Community National Bank in Derby, Vermont (VT)
| Community National Bank | |
|---|---|
| General | FDIC Certificate #: 6271 Status: Active Federal Reserve ID: 270504 Bank Holding Company (Regulatory Top Holder): Community Bancorp (RSSDID: 1115040, Location: Derby, VT) Date Established: January 15, 1851 WWW: http://www.communitynationalbank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 15 (Domestic: 15, Interstate: No) OTS Docket #: 9996 FDIC's unique #: 4235 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 02, 2010 Last Structure Change Process Date: June 02, 2010 Last Data Update: June 02, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 4811 U.S. Route 5, Derby, VT 5829 County: Orleans Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Springfield Ma Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $552.1 mil Equity capital: $53.2 mil Deposits held in domestic offices: $454.6 mil Return on assets (ROA): 0.82% ($4.5 mil) Quarterly return on assets: 0.82% ($4.5 mil) Return on Equity (ROE): 8.40% ($4.5 mil) Quarterly return on equity: 8.57% ($4.5 mil) Net income: $4.4 mil Quarterly Net income: $1.1 mil Pretax return on assets: 0.94% ($5,189.8 mil) Quarterly Pretax return on assets: 0.82% ($4,527.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 147 |
| Total assets | $552,102 |
| Cash and due from depository institutions | $23,465 |
| Interest-bearing balances | $12,706 |
| Securities | $95,801 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $384,792 |
| Loan loss allowance | $3,887 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,715 |
| Other real estate owned | $90 |
| Goodwill and other intangibles | $14,376 |
| All other assets | $20,863 |
| Life insurance assets | $552,102 |
| Total liabilities and capital | $498,875 |
| Total liabilities | $454,590 |
| Total deposits | $391,647 |
| Interest-bearing deposits | $454,590 |
| Deposits held in domestic offices | $83 |
| % insured (estimated) | 21645.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $18,843 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,797 |
| All other liabilities | $53,227 |
| Total equity capital | $53,227 |
| Total bank equity capital | $53,227 |
| Perpetual preferred stock | $0 |
| Common stock | $350 |
| Surplus | $19,254 |
| Undivided profits | $33,623 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $2,285 |
| Income earned, not collected on loans | $9,195 |
| Earning assets | $2,989 |
| Long-term assets (5+ years) | $1,701 |
| Average Assets, year-to-date | $493,299 |
| Average Assets, quarterly | $111,235 |
| Volatile liabilities | $538,450 |
| Insider loans | $551,058 |
| FHLB advances | $369,951 |
| Loans and leases held for sale | $548,376 |
| Unused loan commitments | $4,063 |
| Tier 1 (core) risk-based capital | $2,878 |
| Tier 2 risk-based capital | $41,830 |
| Total risk weighted assets | $0 |
| Total unused commitments | $1,185 |
| Restructured Loans and leases | $57,451 |
| Derivatives | $7,848 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $22,715 |
| Total interest expense | $4,622 |
| Net interest income | $18,093 |
| Provision for loan and lease losses | $1,000 |
| Total noninterest income | $5,196 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $2,340 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,856 |
| Total noninterest expense | $17,245 |
| Salaries and employee benefits | $8,012 |
| Premises and equipment expense | $3,068 |
| Additional noninterest expense | $6,165 |
| Pre-tax net operating income | $5,044 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $651 |
| Income before extraordinary items | $4,393 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $4,393 |
| Net charge-offs | $0 |
| Cash dividends | $4,393 |
| Sale, conversion, retirement of capital stock, net | $841 |
| Net operating income | $2,660 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.72% |
| Cost of funding earning assets | 0.96% |
| Net interest margin | 3.76% |
| Noninterest income to earning assets | 1.08% |
| Noninterest expense to earning assets | 3.58% |
| Net operating income to assets | 0.82% |
| Return on assets (ROA) | 0.82% |
| Pretax return on assets | 0.94% |
| Return on equity (ROE) | 8.40% |
| Retained earnings to average equity (YTD only) | 3.32% |
| Net charge-offs to loans | 0.22% |
| Credit loss provision to net charge-offs | 118.91% |
| Efficiency ratio | 7.19% |
| Assets per employee | $72,219 |
| Cash dividends to net income (YTD only) | 3.76% |
| Condition Ratios (%) | |
| Loss allowance to loans | 60.55% |
| Loss allowance to noncurrent loans | 1.00% |
| Noncurrent assets plus other real estate owned to assets | 42.27% |
| Noncurrent loans to loans | 1.68% |
| Net loans and leases to deposits | 2.37% |
| Net loans and leases to core deposits | 84.65% |
| Equity capital to assets | 88.78% |
| Core capital (leverage) ratio | 9.64% |
| Tier 1 risk-based capital ratio | 7.63% |
| Total risk-based capital ratio | 11.31% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $538,450 |
| Average equity | $52,273 |
| Average loans | $481,408 |
| Total Fiduciary and Related Assets (December 31, 2001) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $58,643 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $45,192 |
| Employee benefit-defined contribution accounts | $27,543 |
| Employee benefit-defined benefit accounts | $223 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $1,462 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $15,964 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 164 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $13,451 |
| Corporate trust and agency accounts | $9,188 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $4,263 |
| 15 Vermont Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 4235 | Community National Bank | 4811 U.S. Route 5, Derby, VT 5829 | January 15, 1851 | Full Service Brick and Mortar |  |
| 1 | 209226 | Derby Line Branch | 69 Main Street, Derby Line, VT 5830 | July 01, 1970 | Full Service Brick and Mortar |  |
| 3 | 6410 | Island Pond Branch | 23 Route 105 E. Brighton Rd, Island Pond, VT 5846 | January 01, 1890 | Full Service Brick and Mortar | |
| 4 | 209228 | Barton Branch | 103 Church Street, Suite A, Barton, VT 5822 | January 12, 1981 | Full Service Brick and Mortar | |
| 5 | 209229 | Newport Branch | 266 Main Street, Newport, VT 5855 | January 12, 1985 | Full Service Brick and Mortar | |
| 6 | 209230 | Troy Branch | 4245 Vt Rte 101, Troy, VT 5868 | September 08, 1986 | Full Service Brick and Mortar | |
| 7 | 209231 | St. Johnsbury Branch | Interstate 91 Access And Route 5, St. Johnsbury, VT 5819 | June 20, 1995 | Full Service Brick and Mortar | |
| 8 | 360882 | Montpelier Branch | 95-97 State Street, Montpelier, VT 5602 | May 29, 2001 | Full Service Brick and Mortar | |
| 10 | 432620 | Barre Branch | 316 North Main Street, Barre, VT 5641 | December 08, 2003 | Full Service Brick and Mortar | |
| 11 | 8839 | Lyndonbank Branch | 98 Broad, Lyndonville, VT 5851 | December 27, 1922 | Full Service Brick and Mortar | |
| 12 | 231090 | Drive-In Branch | 467 Broad Street, Lyndonville, VT 5851 | December 07, 1972 | Full Service Brick and Mortar | |
| 14 | 231092 | St. Johnsburry Branch | 40 Railroad Street, St. Johnsbury, VT 5819 | April 12, 1996 | Full Service Brick and Mortar | |
| 15 | 231093 | Enosburg Falls Branch | Vermont Route 105 And Water Tower Road, Enosburg Falls, VT 5450 | September 11, 1997 | Full Service Brick and Mortar | |
| 17 | 458840 | Morrisville Branch | 116 Vermont Route 15 West, Morrisville, VT 5661 | Febuary 05, 2007 | Full Service Brick and Mortar | |
| 18 | 458851 | Messenger Service Branch | 98 Broad, Lyndonville, VT 5851 | January 23, 2006 | Limited Service Messenger | |
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