The Monticello Banking Company
Monticello, Kentucky, Wayne County
$1.1B in total assets, the 1,005th largest of 4,309 US banks and 16th of 120 headquartered in Kentucky.
- FDIC certificate
- 292
- Established
- 1895
- Owned by
- Monticello Bankshares Inc
- Primary regulator
- FED
- Website
- mbcbank.com
At a glance
Compared with 15 banks headquartered in Kentucky 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 | $1.1B | 7% | $2.0B | |
| Loans | $775M | 2% | $1.2B | |
| Deposits | $924M | 7% | $1.7B | |
| Return on assets | 1.08% | 20% | 1.32% | |
| Net interest margin | 3.68% | 40% | 3.83% | |
| Efficiency ratio | 69.8% | 93% | 54.6% | |
| Equity to assets | 8.65% | 20% | 10.28% | |
| Loans to deposits | 84% | 53% | 80% |
Growth
Total assets grew 1.5% a year over the last 5 years and 6.6% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Sep 2018 | Bluegrass Community Bank Danville, KY, an affiliate under the same holding company | $49M |
| Mar 2017 | The Bank of Harlan Harlan, KY, an affiliate under the same holding company | $129M |
| Sep 2002 | Bank of Clinton County, Inc. Albany, KY, an affiliate under the same holding company | $40M |
Where they operate
21 branches in 15 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Wayne County, KY | $366M | 71.8% | 1 of 4 |
| Pulaski County, KY | $185M | 9.8% | 4 of 12 |
| Harlan County, KY | $126M | 23.6% | 2 of 5 |
| Clinton County, KY | $62M | 23.5% | 3 of 3 |
| Warren County, KY | $39M | 1.0% | 16 of 22 |
| Boyle County, KY | $34M | 3.3% | 7 of 9 |
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 8 branches since 2016 (13 to 21, +61.5%). 6 opened, 5 acquired, 3 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 13 | |||
| 2017 | Acquired The Bank of Harlan | 3 | 0 | +3 | 16 |
| 2018 | Acquired Bluegrass Community Bank | 2 | 0 | +2 | 18 |
| 2019 | Opened Lexington and NicholasvilleClosed Perryville | 2 | 1 | +1 | 19 |
| 2020 | Closed Harlan | 0 | 1 | −1 | 18 |
| 2021 | Opened Louisville | 1 | 0 | +1 | 19 |
| 2022 | Opened London and Richmond | 2 | 0 | +2 | 21 |
| 2024 | Closed Bowling Green | 0 | 1 | −1 | 20 |
| 2026 through Q2 | Opened Frankfort | 1 | 0 | +1 | 21 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 37% | 32% | |
| Commercial real estate | 29% | 30% | |
| Construction and land | 11% | 9% | |
| Multifamily | 10% | 7% | |
| Farmland | 4% | 5% | |
| Business (C&I) | 4% | 10% | |
| Consumer | 2% | 5% | |
| Agricultural | 0% | 1% | |
| Other | 3% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 55% | 55% | |
| Time deposits | 39% | 22% | |
| Noninterest-bearing | 7% | 23% |
Brokered deposits are 3.4% of deposits (peers 2.4%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.11% | 0.30% |
| Net charge-offs, annualized | 0.01% | 0.02% |
| Reserves to loans | 1.19% | 1.18% |
| Leverage ratio | 10.17% | 10.85% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Kentucky
Largest competitors in Wayne County, KY
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/monticello