Montecito Bank & Trust
Santa Barbara, California, Santa Barbara County
$2.0B in total assets, the 616th largest of 4,309 US banks and 44th of 120 headquartered in California.
- FDIC certificate
- 21956
- Established
- 1975
- Owned by
- Montecito Bcorp
- Primary regulator
- FDIC
- Website
- www.montecito.bank
At a glance
Compared with 51 banks headquartered in California with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $2.0B | 35% | $2.9B | |
| Loans | $1.4B | 39% | $2.1B | |
| Deposits | $1.7B | 35% | $2.4B | |
| Return on assets | 0.59% | 10% | 1.22% | |
| Net interest margin | 3.91% | 57% | 3.80% | |
| Efficiency ratio | 81.2% | 98% | 53.5% | |
| Equity to assets | 9.33% | 10% | 11.37% | |
| Loans to deposits | 80% | 32% | 90% |
Growth
Total assets grew -1.6% a year over the last 5 years and 4.7% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 2001 | Valley Oaks National Bank Solvang, CA | $67M |
Where they operate
16 branches in 2 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Santa Barbara County, CA | $1.5B | 10.4% | 5 of 20 |
| Ventura County, CA | $259M | 1.1% | 11 of 21 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 6 branches since 2016 (10 to 16, +60.0%). 7 opened, 0 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 10 | |||
| 2018 | Opened 3 in California | 3 | 0 | +3 | 13 |
| 2019 | Opened Santa Barbara | 1 | 0 | +1 | 14 |
| 2020 | Opened Westlake VillageClosed Westlake Village | 1 | 1 | 0 | 14 |
| 2023 | Opened Oxnard and Santa Maria | 2 | 0 | +2 | 16 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 40% | 48% | |
| 1-4 family residential | 27% | 14% | |
| Multifamily | 18% | 13% | |
| Business (C&I) | 9% | 15% | |
| Consumer | 2% | 2% | |
| Construction and land | 1% | 3% | |
| Farmland | 0% | 2% | |
| Other | 3% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 40% | 49% | |
| Noninterest-bearing | 40% | 28% | |
| Time deposits | 19% | 23% |
Brokered deposits are 0.0% of deposits (peers 4.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.17% | 0.48% |
| Net charge-offs, annualized | 0.02% | 0.06% |
| Reserves to loans | 0.97% | 1.28% |
| Leverage ratio | 11.29% | 11.65% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in California
Largest competitors in Santa Barbara County, CA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/montecito