Mount Vernon Bank

Mount Vernon Bank is headquartered in Mount Vernon and is the 133^rd largest bank in the state of Georgia. It is also the 4,214^st largest bank in the nation. It was established in 1901 and as of March of 2012, it had grown to 30 employees at 3 locations. Mount Vernon Bank has a 4-star health rating.

Data for Q1 2012

Institution Statistics Mount Vernon Bank FDIC Certificate # 8028 BankRate Report View Year Established 1901 Employees 30 Primary Regulator FDIC Assets and Liabilities Assets $131.71 million Loans $65.49 million Deposits $117.77 million Equity Capital $11.53 million Loan Loss Allowance $871,000 Unbacked Noncurrent Loans $1.18 million Real Estate Owned $751,000 Historic Data - March 2011 Assets $122.26 million Equity Capital $10.80 million Loan Loss Allowance $820,000 Unbacked Noncurrent Loans $1.41 million Real Estate Owned $601,000 Profit Margin - Quarterly Net Interest Margin 3.3% Return on Assets 0.87% Return on Equity 9.76% Interest Income $1.35 million

Institution Health Overall Score: 4 out of 5 Texas Ratio 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 March 31, 2012 Mount Vernon Bank had $1.93 million in non-current loans and owned real-estate with $12.4 million in equity and loan loss allowances on hand to cover it. This gives Mount Vernon Bank a Texas Ratio of 15.56% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Mount Vernon Bank held steady from 17.31% as of March 31, 2011 to 15.56% as of March 31, 2012, resulting in a positive change of 10.10%.This indicates that the balance sheet and financial strength for Mount Vernon Bank has held steady in recent periods. Deposit Growth In the past year, Mount Vernon Bank has increased its total deposits by $8.82 million, resulting in 8.09% 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 Mount Vernon Bank has shown is excellent. Capitalization 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. Mount Vernon Bank has $131.71 million in assets with $12.4 million in equity, resulting in a capitalization level of 9.41%, which is average.

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