Morgan Federal Bank in Fort Morgan, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Morgan Federal Bank in Fort Morgan, Colorado (CO)
  • Show street view No street view available for this location

Morgan Federal Bank - Overview

  • General
  • FDIC Certificate #: 29439
    Status: Active
    Federal Reserve ID: 313175
    Date Established: May 20, 1935
    WWW: http://www.morganfed.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 3451
    FDIC's unique #: 42273
    Numeric code: 37
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: May 20, 1935
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 321 Ensign Street, Fort Morgan, CO 80701
    County: Morgan
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Fort Morgan, CO (#22820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $104.5 mil
    Equity capital: $11.0 mil
    Deposits held in domestic offices: $77.6 mil
    Return on assets (ROA): 0.73% ($0.8 mil)
    Quarterly return on assets: 0.60% ($0.6 mil)
    Return on Equity (ROE): 7.26% ($0.8 mil)
    Quarterly return on equity: 5.67% ($0.6 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.03% ($1,076.1 mil)
    Quarterly Pretax return on assets: 0.94% ($982.1 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
  • 27Total employees (full-time equivalent)
  • $104,475Total assets
  • $5,200Cash and due from depository institutions
  • $4,657Interest-bearing balances
  • $47,351Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $42,480Net loans & leases
  • $275Loan loss allowance
  • $0Trading account assets
  • $2,059Bank premises and fixed assets
  • $814Other real estate owned
  • $17Goodwill and other intangibles
  • $104,475Life insurance assets
  • $6,554All other assets
  • $93,428Total liabilities and capital
  • $77,617Total liabilities
  • $67,229Total deposits
  • $77,617Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,984Trading liabilities
  • $0Other borrowed funds
  • $827Subordinated debt
  • $11,047All other liabilities
  • $11,047Total equity capital
  • $11,047Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $9,262Surplus
  • $1,784Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $278Income earned, not collected on loans
  • $0Earning assets
  • $424Long-term assets (5+ years)
  • $94,488Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $106,491Volatile liabilities
  • $104,535Insider loans
  • $45,346FHLB advances
  • $103,961Loans and leases held for sale
  • $2,309Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,960Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,996Restructured Loans and leases
  • $1,249Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,051Total interest income
  • $1,351Total interest expense
  • $2,700Net interest income
  • $75Provision for loan and lease losses
  • $1,608Total noninterest income
  • $0Fiduciary activities
  • $52Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,556Additional noninterest income
  • $2,994Total noninterest expense
  • $1,903Salaries and employee benefits
  • $467Premises and equipment expense
  • $624Additional noninterest expense
  • $1,239Pre-tax net operating income
  • -$137Securities gains (losses)
  • $326Applicable income taxes
  • $776Income before extraordinary items
  • $0Extraordinary gains - net
  • $776Net income attributable to bank
  • $0Net charge-offs
  • $776Cash dividends
  • $26Sale, conversion, retirement of capital stock, net
  • $480Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.21%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 2.80%Net interest margin
  • 1.67%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 1.03%Pretax return on assets
  • 7.26%Return on equity (ROE)
  • 2.77%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 288.46%Credit loss provision to net charge-offs
  • 50.54%Efficiency ratio
  • 68,709Assets per employee
  • 3.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.86%Loss allowance to loans
  • 0.64%Loss allowance to noncurrent loans
  • 98.92%Noncurrent assets plus other real estate owned to assets
  • 1.05%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 54.73%Net loans and leases to core deposits
  • 56.48%Equity capital to assets
  • 10.57%Core capital (leverage) ratio
  • 10.32%Tier 1 risk-based capital ratio
  • 19.76%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $106,491Average earning assets
  • $10,683Average equity
  • $96,332Average loans

List of branches

  • 1 Colorado Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042273Morgan Federal Bank321 Ensign Street, Fort Morgan, CO 80701May 20, 1935Full Service Brick and Mortar

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 Morgan Federal Bank.
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.
Table of Contents