The First National Bank of Mount Vernon

The First National Bank of Mount Vernon is headquartered in Mount Vernon and is the 279^th largest bank in the state of Texas. It is also the 3,507^th largest bank in the nation. It was established in 1900 and as of March of 2012, it had grown to 33 employees at 3 locations. The First National Bank of Mount Vernon has a 4-star health rating.

Data for Q1 2012

Institution Statistics The First National Bank of Mount Vernon FDIC Certificate # 3355 BankRate Report View Year Established 1900 Employees 33 Primary Regulator OCC Assets and Liabilities Assets $171.67 million Loans $57.69 million Deposits $133.83 million Equity Capital $19.30 million Loan Loss Allowance $853,000 Unbacked Noncurrent Loans $1.09 million Real Estate Owned $1.11 million Historic Data - March 2011 Assets $144.23 million Equity Capital $16.00 million Loan Loss Allowance $785,000 Unbacked Noncurrent Loans $77,000 Real Estate Owned $120,000 Profit Margin - Quarterly Net Interest Margin 3.16% Return on Assets 2.39% Return on Equity 20.62% Interest Income $1.70 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 The First National Bank of Mount Vernon had $2.2 million in non-current loans and owned real-estate with $20.16 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Mount Vernon a Texas Ratio of 10.92% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The First National Bank of Mount Vernon increased slightly from 0.97% as of March 31, 2011 to 10.92% as of March 31, 2012, resulting in a negative change of 1,031.60%. This indicates that the balance sheet and financial strength for The First National Bank of Mount Vernon has declined slightly in recent periods. Deposit Growth In the past year, The First National Bank of Mount Vernon has increased its total deposits by $13.65 million, resulting in 11.36% 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 First National Bank of Mount Vernon 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. The First National Bank of Mount Vernon has $171.67 million in assets with $20.16 million in equity, resulting in a capitalization level of 11.74%, which is above average.

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