Community National Bank in Derby, Vermont (VT)



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Table of contents:
Community National Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
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
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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
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.72%
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 ratio7.19%
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 deposits2.37%
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
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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 Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$58,643
Number of Accounts1
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 Accounts164
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
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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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