The Bank of Vernon in Vernon, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Bank of Vernon in Vernon, Alabama (AL)
  • Show street view No street view available for this location
The Bank of Vernon routing number info

The Bank of Vernon - Overview

  • General
  • FDIC Certificate #: 51
    Status: Active
    Federal Reserve ID: 382537
    Bank Holding Company (Regulatory Top Holder): First Vernon Bancshares, Inc. (RSSDID: 1139998, Location: Vernon, AL)
    Date Established: November 11, 1911
    WWW: http://www.bankofvernon.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 14338
    FDIC's unique #: 32
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 44825 Highway 17, Vernon, AL 35592
    County: Lamar
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $154.2 mil
    Equity capital: $18.8 mil
    Deposits held in domestic offices: $132.6 mil
    Return on assets (ROA): -0.73% (-$1.1 mil)
    Quarterly return on assets: -1.21% (-$1.9 mil)
    Return on Equity (ROE): -6.34% (-$1.2 mil)
    Quarterly return on equity: -10.02% (-$1.9 mil)
    Net income: -$1.2 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: -1.04% (-$1,603.4 mil)
    Quarterly Pretax return on assets: -1.34% (-$2,065.9 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
  • 30Total employees (full-time equivalent)
  • $154,174Total assets
  • $8,683Cash and due from depository institutions
  • $6,054Interest-bearing balances
  • $22,482Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $113,223Net loans & leases
  • $4,721Loan loss allowance
  • $0Trading account assets
  • $553Bank premises and fixed assets
  • $4,935Other real estate owned
  • $0Goodwill and other intangibles
  • $154,174Life insurance assets
  • $4,298All other assets
  • $135,420Total liabilities and capital
  • $132,588Total liabilities
  • $116,150Total deposits
  • $132,588Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 2253.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $579Subordinated debt
  • $18,754All other liabilities
  • $18,754Total equity capital
  • $18,754Total bank equity capital
  • $0Perpetual preferred stock
  • $1,107Common stock
  • $9,443Surplus
  • $8,204Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,535Income earned, not collected on loans
  • $0Earning assets
  • $785Long-term assets (5+ years)
  • $141,759Average Assets, year-to-date
  • $17,481Average Assets, quarterly
  • $166,122Volatile liabilities
  • $158,661Insider loans
  • $122,005FHLB advances
  • $156,932Loans and leases held for sale
  • $317Unused loan commitments
  • $317Tier 1 (core) risk-based capital
  • $17,884Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,827Restructured Loans and leases
  • $3,366Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,157Total interest income
  • $2,469Total interest expense
  • $5,688Net interest income
  • $1,469Provision for loan and lease losses
  • -$6Total noninterest income
  • $0Fiduciary activities
  • $560Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$566Additional noninterest income
  • $5,202Total noninterest expense
  • $2,030Salaries and employee benefits
  • $613Premises and equipment expense
  • $2,559Additional noninterest expense
  • -$989Pre-tax net operating income
  • -$743Securities gains (losses)
  • -$514Applicable income taxes
  • -$1,218Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,218Net income attributable to bank
  • $0Net charge-offs
  • -$1,218Cash dividends
  • $2,279Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.34%Yield on earning assets
  • 1.62%Cost of funding earning assets
  • 3.72%Net interest margin
  • -0.00%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • -0.42%Net operating income to assets
  • -0.73%Return on assets (ROA)
  • -1.04%Pretax return on assets
  • -6.34%Return on equity (ROE)
  • -6.34%Retained earnings to average equity (YTD only)
  • 1.87%Net charge-offs to loans
  • 64.46%Credit loss provision to net charge-offs
  • 0.21%Efficiency ratio
  • 91,552Assets per employee
  • 5.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.00%Loss allowance to noncurrent loans
  • 44.81%Noncurrent assets plus other real estate owned to assets
  • 10.32%Noncurrent loans to loans
  • 8.93%Net loans and leases to deposits
  • 85.39%Net loans and leases to core deposits
  • 100.79%Equity capital to assets
  • 12.16%Core capital (leverage) ratio
  • 11.40%Tier 1 risk-based capital ratio
  • 14.66%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $166,122Average earning assets
  • $19,222Average equity
  • $152,720Average loans

List of branches

  • 2 Alabama Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    032The Bank Of Vernon44825 Highway 17, Vernon, AL 35592November 11, 1911Full Service Brick and Mortar
    1180920Westside Branch9435 Highway 18, Vernon, AL 35592August 25, 1969Limited Service Facility

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Bank of Vernon.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents