The Bank of Vernon

The Bank of Vernon is headquartered in Vernon and is the 75^th largest bank in the state of Alabama. It is also the 3,836^th largest bank in the nation. It was established in 1911 and as of March of 2012, it had grown to 30 employees at 2 locations. The Bank of Vernon has a 3-star health rating.

Data for Q1 2012

Institution Statistics The Bank of Vernon FDIC Certificate # 51 BankRate Report View Year Established 1911 Employees 30 Primary Regulator FDIC Assets and Liabilities Assets $152.30 million Loans $109.22 million Deposits $130.07 million Equity Capital $19.30 million Loan Loss Allowance $4.46 million Unbacked Noncurrent Loans $9.51 million Real Estate Owned $4.80 million Historic Data - March 2011 Assets $168.50 million Equity Capital $19.14 million Loan Loss Allowance $5.29 million Unbacked Noncurrent Loans $10.58 million Real Estate Owned $5.06 million Profit Margin - Quarterly Net Interest Margin 5.06% Return on Assets 1.36% Return on Equity 10.97% Interest Income $2.21 million

Institution Health Overall Score: 3 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 The Bank of Vernon had $14.31 million in non-current loans and owned real-estate with $23.76 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Vernon a Texas Ratio of 60.23% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The Bank of Vernon held steady from 64.02% as of March 31, 2011 to 60.23% as of March 31, 2012, resulting in a positive change of 5.93%.This indicates that the balance sheet and financial strength for The Bank of Vernon has held steady in recent periods. Deposit Growth In the past year, The Bank of Vernon has decreased its total deposits by -$16.68 million, resulting in -11.37% 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 The Bank of Vernon has shown is poor. 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. The Bank of Vernon has $152.3 million in assets with $23.76 million in equity, resulting in a capitalization level of 15.60%, which is excellent.

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