Mount Vernon Bank and Trust Company
Overview / Commentary
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 has an A+ health rating.
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 10494 |
| Year Established | 1884 |
| Employees | 23 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.09% |
| Return on Equity - YTD | 8.12% |
| Annual Interest Income | $2.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $130.9MM$122.3MM |
| Loans | Q2 2019vs Q2 2018 | $93.2MM$85.3MM |
| Deposits | Q2 2019vs Q2 2018 | $109.3MM$103.1MM |
| Equity Capital | Q2 2019vs Q2 2018 | $18.3MM$17.1MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $990.00K$987.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $0$89.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
Rates for Mount Vernon Bank and Trust Company are currently being reviewed.
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 |