Morris Bank in Dublin, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Morris Bank in Dublin, Georgia (GA)
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Morris Bank - Overview

  • General
  • FDIC Certificate #: 17910
    Status: Active
    Federal Reserve ID: 423739
    Bank Holding Company (Regulatory Top Holder): Morris State Bancshares, Inc. (RSSDID: 1417212, Location: Dublin, GA)
    Date Established: November 29, 1954
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 11848
    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: Commercial Lending Specialization
    Date of Deposit Insurance: October 02, 1958
    Last Structure Change Effective Date: October 22, 2010
    Last Structure Change Process Date: October 25, 2010
    Last Data Update: October 25, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 Bellevue Avenue, Dublin, GA 31021
    County: Laurens
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Dublin, GA (#20140)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $336.7 mil
    Equity capital: $33.6 mil
    Deposits held in domestic offices: $281.8 mil
    Return on assets (ROA): 1.46% ($4.9 mil)
    Quarterly return on assets: 1.97% ($6.6 mil)
    Return on Equity (ROE): 15.59% ($5.3 mil)
    Quarterly return on equity: 20.05% ($6.8 mil)
    Net income: $4.9 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.46% ($4,916.2 mil)
    Quarterly Pretax return on assets: 1.97% ($6,633.4 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
  • 63Total employees (full-time equivalent)
  • $336,723Total assets
  • $23,989Cash and due from depository institutions
  • $21,985Interest-bearing balances
  • $45,247Securities
  • $5,285Federal funds sold & reverse repurchase agreements
  • $248,768Net loans & leases
  • $5,175Loan loss allowance
  • $0Trading account assets
  • $7,590Bank premises and fixed assets
  • $1,004Other real estate owned
  • $0Goodwill and other intangibles
  • $336,723Life insurance assets
  • $4,840All other assets
  • $303,141Total liabilities and capital
  • $281,844Total liabilities
  • $249,124Total deposits
  • $281,844Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,613Trading liabilities
  • $0Other borrowed funds
  • $684Subordinated debt
  • $33,582All other liabilities
  • $33,582Total equity capital
  • $33,582Total bank equity capital
  • $0Perpetual preferred stock
  • $330Common stock
  • $10,470Surplus
  • $22,782Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,951Income earned, not collected on loans
  • $0Earning assets
  • $1,882Long-term assets (5+ years)
  • $321,285Average Assets, year-to-date
  • $55,715Average Assets, quarterly
  • $338,978Volatile liabilities
  • $335,322Insider loans
  • $261,052FHLB advances
  • $334,685Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,551Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,861Restructured Loans and leases
  • $4,091Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,886Total interest income
  • $3,860Total interest expense
  • $14,026Net interest income
  • $2,375Provision for loan and lease losses
  • $1,319Total noninterest income
  • $0Fiduciary activities
  • $982Service charges on deposit accounts
  • $0Trading account gains & fees
  • $337Additional noninterest income
  • $8,022Total noninterest expense
  • $4,243Salaries and employee benefits
  • $881Premises and equipment expense
  • $2,898Additional noninterest expense
  • $4,948Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $4,948Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,948Net income attributable to bank
  • $0Net charge-offs
  • $4,948Cash dividends
  • $1,961Sale, conversion, retirement of capital stock, net
  • $2,275Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.53%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 4.34%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.48%Noninterest expense to earning assets
  • 1.46%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 15.59%Return on equity (ROE)
  • 8.42%Retained earnings to average equity (YTD only)
  • 0.76%Net charge-offs to loans
  • 121.11%Credit loss provision to net charge-offs
  • 3.73%Efficiency ratio
  • 52,278Assets per employee
  • 5.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.98%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 265.25%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 0.77%Net loans and leases to deposits
  • 88.26%Net loans and leases to core deposits
  • 117.63%Equity capital to assets
  • 9.97%Core capital (leverage) ratio
  • 9.73%Tier 1 risk-based capital ratio
  • 12.47%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $338,978Average earning assets
  • $31,747Average equity
  • $323,328Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011848Morris Bank301 Bellevue Avenue, Dublin, GA 31021November 29, 1954Full Service Brick and Mortar
    1243132Dublin Mall BranchMacon Road (U.S. Highway 80 West), Dublin, GA 31021October 21, 1971Full Service Brick and Mortar
    254760The Gordon Bank Branch280 Milledgeville Highway, Gordon, GA 31031April 29, 1994Full Service Brick and Mortar

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