Community National Bank in Derby, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Community National Bank - Overview

  • 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
    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)

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
  • 147Total employees (full-time equivalent)
  • $552,102Total assets
  • $23,465Cash and due from depository institutions
  • $12,706Interest-bearing balances
  • $95,801Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $384,792Net loans & leases
  • $3,887Loan loss allowance
  • $0Trading account assets
  • $12,715Bank premises and fixed assets
  • $90Other real estate owned
  • $14,376Goodwill and other intangibles
  • $552,102Life insurance assets
  • $20,863All other assets
  • $498,875Total liabilities and capital
  • $454,590Total liabilities
  • $391,647Total deposits
  • $454,590Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 21645.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,843Trading liabilities
  • $0Other borrowed funds
  • $3,797Subordinated debt
  • $53,227All other liabilities
  • $53,227Total equity capital
  • $53,227Total bank equity capital
  • $0Perpetual preferred stock
  • $350Common stock
  • $19,254Surplus
  • $33,623Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,285Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,195Income earned, not collected on loans
  • $2,989Earning assets
  • $1,701Long-term assets (5+ years)
  • $493,299Average Assets, year-to-date
  • $111,235Average Assets, quarterly
  • $538,450Volatile liabilities
  • $551,058Insider loans
  • $369,951FHLB advances
  • $548,376Loans and leases held for sale
  • $4,063Unused loan commitments
  • $2,878Tier 1 (core) risk-based capital
  • $41,830Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,185Total unused commitments
  • $57,451Restructured Loans and leases
  • $7,848Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,715Total interest income
  • $4,622Total interest expense
  • $18,093Net interest income
  • $1,000Provision for loan and lease losses
  • $5,196Total noninterest income
  • $0Fiduciary activities
  • $2,340Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,856Additional noninterest income
  • $17,245Total noninterest expense
  • $8,012Salaries and employee benefits
  • $3,068Premises and equipment expense
  • $6,165Additional noninterest expense
  • $5,044Pre-tax net operating income
  • $0Securities gains (losses)
  • $651Applicable income taxes
  • $4,393Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,393Net income attributable to bank
  • $0Net charge-offs
  • $4,393Cash dividends
  • $841Sale, conversion, retirement of capital stock, net
  • $2,660Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.72%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.76%Net interest margin
  • 1.08%Noninterest income to earning assets
  • 3.58%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 8.40%Return on equity (ROE)
  • 3.32%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 118.91%Credit loss provision to net charge-offs
  • 7.19%Efficiency ratio
  • 72,219Assets per employee
  • 3.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.55%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 42.27%Noncurrent assets plus other real estate owned to assets
  • 1.68%Noncurrent loans to loans
  • 2.37%Net loans and leases to deposits
  • 84.65%Net loans and leases to core deposits
  • 88.78%Equity capital to assets
  • 9.64%Core capital (leverage) ratio
  • 7.63%Tier 1 risk-based capital ratio
  • 11.31%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $538,450Average earning assets
  • $52,273Average equity
  • $481,408Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $58,643Managed Assets
  • 1Number of Accounts
  • $45,192Personal trust and agency accounts
  • $27,543Employee benefit-defined contribution accounts
  • $223Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,462Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $15,964Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 164Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $13,451Other retirement accounts
  • $9,188Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,263Fiduciary accounts held in foreign offices

List of branches

  • 15 Vermont Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04235Community National Bank4811 U.S. Route 5, Derby, VT 5829January 15, 1851Full Service Brick and Mortar
    1209226Derby Line Branch69 Main Street, Derby Line, VT 5830July 01, 1970Full Service Brick and Mortar
    36410Island Pond Branch23 Route 105 E. Brighton Rd, Island Pond, VT 5846January 01, 1890Full Service Brick and Mortar
    4209228Barton Branch103 Church Street, Suite A, Barton, VT 5822January 12, 1981Full Service Brick and Mortar
    5209229Newport Branch266 Main Street, Newport, VT 5855January 12, 1985Full Service Brick and Mortar
    6209230Troy Branch4245 Vt Rte 101, Troy, VT 5868September 08, 1986Full Service Brick and Mortar
    7209231St. Johnsbury BranchInterstate 91 Access And Route 5, St. Johnsbury, VT 5819June 20, 1995Full Service Brick and Mortar
    8360882Montpelier Branch95-97 State Street, Montpelier, VT 5602May 29, 2001Full Service Brick and Mortar
    10432620Barre Branch316 North Main Street, Barre, VT 5641December 08, 2003Full Service Brick and Mortar
    118839Lyndonbank Branch98 Broad, Lyndonville, VT 5851December 27, 1922Full Service Brick and Mortar
    12231090Drive-In Branch467 Broad Street, Lyndonville, VT 5851December 07, 1972Full Service Brick and Mortar
    14231092St. Johnsburry Branch40 Railroad Street, St. Johnsbury, VT 5819April 12, 1996Full Service Brick and Mortar
    15231093Enosburg Falls BranchVermont Route 105 And Water Tower Road, Enosburg Falls, VT 5450September 11, 1997Full Service Brick and Mortar
    17458840Morrisville Branch116 Vermont Route 15 West, Morrisville, VT 5661Febuary 05, 2007Full Service Brick and Mortar
    18458851Messenger Service Branch98 Broad, Lyndonville, VT 5851January 23, 2006Limited Service Messenger

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