The Morrill and Janes Bank and Trust Company

The Morrill and Janes Bank and Trust Company Locations

6740 Antioch Road
Merriam, KS 66203
913.677.4500
www.mjbtrc.com

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The Morrill and Janes Bank and Trust Company is headquartered in Merriam and is the 15^st largest bank in the state of Kansas. It is also the 1,025^th largest bank in the nation. It was established in 1871 and as of March of 2012, it had grown to 90 employees at 8 locations. The Morrill and Janes Bank and Trust Company's money market rates are 14% higher than the national average, and it boasts a 5-star health rating.

Bank Deals Continue at Morrill & Janes Bank - MO & KS Only - 2/21/2012

When I first reported on Morrill and Janes Bank in 2010 , many readers jumped on its great nationwide checking account deal. The bank was offering very competitive rates on its Elite Checking and the ...

Morrill & Janes Drops Rates Again (Forum) - 8/2/2011

Morrill & Janes Bank has dropped the interest rate on its checking account to 1.06%. Their Treasury Direct rate is also down. This is the second rate drop this year. The first impacted in June.

Morrill And Janes Bank Cuts Elite Checking Yield To 1.26% (Forum) - 5/2/2011

The Elite Checking yield has fallen from 1.51% to 1.26% APY for balances of $1,500 and above. This was only a few days after they limited their accounts to residents of Missouri and Kansas. M&J's Treasury Index savings account yield remains at 1.5

Top Checking Account No Longer Nationally Available at Morrill & Janes Bank - 4/29/2011

The Morrill & Janes Bank has started to limit its Elite Checking and Treasury Index accounts to residents of Kansas and Missouri. This is now stated on its website. The Elite Checking account had ...

2011

2010

10/5 - High-Yield Regular Checking Account at Morrill & Janes Bank - Available Nationwide

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See Rates for: Checking | Savings | Money Market

The Morrill and Janes Bank and Trust Company Checking Account Rates

Apy	Min	Max	Product
1.01%	$1,500	-	MJ Elite Checking
0.50%	-	-	Premium 50+ Free Interest Checking
0.50%	-	-	VIP Free Interest Checking

The Morrill and Janes Bank and Trust Company Savings Account Rates

	Apy	Min	Max	Product
	0.50%	-	-	Regular Savings

The Morrill and Janes Bank and Trust Company Money Market Rates

Apy	Min	Max	Product
1.06%	$25k	-	Treasury Index
0.70%	$100k	-	Money Market Account

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

The Morrill and Janes Bank and Trust Company
FDIC Certificate #	1143
BankRate Report	View
Year Established	1871
Employees	90
Primary Regulator	FDIC
Assets and Liabilities
Assets	$644.10 million
Loans	$294.95 million
Deposits	$491.07 million
Equity Capital	$75.60 million
Loan Loss Allowance	$4.07 million
Unbacked Noncurrent Loans	$13,000
Real Estate Owned	$1.64 million
Historic Data - March 2011
Assets	$610.73 million
Equity Capital	$59.46 million
Loan Loss Allowance	$4.25 million
Unbacked Noncurrent Loans	$1.88 million
Real Estate Owned	$3.79 million
Profit Margin - Quarterly
Net Interest Margin	3.07%
Return on Assets	1.02%
Return on Equity	8.72%
Interest Income	$5.87 million

Institution Health

Overall Score:

5 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 The Morrill and Janes Bank and Trust Company had $1.65 million in non-current loans and owned real-estate with $79.67 million in equity and loan loss allowances on hand to cover it. This gives The Morrill and Janes Bank and Trust Company a Texas Ratio of 2.08% 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 The Morrill and Janes Bank and Trust Company decreased significantly from 8.90% as of March 31, 2011 to 2.08% as of March 31, 2012, resulting in a positive change of 76.66%.This indicates that the balance sheet and financial strength for The Morrill and Janes Bank and Trust Company has improved significantly in recent periods.
Deposit Growth
In the past year, The Morrill and Janes Bank and Trust Company has increased its total deposits by $9.48 million, resulting in 1.97% 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 The Morrill and Janes Bank and Trust Company 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. The Morrill and Janes Bank and Trust Company has $644.1 million in assets with $79.67 million in equity, resulting in a capitalization level of 12.37%, which is excellent.