The Bank of Vernon
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Data as of · sourced from FFIEC call reports. How we update
The Bank of Vernon is an FDIC-insured commercial bank headquartered in Vernon, AL, established in 1911 (FDIC certificate 51), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $445.4M, up 14.6% from Q2 2025, the 33rd largest of 93 banks headquartered in Alabama. It reports no CET1 ratio; its Tier 1 leverage ratio was 16.60% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 51
- Headquarters
- Vernon, AL
- Established
- 1911
- Total assets, Q2 2026
- $445.4M
- Assets vs Q2 2025
- +14.6%
- Tier 1 leverage ratio, Q2 2026
- 16.60%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 062203874
- Latest call report
- Q2 2026, FFIEC 051 · The Bank of Vernon call report
- Holding company
- FIRST VERNON BANCSHARES, INC.
- Asset rank in state
- 33rd of 93 in Alabama
Problem loans are rising at The Bank of Vernon. It reported $445 million in assets at June 30, 2026, up 14.6% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.47% of loans from 0.10% a year earlier. It funds 16.60% of its assets with Tier 1 capital, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). It also grew its loan book 19.3% over the year, 3.5 times the median of 5.5% for banks its size.
Earnings fell sharply: quarterly net income of $756,000 was 47% below a year earlier. The commercial and industrial book ($100 million) is worsening: 4.94% of it is past due or on nonaccrual, up from 0.55% a year earlier. Profitability lags: it returns 4.3% a year on shareholders' equity, about a third the median of 12.5% for banks its size.
As of June 30, 2026, The Bank of Vernon reported a return on assets of 0.69%, a nonperforming-loan ratio of 0.47% and a Texas ratio of 2.98%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, The Bank of Vernon is the 33rd largest of the 93 banks headquartered in Alabama. From Q1 2026 to Q2 2026, its total assets rose 4.1% to $445.4M, loans rose 2.4% and deposits rose 4.8%. Commercial and industrial loans made up 29.9% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 23.3%. Its 5 offices in the FDIC Summary of Deposits are in Vernon, AL, Columbus, MS and Caledonia, MS; its Vernon 2 offices book 58% of its branch deposits. On its Q2 2026 call report, The Bank of Vernon meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 44825 Highway 17, Vernon, AL 35592
- County
- Lamar
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- November 11, 1911
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 63
- Domestic deposits
- $373.6M
- Allowance for credit losses
- $4.8M
- Net charge-offs (YTD)
- $158K
- Average total assets
- $438.5M
- Average total loans
- $325.9M
- Average interest-bearing deposits
- $282.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 51
- Fed RSSD
- 382537
- Website
- www.bankofvernon.bank →
- Parent Holding Company
- FIRST VERNON BANCSHARES, INC. (RSSD 1139998)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, The Bank of Vernon reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
The Bank of Vernon's total assets moved between a low of $318.1M (Q3 2023) and a high of $445.4M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$445.4M total assets against $388.8M; $375.3M total liabilities against $324.9M.
$327.9M net loans and leases against $276.1M; $373.6M total deposits against $323.4M.
$53.1M securities against $58.6M; $48.4M cash and balances due against $42.4M.
$7.3M total interest income against $6.4M; $2.3M total interest expense against $2.1M.
$5.0M net interest income against $4.3M.
$543K total noninterest income against $470K; $2.6M total noninterest expense against $2.1M.
$1.3M provision for credit losses against $509K.
$756K net income against $1.4M.
0.69% return on assets against 1.51%; 4.83% net interest margin against 4.73%.
16.60% tier 1 leverage ratio against 17.97%.
Inside the full The Bank of Vernon terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe Bank of Vernon rankings
Its closest position to the top of a national ranking is 465 of 3,606, for efficiency ratio; its furthest is 3,034 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.69% (Q2 2026) to 1.90% (Q3 2025) and its net interest margin ran from 4.08% (Q4 2024) to 5.02% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.60% | 0.69% | 0.47% | 2.98% | 4.83% |
| Q1 2026 | 17.09% | 1.86% | 0.12% | 1.02% | 4.77% |
| Q4 2025 | 17.23% | 0.89% | 0.10% | 1.41% | 5.02% |
| Q3 2025 | 17.77% | 1.90% | 0.02% | 1.77% | 4.96% |
| Q2 2025 | 17.97% | 1.51% | 0.10% | 2.20% | 4.73% |
| Q1 2025 | 17.92% | 1.22% | 0.77% | 3.64% | 4.34% |
| Q4 2024 | 17.81% | 1.07% | 0.78% | 3.65% | 4.08% |
| Q3 2024 | 18.41% | 1.25% | 0.67% | 2.48% | 4.14% |
Swipe the table sideways to see every column.
Branch Network
View all 5 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The Bank of Vernon | Vernon , AL | 35592 | $177.5M |
| Columbus Branch | Columbus , MS | 39705 | $75.6M |
| Caledonia Branch | Caledonia , MS | 39740 | $42.1M |
| Westside Branch | Vernon , AL | 35592 | $40.7M |
| East Columbus Branch | Columbus , MS | 39702 | $37.7M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in AL, rank 76 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $234K approved, $234K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2018 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about The Bank of Vernon
What are The Bank of Vernon's total assets?
As of the Q2 2026 filing, The Bank of Vernon reported total assets of $445.4 million in its FFIEC call report.
Where is The Bank of Vernon headquartered?
It is headquartered in Vernon, AL, United States.
When was The Bank of Vernon founded?
It was established in 1911, per the FDIC institution directory.
Is The Bank of Vernon FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #51). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Bank of Vernon?
The Bank of Vernon's primary federal regulator is the FDIC.
How many branches does The Bank of Vernon operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Bank of Vernon's Texas Ratio?
Its Texas Ratio is 2.98% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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