Bridge Community Bank in Mount Vernon, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bridge Community Bank - Overview

  • General
  • FDIC Certificate #: 12717
    Status: Active
    Federal Reserve ID: 882541
    Bank Holding Company (Regulatory Top Holder): Bridge Community Bank Esop (RSSDID: 1827923, Location: Mechanicsville, IA)
    Date Established: September 08, 1903
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 8065
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 302 Highway 1 South, Mount Vernon, IA 52314
    County: Linn
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Cedar Rapids, IA (#1360)
    Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
    CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $68.2 mil
    Equity capital: $6.8 mil
    Deposits held in domestic offices: $60.7 mil
    Return on assets (ROA): 1.00% ($0.7 mil)
    Quarterly return on assets: 1.02% ($0.7 mil)
    Return on Equity (ROE): 10.03% ($0.7 mil)
    Quarterly return on equity: 10.10% ($0.7 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.36% ($928.2 mil)
    Quarterly Pretax return on assets: 1.58% ($1,078.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $68,248Total assets
  • $4,933Cash and due from depository institutions
  • $4,165Interest-bearing balances
  • $14,186Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $45,275Net loans & leases
  • $593Loan loss allowance
  • $0Trading account assets
  • $2,037Bank premises and fixed assets
  • $40Other real estate owned
  • $0Goodwill and other intangibles
  • $68,248Life insurance assets
  • $1,777All other assets
  • $61,434Total liabilities and capital
  • $60,654Total liabilities
  • $49,712Total deposits
  • $60,654Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $135Trading liabilities
  • $0Other borrowed funds
  • $645Subordinated debt
  • $6,814All other liabilities
  • $6,814Total equity capital
  • $6,814Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $800Surplus
  • $5,814Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $415Income earned, not collected on loans
  • $0Earning assets
  • $407Long-term assets (5+ years)
  • $63,626Average Assets, year-to-date
  • $9,643Average Assets, quarterly
  • $64,229Volatile liabilities
  • $66,735Insider loans
  • $49,019FHLB advances
  • $66,349Loans and leases held for sale
  • $575Unused loan commitments
  • $575Tier 1 (core) risk-based capital
  • $6,511Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,943Restructured Loans and leases
  • $197Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,860Total interest income
  • $479Total interest expense
  • $2,381Net interest income
  • $175Provision for loan and lease losses
  • $634Total noninterest income
  • $1Fiduciary activities
  • $396Service charges on deposit accounts
  • $0Trading account gains & fees
  • $237Additional noninterest income
  • $1,994Total noninterest expense
  • $1,270Salaries and employee benefits
  • $348Premises and equipment expense
  • $376Additional noninterest expense
  • $846Pre-tax net operating income
  • $28Securities gains (losses)
  • $234Applicable income taxes
  • $640Income before extraordinary items
  • $0Extraordinary gains - net
  • $640Net income attributable to bank
  • $0Net charge-offs
  • $640Cash dividends
  • $44Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 4.01%Net interest margin
  • 1.07%Noninterest income to earning assets
  • 3.36%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 10.03%Return on equity (ROE)
  • 10.03%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 397.73%Credit loss provision to net charge-offs
  • 23.20%Efficiency ratio
  • 66,136Assets per employee
  • 4.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 142.89%Noncurrent assets plus other real estate owned to assets
  • 1.25%Noncurrent loans to loans
  • 0.90%Net loans and leases to deposits
  • 74.64%Net loans and leases to core deposits
  • 75.85%Equity capital to assets
  • 9.98%Core capital (leverage) ratio
  • 9.81%Tier 1 risk-based capital ratio
  • 13.28%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $64,229Average earning assets
  • $6,381Average equity
  • $59,349Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $6,774Managed Assets
  • 1Number of Accounts
  • $6,721Personal trust and agency accounts
  • $1,114Employee benefit-defined contribution accounts
  • $5,607Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 17Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $53Other retirement accounts
  • $53Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08065Bridge Community Bank302 Highway 1 South, Mount Vernon, IA 52314September 08, 1903Full Service Brick and Mortar
    1227813Mechanicsville Branch200 South Cherry Street, Mechanicsville, IA 52306June 29, 1998Full Service Brick and Mortar
    2493992Bridge Community Bank - Solon Branch405 East 5th Street, Solon, IA 52333July 27, 2009Full Service Brick and Mortar

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