Bank of Morton

Bank of Morton is headquartered in Morton and is the 82^nd largest bank in the state of Mississippi. It is also the 6,144^th largest bank in the nation. It was established in 1904 and as of December of 2011, it had grown to 16 employees at 1 location. Bank of Morton has a 4-star health rating.

Bank of Morton Routing Number: 065303522

Data for Q4 2011

Institution Statistics Bank of Morton FDIC Certificate # 8556 BankRate Report View Year Established 1904 Employees 16 Primary Regulator FDIC Assets and Liabilities Assets $57.49 million Loans $38.22 million Deposits $49.19 million Equity Capital $6.54 million Loan Loss Allowance $212,000 Unbacked Noncurrent Loans $517,000 Real Estate Owned $289,000 Historic Data - December 2010 Assets $57.64 million Equity Capital $6.47 million Loan Loss Allowance $258,000 Unbacked Noncurrent Loans $78,000 Real Estate Owned $94,000 Profit Margin - Quarterly Net Interest Margin 5.24% Return on Assets 1.68% Return on Equity 15.13% Interest Income $3.22 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Bank of Morton had $806,000 in non-current loans and owned real-estate with $6.75 million in equity and loan loss allowances on hand to cover it. This gives Bank of Morton a Texas Ratio of 11.95% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank of Morton increased slightly from 2.56% as of December 31, 2010 to 11.95% as of December 31, 2011, resulting in a negative change of 366.94%. This indicates that the balance sheet and financial strength for Bank of Morton has declined slightly in recent periods. Deposit Growth In the past year, Bank of Morton has decreased its total deposits by $-268,000, resulting in -0.54% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Morton has shown is average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Morton has $57.49 million in assets with $6.75 million in equity, resulting in a capitalization level of 11.74%, which is above average.

No reviews have been left for this bank yet. Be the first to review.