674Net loans & leases
  • $6,810Loan loss allowance
  • $0Trading account assets
  • $14,365Bank premises and fixed assets
  • $2,437Other real estate owned
  • $66Goodwill and other intangibles
  • $591,665Life insurance assets
  • $25,806All other assets
  • $537,583Total liabilities and capital
  • $535,687Total liabilities
  • $510,695Total deposits
  • $535,687Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 709.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,187Subordinated debt
  • $54,082All other liabilities
  • $54,082Total equity capital
  • $54,082Total bank equity capital
  • $0Perpetual preferred stock
  • $900Common stock
  • $16,100Surplus
  • $37,082Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,811Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,008Income earned, not collected on loans
  • $0Earning assets
  • $2,608Long-term assets (5+ years)
  • $532,833Average Assets, year-to-date
  • $196,048Average Assets, quarterly
  • $601,863Volatile liabilities
  • $596,802Insider loans
  • $392,444FHLB advances
  • $588,431Loans and leases held for sale
  • $9,700Unused loan commitments
  • $9,700Tier 1 (core) risk-based capital
  • $50,863Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,556Restructured Loans and leases
  • $2,142Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,043Total interest income
  • $8,660Total interest expense
  • $19,383Net interest income
  • $4,590Provision for loan and lease losses
  • $4,456Total noninterest income
  • $153Fiduciary activities
  • $2,743Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,560Additional noninterest income
  • $15,859Total noninterest expense
  • $8,740Salaries and employee benefits
  • $2,122Premises and equipment expense
  • $4,997Additional noninterest expense
  • $3,390Pre-tax net operating income
  • $784Securities gains (losses)
  • $306Applicable income taxes
  • $3,868Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,868Net income attributable to bank
  • $0Net charge-offs
  • $3,868Cash dividends
  • $4,355Sale, conversion, retirement of capital stock, net
  • $1,714Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 1.58%Cost of funding earning assets
  • 3.54%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 2.90%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 7.52%Return on equity (ROE)
  • 4.19%Retained earnings to average equity (YTD only)
  • 1.17%Net charge-offs to loans
  • 105.40%Credit loss provision to net charge-offs
  • 1.83%Efficiency ratio
  • 66,525Assets per employee
  • 3.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 44.31%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 61.86%Noncurrent assets plus other real estate owned to assets
  • 2.27%Noncurrent loans to loans
  • 3.05%Net loans and leases to deposits
  • 66.02%Net loans and leases to core deposits
  • 76.01%Equity capital to assets
  • 9.14%Core capital (leverage) ratio
  • 8.64%Tier 1 risk-based capital ratio
  • 12.96%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $601,863Average earning assets
  • $51,430Average equity
  • $547,320Average 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
  • $103,475Managed Assets
  • 1Number of Accounts
  • $10,511Personal trust and agency accounts
  • $8,178Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $721Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,201Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $411Non-managed Assets
  • 738Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $92,964Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $37,404Fiduciary accounts held in foreign offices

List of branches

  • 12 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0236The Monticello Banking Company50 North Main, Monticello, KY 42633January 01, 1895Full Service Brick and Mortar
    1181472Tradeway Branch1450 North Main Street, Monticello, KY 42633April 22, 1975Full Service Brick and Mortar
    2181473Downtown Branch95 North Main Street, Monticello, KY 42633September 15, 1978Full Service Brick and Mortar
    3181474Somerset North Branch475 East Highway 80, Somerset, KY 42501May 17, 1999Full Service Brick and Mortar
    4357492Bowling Green - Heartland Branch1050 Wilkinson Trace, Bowling Green, KY 42103July 17, 2000Full Service Brick and Mortar
    5362291Super Wal-Mart Branch175 Walmart Plaza Drive, Suite 3, Monticello, KY 42633September 18, 2001Full Service Retail
    6364273Russell County Branch2449 South Highway 127, Russell Springs, KY 42642Febuary 19, 2002Full Service Brick and Mortar
    714517Clinton County Branch310 North Cross Street, Albany, KY 42602April 02, 1973Full Service Brick and Mortar
    9433030Somerset South Branch3653 South Highway 27, Somerset, KY 42501November 10, 2004Full Service Brick and Mortar
    10450920Casey County Branch611 North Wallace Wilkinson Blvd, Liberty, KY 42539April 26, 2006Full Service Brick and Mortar
    12469127Cave Mill Road Branch1840 Cave Mill Road, Bowling Green, KY 42104October 15, 2007Full Service Brick and Mortar
    13481878Glasgow Branch1414 Happy Valley Road, Glasgow, KY 42141October 21, 2008Full Service Brick and Mortar

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