Monroe Bank & Trust


Monroe Bank & Trust is an FDIC insured institution headquartered at 102 East Front Street, Monroe, MI 48161.
It was founded in 1905 and has approximately $1 billion in assets. Customers can open an account at one of its 24 branches.

Deposit Rates - November 14, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 12181
Date Established 1905
Assets $ 1,325.16 million
Loans $ 761.79 million
Deposits $ 1,171.74 million
Capital $ 133.82 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 338.72 million
Interest-bearing balances $ 321.78 million
Total securities $ 118.55 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 761.79 million
Loan loss allowance $ 7.62 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.03 million
Goodwill and other intangibles N.A.
All other assets $ 78.48 million
     Total Assets $ 1,191.34 million

LIABILITIES
Total deposits $ 1,171.74 million
      Interest-bearing deposits $ 861.69 million
      Deposits held in domestic offices $ 1,171.74 million
      % insured (estimated) 67.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt N.A.
All other liabilities $ 9.60 millionn
      Total Liabilities $ 1,191.34 million
      Shareholders’ Equity $ 133.82 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 24.73 million
Total Interest Expense $ 1.25 million
Net interest income $ 23.47 million
Provision for loan and lease losses N.A.
Total non interest income $ 8.16 million
Total non interest expense $ 18.32 million
Pre-tax Net Operating Income $ 13.31 million

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Branches

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Monroe Bank & Trust Locations