Mount Vernon Bank and Trust Company
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Data as of · sourced from FFIEC call reports. How we update
Mount Vernon Bank and Trust Company is an FDIC-insured commercial bank headquartered in Mount Vernon, IA, established in 1884 (FDIC certificate 10494), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $195.5M, up 7.7% from Q2 2025, the 145th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.03% 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
- 10494
- Headquarters
- Mount Vernon, IA
- Established
- 1884
- Total assets, Q2 2026
- $195.5M
- Assets vs Q2 2025
- +7.7%
- Tier 1 leverage ratio, Q2 2026
- 13.03%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 073904751
- Latest call report
- Q2 2026, FFIEC 051 · Mount Vernon Bank and Trust Company call report
- Holding company
- MOUNT VERNON BANCORP.
- Asset rank in state
- 145th of 225 in Iowa
Mount Vernon Bank and Trust Company, based in Mount Vernon, Iowa, reported $195 million in assets at June 30, 2026, up 7.7% from a year earlier. It keeps 3.20 cents of net interest income on every dollar of earning assets, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). On the other hand, it spends about 49 cents to bring in each dollar of revenue, lower than about three-quarters of banks its size (median 61 cents).
Earnings jumped: net income for the quarter was $630,000, 33% above the same quarter a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $3.9 million equal 15% of Tier 1 capital, down from 21% a year earlier.
As of June 30, 2026, Mount Vernon Bank and Trust Company reported a return on assets of 1.28%, a nonperforming-loan ratio of 0.21% and a Texas ratio of 1.23%. The figures come from its call report filed with the FFIEC.
Mount Vernon Bank and Trust Company ranks as the 145th largest of the 225 banks based in Iowa, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets were flat, loans rose 3.2% and deposits rose 0.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 49.8% of total loans, ahead of farmland and other real estate loans at 15.7%. Its one office in the FDIC Summary of Deposits is in Mount Vernon, IA. On its Q2 2026 call report, Mount Vernon Bank and Trust Company meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 206 1st St Sw, Mount Vernon, IA 52314
- County
- Linn
- Metro Area
- Cedar Rapids, IA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- January 1, 1884
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 20
- Domestic deposits
- $165.7M
- Allowance for credit losses
- $1.2M
- Net charge-offs (YTD)
- $0
- Average total assets
- $197.3M
- Average total loans
- $136.7M
- Average interest-bearing deposits
- $139.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10494
- Fed RSSD
- 890649
- Website
- www.mountvernonbank.com →
- Parent Holding Company
- MOUNT VERNON BANCORP. (RSSD 1140912)
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 and Trust Company reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Mount Vernon Bank and Trust Company's total assets ran between $181.3M (Q3 2025) and $195.6M (Q1 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
$195.5M total assets against $181.5M; $172.7M total liabilities against $161.2M.
$137.4M net loans and leases against $126.3M; $165.7M total deposits against $150.2M.
$39.5M securities against $42.1M; $12.7M cash and balances due against $7.7M.
$2.4M total interest income against $2.2M; $898K total interest expense against $956K.
$1.5M net interest income against $1.2M.
$164K total noninterest income against $179K; $836K total noninterest expense against $791K.
$30K provision for credit losses against $35K.
$630K net income against $472K.
1.28% return on assets against 1.04%; 3.20% net interest margin against 2.82%.
13.03% tier 1 leverage ratio against 13.34%.
Inside the full Mount Vernon Bank and Trust Company terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeMount Vernon Bank and Trust Company rankings
Its closest position to the top of a national ranking is 740 of 3,606, for efficiency ratio; its furthest is 2,992 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.47% (Q3 2024) to 1.28% (Q2 2026) and its net interest margin ran from 2.32% (Q3 2024) to 3.20% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.03% | 1.28% | 0.21% | 1.23% | 3.20% |
| Q1 2026 | 12.93% | 1.27% | 0.04% | 0.26% | 3.17% |
| Q4 2025 | 13.28% | 1.08% | 0.31% | 1.85% | 3.12% |
| Q3 2025 | 13.23% | 0.98% | 0.49% | 2.89% | 2.94% |
| Q2 2025 | 13.34% | 1.04% | 0.00% | 0.00% | 2.82% |
| Q1 2025 | 12.84% | 0.94% | 0.00% | 0.00% | 2.61% |
| Q4 2024 | 12.58% | 0.53% | 0.00% | 0.00% | 2.37% |
| Q3 2024 | 12.37% | 0.47% | 0.02% | 0.12% | 2.32% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 |
|---|---|---|---|
| Mount Vernon Bank and Trust Company (main office) | Mount Vernon , IA | 52314 | $165.7M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in IA, rank 161 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 138 applications, 133 loans originated, $20.8M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $478K approved, $478K average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2011 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 and Trust Company
What are Mount Vernon Bank and Trust Company's total assets?
As of the Q2 2026 filing, Mount Vernon Bank and Trust Company reported total assets of $195.5 million in its FFIEC call report.
Where is Mount Vernon Bank and Trust Company headquartered?
It is headquartered in Mount Vernon, IA, United States.
When was Mount Vernon Bank and Trust Company founded?
It was established in 1884, per the FDIC institution directory.
Is Mount Vernon Bank and Trust Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10494). 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 and Trust Company?
Mount Vernon Bank and Trust Company's primary federal regulator is the FDIC.
How many branches does Mount Vernon Bank and Trust Company operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Mount Vernon Bank and Trust Company's Texas Ratio?
Its Texas Ratio is 1.23% 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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