The Bank of Vernon


Overview / Commentary
205-695-7141
44825 Highway 17
Vernon, AL 35592

The Bank of Vernon is headquartered in VERNON and is the 41st largest bank in the state of Alabama. It is also the 2,226th largest bank in the nation. It was established in 1911 and as of September of 2024, it had grown to 53 employees at 5 locations. The Bank of Vernon has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #51
Year Established1911
Employees53
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.39%
Return on Equity - YTD8.22%
Annual Interest Income$15.7MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$360.4MM$318.1MM
LoansQ3 2024vs Q3 2023$229MM$203.5MM
DepositsQ3 2024vs Q3 2023$298.5MM$263.1MM
Equity CapitalQ3 2024vs Q3 2023$60.2MM$53.2MM
Loan Loss AllowanceQ3 2024vs Q3 2023$2.7MM$2.2MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$1.6MM$0
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates

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Locations


The Bank of Vernon Locations
The Bank Of Vernon44825 Highway 17Vernon, AL 35592
Westside Branch9435 Highway 18Vernon, AL 35592
Caledonia Branch9715 Wolfe RoadCaledonia, MS 39740
Columbus Branch3561 Bluecutt RoadColumbus, MS 39705
East Columbus Branch420 Alabama StreetColumbus, MS 39702

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