Community National Bank

Report generated from DepositInsuredBanks.com
DepositInsuredBanks.com


Overview

FDIC Cert 6271
Address
4811 U.S. Route 5, Derby, VT 5829
FDIC Unique Number 4235
Federal Reserve ID 270504
Federal Reserve ID for Bank Holding Company 1115040
OCC Charter Number 1368
OTS Docket Number 9996
MSA
County Orleans
Website http://www.communitynationalbank.com
Established On 01/15/1851
Insured On 01/01/1934
Holding Company Community Bancorp
Regulator Office of the Comptroller of the Currency
Asset Concentration Commercial Lending Specialization
Ownership Type
Domestic Offices 15
Foreign Offices
Bank Charter Class N - Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)

Recent Changes

Change in Location

Financial Snapshot

USD, Thousands
Total Assets 588,386
Total Deposits 479,638
Domestic Deposits 479,638
Bank Equity Capital 63,220
Year to Date Quarterly
Net Income USD, 000 3,991 1,564
Return on Assets 0.91% 1.07%
Return on Equity 8.56% 9.98%
Pre-Tax Return on Assets 1.26% 1.5%
as of 09/30/2015

Financial Health

As of 09/30/2015
Low Risk

The Texas ratio is a measure of a bank's credit troubles. It is a way to measure how risky a bank is. The higher the Texas ratio, the more severe the credit troubles. Any bank with a TX Ratio near or greater than 100% is considered at risk. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

Community National Bank has a texas ratio of 10.37 which puts it at low risk. As of 09/30/2015 the bank had $6,019 Non Current Loans and Leases, $1,058 Other Real Estate Owned, $63,220 Total Equity Capital and $5,016 Loan Loss Allowance.

Historical Texas Ratios

Date Non Current Loans and Leases Other Real Estate Owned Total Equity Capital Loan Loss Allowance TX Ratio
09/30/2015 $6,019 $1,058 $63,220 $5,016 10.37
06/30/2015 $5,540 $1,123 $62,161 $5,095 9.91
03/31/2015 $5,264 $1,239 $62,008 $5,003 9.7
12/31/2014 $5,279 $1,239 $61,337 $4,906 9.84
09/30/2014 $5,599 $1,098 $60,362 $4,886 10.26
06/30/2014 $5,823 $917 $59,552 $4,877 10.46
03/31/2014 $4,931 $866 $58,987 $4,838 9.08
12/31/2013 $5,637 $1,106 $58,490 $4,855 10.64
09/30/2013 $5,371 $1,125 $57,427 $4,799 10.44
06/30/2013 $4,325 $2,172 $56,596 $4,522 10.63
03/31/2013 $5,326 $880 $56,191 $4,493 10.23
12/31/2012 $5,136 $1,075 $55,650 $4,312 10.36
09/30/2012 $5,787 $1,150 $55,716 $4,115 11.59
06/30/2012 $7,629 $1,010 $54,259 $3,926 14.85
03/31/2012 $8,964 $220 $53,722 $3,952 15.92
12/31/2011 $9,195 $90 $53,227 $3,887 16.26
09/30/2011 $8,201 $0 $52,550 $3,836 14.54
06/30/2011 $6,024 $131 $52,310 $3,851 10.96
03/31/2011 $5,058 $765 $51,843 $3,710 10.48
12/31/2010 $5,784 $1,211 $51,437 $3,728 12.68
09/30/2010 $5,465 $1,071 $50,166 $3,706 12.13
06/30/2010 $5,700 $1,070 $49,934 $3,439 12.68
03/31/2010 $6,069 $718 $49,715 $3,546 12.74
12/31/2009 $4,402 $743 $49,196 $3,451 9.77
09/30/2009 $5,270 $585 $48,316 $3,482 11.3
06/30/2009 $3,685 $770 $48,296 $3,375 8.62
03/31/2009 $2,979 $185 $47,312 $3,312 6.25

