Mount Vernon Bank
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Data as of · sourced from FFIEC call reports. How we update
Mount Vernon Bank is an FDIC-insured commercial bank headquartered in Mount Vernon, GA, established in 1901 (FDIC certificate 8028), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $217.6M, up 12.8% from Q2 2025, the 84th largest of 121 banks headquartered in Georgia. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.26% 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
- 8028
- Headquarters
- Mount Vernon, GA
- Established
- 1901
- Total assets, Q2 2026
- $217.6M
- Assets vs Q2 2025
- +12.8%
- Tier 1 leverage ratio, Q2 2026
- 10.26%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 061206681
- Holding company
- HEART OF GEORGIA BANCSHARES, INC.
- Asset rank in state
- 84th of 121 in Georgia
Mount Vernon Bank, based in Mount Vernon, Georgia, reported $218 million in assets at June 30, 2026, up 12.8% from a year earlier. It grew its loan book 19.7% over the year, 3.6 times the median of 5.5% for the 2,660 banks with $100 million to $1 billion in assets. It also keeps 4.65 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.95 cents).
Loans are outrunning deposits: over the year loans rose 19.7% and deposits rose 10.8%. Paper losses on its bond portfolio are shrinking: unrealized losses of $6.5 million equal 31% of Tier 1 capital, down from 42% a year earlier. One more trend to watch: net income for the quarter slipped 25% from a year earlier, to $674,000.
As of June 30, 2026, Mount Vernon Bank reported a return on assets of 1.30%, a nonperforming-loan ratio of 0.64% and a Texas ratio of 5.64%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Mount Vernon Bank is the 84th largest of the 121 banks headquartered in Georgia. Between Q1 2026 and Q2 2026, its total assets rose 11.8% to $217.6M, loans rose 7.2% and deposits rose 10.8%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 27.2% of total loans, followed by 1-4 family residential loans at 24.6%. Its 5 offices in the FDIC Summary of Deposits are in 4 cities in GA; its Vidalia 2 offices book 57% of its branch deposits. Judged on its Q2 2026 call report, Mount Vernon Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 115 N Railroad Ave, Mount Vernon, GA 30445
- County
- Montgomery
- Metro Area
- Vidalia, GA
- 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
- January 24, 1901
- Former names
- Citizens Bank & Trust Company of Mount Vernon (1990-1995); Bank South, Mount Vernon (1987-1990)
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 41
- Domestic deposits
- $199.7M
- Allowance for credit losses
- $1.8M
- Net charge-offs (YTD)
- $0
- Average total assets
- $206.8M
- Average total loans
- $138.7M
- Average interest-bearing deposits
- $138.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8028
- Fed RSSD
- 807432
- SEC CIK
- 1470113 → filed by HEART OF GEORGIA BANCSHARES, INC.
- Website
- www.mountvernon.bank →
- Parent Holding Company
- HEART OF GEORGIA BANCSHARES, INC. (RSSD 2349516)
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, Mount Vernon Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Mount Vernon Bank's total assets moved between a low of $168.7M (Q4 2023) and a high of $217.6M (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
$217.6M total assets against $192.8M; $201.8M total liabilities against $181.7M.
$141.9M net loans and leases against $118.7M; $199.7M total deposits against $180.2M.
$41.7M securities against $38.5M; $20.1M cash and balances due against $26.6M.
$3.2M total interest income against $3.0M; $887K total interest expense against $881K.
$2.3M net interest income against $2.1M.
$205K total noninterest income against $187K; $1.8M total noninterest expense against $1.3M.
$60K provision for credit losses against $50K.
$674K net income against $898K.
1.30% return on assets against 1.89%; 4.65% net interest margin against 4.50%.
10.26% tier 1 leverage ratio against 9.73%.
Inside the full Mount Vernon Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeMount Vernon Bank rankings
Its closest position to the top of a national ranking is 1,198 of 3,640, for Texas Ratio; its furthest is 2,676 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.25% (Q4 2025) to 1.89% (Q2 2025) and its net interest margin ran from 3.59% (Q3 2024) to 4.65% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.26% | 1.30% | 0.64% | 5.64% | 4.65% |
| Q1 2026 | 9.97% | 1.26% | 2.14% | 20.45% | 4.55% |
| Q4 2025 | 9.94% | 1.25% | 2.06% | 17.86% | 4.57% |
| Q3 2025 | 9.88% | 1.61% | 0.45% | 4.07% | 4.47% |
| Q2 2025 | 9.73% | 1.89% | 0.48% | 4.84% | 4.50% |
| Q1 2025 | 9.57% | 1.79% | 0.05% | 0.48% | 4.25% |
| Q4 2024 | 9.31% | 1.51% | 0.49% | 5.27% | 4.00% |
| Q3 2024 | 9.25% | 1.30% | 0.48% | 4.50% | 3.59% |
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 |
|---|---|---|---|
| Vidalia Branch | Vidalia , GA | 30474 | $87.5M |
| Mount Vernon Bank (main office) | Mount Vernon , GA | 30445 | $63.6M |
| West First Street Branch | Vidalia , GA | 30474 | $27.2M |
| Bank of Lumber City Branch | Lumber City , GA | 31549 | $15.1M |
| Telfair County Bank Branch | Mcrae Helena , GA | 31055 | $6.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| May 15, 2026 | Structure Change | Acquired Bank of Lumber City Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 1 event.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in GA, rank 112 of 177 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $1.2M approved, $1.2M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2010 (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 Mount Vernon Bank
What are Mount Vernon Bank's total assets?
As of the Q2 2026 filing, Mount Vernon Bank reported total assets of $217.6 million in its FFIEC call report.
Where is Mount Vernon Bank headquartered?
It is headquartered in Mount Vernon, GA, United States.
When was Mount Vernon Bank founded?
It was established in 1901, per the FDIC institution directory.
Is Mount Vernon Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8028). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Mount Vernon Bank?
Mount Vernon Bank's primary federal regulator is the FDIC.
How many branches does Mount Vernon Bank 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 Mount Vernon Bank's Texas Ratio?
Its Texas Ratio is 5.64% 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.
What was Mount Vernon Bank previously called?
The charter now named Mount Vernon Bank has also operated as Citizens Bank & Trust Company of Mount Vernon (1990-1995), Bank South, Mount Vernon (1987-1990), per FDIC structure-change records.
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