2. Mount Vernon Bank and Trust Company

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 157th largest bank in the state of Iowa. It is also the 3,609th largest bank in the nation. It was established in 1884 and as of June of 2019, it had grown to 23 employees at 2 locations. Mount Vernon Bank and Trust Company's money market rates are 36% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #10494
Year Established1884
Employees23
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD8.12%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$130.9MM$122.3MM
LoansQ2 2019vs Q2 2018$93.2MM$85.3MM
DepositsQ2 2019vs Q2 2018$109.3MM$103.1MM
Equity CapitalQ2 2019vs Q2 2018$18.3MM$17.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$990.00K$987.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$0$89.00K
Real Estate OwnedQ2 2019vs Q2 2018$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
1.26%--Traditional IRA Account
0.20%--Regular Savings Account

Mount Vernon Bank and Trust Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$500k*-Money Market Plus
OTHER TIERS: 0.15% → $10k - $50k | 0.30% → $50k - $100k | 0.40% → $100k - $250k | 0.50% → $250k - $500k
0.35%*$100k*-Money Market
OTHER TIERS: 0.10% → $1k - $2.5k | 0.15% → $2.5k - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $100k

Mount Vernon Bank and Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$25k-eChecking
0.25%*$2.5k*-Consumer Super Now Account
OTHER TIERS: 0.10% → Up to $2.5k
0.25%*$10k*-Commercial Super Now
OTHER TIERS: 0.15% → Up to $10k
0.25%*$10k*-Institutional Super Now
OTHER TIERS: 0.15% → Up to $10k

Mount Vernon Bank and Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$2.5k-10 - 22 Month Flex-Term CD Special
1.75%$100-24 Month Young Savers CD
1.30%$500-48 Month CD
1.10%$500-36 Month CD
1.00%$500-30 Month CD
0.90%$500-24 Month CD
0.80%$500-18 Month CD
0.70%$500-12 Month CD
0.60%$2.5k-182 Day CD
0.20%$2.5k-91 Day CD

Mount Vernon Bank and Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%$250-60 Month Roth IRA
1.76%$250-36 Month Roth IRA
1.00%$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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