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Assets and Liabilities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total employees (full-time equivalent) 132 136 136 137 140 Chart
Total Assets 588,386 575,989 585,143 586,090 571,647 Chart
Cash & Balances due from depository institutions 16,975 21,187 17,332 24,962 10,853 Chart
Interest-bearing balances 5,675 9,953 7,041 13,027 21 Chart
Securities 75,807 55,210 74,638 74,758 77,237 Chart
Federal funds sold and reverse repurchase 0 0 0 0 0 Chart
Net loans and leases 451,909 455,055 449,201 443,228 439,718 Chart
Loan loss allowance 5,016 5,095 5,003 4,906 4,886 Chart
Trading account assets 0 0 0 0 0 Chart
Bank premises and fixed assets 11,291 11,703 11,859 11,489 11,629 Chart
Other real estate owned 1,058 1,123 1,239 1,239 1,098 Chart
Goodwill and other intangibles 13,484 13,554 13,630 13,704 13,787 Chart
All other assets 17,862 18,157 17,244 16,710 17,325 Chart
Total Liabilities and Capital 588,386 575,989 585,143 586,090 571,647 Chart
Total Liabilities 525,166 513,828 523,135 524,753 511,285 Chart
Total deposits 479,638 455,882 477,774 493,499 474,992 Chart
Interest-bearing deposits 451,912 428,619 453,247 466,140 445,794 Chart
Deposits held in domestic offices 479,638 455,882 477,774 493,499 474,992 Chart
% insured (estimated) 83% 86% 83% 80% 84% Chart
Federal funds purchased and repurchase agreements 21,978 24,403 28,230 28,543 23,360 Chart
Trading liabilities 0 0 0 0 0 Chart
Other borrowed funds 20,579 30,600 15,620 640 10,834 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 2,971 2,943 1,511 2,071 2,099 Chart
Total equity capital 63,220 62,161 62,008 61,337 60,362 Chart
Bank equity capital 63,220 62,161 62,008 61,337 60,362 Chart
Perpetual preferred stock 0 0 0 0 0 Chart
Common stock 350 350 350 350 350 Chart
Surplus 19,254 19,254 19,254 19,254 19,254 Chart
Undivided profits 43,616 42,557 42,404 41,733 40,758 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 6,019 5,540 5,264 5,279 5,599 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 872 1,010 1,227 656 870 Chart
Income earned, not collected on loans 1,687 1,578 2,059 1,698 1,689 Chart
Earning assets 533,391 520,218 530,880 531,013 516,976 Chart
Long-term assets (5+ years) 219,591 222,576 218,359 218,628 213,589 Chart
Average total assets 583,902 582,407 585,617 575,039 572,276 Chart
Average assets, quarterly 582,188 580,566 585,617 578,869 566,689 Chart
Total risk weighted assets adjusted 422,343 418,350 409,762 398,092 397,618 Chart
Adjusted average assets for leverage capital purposes 575,211 570,720 566,821 568,625 567,044 Chart
Life insurance assets 4,494 4,466 4,440 4,414 4,385 Chart
General account life insurance assets 3,178 3,158 3,140 3,121 3,101 Chart
Separate account life insurance assets 0 0 0 0 0 Chart
Hybrid life insurance assets 1,316 1,308 1,300 1,293 1,284 Chart
Volatile liabilities 51,352 63,751 53,584 39,128 44,741 Chart
Insider loans 16,363 10,687 10,872 10,998 9,806 Chart
FHLB advances 20,000 30,000 15,000 0 10,175 Chart
Loans and leases held for sale 1,199 361 1,326 26 326 Chart
Unused loan commitments 112,576 113,412 102,151 100,912 85,168 Chart
Tier one (core) capital 51,304 50,314 50,007 48,952 47,982 Chart
Tier 2 Risk-based capital 5,060 5,139 5,047 4,950 4,930 Chart
Total unused commitments 112,576 113,412 102,151 100,912 85,168 Chart
Derivatives 5,903 4,088 5,053 1,587 2,103 Chart

Income and Expenses

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total interest income 17,549 11,612 5,863 22,938 17,153 Chart
Total interest expense 1,727 1,197 627 2,654 2,031 Chart
Net interest income 15,822 10,415 5,236 20,284 15,122 Chart
Provision for loan and lease losses 375 300 150 540 405 Chart
Total noninterest income 3,809 2,514 1,213 5,112 3,866 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 923 609 305 1,341 1,012 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 2,886 1,905 908 3,771 2,854 Chart
Total noninterest expense 13,749 9,311 4,723 17,730 13,364 Chart
Salaries and employee benefits 6,900 4,675 2,319 8,732 6,561 Chart
Premises and equipment expense 1,976 1,300 690 2,467 1,900 Chart
Additional noninterest expense 4,873 3,336 1,714 6,531 4,903 Chart
Pre-tax net operating income 5,507 3,318 1,576 7,126 5,219 Chart
Securities gains (losses) 3 3 0 28 28 Chart
Applicable income taxes 1,519 894 353 1,575 1,158 Chart
Income before extraordinary items 3,991 2,427 1,223 5,579 4,089 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income 3,991 2,427 1,223 5,579 4,089 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests 3,991 2,427 1,223 5,579 4,089 Chart
Net charge-offs 265 111 54 489 374 Chart
Cash dividends 2,212 1,610 686 2,772 2,184 Chart
Sale, conversion, retirement of capital stock, net 0 0 0 0 0 Chart
Net operating income 3,989 2,425 1,223 5,557 4,067 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 75,807 55,210 74,638 74,758 77,237 Chart
U.S. Government securities 28,149 29,471 31,806 32,947 29,167 Chart
U.S. Treasury securities 3,003 3,003 4,008 4,001 4,002 Chart
U.S. Government agency obligations 25,146 26,468 27,798 28,946 25,165 Chart
Securities issued by states & political subdivisions 47,658 25,739 42,832 41,811 48,070 Chart
Other domestic debt securities 0 0 0 0 0 Chart
Privately issued residential mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage-backed securities - Total 0 0 0 0 0 Chart
Asset backed securities 0 0 0 0 0 Chart
Structured financial products - Total 0 0 0 0 0 Chart
Other domestic debt securities - All other 0 0 0 0 0 Chart
Foreign debt securities 0 0 0 0 0 Chart
Equity securities 0 0 0 0 0 Chart
Assets held in trading accounts for TFR Reporters 0 0 0 0 0 Chart
General valuation allowances for securities for TFR Reporters 0 0 0 0 0 Chart
Memoranda
Pledged securities 28,149 27,196 31,807 32,947 26,766 Chart
Mortgage-backed securities 11,198 11,560 8,794 9,039 9,279 Chart
Certificates of participation in pools of residential mortgages 11,198 11,560 8,794 9,039 9,279 Chart
Issued or guaranteed by U.S. 11,198 11,560 8,794 9,039 9,279 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 0 0 0 0 0 Chart
CMOs issued by government agencies or sponsored agencies 0 0 0 0 0 Chart
Privately issued 0 0 0 0 0 Chart
Commercial mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage pass-through securities 0 0 0 0 0 Chart
Other commercial mortgage-backed securities 0 0 0 0 0 Chart
Held to maturity securities (book value) 47,658 25,739 42,832 41,811 48,070 Chart
Available-for-sale securities (fair market value) 28,149 29,471 31,806 32,947 29,167 Chart
Total debt securities 75,807 55,210 74,639 74,758 77,237 Chart
Structured Notes
Amortized cost 0 0 0 0 1,000 Chart
Fair value 0 0 0 0 999 Chart
Trading account assets 0 0 0 0 0 Chart
Revaluation gains on off-balance sheet contracts 0 0 0 0 0 Chart
Revaluation losses on off-balance sheet contracts 0 0 0 0 0 Chart

