Mount Vernon Bank and Trust Company is headquartered in Mount Vernon and is the 147th largest bank in the state of Iowa. It is also the 3,251st largest bank in the nation. It was established in 1884 and as of June of 2022, it had grown to 21 employees at 2 locations. Mount Vernon Bank and Trust Company's savings rates are 8X the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 10494 |
Year Established | 1884 |
Employees | 21 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.28% |
Return on Equity - YTD | 11.77% |
Annual Interest Income | $2.7MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $179.1MM$161.0MM |
Loans | Q2 2022vs Q2 2021 | $110.1MM$94.0MM |
Deposits | Q2 2022vs Q2 2021 | $159.0MM$136.4MM |
Equity Capital | Q2 2022vs Q2 2021 | $17.8MM$20.8MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.1MM$1.0MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $200.00K$0 |
Real Estate Owned | Q2 2022vs Q2 2021 | $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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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4.00%* | - | $2k | First Time Home Buyers Savings | ||
OTHER TIERS: 0.50% → $2k+ | |||||
0.80% | - | - | Traditional IRA Account | ||
0.10% | - | - | Regular Savings Account | ||
0.10% | - | - | Commercial Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.51% | $250 | - | 60 Month Roth IRA | |
1.25% | $250 | - | 36 Month Roth IRA | |
0.75% | $250 | - | 12 Month Roth IRA |
Mount Vernon Bank and Trust Company Locations | ||
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Mount Vernon Bank and Trust Company | 206 1st St Sw | Mount Vernon, IA 52314 |
Drive-In Branch | 116 Third Avenue South | Mount Vernon, IA 52314 |