Monterey County Bank
Monterey, California · FDIC Cert #22460
Monterey County Bank is an FDIC-insured bank (Certificate #22460) with $195M in total assets and $165M in total deposits as of the Q2 2024 Call Report. Headquartered in Monterey, California, the bank maintains a Tier 1 capital ratio of 15.17% (Well-Capitalized) and a nonperforming loan ratio of 6.15%. BankHealthData assigns a composite Health Grade of C (60/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Monterey County Bank (FDIC cert 22460) is a community bank — $195M in total assets, $165M in deposits, serving the Monterey, California area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 15.17% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality shows stress: non-performing loan ratio of 6.15% is well above the peer median and signals significant credit-quality challenges. Banks in this range typically face heightened regulatory monitoring. Liquidity is very high: 49.1% of assets in liquid form, well above peer norms. Very high liquidity sometimes reflects a bank still building out its loan portfolio or one operating under specific regulatory liquidity requirements.
Profitability is negative: ROA of -1.20% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Monterey County Bank carries a composite BankHealth grade of C (60/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Monterey County Bank
- Total Assets
- $195M
- Total Deposits
- $165M
- Tier 1 Capital Ratio
- 15.17%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 6.15%
- Liquidity Ratio
- 49.10%
- Return on Assets
- -1.20%
- Headquarters
- Monterey, California
- FDIC Certificate
- #22460
- Health Grade
- C (60/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Monterey County Bank holds a Tier 1 capital ratio of 15.17%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Monterey County Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Monterey County Bank shows average financial health. While not alarming, its Health Score of 60/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Monterey County Bank Compares
Monterey County Bank’s Health Score of 60 is 12 points below the California state average of 72 across 123 FDIC-insured banks. Its 15.17% Tier 1 capital ratio is 1.2 points above the US banking industry average near 14%. The 6.15% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of -1.20% is below the national ROA benchmark of ~1.1%. Among 1520 similarly-sized banks, the average Health Score is 69, meaning this bank ranks below its size cohort. Site-wide, Monterey County Bank is 10 points below the portfolio average of 70.
Frequently Asked Questions
Monterey County Bank has a Bank Health Score of C (60/100), placing it in average financial health. It holds a Tier 1 capital ratio of 15.17%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Monterey County Bank's Tier 1 capital ratio of 15.17% and nonperforming loan ratio of 6.15% indicate an average risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Monterey County Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #22460). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Monterey County Bank holds $195M in total assets and $165M in total deposits. It is headquartered in Monterey, California (FDIC Certificate #22460).
Monterey County Bank has a Tier 1 capital ratio of 15.17%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 6.15%, and the return on assets is -1.20%.
Yes. Monterey County Bank is FDIC-insured (Certificate #22460). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Monterey County Bank's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.