MountainOne Bank Reports – 97804

MountainOne Bank Financial Reports

Quater Ended: 2023-12-31

MountainOne Bank is a N/A located in North Adams, MA. Established on 01/01/1848, the bank is regulated by the FDIC and has 6 domestic offices. It operates in the Pittsfield, MA.

The bank has 180 employees and holds $995,167k in total assets. With a focus on community banking, the bank has been serving its customers since 01/01/1848.

Learn more about MountainOne Bank on Visbanking Report Portal. See pricing on Visbanking Pricing Page or request a demo on Request Demo Page. Follow us on Linkedin for more information about the US Banking System Visbanking Linkedin Page for the latest updates.

MountainOne Bank Institution Profile

Established Date 01/01/1848 Institution Class N/A
Primary Regulator FDIC Number of Domestic Offices 6
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 180 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 1247
Ownership Type Not Mutual City North Adams
State Alpha code MA State and County Number 25003
Subchapter S Corporations No Trust Powers N/A
Federal Reserve ID Number 1 Federal Reserve ID Number Description BOSTON
Office of The Comptroller District: NORTHEAST DISTRICT Office of Thrift Supervision Region Northeast
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 08/09/1989
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of MountainOne Bank with our “Institution Profile” table. The 01/01/1848 marks the bank’s inception, providing historical context. Categorized as a N/A, the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

6 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as North Adams, MA, and 1247 provide geographic context. Explore these attributes to gain a holistic view of MountainOne Bank in the financial landscape.

MountainOne Bank Financials

(USD, in thousands)

Total Assets 995,167 Total Liabilities 852,053
Total Equity Capital 143,114 Total Deposits 723,776
Net Loans and Leases 747,685 Total Interest Income 12,409
Total Noninterest Income 4,148 Total Interest Expense 4,610
Total Noninterest Expense 8,806 Tier 1 Risk-Based Capital Ratio 17
Net Loans and Leases to Core Deposits 166 Return on Assets 1
Return on Equity 6 Efficiency Ratio 73

Financial Performance Overview

Gain a comprehensive perspective on MountainOne Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $995,167k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $852,053k and total equity capital at $143,114k.

Delve into key operational metrics, including total deposits of $723,776k, net loans and leases at $748k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 16.8257, and Return on Assets at 0.81. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of MountainOne Bank’s performance and competitive positioning within the financial industry.

MountainOne Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) 24 Net Loans and Leases to Core Deposits 166
Tier 1 Risk-Based Capital Ratio 17 Securities Gains (Losses) 0
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 2
Yield on Earning Assets 6 Total Interest Income 12,409
Applicable Income Taxes 671 Loss Allowance to Loans and Leases 1
Net Loans and Leases 747,685 Loss Allowance to Noncurrent Loans and Leases 459
Noncurrent Loans to Loans 0 Net Income Attributable to Bank and Noncontrolling Interests 1,995
Net Interest Income 7,799 Net Interest Margin 4
Net Operating Income to Assets 1 Noninterest Income to Average Assets 2
Total Noninterest Income 4,148 Noninterest Expense to Average Assets 4
Total Noninterest Expense 8,806 Net Charge-Offs to Loans and Leases 0
All Other Assets 70,186 Other Real Estate Owned 0
Other borrowed funds 98,406 Pre-tax Net Operating Income 2,666
Pretax Return on Assets 1 Return on Assets 1
Retained Earnings to Average Equity (YTD only) 8

Insights into Financial Metrics

Enhance your understanding of MountainOne Bank’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $747,685k and Net Interest Income $7,799k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 16.8257 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.22 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$4,148k and evaluate operational efficiency using metrics like Efficiency Ratio: 72.86. This nuanced financial overview empowers a comprehensive analysis of MountainOne Bank’s strategic financial position and performance in the industry.

This table provides key financial information about MountainOne Bank. Get more data about MountainOne Bank on Visbanking Report Portal.