Montecito Bank & Trust

Established in 1975

About Montecito Bank & Trust

Montecito Bank & Trust was established on 1975. The bank's headquarters are located at 1000 State Street in Santa Barbara, California.

Montecito Bank & Trust is an FDIC insured bank with FDIC number 21956 managing assets to the value of $1,952,638 as of 12/31/2020.

Montecito Bank & Trust has a Texas ratio of 5.26%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

5.26%
Texas Ratio
FDIC Certificate #

21956

Active Insured Since #

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $1,952,638
Equity Capital $188,825
Total Deposits $1,732,862
Total Liabilities $1,763,813
Total Securities $469,757
Net Loans And Leases $1,303,054
Loan Loss Allowance $14,555
Total Loans And Leases $1,323,845
YTD (as of 12/31/2020)
Return On Assets 0.67%
Return On Equity 6.58%
Total Interest Income $63,821
Total Interest Expense $3,130
Total Non Interest Income $10,940
Total Non Interest Expense $54,701

Headquarters

1000 State Street 93101, Santa Barbara

Montecito Bank & Trust branches near me

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Total Loans and Leases Statistics

Total Loans and Leases $1,323,845 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

Montecito Bank & Trust Mortgage Loans Profile

Classic Bank

59.33%

Application Approval Rate

Classic Bank

$13,153,468

Average Mortgage Loan Amount

Classic Bank

209

Number of Loan Applications

Classic Bank

$375,034

Average Income of Applicants with Approved Loans

Classic Bank

0.00%

Average Cost of Loans

Classic Bank

0.00%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 Santa Barbara

Number of Loan Applications
126
Average Loan Amount
$5,272,037
Approval Rate
64.29%
Average Income of Approved Loans’ Applicants
$401,772

2 Ventura

Number of Loan Applications
58
Average Loan Amount
$27,706,667
Approval Rate
51.72%
Average Income of Approved Loans’ Applicants
$293,333

3 Los Angeles

Number of Loan Applications
9
Average Loan Amount
$1,353,333
Approval Rate
66.67%
Average Income of Approved Loans’ Applicants
$785,000

4 San Luis Obispo

Number of Loan Applications
3
Average Loan Amount
$555,000
Approval Rate
33.33%
Average Income of Approved Loans’ Applicants
$0

5 Kern

Number of Loan Applications
2
Average Loan Amount
$565,000
Approval Rate
50.00%
Average Income of Approved Loans’ Applicants
$161,000

6 Alameda

Number of Loan Applications
2
Average Loan Amount
$0
Approval Rate
0.00%
Average Income of Approved Loans’ Applicants
$0

Top States by Number of Mortgage Loan Applications

1 California

Number of Loan Applications
208
Average Loan Amount
$13,244,106
Approval Rate
59.13%
Average Income of Approved Loans’ Applicants
$375,034

2 Washington

Number of Loan Applications
1
Average Loan Amount
$2,005,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$0