Morton Savings Bank in Morton, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 31, 2008

  • Morton Savings Bank in Morton, Pennsylvania (PA)
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Morton Savings Bank - Overview

  • General
  • FDIC Certificate #: 29725
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sharon Savings Bank (#28793)
    Federal Reserve ID: 472577
    Date Established: January 01, 1885
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3955
    FDIC's unique #: 42559
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: August 17, 1936
    Last Structure Change Effective Date: October 31, 2008
    Last Structure Change Process Date: December 04, 2008
    Last Data Update: December 04, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 25 South Morton Avenue, Morton, PA 19070
    County: Delaware
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Philadelphia, PA (#37964)
  • Financial Summary
  • Total assets: $17.2 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, 2007)

  • Dollar figures in thousands
  • 5Total employees (full-time equivalent)
  • $19,484Total assets
  • $4,430Cash and due from depository institutions
  • $4,360Interest-bearing balances
  • $5,289Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $9,488Net loans & leases
  • $24Loan loss allowance
  • $0Trading account assets
  • $15Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $262All other assets
  • $19,484Total liabilities and capital
  • $18,365Total liabilities
  • $18,195Total deposits
  • $17,668Interest-bearing deposits
  • $18,195Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $170All other liabilities
  • $1,119Total equity capital
  • $1,119Total bank equity capital
  • $1,119Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $1,119Noncurrent loans and leases
  • $392Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $101Average Assets, year-to-date
  • $19,137Average Assets, quarterly
  • $0Volatile liabilities
  • $19,342Insider loans
  • $19,363FHLB advances
  • $3,486Loans and leases held for sale
  • $30Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $392Total unused commitments
  • $0Restructured Loans and leases
  • $24Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $1,068Total interest income
  • $675Total interest expense
  • $393Net interest income
  • $0Provision for loan and lease losses
  • $12Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12Additional noninterest income
  • $584Total noninterest expense
  • $357Salaries and employee benefits
  • $112Premises and equipment expense
  • $115Additional noninterest expense
  • -$179Pre-tax net operating income
  • $0Securities gains (losses)
  • -$51Applicable income taxes
  • -$128Income before extraordinary items
  • $0Extraordinary gains - net
  • -$128Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.63%Yield on earning assets
  • 3.56%Cost of funding earning assets
  • 2.07%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 3.08%Noninterest expense to earning assets
  • -0.66%Net operating income to assets
  • -0.66%Return on assets (ROA)
  • -0.93%Pretax return on assets
  • -10.78%Return on equity (ROE)
  • -10.78%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 144,198Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.25%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 52.15%Net loans and leases to core deposits
  • 64.50%Equity capital to assets
  • 5.74%Core capital (leverage) ratio
  • 5.99%Tier 1 risk-based capital ratio
  • 14.05%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $19,342Average earning assets
  • $1,187Average equity
  • $18,986Average loans

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