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Overview / Commentary
321 Ensign Street
Fort Morgan, CO 80701

Morgan Federal Bank is headquartered in Fort Morgan and is the 68th largest bank in the state of Colorado. It is also the 4,600th largest bank in the nation. It was established in 1935 and as of December of 2013, it had grown to 30 employees at 1 location. Morgan Federal Bank's savings rates are 2X the national average, and it has a B+ health rating.

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Data for Q4 2013

Institution Health


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, 2013 Morgan Federal Bank had $586,000 in non-current loans and owned real-estate with $11.41 million in equity and loan loss allowances on hand to cover it. This gives Morgan Federal Bank a Texas Ratio of 5.14% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Morgan Federal Bank decreased dramatically from 8.31% as of December 31, 2012 to 5.14% as of December 31, 2013, resulting in a positive change of 38.18%.This indicates that the balance sheet and financial strength for Morgan Federal Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Morgan Federal Bank has decreased its total deposits by $-886,000, resulting in -1.03% 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.



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 $106.55 million in assets with $11.41 million in equity, resulting in a capitalization level of 10.71%, which is above average.

Institution Statistics

FDIC Certificate #29439
Year Established1935
Primary RegulatorOCC
Assets and Liabilities
Assets$106.55 million
Loans$45.08 million
Deposits$85.22 million
Equity Capital$11.11 million
Loan Loss Allowance$305,000
Real Estate Owned$586,000
Historic Data - December 2012
Assets$110.18 million
Equity Capital$11.46 million
Loan Loss Allowance$305,000
Unbacked Noncurrent Loans$0
Real Estate Owned$825,000
Profit Margin - Quarterly
Net Interest Margin2.89%
Return on Assets0.5%
Return on Equity4.7%
Interest Income$3.28 million

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Morgan Federal Bank Savings Account Rates

1.10%$250-Traditional IRA
1.10%$250-ROTH IRA
1.10%$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

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

Morgan Federal Bank Checking Account Rates

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

Morgan Federal Bank CD Rates

1.26%$50k-5 Year CD
1.00%$50k-4 Year CD
0.80%$50k-3 Year CD
0.75%$2,500-3 Year FLEX CD
0.65%$50k-2 Year CD
0.50%$50k-18 Month CD
0.40%$50k-1 Year CD
0.30%$50k-6 Month CD
0.10%$5k-91 Day CD

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