The First National Bank of Mount Vernon in Mount Vernon, Texas (TX)



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The First National Bank of Mount Vernon routing number info

Table of contents:
The First National Bank of Mount Vernon
GeneralFDIC Certificate #: 3355
Status: Active
Federal Reserve ID: 111661
Bank Holding Company (Regulatory Top Holder): Mount Vernon Bankshares, Inc. (RSSDID: 1132850, Location: Mount Vernon, TX)
Date Established: May 01, 1900
WWW: http://www.fnbmv.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 10223
FDIC's unique #: 2175
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: Yes
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 01, 2010
Last Structure Change Process Date: June 01, 2010
Last Data Update: June 01, 2010
Data Source Date: April 05, 2012
LocationAddress: 101 W. Main Street, Mount Vernon, TX 75457
County: Franklin
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Dallas
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of ChangesChange in Location
Financial SummaryTotal assets: $164.6 mil
Equity capital: $19.7 mil
Deposits held in domestic offices: $125.4 mil
Return on assets (ROA): 1.63% ($2.7 mil)
Quarterly return on assets: 1.01% ($1.7 mil)
Return on Equity (ROE): 13.77% ($2.8 mil)
Quarterly return on equity: 8.15% ($1.6 mil)
Net income: $2.4 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.64% ($2,699.0 mil)
Quarterly Pretax return on assets: 1.03% ($1,695.1 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)
Total employees (full-time equivalent)33
Total assets$164,574
Cash and due from depository institutions$2,857
Interest-bearing balances$26
Securities$93,713
Federal funds sold & reverse repurchase agreements$4,955
Net loans & leases$59,221
Loan loss allowance $759
Trading account assets$0
Bank premises and fixed assets$979
Other real estate owned$140
Goodwill and other intangibles$88
All other assets$2,621
Life insurance assets$164,574
Total liabilities and capital$144,894
Total liabilities$125,357
Total deposits$87,261
Interest-bearing deposits$125,357
Deposits held in domestic offices$85
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$19,245
Other borrowed funds $0
Subordinated debt $292
All other liabilities $19,680
Total equity capital$19,680
Total bank equity capital$19,680
Perpetual preferred stock$0
Common stock$220
Surplus$460
Undivided profits $19,000
Memoranda
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 $1,314
Earning assets $35
Long-term assets (5+ years) $1,067
Average Assets, year-to-date $157,915
Average Assets, quarterly $117,165
Volatile liabilities $146,351
Insider loans $155,404
FHLB advances $60,579
Loans and leases held for sale $151,081
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,588
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,787
Derivatives$2,753
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,736
Total interest expense $1,702
Net interest income $5,034
Provision for loan and lease losses $150
Total noninterest income $673
Fiduciary activities $0
Service charges on deposit accounts $520
Trading account gains & fees $0
Additional noninterest income $153
Total noninterest expense $3,542
Salaries and employee benefits $1,984
Premises and equipment expense $374
Additional noninterest expense $1,184
Pre-tax net operating income $2,015
Securities gains (losses) $389
Applicable income taxes $14
Income before extraordinary items $2,390
Extraordinary gains - net $0
Net income attributable to bank $2,390
Net charge-offs $0
Cash dividends $2,390
Sale, conversion, retirement of capital stock, net $174
Net operating income $687
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.79%
Cost of funding earning assets 1.21%
Net interest margin 3.58%
Noninterest income to earning assets 0.48%
Noninterest expense to earning assets 2.52%
Net operating income to assets 1.37%
Return on assets (ROA) 1.63%
Pretax return on assets 1.64%
Return on equity (ROE) 13.77%
Retained earnings to average equity (YTD only) 9.81%
Net charge-offs to loans 0.28%
Credit loss provision to net charge-offs 86.21%
Efficiency ratio12.44%
Assets per employee$61,749
Cash dividends to net income (YTD only)4.99%
Condition Ratios (%)
Loss allowance to loans 28.74%
Loss allowance to noncurrent loans 1.27%
Noncurrent assets plus other real estate owned to assets 57.76%
Noncurrent loans to loans 0.88%
Net loans and leases to deposits2.19%
Net loans and leases to core deposits 47.24%
Equity capital to assets 51.65%
Core capital (leverage) ratio 11.96%
Tier 1 risk-based capital ratio 10.32%
Total risk-based capital ratio 25.73%
Memoranda
Average assets$27
Average earning assets$146,351
Average equity $17,354
Average loans $140,700
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3 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02175The First National Bank Of Mount Ver101 W. Main Street, Mount Vernon, TX 75457May 01, 1900Full Service Brick and Mortar
1196366Lake Cypress Springs Branch4601 Highway 115 South, Mount Vernon, TX 75457March 23, 1992Full Service Brick and Mortar
2196367Brookshire's Grocery Store Branch306 State Highway 37 South, Mount Vernon, TX 75457September 11, 1996Full Service Retail
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