Bank of Morton in Morton, Mississippi (MS)



Show street view No street view available for this location

Bank of Morton routing number info

Table of contents:
Bank of Morton
GeneralFDIC Certificate #: 8556
Status: Active
Federal Reserve ID: 897330
Bank Holding Company (Regulatory Top Holder): Morton Bancorp, Inc. (RSSDID: 3073911, Location: Morton, MS)
Date Established: January 01, 1904
WWW: http://www.bankofmorton.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 12729
FDIC's unique #: 5462
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 03, 2007
Last Structure Change Process Date: July 05, 2007
Last Data Update: July 05, 2007
Data Source Date: April 05, 2012
LocationAddress: 366 South 4th Street, Morton, MS 39117
County: Scott
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Jackson Ms
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of ChangesChange in Location
Financial SummaryTotal assets: $57.5 mil
Equity capital: $6.5 mil
Deposits held in domestic offices: $49.2 mil
Return on assets (ROA): 1.68% ($1.0 mil)
Quarterly return on assets: 2.34% ($1.3 mil)
Return on Equity (ROE): 15.13% ($1.1 mil)
Quarterly return on equity: 20.92% ($1.5 mil)
Net income: $1.0 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.68% ($965.8 mil)
Quarterly Pretax return on assets: 2.34% ($1,345.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)16
Total assets$57,489
Cash and due from depository institutions$2,362
Interest-bearing balances$462
Securities$9,010
Federal funds sold & reverse repurchase agreements$3,750
Net loans & leases$38,216
Loan loss allowance $212
Trading account assets$0
Bank premises and fixed assets$513
Other real estate owned$289
Goodwill and other intangibles$0
All other assets$3,349
Life insurance assets$57,489
Total liabilities and capital$50,954
Total liabilities$49,188
Total deposits$38,581
Interest-bearing deposits$49,188
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,766
All other liabilities $6,535
Total equity capital$6,535
Total bank equity capital$6,535
Perpetual preferred stock$0
Common stock$361
Surplus$3,624
Undivided profits $2,550
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $517
Earning assets $0
Long-term assets (5+ years) $263
Average Assets, year-to-date $51,438
Average Assets, quarterly $11,617
Volatile liabilities $58,110
Insider loans $57,677
FHLB advances $38,775
Loans and leases held for sale $57,819
Unused loan commitments $2,458
Tier 1 (core) risk-based capital $2,458
Tier 2 risk-based capital $7,601
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,332
Derivatives$1,080
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,223
Total interest expense $471
Net interest income $2,752
Provision for loan and lease losses $0
Total noninterest income $622
Fiduciary activities $0
Service charges on deposit accounts $439
Trading account gains & fees $0
Additional noninterest income $183
Total noninterest expense $1,924
Salaries and employee benefits $1,253
Premises and equipment expense $220
Additional noninterest expense $451
Pre-tax net operating income $1,450
Securities gains (losses) -$475
Applicable income taxes $0
Income before extraordinary items $975
Extraordinary gains - net $0
Net income attributable to bank $975
Net charge-offs $0
Cash dividends $975
Sale, conversion, retirement of capital stock, net $45
Net operating income $752
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.13%
Cost of funding earning assets 0.90%
Net interest margin 5.24%
Noninterest income to earning assets 1.18%
Noninterest expense to earning assets 3.66%
Net operating income to assets 2.50%
Return on assets (ROA) 1.68%
Pretax return on assets 1.68%
Return on equity (ROE) 15.13%
Retained earnings to average equity (YTD only) 3.46%
Net charge-offs to loans 0.12%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio32.22%
Assets per employee$57,024
Cash dividends to net income (YTD only)3.59%
Condition Ratios (%)
Loss allowance to loans 77.13%
Loss allowance to noncurrent loans 0.55%
Noncurrent assets plus other real estate owned to assets 41.01%
Noncurrent loans to loans 1.40%
Net loans and leases to deposits1.35%
Net loans and leases to core deposits 77.69%
Equity capital to assets 84.63%
Core capital (leverage) ratio 11.37%
Tier 1 risk-based capital ratio 13.15%
Total risk-based capital ratio 19.60%
Memoranda
Average assets$20
Average earning assets$58,110
Average equity $6,444
Average loans $52,545
Back to page top, Back to table top

1 Mississippi Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05462Bank Of Morton366 South 4th Street, Morton, MS 39117January 01, 1904Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of Morton.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.