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Overview / Commentary
319-895-8200
302 Highway 1 South
Mount Vernon, IA 52314

Bridge Community Bank is headquartered in Mount Vernon and is the 234th largest bank in the state of Iowa. It is also the 5,246th largest bank in the nation. It was established in 1903 and as of December of 2013, it had grown to 19 employees at 3 locations. Bridge Community Bank's savings rates are 92% higher than the national average, and it has a A health rating.

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Health

Data for Q4 2013

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Bridge Community Bank has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Bridge Community Bank had $45,000 in non-current loans and owned real-estate with $8.09 million in equity and loan loss allowances on hand to cover it. This gives Bridge Community Bank a Texas Ratio of 0.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Bridge Community Bank decreased dramatically from 3.32% as of December 31, 2012 to 0.56% as of December 31, 2013, resulting in a positive change of 83.24%.This indicates that the balance sheet and financial strength for Bridge Community Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Bridge Community Bank has increased its total deposits by $3.65 million, resulting in 5.56% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bridge Community Bank has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bridge Community Bank has $79.52 million in assets with $8.09 million in equity, resulting in a capitalization level of 10.17%, which is above average.

Institution Statistics

Overall
FDIC Certificate #12717
Year Established1903
Employees19
Primary RegulatorFDIC
Assets and Liabilities
Assets$79.52 million
Loans$49.81 million
Deposits$69.36 million
Equity Capital$7.47 million
Loan Loss Allowance$615,000
Unbacked Noncurrent Loans$5,000
Real Estate Owned$40,000
Historic Data - December 2012
Assets$73.91 million
Equity Capital$7.26 million
Loan Loss Allowance$636,000
Unbacked Noncurrent Loans$5,000
Real Estate Owned$40,000
Profit Margin - Quarterly
Net Interest Margin3.5%
Return on Assets0.85%
Return on Equity8.8%
Interest Income$2.79 million
Rates

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Bridge Community Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%$50k-Individual Retirement Account (IRA)
0.30%--Regular Savings
0.30%--Youth Don't Spend Savings
0.30%--Christmas Club

Bridge Community Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Money Market Account
0.30%$50k-Money Market Plus

Bridge Community Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-NOW Account Plus
0.20%$1k-NOW Account
0.20%$2,500-Super NOW Account

Bridge Community Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.05%$500-48 Month CD
0.65%$500-30 Month CD
0.55%$500-18 Month CD
0.40%$500-12 Month CD

Bridge Community Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.05%$500-48 Month IRA
0.65%$500-30 Month IRA
0.55%$500-18 Month IRA
0.40%$500-12 Month IRA
Locations


Bridge Community Bank Locations
Mechanicsville Branch200 South Cherry StreetMechanicsville, IA 52306
Bridge Community Bank302 Highway 1 SouthMount Vernon, IA 52314
Bridge Community Bank - Solon Branch405 East 5th StreetSolon, IA 52333