Bank Of Monticello Mortgage Rates, Fees & Info

Monticello, GA

LEI: 549300TAFYLARKCKJ639

Tax ID: 58-0356515

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Bank Of Monticello is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    22

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 20.0%
    BANK OF THE WEST VA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 2 6.7%
    BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 3 10.0%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 4 13.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 6.7%
    BANK OF THE WEST FHA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 2 6.7%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 16.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 1 3.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Monticello 141 Green Street Monticello, GA 31064 Full Service B&M $135,573

    For 2021, Bank Of Monticello had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,901
    Net interest income $5,429
    Total noninterest income $577
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $169
    Trading account gains and fees $0
    Additional Noninterest Income $408
    Pre-tax net operating income $2,556
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,556
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,556
    Minority interest net income $0
    Net income $2,556
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,556

    Bank Of Monticello's gross interest income from loans was $5,901,000.
    Bank Of Monticello's net interest income from loans was $5,429,000.
    Bank Of Monticello's fee based income from loans was $169,000.
    Bank Of Monticello's net income from loans was $2,556,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $472
    Provision for credit losses $90
    Total noninterest expense $3,360
    Salaries and employee benefits $1,691
    Premises and equipment expense $323
    Additional noninterest expense $1,346
    Applicable income taxes $0
    Net charge-offs $-54
    Cash dividends $714

    Bank Of Monticello's interest expense for loans was $472,000.
    Bank Of Monticello's payroll and benefits expense were $1,691,000.
    Bank Of Monticello's property, plant and equipment expenses $323,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $145,536
    Deposits held in domestic offices $145,536
    Deposits by Individuals, partnerships, and corporations $124,918
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,618
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $54,981
    Demand deposits $32,243
    Nontransaction accounts $90,555
    Money market deposit accounts (MMDAs) $45,740
    Other savings deposits (excluding MMDAs) $17,001
    Total time deposits $27,813
    Total time and savings deposits $113,293
    Noninterest-bearing deposits $32,243
    Interest-bearing deposits $113,293
    Retail deposits $143,366
    IRAs and Keogh plan accounts $5,822
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $160,983
    Cash & Balances due from depository institutions $54,292
    Interest-bearing balances $53,810
    Total securities $21,673
    Federal funds sold & reverse repurchase $1,205
    Net loans and leases $79,771
    Loan and leases loss allowance $1,153
    Trading account assets $0
    Bank premises and fixed assets $911
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $3,131

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $160,983
    Total Liabilities $146,533
    Total deposits $145,536
    Interest-bearing deposits $113,293
    Deposits held in domestic offices $145,536
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $997

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $79,771
    Loan and leases loss allowance $1,153
    Total loans and leases (domestic) $80,924
    All real estate loans $62,947
    Real estate loans in domestic offices $62,947
    Construction and development loans $17,762
    Residential 1-4 family construction $8,430
    Other construction, all land development and other land $9,332
    Loans secured by nonfarm nonresidential properties $10,813
    Nonfarm nonresidential secured by owner-occupied properties $9,464
    Commercial real estate & other non-farm, non-residential $1,349
    Multifamily residential real estate $775
    1-4 family residential loans $32,219
    Farmland loans $1,378
    Loans held in foreign offices $0
    Farm loans $597
    Commercial and industrial loans $9,441
    To non-U.S. addressees $0
    Loans to individuals $7,939
    Credit card loans $0
    Related Plans $67
    Consumer Auto Loans $3,264
    Other loans to individuals $4,608
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $325
    Non 1-4 family restructured loans & leases $325
    Total loans and leases (foreign) $0

    Bank of Monticello had $79,771,000 of loans outstanding in 2021. $62,947,000 of loans were in real estate loans. $17,762,000 of loans were in development loans. $775,000 of loans were in multifamily mortgage loans. $32,219,000 of loans were in 1-4 family mortgage loans. $597,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,264,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 59 $10,699 $181,339
    Nonfarm, nonresidential loans - <$100k 24 $859 $35,792
    Nonfarm, nonresidential loans - $100-250k 17 $2,307 $135,706
    Nonfarm, nonresidential loans - $250k-1MM 18 $7,533 $418,500
    Commercial & Industrial, US addressed loans - <$1MM 142 $6,817 $48,007
    Commercial & Industrial, US addressed loans - <$100k 121 $3,372 $27,868
    Commercial & Industrial, US addressed loans - $100-250k 13 $1,287 $99,000
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $2,158 $269,750
    Farmland loans - <$1MM 2 $301 $150,500
    Farmland loans - $100-250k 2 $301 $150,500
    Agriculture operations loans - <$1MM 17 $597 $35,118
    Agriculture operations loans - <$100k 15 $415 $27,667
    Agriculture operations loans - $100-250k 2 $182 $91,000