Mount Vernon Bank and Trust Company

Overview / Commentary
206 First Street West
Mount Vernon, IA 52314

Mount Vernon Bank and Trust Company is headquartered in Mount Vernon and is the 159th largest bank in the state of Iowa. It is also the 3,613th largest bank in the nation. It was established in 1884 and as of September 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 Grade Components

FDIC Certificate #10494
Year Established1884
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD8.02%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$130.6MM$123.9MM
LoansQ3 2019vs Q3 2018$95.0MM$86.3MM
DepositsQ3 2019vs Q3 2018$109.4MM$104.5MM
Equity CapitalQ3 2019vs Q3 2018$18.4MM$16.9MM
Loan Loss AllowanceQ3 2019vs Q3 2018$990.00K$1.0MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$31.00K$4.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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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

1.15%--Traditional IRA Account
0.20%--Regular Savings Account

Mount Vernon Bank and Trust Company Money Market Rates

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

OTHER TIERS: 0.40% $25k+
0.25%*$2.5k*-Consumer Super Now Account
OTHER TIERS: 0.10% Up to $2.5k

Mount Vernon Bank and Trust Company CD Rates

2.10%$2.5k-9 - 19 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

2.27%$250-60 Month Roth IRA
1.76%$250-36 Month Roth IRA
1.00%$250-12 Month Roth IRA

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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