Applications / Mortgage Analytics / Lenders / California / Montecito Bank & Trust
Santa Barbara, CA · State non-member bank · FDIC · $2.1 billion assets · 82 loans in 2025
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82
loans originated, 2025
140
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Montecito Bank & Trust makes big loans: its typical loan of $475,000 is nearly three times that of similar banks, and about a fifth of its loans are jumbo.
Similar lenders (state non-member banks making between half and twice as many loans) had a typical loan of $172,500; Montecito's was larger than all but about one in twenty of them, though its 82 loans matched their typical count. Jumbo loans (larger than the conforming limit) made up 19.4% of its lending, against 1.6% at peers. So its loans came to $61.4 million, against $22.5 million at similar banks.
It ranked 25 of 339 lenders in Santa Maria-Santa Barbara, with 1.0% of the dollars lent, down from 1.3%. It has lent there since at least 1990. United Wholesale Mortgage led the market, followed by Guaranteed Rate and JPMorgan Chase Bank. Its own lending rose, to $61.4 million from $55.1 million, so the smaller share may reflect more lending by rivals rather than any retreat.
Majority-minority neighborhoods took 54.9% of its loans, against 6.5% at similar banks, a higher share than all but about one in twenty. The share was 52.0% in 2024 and 23.5% in 2020. It may reflect where it lends, chiefly Santa Maria-Santa Barbara and Oxnard-Thousand Oaks-Ventura.
Purchases made up 72.0% of its loans and refinancing 22.0%. Every loan was conventional.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Montecito Bank & Trust took 140 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 72.0% · Refinance 22.0% · Home improvement 3.7% · Other 2.4%
Conventional 100.0% · of 82 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| California | 82 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Santa Maria-Santa Barbara | 63 |
| Oxnard-Thousand Oaks-Ventura | 12 |
| Los Angeles-Long Beach-Glendale | 7 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300A7BPOO2YO2YE30 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 514066 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 321956 | 1990–2017 |
Established 17 March 1975. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Montecito Bank & Trust's data.
Montecito Bank & Trust's data
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