The National Bank of Middlebury
Headquarters
30 Main St
Middlebury, VT 05753
See all branch locations →
Reviewed by Sandra | January 25, 2023 |
I opened an account here over 10 years ago after becoming utterly disgusted with the big banks. I liked that they always answered the phone, minimal lines (if any) at the branches and they seemed to have a really nice "small town" touch. Not any more! While they have been merrily taking $5 a month for years for "paper statements" I never receive that they claim they can't cancel, they also failed to send out replacement debit cards in a timely manner last year. No more answered phone calls ... now you wait 15 minutes to get connected to someone the next person claims doesn't even work for the company. "Brian" cheerily tells me "they are a little behind sending out debit cards" then (at 5 minutes before closing time) suddenly starts telling me he can't hear me every time I ask him to do something. So they are getting mailed around January 14th (14 days after they expired) and should show up in 3-5 weeks. Wow. You have FIVE branches in ONE state and are that incompetent?
Fast forward a week and now I'm being told it will cost me $15 and take THREE MONTHS for me to get a new "replacement" debit card? What are you replacing? The imaginary one you never sent? In the meantime, I have ZERO access to my funds because (surprise!) I don't happen to be in Vermont.
Save your business and money for a bank that actually has one crap to give. So called "National" Bank of Middlebury no longer cares
2024 Overview
General Bank Information
The National Bank of Middlebury is an FDIC insured institution located in Middlebury, VT. It was founded in 1831 and has approximately $0.56 billion in assets. Customers can open an account at one of its 7 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 6275 |
| Date Established | 1831 |
| Assets | $ 555.32 million |
| Loans | $ 344.87 million |
| Deposits | $ 475.95 million |
| Capital | $ 30.53 million |
For a more detailed analysis of The National Bank of Middlebury's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
5.25% | 5.25% | Varies | |
Compare with 7.24 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
||||
| 10 Year Loan
See Table |
5.38% | 5.38% | $1,079.33 | |
| 15 Year Loan
See Table |
5.88% | 5.88% | $837.39 | |
| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 6.15% | 6.15% | $762.25 | |
| 4 Year | 6.15% | 6.15% | $588.85 | |
| 5 Year | 6.15% | 6.15% | $485.07 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year Adjustable Conforming See Amortization Table |
8.49% | 7.38% | $2,211.25 | |
| 5 Year Adjustable Jumbo See Amortization Table |
8.48% | 7.38% | $2,211.25 | |
| 7 Year Adjustable Conforming See Amortization Table |
8.54% | 7.88% | $2,321.33 | |
| 7 Year Adjustable Jumbo See Amortization Table |
8.52% | 7.88% | $2,321.33 | |
| 15 Year Fixed Jumbo See Amortization Table |
7.77% | 7.75% | $3,012.08 | |
| 15 Year Fixed Conforming See Amortization Table |
7.80% | 7.75% | $3,012.08 | |
| 20 Year Fixed Conforming See Amortization Table |
8.29% | 8.25% | $2,726.61 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year Adjustable Conforming See Amortization Table |
8.49% | 7.38% | $2,211.25 | |
| 5 Year Adjustable Jumbo See Amortization Table |
8.48% | 7.38% | $2,211.25 | |
| 7 Year Adjustable Conforming See Amortization Table |
8.54% | 7.88% | $2,321.33 | |
| 7 Year Adjustable Jumbo See Amortization Table |
8.52% | 7.88% | $2,321.33 | |
| 15 Year Fixed Jumbo See Amortization Table |
7.77% | 7.75% | $3,012.08 | |
| 15 Year Fixed Conforming See Amortization Table |
7.80% | 7.75% | $3,012.08 | |
| 20 Year Fixed Conforming See Amortization Table |
8.29% | 8.25% | $2,726.61 |
Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
The National Bank of Middlebury branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
The National Bank of Middlebury Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 588.42 | A | View Lobby Hours | |
| 591.53 | B | View Lobby Hours | |
| 591.57 | C | View Lobby Hours | |
| 591.78 | D | View Lobby Hours | |
| 592.76 | E | View Lobby Hours | |
| 599.65 | F | View Lobby Hours | |
| 605.01 | G | View Lobby Hours |
Climate Policy and Initiatives
The National Bank of Middlebury is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
The National Bank of Middlebury Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of The National Bank of Middlebury. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| The National Bank of Middlebury | U.S. Bank Average |
|---|---|
| 3.54% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, The National Bank of Middlebury had $1,132,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $30,528,000 in equity and $1,415,000 in loans loss reserves. That gives it a Texas Ratio of 3.54%.
