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309-266-5337
721 West Jackson Street
Morton, IL 61550

Morton Community Banks is headquartered in Morton and is the 10st largest bank in the state of Illinois. It is also the 270th largest bank in the nation. It was established in 1961 and as of March of 2014, it had grown to 371 employees at 31 locations. Morton Community Banks' savings rates are 92% higher than the national average, and it boasts a A+ health rating.

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Reviews (1)

Morton Community Bank--Worth The Drive

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.



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 Morton Community Banks had $34.3 million in non-current loans and owned real-estate with $348.62 million in equity and loan loss allowances on hand to cover it. This gives Morton Community Banks a Texas Ratio of 9.84% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Morton Community Banks decreased dramatically from 14.96% as of March 31, 2013 to 9.84% as of March 31, 2014, resulting in a positive change of 34.23%.This indicates that the balance sheet and financial strength for Morton Community Banks has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Morton Community Banks has increased its total deposits by $135.97 million, resulting in 6.42% 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 excellent.

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. Morton Community Banks has $2.83 billion in assets with $348.62 million in equity, resulting in a capitalization level of 12.31%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #18429
Year Established1961
Employees371
Primary RegulatorFED
Assets and Liabilities
Assets$2.83 billion
Loans$1.90 billion
Deposits$2.25 billion
Equity Capital$323.19 million
Loan Loss Allowance$25.43 million
Unbacked Noncurrent Loans$24.10 million
Real Estate Owned$10.20 million
Historic Data - March 2013
Assets$2.75 billion
Equity Capital$323.30 million
Loan Loss Allowance$28.21 million
Unbacked Noncurrent Loans$24.10 million
Real Estate Owned$12.49 million
Profit Margin - Quarterly
Net Interest Margin3.24%
Return on Assets1.57%
Return on Equity13.94%
Interest Income$25.97 million
Rates

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

Morton Community Banks Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%--Health Savings Account
0.05%$100-Regular Passbook Savings
0.05%--Christmas Club

Morton Community Banks Money Market Rates

DetailsAPYMINMAXPRODUCT
0.17%$25k-Prime Money Market
0.10%--Money Market IRA
0.05%$10k-Money Market

Morton Community Banks Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.01%-$10kPot O' Gold Checking - Qualifying
0.15%--Pot O' Gold Checking - Non Qualifying
0.10%$15k-Interest Checking

Morton Community Banks CD Rates

DetailsAPYMINMAXPRODUCT
2.07%$100k-10 Year CD
1.57%$100k-5 Year CD
1.13%$100k-48 Month CD
0.96%$100k-30 Month CD Special
0.57%$100k-7 Month CD Special
0.48%$100k-36 Month CD
0.30%$100k-24 Month CD
0.27%$100k-9 Month CD
0.24%$100k-18 Month CD
0.16%$100k-12 Month CD
0.12%$100k-6 Month CD
0.11%$100k-3 Month CD

Morton Community Banks IRA Rates

DetailsAPYMINMAXPRODUCT
2.07%$100k-10 Year IRA
1.67%$100k-5 Year IRA
1.67%$100k-5 Year IRA Special
1.13%$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
Locations

Morton Community Banks has 31 locations. Click to view all Morton Community Banks locations.