Morris Bank

Morris Bank is headquartered in Dublin and is the 47^th largest bank in the state of Georgia. It is also the 1,938^th largest bank in the nation. It was established in 1954 and as of March of 2012, it had grown to 65 employees at 3 locations. Morris Bank has a 3-star health rating.

Morris Bank Routing Number: 061213043

Data for Q1 2012

Institution Statistics Morris Bank FDIC Certificate # 17910 BankRate Report View Year Established 1954 Employees 65 Primary Regulator FDIC Assets and Liabilities Assets $338.56 million Loans $251.90 million Deposits $282.75 million Equity Capital $34.36 million Loan Loss Allowance $5.64 million Unbacked Noncurrent Loans $5.22 million Real Estate Owned $939,000 Historic Data - March 2011 Assets $339.82 million Equity Capital $30.74 million Loan Loss Allowance $5.27 million Unbacked Noncurrent Loans $1.68 million Real Estate Owned $1.76 million Profit Margin - Quarterly Net Interest Margin 4.63% Return on Assets 1.66% Return on Equity 16.51% Interest Income $4.47 million

Institution Health Overall Score: 3 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 March 31, 2012 Morris Bank had $6.16 million in non-current loans and owned real-estate with $40.01 million in equity and loan loss allowances on hand to cover it. This gives Morris Bank a Texas Ratio of 15.39% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Morris Bank increased slightly from 9.53% as of March 31, 2011 to 15.39% as of March 31, 2012, resulting in a negative change of 61.47%. This indicates that the balance sheet and financial strength for Morris Bank has declined slightly in recent periods. Deposit Growth In the past year, Morris Bank has decreased its total deposits by -$2.29 million, resulting in -0.8% 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 Morris Bank 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. Morris Bank has $338.56 million in assets with $40.01 million in equity, resulting in a capitalization level of 11.82%, which is above average.

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