The First National Bank of Monterey
Also written as FNB of Monterey
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Data as of · sourced from FFIEC call reports. How we update
The First National Bank of Monterey is an FDIC-insured commercial bank headquartered in Monterey, IN, established in 1910 (FDIC certificate 4364), and it is supervised by the OCC. At Q2 2026 it reported total assets of $430.5M, up 3.6% from Q2 2025, the 47th largest of 87 banks headquartered in Indiana. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.13% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 4364
- Headquarters
- Monterey, IN
- Established
- 1910
- Total assets, Q2 2026
- $430.5M
- Assets vs Q2 2025
- +3.6%
- Tier 1 leverage ratio, Q2 2026
- 13.13%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 074908426
- Latest call report
- Q2 2026, FFIEC 051 · The First National Bank of Monterey call report
- Asset rank in state
- 47th of 87 in Indiana
The First National Bank of Monterey, based in Monterey, Indiana, reported $431 million in assets at June 30, 2026, up 3.6% from a year earlier. It keeps 2.99 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,627 banks with $100 million to $1 billion in assets (median 3.96 cents). On the other hand, it holds commercial real estate loans equal to only 13% of its capital, a small fraction of the median of 1.2 times for banks its size.
Earnings jumped: net income for the quarter was $1.2 million, 31% above the same quarter a year earlier. Over the same year, loans grew 8.3% and deposits grew 2.1%. Funding is the softer spot: it pays an average of 2.36% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, The First National Bank of Monterey reported a return on assets of 1.06%, a nonperforming-loan ratio of 0.37% and a Texas ratio of 1.77%. The figures come from its call report filed with the FFIEC.
Of the 87 banks headquartered in Indiana, The First National Bank of Monterey is the 47th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 0.2% to $430.5M, loans rose 5.9% and deposits rose 0.4%. Farmland and other real estate loans made up 43.7% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 21.7%. Its 4 offices in the FDIC Summary of Deposits are in 4 cities in IN; its Winamac office books 48% of its branch deposits. Judged on its Q2 2026 call report, The First National Bank of Monterey meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 6222 E Main St, Monterey, IN 46960
- County
- Pulaski
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- August 1, 1910
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 48
- Domestic deposits
- $379.8M
- Allowance for credit losses
- $4.7M
- Net charge-offs (YTD)
- -$5K
- Average total assets
- $445.4M
- Average total loans
- $243.2M
- Average interest-bearing deposits
- $302.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 4364
- Fed RSSD
- 44040
- Website
- www.fnbmonterey.com →
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, The First National Bank of Monterey reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
The First National Bank of Monterey's total assets moved between a low of $380.5M (Q3 2023) and a high of $430.5M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$430.5M total assets against $415.5M; $381.8M total liabilities against $373.7M.
$246.3M net loans and leases against $226.9M; $379.8M total deposits against $371.9M.
$148.8M securities against $149.1M; $18.0M cash and balances due against $21.8M.
$5.3M total interest income against $5.0M; $2.1M total interest expense against $2.3M.
$3.2M net interest income against $2.7M.
$214K total noninterest income against $196K; $1.9M total noninterest expense against $1.8M.
No provision recorded in the last 12 quarters.
$1.2M net income against $903K.
1.06% return on assets against 0.83%; 2.99% net interest margin against 2.60%.
13.13% tier 1 leverage ratio against 12.64%.
Inside the full The First National Bank of Monterey terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe First National Bank of Monterey rankings
Its closest position to the top of a national ranking is 1,347 of 3,606, for efficiency ratio; its furthest is 2,365 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.53% (Q4 2024) to 1.06% (Q2 2026) and its net interest margin ran from 2.17% (Q3 2024) to 2.99% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.13% | 1.06% | 0.37% | 1.77% | 2.99% |
| Q1 2026 | 13.13% | 1.06% | 0.53% | 2.45% | 2.90% |
| Q4 2025 | 12.89% | 1.04% | 0.34% | 1.79% | 2.87% |
| Q3 2025 | 12.93% | 0.80% | 0.38% | 1.79% | 2.70% |
| Q2 2025 | 12.64% | 0.83% | 0.22% | 1.11% | 2.60% |
| Q1 2025 | 12.66% | 0.66% | 0.23% | 1.10% | 2.45% |
| Q4 2024 | 12.51% | 0.53% | 0.43% | 2.28% | 2.32% |
| Q3 2024 | 12.77% | 0.54% | 0.13% | 0.63% | 2.17% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Winamac Branch | Winamac , IN | 46996 | $181.6M |
| The First National Bank of Monterey | Monterey , IN | 46960 | $80.0M |
| North Judson Branch | North Judson , IN | 46366 | $73.0M |
| Culver Branch | Culver , IN | 46511 | $45.1M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in IN, rank 65 of 129 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $195K approved, $195K average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1991 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about The First National Bank of Monterey
What are The First National Bank of Monterey's total assets?
As of the Q2 2026 filing, The First National Bank of Monterey reported total assets of $430.5 million in its FFIEC call report.
Where is The First National Bank of Monterey headquartered?
It is headquartered in Monterey, IN, United States.
When was The First National Bank of Monterey founded?
It was established in 1910, per the FDIC institution directory.
Is The First National Bank of Monterey FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #4364). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The First National Bank of Monterey?
The First National Bank of Monterey's primary federal regulator is the OCC.
How many branches does The First National Bank of Monterey operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The First National Bank of Monterey's Texas Ratio?
Its Texas Ratio is 1.77% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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