The National Bank of Middlebury in Middlebury, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The National Bank of Middlebury in Middlebury, Vermont (VT)
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The National Bank of Middlebury - Overview

  • General
  • FDIC Certificate #: 6275
    Status: Active
    Federal Reserve ID: 173306
    Bank Holding Company (Regulatory Top Holder): Middlebury National Corporation (RSSDID: 1136214, Location: Middlebury, VT)
    Date Established: November 09, 1831
    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: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 9067
    FDIC's unique #: 4239
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 03, 2008
    Last Structure Change Process Date: January 16, 2009
    Last Data Update: January 16, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 Main Street, Middlebury, VT 5753
    County: Addison
    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: $284.9 mil
    Equity capital: $25.2 mil
    Deposits held in domestic offices: $242.4 mil
    Return on assets (ROA): 0.79% ($2.3 mil)
    Quarterly return on assets: 0.85% ($2.4 mil)
    Return on Equity (ROE): 8.95% ($2.2 mil)
    Quarterly return on equity: 9.45% ($2.4 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.98% ($2,791.6 mil)
    Quarterly Pretax return on assets: 1.08% ($3,076.4 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
  • 84Total employees (full-time equivalent)
  • $284,854Total assets
  • $16,135Cash and due from depository institutions
  • $10,173Interest-bearing balances
  • $70,523Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $178,315Net loans & leases
  • $2,422Loan loss allowance
  • $0Trading account assets
  • $7,151Bank premises and fixed assets
  • $0Other real estate owned
  • $875Goodwill and other intangibles
  • $284,854Life insurance assets
  • $11,855All other assets
  • $259,671Total liabilities and capital
  • $242,372Total liabilities
  • $230,295Total deposits
  • $242,372Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 9177.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,210Trading liabilities
  • $0Other borrowed funds
  • $2,912Subordinated debt
  • $25,183All other liabilities
  • $25,183Total equity capital
  • $25,183Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $1,000Surplus
  • $23,783Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,558Income earned, not collected on loans
  • $86Earning assets
  • $1,113Long-term assets (5+ years)
  • $259,011Average Assets, year-to-date
  • $110,996Average Assets, quarterly
  • $272,427Volatile liabilities
  • $278,366Insider loans
  • $184,264FHLB advances
  • $276,959Loans and leases held for sale
  • $5,417Unused loan commitments
  • $5,417Tier 1 (core) risk-based capital
  • $23,318Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $37,330Restructured Loans and leases
  • $422Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,033Total interest income
  • $1,349Total interest expense
  • $9,684Net interest income
  • $80Provision for loan and lease losses
  • $2,840Total noninterest income
  • $0Fiduciary activities
  • $589Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,251Additional noninterest income
  • $9,792Total noninterest expense
  • $5,413Salaries and employee benefits
  • $1,390Premises and equipment expense
  • $2,989Additional noninterest expense
  • $2,652Pre-tax net operating income
  • $8Securities gains (losses)
  • $502Applicable income taxes
  • $2,158Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,158Net income attributable to bank
  • $0Net charge-offs
  • $2,158Cash dividends
  • $44Sale, conversion, retirement of capital stock, net
  • $812Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.46%Yield on earning assets
  • 0.55%Cost of funding earning assets
  • 3.91%Net interest margin
  • 1.15%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 8.95%Return on equity (ROE)
  • 5.58%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 181.82%Credit loss provision to net charge-offs
  • 62.09%Efficiency ratio
  • 77,635Assets per employee
  • 3.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.63%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 155.46%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 73.57%Net loans and leases to core deposits
  • 74.74%Equity capital to assets
  • 8.84%Core capital (leverage) ratio
  • 8.42%Tier 1 risk-based capital ratio
  • 12.65%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $272,427Average earning assets
  • $24,114Average equity
  • $247,430Average loans

List of branches

  • 7 Vermont Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04239The National Bank Of Middlebury30 Main Street, Middlebury, VT 5753November 09, 1831Full Service Brick and Mortar
    1209237Motor Branch15 Seymour St., Middlebury, VT 5753August 14, 1967Limited Service Facility
    2209238Middlebury Route 7 South Branch240 Court Street, Middlebury, VT 5753December 19, 1974Full Service Brick and Mortar
    3209239Bristol Branch28 Main Street, Bristol, VT 5443March 18, 1996Full Service Brick and Mortar
    4467476Brandon Branch5 Carver Street, Brandon, VT 5733July 30, 2007Full Service Brick and Mortar
    6480874Vergennes Branch29 Green Street, Vergennes, VT 5491January 01, 2008Full Service Brick and Mortar
    8493295Hinesburg Branch140 Commerce Street, Hinesburg, VT 5461August 01, 2008Full Service Brick and Mortar

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