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 154^th largest bank in the state of Iowa. It is also the 3,550^th largest bank in the nation. It was established in 1884 and as of June 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 Q2 2020

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Health Grade Components

Overall
FDIC Certificate #	10494
Year Established	1884
Employees	23
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.03%
Return on Equity - YTD	7.33%
Annual Interest Income	$2.7MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$142.5MM$130.9MM
Loans	Q2 2020vs Q2 2019	$90.5MM$93.2MM
Deposits	Q2 2020vs Q2 2019	$120.2MM$109.3MM
Equity Capital	Q2 2020vs Q2 2019	$19.6MM$18.3MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$1.0MM$990.00K
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$0$0
Real Estate Owned	Q2 2020vs Q2 2019	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.15%	-	-	Traditional IRA Account
0.15%	-	-	Regular Savings Account

Mount Vernon Bank and Trust Company Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$10k^*	$50k	Money Market Plus
OTHER TIERS: 0.10% → $500k+ \| 0.15% → $250k - $500k \| 0.20% → $100k - $250k \| 0.25% → $50k - $100k
0.20%^*	$1k^*	$2.5k	Money Market
OTHER TIERS: 0.10% → $10k+ \| 0.15% → $2.5k - $10k

Mount Vernon Bank and Trust Company Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%^*	-	$25k	eChecking
OTHER TIERS: 0.30% → $25k+
0.15%^*	-	$2.5k	Consumer Super Now Account
OTHER TIERS: 0.10% → $2.5k+

Mount Vernon Bank and Trust Company CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%	$100	-	24 Month Young Savers CD
0.85%	$500	-	48 Month CD
0.75%	$500	-	36 Month CD
0.65%	$500	-	30 Month CD
0.50%	$500	-	24 Month CD
0.40%	$500	-	18 Month CD
0.35%	$500	-	12 Month CD
0.30%	$2.5k	-	182 Day CD
0.20%	$2.5k	-	91 Day CD

Mount Vernon Bank and Trust Company IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%	$250	-	60 Month Roth IRA
0.85%	$250	-	36 Month Roth IRA
0.50%	$250	-	12 Month Roth IRA

Locations

Mount Vernon Bank and Trust Company Locations
Mount Vernon Bank and Trust Company	206 First Street West	Mount Vernon, IA 52314
Drive-In Branch	116 Third Avenue South	Mount Vernon, IA 52314

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