Bank of Morton in Morton, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches


Bank of Morton - Overview

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

Income and Expense (December 31, 2011)

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

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.13%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 5.24%Net interest margin
  • 1.18%Noninterest income to earning assets
  • 3.66%Noninterest expense to earning assets
  • 2.50%Net operating income to assets
  • 1.68%Return on assets (ROA)
  • 1.68%Pretax return on assets
  • 15.13%Return on equity (ROE)
  • 3.46%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 32.22%Efficiency ratio
  • 57,024Assets per employee
  • 3.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.13%Loss allowance to loans
  • 0.55%Loss allowance to noncurrent loans
  • 41.01%Noncurrent assets plus other real estate owned to assets
  • 1.40%Noncurrent loans to loans
  • 1.35%Net loans and leases to deposits
  • 77.69%Net loans and leases to core deposits
  • 84.63%Equity capital to assets
  • 11.37%Core capital (leverage) ratio
  • 13.15%Tier 1 risk-based capital ratio
  • 19.60%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $58,110Average earning assets
  • $6,444Average equity
  • $52,545Average loans

List of branches

  • 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

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