Mount Vernon Bank in Mount Vernon, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Mount Vernon Bank - Overview

  • General
  • FDIC Certificate #: 8028
    Status: Active
    Federal Reserve ID: 807432
    Bank Holding Company (Regulatory Top Holder): Heart Of Georgia Bancshares, Inc. (RSSDID: 2349516, Location: Mount Vernon, GA)
    Date Established: January 24, 1901
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13899
    FDIC's unique #: 5109
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    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: 101 Railroad Avenue, Mount Vernon, GA 30445
    County: Montgomery
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Vidalia, GA (#47080)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $127.5 mil
    Equity capital: $11.6 mil
    Deposits held in domestic offices: $113.4 mil
    Return on assets (ROA): 0.65% ($0.8 mil)
    Quarterly return on assets: 0.75% ($1.0 mil)
    Return on Equity (ROE): 7.38% ($0.9 mil)
    Quarterly return on equity: 8.17% ($1.0 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.65% ($828.6 mil)
    Quarterly Pretax return on assets: 0.75% ($956.1 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
  • 32Total employees (full-time equivalent)
  • $127,481Total assets
  • $24,729Cash and due from depository institutions
  • $22,892Interest-bearing balances
  • $33,681Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $62,306Net loans & leases
  • $836Loan loss allowance
  • $0Trading account assets
  • $4,305Bank premises and fixed assets
  • $771Other real estate owned
  • $399Goodwill and other intangibles
  • $127,481Life insurance assets
  • $1,290All other assets
  • $115,897Total liabilities and capital
  • $113,445Total liabilities
  • $93,380Total deposits
  • $113,445Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $452Subordinated debt
  • $11,584All other liabilities
  • $11,584Total equity capital
  • $11,584Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $6,075Surplus
  • $5,209Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,084Income earned, not collected on loans
  • $0Earning assets
  • $639Long-term assets (5+ years)
  • $118,879Average Assets, year-to-date
  • $21,922Average Assets, quarterly
  • $125,860Volatile liabilities
  • $126,062Insider loans
  • $69,202FHLB advances
  • $123,968Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,467Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,034Restructured Loans and leases
  • $2Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,523Total interest income
  • $1,664Total interest expense
  • $3,859Net interest income
  • $280Provision for loan and lease losses
  • $794Total noninterest income
  • $0Fiduciary activities
  • $625Service charges on deposit accounts
  • $0Trading account gains & fees
  • $169Additional noninterest income
  • $3,594Total noninterest expense
  • $1,959Salaries and employee benefits
  • $449Premises and equipment expense
  • $1,186Additional noninterest expense
  • $779Pre-tax net operating income
  • $41Securities gains (losses)
  • $0Applicable income taxes
  • $820Income before extraordinary items
  • $0Extraordinary gains - net
  • $820Net income attributable to bank
  • $0Net charge-offs
  • $820Cash dividends
  • $229Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.76%Yield on earning assets
  • 1.43%Cost of funding earning assets
  • 3.32%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 7.38%Return on equity (ROE)
  • 7.38%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 122.27%Credit loss provision to net charge-offs
  • 4.62%Efficiency ratio
  • 77,240Assets per employee
  • 3.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 77.12%Noncurrent assets plus other real estate owned to assets
  • 1.46%Noncurrent loans to loans
  • 1.72%Net loans and leases to deposits
  • 54.92%Net loans and leases to core deposits
  • 60.05%Equity capital to assets
  • 9.09%Core capital (leverage) ratio
  • 9.25%Tier 1 risk-based capital ratio
  • 16.57%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $125,860Average earning assets
  • $11,108Average equity
  • $116,096Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05109Mount Vernon Bank101 Railroad Avenue, Mount Vernon, GA 30445January 24, 1901Full Service Brick and Mortar
    1357069West First Street Branch402 West First Street, Vidalia, GA 30474June 14, 1999Full Service Brick and Mortar
    3490024Vidalia Branch2109 E 1st St, Vidalia, GA 30474April 23, 2009Full Service Brick and Mortar

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