Overview / Commentary
The Bank of Vernon is headquartered in Vernon and is the 57th largest bank in the state of Alabama. It is also the 2,976th largest bank in the nation. It was established in 1911 and as of September of 2021, it had grown to 44 employees at 5 locations. The Bank of Vernon has an A+ health rating.
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 51 |
| Year Established | 1911 |
| Employees | 44 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.31% |
| Return on Equity - YTD | 10.23% |
| Annual Interest Income | $5.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2021vs Q3 2020 | $220.6MM$194.9MM |
| Loans | Q3 2021vs Q3 2020 | $128.4MM$133.0MM |
| Deposits | Q3 2021vs Q3 2020 | $190.9MM$167.3MM |
| Equity Capital | Q3 2021vs Q3 2020 | $28.5MM$26.8MM |
| Loan Loss Allowance | Q3 2021vs Q3 2020 | $2.2MM$1.6MM |
| Unbacked Noncurrent Loans | Q3 2021vs Q3 2020 | $640.00K$74.00K |
| Real Estate Owned | Q3 2021vs Q3 2020 | $43.00K$0 |