Bridge Community Bank in Mount Vernon, Iowa (IA)

Show street view No street view available for this location

Bridge Community Bank routing number info

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

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,860
Total interest expense $479
Net interest income $2,381
Provision for loan and lease losses $175
Total noninterest income $634
Fiduciary activities $1
Service charges on deposit accounts $396
Trading account gains & fees $0
Additional noninterest income $237
Total noninterest expense $1,994
Salaries and employee benefits $1,270
Premises and equipment expense $348
Additional noninterest expense $376
Pre-tax net operating income $846
Securities gains (losses) $28
Applicable income taxes $234
Income before extraordinary items $640
Extraordinary gains - net $0
Net income attributable to bank $640
Net charge-offs $0
Cash dividends $640
Sale, conversion, retirement of capital stock, net $44
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.82%
Cost of funding earning assets 0.81%
Net interest margin 4.01%
Noninterest income to earning assets 1.07%
Noninterest expense to earning assets 3.36%
Net operating income to assets 0.96%
Return on assets (ROA) 1.00%
Pretax return on assets 1.36%
Return on equity (ROE) 10.03%
Retained earnings to average equity (YTD only) 10.03%
Net charge-offs to loans 0.10%
Credit loss provision to net charge-offs 397.73%
Efficiency ratio23.20%
Assets per employee$66,136
Cash dividends to net income (YTD only)4.01%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.29%
Noncurrent assets plus other real estate owned to assets 142.89%
Noncurrent loans to loans 1.25%
Net loans and leases to deposits0.90%
Net loans and leases to core deposits 74.64%
Equity capital to assets 75.85%
Core capital (leverage) ratio 9.98%
Tier 1 risk-based capital ratio 9.81%
Total risk-based capital ratio 13.28%
Average assets$14
Average earning assets$64,229
Average equity $6,381
Average loans $59,349
Back to page top, Back to table top

Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$6,774
Number of Accounts1
Personal trust and agency accounts$6,721
Employee benefit-defined contribution accounts$1,114
Employee benefit-defined benefit accounts$5,607
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts17
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$53
Corporate trust and agency accounts$53
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Back to page top, Back to table top

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
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bridge Community Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.