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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 155th largest bank in the state of Iowa. It is also the 3,438th largest bank in the nation. It was established in 1884 and as of December of 2020, it had grown to 23 employees at 2 locations. Mount Vernon Bank and Trust Company has an A+ health rating.

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Health
A+

Data as of Q4 2020

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Health Grade Components

Overall
FDIC Certificate #10494
Year Established1884
Employees23
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD8%
Annual Interest Income$5.3MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$157.3MM$130.7MM
LoansQ4 2020vs Q4 2019$90.8MM$92.8MM
DepositsQ4 2020vs Q4 2019$136.6MM$111.7MM
Equity CapitalQ4 2020vs Q4 2019$20.1MM$18.7MM
Loan Loss AllowanceQ4 2020vs Q4 2019$1.0MM$987.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$0$373.00K
Real Estate OwnedQ4 2020vs Q4 2019$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
0.80%--Traditional IRA Account
0.10%--Regular Savings Account

Mount Vernon Bank and Trust Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$250k*-Money Market Plus
OTHER TIERS: 0.10% → $10k - $50k | 0.15% → $50k - $250k
0.15%*$100k*-Money Market
OTHER TIERS: 0.10% → $1k - $100k

Mount Vernon Bank and Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%-$25keChecking
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
0.70%$500-48 Month CD
0.60%$500-36 Month CD
0.50%$500-30 Month CD
0.40%$500-24 Month CD
0.35%$500-18 Month CD
0.30%$500-12 Month CD
0.20%$2.5k-182 Day CD
0.10%$2.5k-91 Day CD

Mount Vernon Bank and Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$250-60 Month Roth IRA
0.70%$250-36 Month Roth IRA
0.40%$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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