Average User Rating:
4 star rating based on 1 review.

Morton Community Banks

721 West Jackson Street
Morton, IL 61550
(309) 266-5337
www.hometownbanks.com

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Morton Community Banks is headquartered in Morton and is the 11^st largest bank in the state of Illinois. It is also the 275^th largest bank in the nation. It was established in 1961 and as of December of 2012, it had grown to 376 employees at 32 locations. Morton Community Banks' savings rates are 92% higher than the national average, and it has a 4-star health rating.

$10K Cap High-Yield Reward Checking Account At Morton Community Bank In IL (Forum) - 11/15/2010

Morton Community Bank has a reward checking account called Pot O' Gold Checking. It used to pay a 1.51% APY on balances up to $100K. The good news is that this went up to 3.01% APY. The bad news is the cap fell to $10K. Here are the latest rates and cap a

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See Rates for: Checking | Savings | Money Market | CD | IRA

Morton Community Banks Checking Account Rates

Apy	Min	Max	Product
2.01%	-	$10k	Pot O' Gold Checking
0.10%	$15k	-	Interest Checking

Morton Community Banks Savings Account Rates

Apy	Min	Max	Product
1.00%	-	-	Health Savings Account
0.05%	$100	-	Regular Passbook Savings
0.05%	-	-	Christmas Club

Morton Community Banks Money Market Rates

Apy	Min	Max	Product
0.17%	$25k	-	Prime Money Market
0.10%	-	-	Money Market IRA
0.05%	$10k	-	Money Market

Morton Community Banks CD Rates

Apy	Min	Max	Product
1.77%	$100k	-	10 Year CD
0.98%	$100k	-	5 Year CD
0.82%	$100k	-	48 Month Launch Ready CD Special
0.64%	$100k	-	48 Month CD
0.48%	$100k	-	36 Month CD
0.32%	$100k	-	7 Month CD Special
0.30%	$100k	-	24 Month CD
0.24%	$100k	-	18 Month CD
0.16%	$100k	-	12 Month CD
0.14%	$100k	-	9 Month CD
0.12%	$100k	-	6 Month CD
0.11%	$100k	-	3 Month CD

Morton Community Banks IRA Rates

Apy	Min	Max	Product
1.77%	$100k	-	10 Year IRA
0.98%	$100k	-	5 Year IRA
0.82%	$100k	-	48 Month Launch Ready IRA Special
0.64%	$100k	-	48 Month IRA
0.48%	$100k	-	36 Month IRA
0.30%	$100k	-	24 Month IRA
0.24%	$100k	-	18 Month IRA
0.16%	$100k	-	12 Month IRA

Rates updated: 5/23/2013

Data for Q4 2012

Institution Statistics

Morton Community Bank
OTS #	10842
FDIC Certificate #	18429
BankRate Report	View
Year Established	1961
Employees	376
Primary Regulator	FED
Assets and Liabilities
Assets	$2.72 billion
Loans	$1.71 billion
Deposits	$2.14 billion
Equity Capital	$324.51 million
Loan Loss Allowance	$28.12 million
Unbacked Noncurrent Loans	$45.15 million
Real Estate Owned	$8.35 million
Historic Data - December 2011
Assets	$2.67 billion
Equity Capital	$254.31 million
Loan Loss Allowance	$28.47 million
Unbacked Noncurrent Loans	$59.16 million
Real Estate Owned	$10.98 million
Profit Margin - Quarterly
Net Interest Margin	3.1%
Return on Assets	1.51%
Return on Equity	13.8%
Interest Income	$104.65 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, 2012 Morton Community Banks had $53.5 million in non-current loans and owned real-estate with $352.63 million in equity and loan loss allowances on hand to cover it. This gives Morton Community Banks a Texas Ratio of 15.17% 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 Morton Community Banks decreased slightly from 24.81% as of December 31, 2011 to 15.17% as of December 31, 2012, resulting in a positive change of 38.84%.This indicates that the balance sheet and financial strength for Morton Community Banks has improved slightly in recent periods.
Deposit Growth
In the past year, Morton Community Banks has increased its total deposits by $52 million, resulting in 2.49% 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 Morton Community Banks has shown is above 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. Morton Community Banks has $2.72 billion in assets with $352.63 million in equity, resulting in a capitalization level of 12.98%, which is excellent.

Morton Community Bank--Worth The Drive
4 stars

- tomlawler - Tuesday, June 22, 2010 - 4:22 PM

Morton Community Banks has nearly 30 locations. I drove to their Toluca branch in April for their 10-year CD. My account rep, Roanna, was extremely helpful. Back then I got 4.00%. The rate has since dropped to 3.70%, but still worth it. Because I had already been there before, I was able to call Roanna on the phone last week to set up a second CD. I mailed the check to her attention and she did the rest. I like the small town atmosphere and the helpful, sincere people that work there. I would recommend Morton as a place to invest in longer term CDs.

Morton Community Banks

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