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Mount Vernon Bank and Trust Company


Overview / Commentary
www.mountvernonbank.com
319-895-8835
206 First Street West
Mount Vernon, IA 52314

Mount Vernon Bank and Trust Company is headquartered in Mount Vernon and is the 147th largest bank in the state of Iowa. It is also the 3,245th largest bank in the nation. It was established in 1884 and as of March of 2022, it had grown to 21 employees at 2 locations. Mount Vernon Bank and Trust Company's savings rates are 8X the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q1 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #10494
Year Established1884
Employees21
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.38%
Return on Equity - YTD12.21%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$182.0MM$160.6MM
LoansQ1 2022vs Q1 2021$107.4MM$93.0MM
DepositsQ1 2022vs Q1 2021$157.5MM$139.2MM
Equity CapitalQ1 2022vs Q1 2021$19.1MM$20.3MM
Loan Loss AllowanceQ1 2022vs Q1 2021$1.1MM$1.0MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$345.00K$42.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mount Vernon Bank and Trust Company Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*-$2kFirst Time Home Buyers Savings
OTHER TIERS: 0.50% → $2k+
0.80%--Traditional IRA Account
0.10%--Regular Savings Account
0.10%--Commercial Savings Account

Mount Vernon Bank and Trust Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$1m*-Investment Money Market
OTHER TIERS: 0.20% → Up to $50k | 0.40% → $50k - $250k | 0.60% → $250k - $1m
0.40%*$1m*-Commercial Money Market
OTHER TIERS: 0.15% → Up to $50k | 0.25% → $50k - $100k | 0.30% → $100k - $250k | 0.35% → $250k - $1m
0.30%*$250k*-Money Market Plus
OTHER TIERS: 0.15% → $10k - $50k | 0.20% → $50k - $100k | 0.25% → $100k - $250k
0.25%*$100k*-Money Market
OTHER TIERS: 0.15% → $1k - $10k | 0.20% → $10k - $100k

Mount Vernon Bank and Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*-$25keChecking
OTHER TIERS: 0.15% → $25k+
0.40%*$1m*-Commercial Super Now
OTHER TIERS: 0.15% → Up to $50k | 0.20% → $50k - $100k | 0.25% → $100k - $250k | 0.30% → $250k - $1m
0.10%*$2.5k*-Consumer Super Now Account
OTHER TIERS: 0.05% → Up to $2.5k

Mount Vernon Bank and Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$100-24 Month Young Savers CD
2.00%$2.5k-15-20 Month Flex-term Special CD - New Money
1.90%$2.5k-15-20 Month Flex-term Special CD
1.00%$500-48 Month CD
0.90%$500-36 Month CD
0.80%$500-30 Month CD
0.70%$500-24 Month CD
0.60%$500-18 Month CD
0.50%$500-12 Month CD
0.40%$2.5k-182 Day CD
0.15%$2.5k-91 Day CD

Mount Vernon Bank and Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$250-60 Month Roth IRA
1.25%$250-36 Month Roth IRA
0.75%$250-12 Month Roth IRA
Locations


Mount Vernon Bank and Trust Company Locations
Mount Vernon Bank and Trust Company206 First Street WestMount Vernon, IA 52314
Drive-In Branch116 Third Avenue SouthMount Vernon, IA 52314

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