Performance and Condition Ratios

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
% of unprofitable institutions N/A N/A N/A N/A N/A Chart
% of insitutions with earnings gains N/A N/A N/A N/A N/A Chart
Performance Ratios (%, annualized)
Yield on earning assets 4.42% 4.40% 4.42% 4.43% 4.45% Chart
Cost of funding earning assets 0.44% 0.45% 0.47% 0.51% 0.53% Chart
Net interest margin 3.99% 3.95% 3.94% 3.92% 3.92% Chart
Noninterest income to average assets 0.87% 0.86% 0.83% 0.89% 0.90% Chart
Noninterest expense to average assets 3.14% 3.20% 3.23% 3.08% 3.11% Chart
Loan and lease loss provision to assets 0.09% 0.10% 0.10% 0.09% 0.09% Chart
Net operating income to assets 0.91% 0.83% 0.84% 0.97% 0.95% Chart
Return on assets (ROA) 0.91% 0.83% 0.84% 0.97% 0.95% Chart
Pretax return on assets 1.26% 1.14% 1.08% 1.24% 1.22% Chart
Return on Equity (ROE) 8.56% 7.85% 7.93% 9.34% 9.19% Chart
Retained earnings to average equity (YTD only) 3.81% 2.64% 3.48% 4.70% 4.28% Chart
Net charge-offs to loans 0.08% 0.05% 0.05% 0.11% 0.11% Chart
Credit loss provision to net charge-offs 141.51% 270.27% 277.78% 110.43% 108.29% Chart
Earnings coverage of net charge-offs (x) 22.20% 32.59% 31.96% 15.68% 15.04% Chart
Efficiency ratio 68.99% 70.96% 72.18% 68.74% 69.30% Chart
Assets per employee ($millions) 4.46% 4.24% 4.30% 4.28% 4.08% Chart
Cash dividends to net income (YTD only) 55.42% 66.34% 56.09% 49.69% 53.41% Chart
Condition Ratios (%)
Loss allowance to loans 1.10% 1.11% 1.10% 1.09% 1.10% Chart
Loan loss allowance to noncurrent loans 83.34% 91.97% 95.04% 92.93% 87.27% Chart
Noncurrent assets plus other real estate owned to assets 1.20% 1.16% 1.11% 1.11% 1.17% Chart
Noncurrent loans to loans 1.32% 1.20% 1.16% 1.18% 1.26% Chart
Net loans and leases to total assets 76.80% 79.00% 76.77% 75.62% 76.92% Chart
Net loans and leases to deposits 94.22% 99.82% 94.02% 89.81% 92.57% Chart
Net loans and leases to core deposits 100.44% 107.29% 100.12% 95.76% 99.03% Chart
Total domestic deposits to total assets 81.52% 79.15% 81.65% 84.20% 83.09% Chart
Equity capital to assets 10.74% 10.79% 10.60% 10.47% 10.56% Chart
Core capital (leverage) ratio 8.92% 8.82% 8.82% 8.61% 8.46% Chart
Tier 1 risk-based capital ratio 12.15% 12.03% 12.20% 12.30% 12.07% Chart
Total risk-based capital ratio 13.35% 13.26% 13.44% 13.54% 13.31% Chart
Memoranda
Average total assets 583,902 582,407 585,617 575,039 572,276 Chart
Average earning assets 528,876 527,370 530,947 517,768 514,457 Chart
Average equity 62,182 61,835 61,673 59,746 59,348 Chart
Average loans 454,853 454,163 451,169 447,547 447,401 Chart