The First National Bank of Mount Vernon in Mount Vernon, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank of Mount Vernon - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 33Total employees (full-time equivalent)
  • $164,574Total assets
  • $2,857Cash and due from depository institutions
  • $26Interest-bearing balances
  • $93,713Securities
  • $4,955Federal funds sold & reverse repurchase agreements
  • $59,221Net loans & leases
  • $759Loan loss allowance
  • $0Trading account assets
  • $979Bank premises and fixed assets
  • $140Other real estate owned
  • $88Goodwill and other intangibles
  • $164,574Life insurance assets
  • $2,621All other assets
  • $144,894Total liabilities and capital
  • $125,357Total liabilities
  • $87,261Total deposits
  • $125,357Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,245Trading liabilities
  • $0Other borrowed funds
  • $292Subordinated debt
  • $19,680All other liabilities
  • $19,680Total equity capital
  • $19,680Total bank equity capital
  • $0Perpetual preferred stock
  • $220Common stock
  • $460Surplus
  • $19,000Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,314Income earned, not collected on loans
  • $35Earning assets
  • $1,067Long-term assets (5+ years)
  • $157,915Average Assets, year-to-date
  • $117,165Average Assets, quarterly
  • $146,351Volatile liabilities
  • $155,404Insider loans
  • $60,579FHLB advances
  • $151,081Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,588Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,787Restructured Loans and leases
  • $2,753Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,736Total interest income
  • $1,702Total interest expense
  • $5,034Net interest income
  • $150Provision for loan and lease losses
  • $673Total noninterest income
  • $0Fiduciary activities
  • $520Service charges on deposit accounts
  • $0Trading account gains & fees
  • $153Additional noninterest income
  • $3,542Total noninterest expense
  • $1,984Salaries and employee benefits
  • $374Premises and equipment expense
  • $1,184Additional noninterest expense
  • $2,015Pre-tax net operating income
  • $389Securities gains (losses)
  • $14Applicable income taxes
  • $2,390Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,390Net income attributable to bank
  • $0Net charge-offs
  • $2,390Cash dividends
  • $174Sale, conversion, retirement of capital stock, net
  • $687Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 3.58%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • 1.37%Net operating income to assets
  • 1.63%Return on assets (ROA)
  • 1.64%Pretax return on assets
  • 13.77%Return on equity (ROE)
  • 9.81%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 86.21%Credit loss provision to net charge-offs
  • 12.44%Efficiency ratio
  • 61,749Assets per employee
  • 4.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.74%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 57.76%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 2.19%Net loans and leases to deposits
  • 47.24%Net loans and leases to core deposits
  • 51.65%Equity capital to assets
  • 11.96%Core capital (leverage) ratio
  • 10.32%Tier 1 risk-based capital ratio
  • 25.73%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $146,351Average earning assets
  • $17,354Average equity
  • $140,700Average loans

List of branches

  • 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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