Return on Equity
| The National Bank of Middlebury | U.S. Bank Average |
|---|---|
| 8.86% | 10.46% |
The National Bank of Middlebury has a Return on Equity of 8.86% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| The National Bank of Middlebury | U.S. Bank Average |
|---|---|
| 5.5% | 10.84% |
The National Bank of Middlebury has a Capitalization of 5.5% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
The National Bank of Middlebury Balance Sheet Analysis
As of June 30, 2024, The National Bank of Middlebury had assets of $555,322,000, loans of $344,873,000, and deposits of $475,950,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 12.77 million |
| Interest-bearing balances | $ 5.45 million |
| Total securities | $ 162.61 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 344.87 million |
| Loan loss allowance | $ 1.42 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 0.44 million |
| All other assets | $ 20.34 million |
| Total Assets | $ 524.79 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 475.95 million |
| Interest-bearing deposits | $ 457.35 million |
| Deposits held in domestic offices | $ 475.95 million |
| % insured (estimated) | 90.03% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 22.44 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 6.18 million |
| Total Liabilities | $ 524.79 million |
| Shareholders’ Equity | $ 30.53 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 10.22 million |
| Total Interest Expense | $ 3.05 million |
| Net interest income | $ 7.16 million |
| Provision for loan and lease losses | $ 0.05 million |
| Total non interest income | $ 1.91 million |
| Total non interest expense | $ 7.64 million |
| Pre-tax Net Operating Income | $ 1.69 million |
Bank Loan Profile?
The top three loan types in The National Bank of Middlebury’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.
Compared to other banks, The National Bank of Middlebury’s loan portfolio does not show any specific loan specialty.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 46.64 | ✓ | ||
| Multifamily Mortgages |
2.05 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 3.46 | ✓ | ||
| Small Business Loans | 9.49 | ✓ | ||
| Construction and Development Loans | 2.48 | ✓ | ||
| Commercial Real Estate | 19.15 | ✓ | ||
| Commercial and Industrial Loans | 7.05 | ✓ | ||
| Farm Loans | 0.22 | ✓ | ||
Customer Reviews for The National Bank of Middlebury
Sandra
January 25, 2023 |
I opened an account here over 10 years ago after becoming utterly disgusted with the big banks. I liked that they always answered the phone, minimal lines (if any) at the branches and they seemed to have a really nice "small town" touch. Not any more! While they have been merrily taking $5 a month for years for "paper statements" I never receive that they claim they can't cancel, they also failed to send out replacement debit cards in a timely manner last year. No more answered phone calls ... now you wait 15 minutes to get connected to someone the next person claims doesn't even work for the company. "Brian" cheerily tells me "they are a little behind sending out debit cards" then (at 5 minutes before closing time) suddenly starts telling me he can't hear me every time I ask him to do something. So they are getting mailed around January 14th (14 days after they expired) and should show up in 3-5 weeks. Wow. You have FIVE branches in ONE state and are that incompetent?
Fast forward a week and now I'm being told it will cost me $15 and take THREE MONTHS for me to get a new "replacement" debit card? What are you replacing? The imaginary one you never sent? In the meantime, I have ZERO access to my funds because (surprise!) I don't happen to be in Vermont.
Save your business and money for a bank that actually has one crap to give. So called "National" Bank of Middlebury no longer cares
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