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Overview / Commentary
866-530-0300
321 Ensign Street
Fort Morgan, CO 80701

Morgan Federal Bank is headquartered in Fort Morgan and is the 69th largest bank in the state of Colorado. It is also the 4,598th largest bank in the nation. It was established in 1935 and as of March of 2014, it had grown to 29 employees at 1 location. Morgan Federal Bank's savings rates are 2X the national average, and it has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Morgan Federal Bank had $850,000 in non-current loans and owned real-estate with $11.7 million in equity and loan loss allowances on hand to cover it. This gives Morgan Federal Bank a Texas Ratio of 7.27% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Morgan Federal Bank decreased slightly from 8.15% as of March 31, 2013 to 7.27% as of March 31, 2014, resulting in a positive change of 10.81%.This indicates that the balance sheet and financial strength for Morgan Federal Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Morgan Federal Bank has decreased its total deposits by $-429,000, resulting in -0.51% 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 Morgan Federal Bank has shown is average.

Capitalization

GRADE:
A

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. Morgan Federal Bank has $105.14 million in assets with $11.7 million in equity, resulting in a capitalization level of 11.12%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #29439
Year Established1935
Employees29
Primary RegulatorOCC
Assets and Liabilities
Assets$105.15 million
Loans$45.05 million
Deposits$83.24 million
Equity Capital$11.38 million
Loan Loss Allowance$320,000
Unbacked Noncurrent Loans$316,000
Real Estate Owned$534,000
Historic Data - March 2013
Assets$108.14 million
Equity Capital$11.56 million
Loan Loss Allowance$305,000
Unbacked Noncurrent Loans$316,000
Real Estate Owned$757,000
Profit Margin - Quarterly
Net Interest Margin3.09%
Return on Assets0.64%
Return on Equity6.08%
Interest Income$850,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Morgan Federal Bank, we are a rate comparison website and can not provide official rates or promotions.

Morgan Federal Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.06%$250-Traditional IRA
1.06%$250-ROTH IRA
1.06%$250-Coverdell Education Savings Account
0.30%--Youth Savings
0.20%$250-Statement Savings
0.10%$1k-Health Savings Account (HSA)

Morgan Federal Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Money Market Demand Account (MMDA)

Morgan Federal Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Premier Now Checking
0.05%$1k-Business Checking

Morgan Federal Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.87%$50k-5 Year CD
1.56%$50k-4 Year CD
1.11%$50k-3 Year CD
1.00%$2,500-3 Year FLEX CD
0.60%$50k-2 Year CD
0.50%$50k-18 Month CD
0.35%$50k-1 Year CD
0.30%$50k-6 Month CD
0.10%$5k-91 Day CD
Locations


Morgan Federal Bank Locations
Morgan Federal Bank321 Ensign StreetFort Morgan, CO 80701